Pensacola News Journal from Pensacola, Florida • 28

STOCKS OF LOCAL INTEREST Newsjoumal Volume a 183,100 52 244,200 32 31 51,700 31 108,900 44 6,344,200 49' 469,300 21 153,700 4614 510,400 61 450,100 1,528,200 12Vi 367,400 43 'A 3,576,600 44 Chg Vi Compass Bank Cytec -'A Delchomps Dllkrds Echlin Inc. First Data -1 First Union Floostor 14 Gannett Co. Gelman Scl. Great Western Vi Heritage 214 Home Depot Volume 12,800 11400 31,100 419,400 58,500 317,800 186,100 224,000 280,400 4,800 141,300 a 37 20 25Vt 37 44V 5V 52 174 20H 26'4 Chg W1 Paper 14 Kmart 'h LonoVy's Lkonlntl '4 Lowe's 14 McDonald's '4 Mercantile Monsanto 'k Norwest Office Depot Proffitt Regions Corp. 14 Sears Volume 997,000 1,735,200 81,000 45,400 2,157,900 1,249,200 134,000 428,500 460,800 655,900 3,900 16,000 1,237,400 a 74 15 33 28 '4 35 a Vi -3-4 Volume 12,300 62 1,271,200 21 63,800 9 5500 10 1486400 20 'A 117,700 54 37400 20 84,200 52'i 4700 46'A 2,985,300 24 78100 27 956,300 15MI 59,000 55 Chg -V4 14 Vi V4 Vi 'A Vk Ah-Products Alberhoo's Am HmPotient AmSouttt Armstrong Bonk South Bornett BellSouth Brown Ferris Brums Champion ColumbiaHCA St.

Joe Paper Southern Co. Starter Stein Mart Stone Contain SunTrust Synovus VF Corp. Viacom Wal-Mart Waste Mangmt Westinghouse Winn-Dixie 44 83 2'i 26 Vi 'A 'A 22 25 34 54 1,516,100 41 Pensacola, Florida TO REPORT A MONEY STORY: 435-8550 Tuesday, April 25, 1995 6D If I If I III I I II AVIMJJR 3 Briefs mm odd 2 mm Chrysler gives offer brush-off DETROIT Chrysler 1 Corp. board amplified its rejection of Kirk Kerkorian's unsolicited buyout proposal RECENT HIGHS Monday, questioning his abil ity to raise the money and saying the deal he wants would cripple the automaker. to 325.77 million shares as of 4 p.m.

Eastern time, up from 403.22 million shares in Friday's unusually busy session. The stock market spent much of the day languishing at mixed levels while investors bought selectively and sold to collect profits on other issues. But buying resumed with gusto as the final hour approached. The rally occurred while Wall Street rejoiced over robust quar- The five highest closes of tfie Dow Jones industrial average so far this yean 4,303.98 April 24 4,270.09 April 21 4,230.66 April 20 4,208.18 April 13 4,207.49 April 19 terly results from numerous companies. A.C.

Moore, chief investment officer at the money management firm Dunvegan Associates Inc. in Santa Barbara, said "positive earnings drove the market." Investors took their cue from the bond market where traders bid up prices in the afternoon after overcoming concerns about a heavy supply of new Treasury notes and bonds coming to market soon. Associated Press NEW YORK Stocks raced past another bullish milepost Monday as enthusiasm over corporate profits carried the Dow Jones industrial average to a close above 4,300. In reaching its third record in a row, the popular blue-chip stock gauge finished up 33.89 points, or 0.79 percent, at 4,303.98. Broader indicators also climbed to new highs.

The New York Stock The reclusive Las Vegas multibillionaire, working with Exchange composite index rose 2.08 to 276.84, beating the previous mark of 275.00 set on April 13. Standard Poor's 500 stock index rose 4.40 to 512.89. The prior record of 509.23 also was established on April 13. Advancing Big Board stocks outpaced decliners by about 8 to 5. Volume on the NYSE floor came former Chrysler Chairman Lee Iacocca, announced April 12 that he wanted to pay $55 a share for the 90 percent of Chrysler stock he doesn already own.

Health care firms reveal huge deal AN EXTRA HELPING OF FUN Vencor a large operator of hospitals for the chronically ill, is buying Hillhaven the nation's second-biggest nursing home company, for $1.9 billion in the health care industry's latest mega-deal. I 1 i a ''a An Bjt "71 1 i- The purchase would combine companies offering complementary services, making the .451) i 1 I American ranks tops in survey From staff and wire reports Although the airline industry rebounded financially last year, the quality of service provided by America's nine major carriers declined, according to a survey released Monday. American Airlines was the No. 1 -ranked carrier in the Airline Quality Rating, an annual study by aviation and marketing researchers at the University of Nebraska and Wichita State University. American displaced Southwest Airlines, which had earned the highest overall marks in 1993.

Southwest was No. 2 in the latest survey. American Airlines's commuter affiliate, American Eagle, serves Pensacola with six flights daily. Seven other major airlines were ranked in the following order: United, Delta, USAir, Northwest, America West, TWA and Continental. A major airline, as defined by the U.S.

Department of Transportation, is one whose operating revenues reach at least $1 billion for a 12-month period. Among the researchers' other findings: Continental and USAir lost bags the most often. The worst on-time performers were Continental, at 78 percent, and USAir, at 79 percent. Airlines most likely to bump travelers were Southwest, America West and Continental. new entity better able to compete with cost-conscious managed care groups like health maintenance organizations, analysts said.

Clinton: Dollar's weakness not critical WASHINGTON The Clinton administration brushed off criticism Monday that it has failed to do enough to defend the dollar. Treasury Secretary Robert Rubin said he and other finance officials from the world's seven richest countries will have a "vigorous discussion" on currency topics today. Interest rates rise on Treasury bills WASHINGTON Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $11.7 billion in three- month bills at an average discount rate of 5.66 percent, up from 5.56 percent last week. Another $11.7 billion was sold in six-month bills at an average discount rate of 5.75 percent, up from 5.69 percent.

Separately, the Federal Reserve said the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 6.17 percent last week from 6.28 percent the previous week. Compiled from wire service reports Gary McCrackenNews Journal F.E. Booker, left, general contractor, and Alan Wright of Wright Construction, Biloxl, discuss the installation of ceramic tile in the newly remodeled kitchen area of Jubilee Restaurant at Quietwater Beach. Restaurant adds big-top types 1 By Alice Crann News Journal PENSACOLA BEACH A Pensacola Beach business is going to start clowning around to attract visitors to its newly expanded and renamed complex, a move that's going to create more jobs. Kids can expect to find Ravioli the clown at Jubilee Restaurant Entertainment Complex every weekend after Jubilee opens the doors to its two-story east expansion, a project that started in January and will be finished just before Memorial Day.

And Ravioli will have company a ringmaster, mimes and jugglers. Addition of the circus characters is part of the $1.8 million remodeling venture, said complex manager Tom Carmichael. Last year, Jubilee added the Celebration Room downstairs across from its Beachside Cafe. The east expansion will add another 5,000 square feet, creating a dining and entertainment complex on Santa Rosa Sound. The finished product will mean hiring another 65 employees.

Upstairs, the east "expansion includes a larger and redeco rated dining room, offering 85 more waterfront seats' and a) show "Customers will be able to make reservations to dine in the kitchen and watch everything that's going," Carmichael said. "It's a trend that's happening at restaurants around the coun- try." Also, the first floor is getting a larger, modern kitchen that will have a window on the Quietwater Boardwalk side so passersby can get a peek at Jubilee's chefs and bakers in action. Carmichael's favorite first floor add-on is J-Sweets Gourmet Coffee, Dessert Elixir Room, a gourmet dessert eatery that will seat 70 on the floor and 15 at the bar. Here, customers pull up bar stools to order everything a sweet tooth could desire including strawberries flambe, ice cream floats and strudels. "The dessert tenders will be a cross between a bartender, baker and soda jerk," Carmichael said.

J-Sweets will offer specialty coffees, cappuccino and espresso, wines and cordials, and it will be a Haagen Daaz dipper site. For the locals, J-Sweets will serve breakfast Monday through Friday. Downstairs, near the main entrance, is Jubilee's gift shop, stocked with beach gear plus polo shirts, denim shirts and T-shirts. FARES RISE Business travelers paid nearly 6 percent more for an airline ticket in March then they did in February, the biggest month-to-month rise in more than two years, a travel survey reported Monday. It was the biggest increase since January 1993, when business fares rose 20 percent from the month before.

The higher business fares were still below the March 1994 levels. The lowest discount fares, which are those most often used by vacationeis, were also higher, jumping 5 percent. Substantial jumps in business fares were seen in several cities, including Kansas City, Cincinnati and New Orleans, the survey said. Houston, San Diego and New Orleans had increases in the lowest discount fares. 33.89 DOW JONES 1J AVERAGE STOCK INDEXES Close Change Dow Jones Ind.

4303.98 33 89 Consolidated Volume 404,570,610 Up. 1,366 Unchanged 744 Down 863 20 Trans. 1650.18 7.22 15 Utilities 194.90 2 24 500 512.89 4.40 NYSE Composite 276 84 2.08 Amex Index 473.57 1.47 NASD Composite 828 91 5 47 GOLD AND SILVER Gold(Comex) $390 90 $0 40 Silver (Comex) $5.665 013 Prime Rate 9 Albertson's to open 3rd store at Nine Mile Road By Jahna Jacobson News Journal Albertson's will open its third Pensacola grocery store next vear. this one located at Milestone, a mixed commercial and residential foot shopping center featuring an Albertson's full-service grocery and pharmacy, will begin late this summer. The store will share the shopping center with a Albertson's liquor store and 10,320 square feet of small shop lease space.

There also will be a commercial area fronting Nine Mile Road. The shopping center is expected to open Spring 1996. The 222-acre subdivision has room for 323 homes, said founder Mike Green. Eighty percent of sites have been sold. The first residents are expected to move into their new homes in June.

The development also will include a Horizon Bank branch, playgrounds, a church, health center and another of retail space which will house 10 owner-occupied shops. Green said having Albertson's as an anchor store will positively impact the sales of other commercial properties. community being developed on the corner of Nine Mile Road and Pine Forest Road. Construction of a Small Investors guide: Yields on certificates of deposit continued their month-long fall last week. Even the average yield on 6-month CDs, which had risen every week in 1 995, was flat.

Taxable and tax-free money fund yields rose slightly. These tables list banks and money funds offering the highest annual yields. This week Last week A year ago U.S. average money market rates 5.54 5.53 Percent 6-month 3.51 3.39 (Minimum purchase) Yield Friday First Commonwealth Savings, 1-800-739-7966 6.40 1.80 This week Last week A year ago Percent ($10,000) 6.40 5.78 5.97 ($10,000) 6.57 6.61 6.22 6.25 5.11 5.11 5.78 5.79 ($10,000) 6.13 Avg. taxable money fund Avg.

tax-free money fund Highest-yielding money funds Taxable money funds, phone 1-800 Yield' Taxable money funds 4.91 r-vTSw. xi rvrv Tfl ($5,000) 6.43 6.54 3-month T-bill 6-month T-bill 1 -year T-bill 2- year T-note 3- year T-note 5-year T-note 10-year T-note 30-year bond 6.35 6.70 "6.70 6.67 6.91 6.87 6.85 5 Safra National Bank, 1-800-223-2311 New South Federal, 1-800-366-3030 1-year AFBA Industrial Bank, First Trade Union Savings, 1-600-242-0272 First Commonwealth, 1-800-739-7966 212-year Safra National Bank, 1-800-223-2311 New South FedeVal, 1-800-366-3030 NBD BankDetroit, 1-800-225-5623 (Bank, phone 1-800) Source: 100 Highest Yields, 1-800-327-7717 ($5,000) 6.77 ($1,000) 6.29 6.18 6.17 4.16.. 4.13 ii 4.10 fronttlea 212-year 5-yearr Strong Money Market. Jackson National, 1-800-888-3863 Dreyfus Basic, 1-800-548-2412, Tax-free money funds Fidelity Spartan 1 -800-544-8888 I Benham Fla Municipal, 1-800-472-3389 Strong Municipal, 1 -800-368-3863 1 current 7-day annualized yield Source: Investing for Income, 1-800-343-5413 ($1,000) 7.00 7.34 ($1,000) Source: Reuters Marcy E. Mullins, Gary Visgaitis, USA TODAY I t.

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