The Honolulu Advertiser from Honolulu, Hawaii • 28

A-28 Friday, July 1983 The Honolulu Advertiser Money Hilo's KHBC-TV says it's sign-off time Dow Jones Commodity Indexes WMfcFy vrgM I I 1 1 P35.93 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 ble for advertising's Clio awards, said hfeK 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 let go in an austerity move.

Twelve workers remained at the station as of yesterday. "We just aren't making the ends meet 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 had funded the deficit out of his own poqK-et. 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 Nations money supply increases at mid-month 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 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, 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. 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 Week average Ml in billions of dollars $780 $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 Sbarro ScandF 1.30e Sceptre Scheib .36 SchoolP .32 SciV.gt .10 Scope .55 SiurRn 1.50 SbdCp .50 .40 SecCap Selas Senitch StittCm ShwdGp Shopco l.04e SierHS Siercn Sitco .20 SikesAs.16 Silvrcst Skolnk SmtbA .80 SmthB .80 Sorglnc Sothby SCEd ptl.02 SCEd ptl.06 SCEd pfl. 08 SCEd pll.19 SCEd pfl 45 SCEd PI8.96 SwBcp n.ljt Spartc SpedOP Spellng Stage StdShr 1.25e Stanwd StarrtH Stepan .92 SterlEI Stertstt StrlSI StvGph StrutW Sal wtY2 Sal wt93 Sal W1Y93 SumtTa 1.40 SunbNu Sunjr .48 SoprFd .38 Suplnd SuprSr .50 SwftEng Swift pfT52r Synaloy SystEn 5 9 11 126 7 27 22 32 32 73 35 lO'i- 26' 4- 11-16 19 63... 3 1 1 Iji Week ended June 20 cl jij $778.6 billion T2Mdn TIE Til TPAAm TRC TabPrd .20 Taiwan 9.11e TandBs Tasty s.48 Team TcOpLn TcOpS TechTp Tecfitrl .72 Technd TejnR OSe Telecon Teietlex .40 TelDtas Telesph TeniplE Tempo. 16 Tenera .80 Tenney TeCdgl.20 TexAir Thrmds TbrmE Tbrlnss TnrmP TmbCon Totuttl TolEdpflO Tortel TotlPfg.40 TotPt pf2.88 TwCty TrnsLx.OSb TrnscoA.30 TrnscoB .10 Trnrns.28 TriSM TriaCp.20r Tridex TstAms TubMex TurnB At TurnB TurnrC 1 30 TrnEq TwPeso Unicorp.60 Unimar UnValy UFoodA UFoodB UtMed USCeln 22 74 19 14 27 32 25 37 15 38 3 5 16 314 13-m ull 6 16.

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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- 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 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 99 Sa 15.4 1 7474 15'a 'a 5-16-1-16 1014 14 16 'a V4 6 la l-'4 18'4 13 "a la 131-a- la 5 la 6- la '9 la 3' a la 3 a 3' a 4 Va Tfi la 20' 33- la 42 la 'a 7 la 15- la 48 6 25' 4 I 117 7 II I63 94T lia 14 5Va 1700 46' 13 15' I 12 12- 3 20 12's- 'J 107 24'4- 1 60 23 a 32 24. 8 la 27 11't-la 13 23rt- IB 19- 4a 10 20 91 19'j- la 4 22J- 25 JC-V 1 22- 112 10'- 878 29 1 AC n.6Ce RAI .281 ROW RMS Inl Ragan .12 Ransbg Raven .44 ReCap KllySou 1.12 RitSo wt RedLn2.05 Redlw RegalBs.40 RestMg I.12e ResRsn ResrtA Riedel RioAlg.65 Riser wi Rivbnd Rogers .12 Rudick Rvmer wl 333 13 25 22 16 10U lO'a 17 7 29 IS 34 15 43 15 10 la 9- Va 'a 16 'a 7'a Va 3'4- la in S'4 IC'a 35'a- 'a 13' 4 V.

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Adjusted for seasonal variation. 10 5 5. -5 "10 ASO NDJFMAM a Down 0.6 Change by May market category 1988 Durable goods Non-durables 1.5 Non-defense 0.8 Non-defense capital SOURCE: U.S. Department of Commerce IliM II IS 25 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 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 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 jt'fiSt From Page Marlton MarsG Mater MalRjh MatSci Mntri Miixphrm MtCIa n.M McRoc Weflch 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 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 10 38 71 NIPS PI4.25 NuHn .651 NuclDI Numac NvNVMn.0S 1 3 5 Hi 1' '9.

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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 mmm MO WAKHANTY, FRfcE Pt-ACHTKtE ACCOUNTING. 3303 MM! 955-7911 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.

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Dial Claitid i ft I Bring In any bona fide cellular phone ad from a local publication in general Circulation. We'll meet or beat our competi tors' advertised prices on all comparable offers. These and many other models available: Cash and Carry 8000H Mi PHONE NEC P9000 PORTABLE CELLULAR PHONE QQ Battery Charger Extra Battery 1 Year Warranty NEW MODEL! MOTOROLA 618 PORTABLE PHONE ARA PROCOM 1800 MOBILE PHONE fW 3 Year Warranty Hand Free 1 1 Year Warranty 599 plus and antenna plus installation $699 installation and antenna TEE Aiea 487-1545 MON-SAT 9AM- 6 PM ELECTRONIC ENTER TA INMENT HAWAII'S MOBILE ELECTRONIC LEADER Pricing based on HCTC option 4 service Sale ends 71588 Honolulu 537-5316 MON-SAT 9AM-6PM.