The Lincoln Star from Lincoln, Nebraska • 8

TTrstia cisficit picture-better 'Good-news boys' report red ink for December 1 0.7 billion Msrket Summaries NYSE Dew Jodcs stoboods NEW YORK (APl-Ftaot Dew-Jonee 15 most active stocks VO AP) Sofe. Prto ond net ohont of ttw 15 mod octtv New York Stock Exchong tesw, trading Standard ft Poort NEW YORK (API Seanoord ond pgori Stock Indues for Friday: Hit) Lew cme CD. United States Trade Deficit (In billons at dollan per year; 1975 only trad uptus) 753 wtotKM 802 (todiitM STOCKS 046) HHjk Lew Close Ckg 301.50 305.99 301 16 1.14 314.25 310.91 313.17 I.7S XI nd USUI 71 7JJ1 1127 JO 51.44-1.97 XTronspt 40UttHtiet 40Flnond nottonoily of more man $1. Amor TIT 7,601,700 Gen Motors. 1.737,300 UnCarbdts, X34I.3O0 RJR Nob 1161,000 75 76 77 78 79 80 81 82 83 84 85 88 121.91 121.41 123.75 ID 29.70 19.41 2943 0.05 174.24 17) Jl 234.01 0.16 XTrn Most Active: 24 177.16 663 34 $64.34 (74.60- 164 2344) 225 3 222.19 224.72 O.H $22.73 131.35 111 122.17 1.06 Pan Am 2.915.500 PubSNwnU 2.

65000 15 UH eSStk Indus Trow AMI inc 7,436.301 XH1J0S 6 9 751 259 4- Vk KPh IV 5 zrm Vi tiva MVs -M 4316) 4 12M 4- ve 41 lvi 49V H) 14 41 2Vo SOVe 2,475. TOO 2.327,400 141500 eweo.ooo -3M7L60I 1975 Surplus OtfT MOetIM SANTA MONICA. Collf. (AP) Thg WHsMr Aseociate' 5.000 Eautty Index, 9tv martust vatug of 5V000 NY5E, American end OTC Issues, wo $3,742,994 billion. Off $9,423 billion OT 0 03 percent.

Year age S3. 163.162 btt-ikm. NEW YORK (AP) TheVolu Lin index of 1415 NYSE. American ond OTC stocks wo 249.17. up 1.30 or 0.3 percent.

Yeor ago 215 JO. Index: 156.110.08 8 billion MH III- II fie- MerilLyn IBM AmExpres AmBronds DtomShm DoytonHud H67Wl(ttPk. 0 20 40 60 80 100 120 140 160 180 1J760O 1,12100 1,017.000 974.100 BONOS 10 Bonds 0.2t Public UtH 94(69 $.11 Inoustriats 92 9t 46 Bond 39,220,000 Cernmodtuturs 1 16,229 1986 Deficit $169.8 Billion FirsTier earnings show sizable drop FirsTier Bank Omaha ended the year WASHINGTON (AP) The nation's merchandise trade deficit soared to a record $169.8 billion in 1986, but the year ended on an upbeat note with a December imbalance that was the lowest in 21 months, the government reported Friday. An end-of-year drop in imports, partly attributed to the declining value of the dollar, narrowed the deficit for December to 10.7 billion, the Commerce Department sail "We're the good-news boys again, although it's Interesting that a $10.7 billion deficit can be considered good news," said Robert Ortner, undersecretary of commerce for economic affairs. TREASURY SECRETARY James A.

Baker told reporters: "It was very good news on a month-to-month basis, but we ought not put too much faith in these month-to-month estimates." "I don't think you can conclude from this that the trade deficit is declining," Baker added. "You may be able to conclude that it is leveling off. One month is not all that good an indicator of a trend." A sharp drop was recorded in December from the $19.2 billion deficit for November initially reported, although the November figure was subsequently revised to $15.4 billioa However, Commerce Department analysts cautioned that, because of different accounting procedures used, the November revised figures are not directly comparable to the initial December data in Friday's report The trade deficit has now declined in four of the last five months. The high November figures were widely viewed as an aberration, caused in part by tax and customs law changes. Trade deficits are the difference between what Americans import and what they export.

In 1986, they imported $387.1 billion worth of goods, up 7 percent from the year before. Exports also rose, but by a modest 2 percent, to $217.3 billioa THE OVERALL 1986 deficit was $2LS billion higher than the 1985 imbalance of billion a disappointment to Rea- -gan administration officials who had earlier predicted a marked improvement in the deficit in 1986. For 1984, the deficit was $123.3 billion; for 1983, $69.4 billion. VS. trade accounts have been in the red since a $1.8 billion surplus in 1975.

As in previous years, the United States in 1986 ran its largest deficit with Japan, a record $58.6 billion in 1986, the largest trade imbalance ever posted between two nations, up from $49.7 billion in 1985. But Masaru Takhei, senior economist at the New York branch of the Fuji Bank, focused on the December numbers. "The figures will change the mood of the US. markets from gloomy to he said. The trade deficit with the 12-nation European Economic Community this nation's largest trading partner also increased in 1988, to $26.4 billion from $22.6 billion the year before.

THE UNITED STATES ran a $23.3 billion deficit with Canada, up from $22.1 billion; a $15.7 billion deficit with Taiwan, up from $13.0 billion; and a $10.7 billion deficit with members of the Organization of Petroleum Exporting Countries, down from $11.6 billion. Petroleum imports totaled $37.6 billon in 1986, down 28.1 per- cent from the year before a direct reflection of the sharp drop in world oil prices during the year. Imports of manufactured goods were up 13.8 percent in 1986; exports increased by 2.3 percent Agricultural exports during the year feu by 10.7 percent to $26.1 billion, reflecting lost markets to U.S. farmers, partly due to world surpluses. Earnings of FirsTier Inc.

for 1988 showed a substantial decline from the previous year, a yearend report said Friday. According to the financial services company's report, FirsTier Bank Lincoln experienced record earnings in 1988, while "FirsTier Bank Omaha's earnings were somewhat below their 1985 performance," FirsTier President William C. Smith said. However, FirsTier officials declined to release the dollar-figure earnings breakdown of each of the FirsTier subsidiaries until the Federal Deposit Insurance Corp. releases the figures.

ACCORDING TO Smith and FirsTier Board Chairman Charles W. Durham, an operating loss at the FirsTier Mortgage Co. subsidiary was the major factor resulting in lower fourth quarter and annual earnings of the parent corporation. On Feb. 2, Glenn Wilson Jr, president of the Government National Mortgage Association (Gtnny Mae) for the past 20 months, win become president and chief executive officer of FirsTier Mortgage.

"Our performance for 1986 was not up to our expectations, but we are ending the year with a much stronger balance sheet," said Durham, who became chairman of FirsTier Inc after John Woods resigned. According to figures released for the financial holding company, FirsTier Inc. earned $11.6 million or JU3 per share in 1988, as compared to $14.8 million or $2.93 per share in 1985. FOURTH QUARTER earnings for the parent company were $968,000 or 19 cents per share as compared with $4.5 million or 90 cents per share during the corresponding period of 1985. "We have increased our reserve coverage of non-performing assets during the second half of 1988 to 57 percent compared with 27.8 percent at June 30, 1986," Durham said.

"This action better positions us in the industry and enhances our financial ratios as we move ahead," be said. Loan originations exceeded $1 billion for the year at FirsTier Mortgage, Durham said, and the subsidiary's servicing portfolio was $178 billion at yearend. "These excellent results were offset by a major increase in the loan loss provision in the fourth quarter," Durham noted. "The increased loan loss provision at FirsTier Mortgage was needed to cover losses in the company's commercial and residential construction loan portfolios. "OUR CREDIT REVIEW staff has carried out an In-depth analysis of the company's portfolio.

We believe they have done a thorough job of identifying problem credits, and we plan to reduce the number of classified loans as quickly as possible," Durham said with a substantially increased loan toss reserve of $18.7 million, representing 18 percent of loans and leases outstanding. The Omaha bank also reduced its level of non-performing assets by $8 million in the fourth quarter, bank officials said. "The entire corporation will benefit from an expense review process that we have put in place," Smith said. "At the Omaha bank, in particular, earnings should increase as a direct result of our lowering overhead expense, non-performing assets and the monthly loan loss provision." IN DECEMBER 1986, FirsTier recorded $10.9 million of nonrecurring income, $9.2 million from an overfunded pension plan and $1.7 million due to a decrease in tax rates on leveraged leases. The corporation bought annuities for vested employees to provide pension benefits equal to those in the company-operated plan.

The capital-to-asset ratio of FirsTier Inc. the holding company, was 7 percent at yearend; FirsTier Bank Omaha's ratio was 8.35 percent, and FirsTier Bank Lincoln's ratio was 8.45 percent Bank officials said all of these ratios are substantially higher than the regulators' 6 percent minimum capital-to-asset guidelines and strong by industry standards. Resilient market closes off slightly Local investors seek radio license transfer Losing issues narrowly outnumbered gainers, with 778 down, 743 up and 455 unchanged. "I think there was just the normal volume of profit-taking today," said Jack Garry, head of equity trading at the Philadelphia investment firm of Butcher Singer Inc. "I'm sure program trading played a role." Program trading is a form of arbitrage used by large brokerages to profit from disparities between the prices of stocks and stock futures.

It can trigger heavy volatility. When stock prices rise above the futures prices, computer programs automatically sen massive amounts of stocks and buy corresponding futures. The programs automatically sen the futures aid buy stocks when the futures prices rise above the corresponding stock prices. RONALD B. DORAN, head of institutional trading at First Albany said some computer-driven buying programs for blue-chip stocks were activated late in the day and helped raise prices from earlier lows.

"The psychology's still positive out there," he said. "This market acted very wen right to the end of the day." Among the most notable issues, American Telephone Telegraph fell 1 to 24 on volume of 6 million shares, the NYSE's most active The company reported a $1.17 billion fourth-quarter loss Thursday and gave a pessimistic earnings forecast for 1987. Airline stocks faltered for the second day, a result of renewed industrywide fare-cutting. AMR dropped 1 to 56 and Delta fell 1 to 55. UAL rebounded and closed up to 53 after it announced a staff cutback.

A SURGE in the dollar, caused by an unexpected decline in U.S. trade deficit figures for December, gave investors an excuse to cash in profits on stocks that had done wen because of the currency's depredation, primarily in the drug, paper, precious metals and chemicals sectors. Upjohn dropped 1 to 111; Kimberley Clark lost to 105, Dow Chemical fell VA to 70; and Hecla Mining lost to 12. Tobacco stocks had a mixed day, partly because of speculative talk about cancer-victim lawsuits and an unfounded rumor that RJR Nabisco would spin off its tobacco operation to the public. RJR initially rose sharply but ended with a 1 loss to 62; Philip Morris lost 3 to 88; and US Tobacco rose 2 to 26.

Nationwide turnover in NYSE-listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market totaled 190.993 million shares. The NYSE composite index was 156.11, off 0.08. NEW YORK (AP) Stock prices finished slightly lower Friday and gave the Dow Jones industrial average its only consecutive loss of the month, but the broad market displayed resilience and analysts said Wall Street's 1987 rally showed little sign of flagging. "The easiest path is still up," said Jack Solomon, a strategist at the New York investment firm Bear Stearns Cos. "They just cannot drive this market into the ground" After hitting an 18 point deficit during midsession, the Dow Jones industrials rebounded on renewed buying interest and computer-driven program trading in the final half hour and ended at 2,158.04, down 1.97 points.

Coupled with the 3.38 loss Thursday, it was the only time Wan Street's most familiar indicator had a consecutive decline in January and was only the fourth time in the month it finished lower. But that still left the average tip 56.52 points for the week and 262.09 points higher for January, a gain of 13.8 percent BROADER MARKET barometers were mixed, reflecting resilient strength in secondary and over-the-counter stocks. The American Stock Exchange's market-value index closed up 0.67 to 300.47, its fourth straight record high. Volume on the New York Stock Exchange totaled 163.36 million shares, compared with 205.25 million ager of KFMQ in Lincoln, then general manager of KLMS-AM and KFMQ from 1984 through 1986. Barker was with KFMQ for about a decade, first as a disc jockey, then as its program manager.

Lampman came to Lincoln in 1974 when Woodward Communications bought KLMS; he was general manager until 1979. After Woodward bought KFMQ, he was general manager of both stations. During the past year, he has been sales manager of KWKH-AM and FM in Shreveport, La. Thomas had a 27-year career with KLMS and from 1981 to 1983 he was general manager of KLMS and KFMQ. Sequel Corp.

is owned by Steven Rei-. chert, Robert Fine, Ivan Save! Miles Lerman, Stephen Clodfelter, Myles Hor-wit2, John Boning and Gershon Stern. consultants with the present owner on equipment changes, Thomas said. "We anticipate FCC approval during February so the station can be back on the air March 2," be said. The other new investors are Ray Farrington, who will be sales manager, and Tom Barker, who will be program manager.

Lampman and Thomas have been searching for four years for a station to acquire. When the station returns to the air, it will be called KLDZ. "With new can letters, a different format and new disc jockeys, well actually be a brand new station," Thomas said The format change is under wraps. "That has to remain a surprise," he said Later this year, the new owners would increase the station's power to 50,000 watts. Farrington previously was sales man From The Associated Press Four Investors with extensive local broadcasting backgrounds nave asked the Federal Communications Commission to approve transfer of ownership for radio station KJUS-FM, 95.3, of Lincoln.

Tandem Communications, with Har-ley M. Lampman as president and general manager, and Lee Thomas as vice president and operations manager, would acquire the station for $100,000, plus assumption of debts. Thomas said the present owner. Sequel Corp. of Denver, took the station off the air last Friday because of technical problems.

"After considerable replacement and upgrading of equipment, the signal of this station should be much better" he said. The group of investors is acting as Farm Markets Kissinger, Robert Bauman likely new UP board members Grains rally; soybeans lower CHICAGO (AP) Grain futures prices rallied to close mostly higher while soybeans retreated Friday on the Chicago Board of Trade. Grain And Soybean Futures CHICAGO (AP) Futures trading on ttw Chicago Board of Trad Friday: Oeefl Hi Lew Settle Che. (Lincoln grain, Omaha livestock prices) Com Up No.2yetlow,up50to1.41 Wheat Up No. up 2C to 2.46 Soybeans Unch.

2, unchanged at 44.63 HogS Up 7SC toll higher Cattle Scarce Not enough for market tett man of the Beecham Group, a London-based organization. Previously, he was vice chairman of Textron, chairman and chief executive officer of Avco Corp. and held a number of positions with General Foods. He is a director of Capital Cities-ABC, McKesson Corp. and Wyman-Gordon Co.

Kissinger, chairman of Kissinger Associates, was secretary of state from 1973-1977 under Presidents Richard Nixon and Gerald Ford. He is on the boards of the American Express Trust Co. of the West and RH. Macy Co. In 1986, Bauman was elected chair 99nCAI iiuhi mUImiimi rinlbire eer bushel 5,901 bu minimum; dollars per bushel Mar 4.98V) 5.00 4.98V1 S.00V4 .01 May 4.98VJ 4.99V4 4.98 4.98 OMAHA (AP) Former U.S.

Secretary of State Henry Kissinger has been nominated to the board of the Union Pacific Corp. Kissinger and industrialist Robert Bauman would be additions to the current 18-member board. The two men would be elected during the company's annual meeting The meeting win probably be in April in Salt Lake City. Union Pacific Corp. is based in New York and its largest subsidiary, the Union Pacific Railroad, is based in Omaha.

Key Interest Rates (In Percent) This Week Year Jul Metals Livestock 4.97 4.99 e.wvs 4.97 4.97 4.95V1 4.96V4 4.86V) 4.B7V) 4.86 4.86 .01 4.82 4.34Vi 4.83 4.83 4.90V 4.90V1 4.89 4.89V .01 4.96 4.96 4.9 4.96 Aug Sep NOV Jon Mar Gold Futures Gold-Silver Mov 4.Y9 soles 16,492. open int 75,971, off 261. SOYBEAN OIL 60,009 lbs; donors per 100 lbs. Mor 1697 17.00 16.65 16.71 Mar 2.89V2 2.891 2.86 2.88V4 May 2.71 2.71Vi 2.6 2.7114 Jul 2.51V 2.53V4 151 2.5J 9 Sep 2.51 12J0 J.S1 Dec 2.57 158 257 2JI MVt Mar 2.56 2.56 15JV 2J5V. .00 soles 5,505.

Thu. open kit 27,497, UP II. CORN 5,606 minimum dollars per bushel Mor 1.55V1 1.5714 1.55'A 1.57 .01 May 1.62 43 Jul 1.6614 1.61 1.66 Sep 1.70(4 1.71V 1.70 1.71VJ.01 Dec 1.75 1.76Vsl.74Vll.76Vj.0Vi Mo 1.82 1.84 1.M 1.14 9.0114 May 1-641 1.86ft UMtt 1.66V, t.OlVi sales 16,771. open mt 134.967, off 5. a0 bu minimum; dollors per bushel Mor 1.56 1.60 1.56 1.60 May 1.52vlT54V, 1.5214 1 MV, .0114 Jul 1.42 1.43tl 1.42 1.43V .01 Sep 1.34 1.37 1.36 1.36V OK 139 1.3f U9 .00 sales 7,051.

tat 6469, UP137. Livestock Futures .22 .24 .22 .25 .30 .20 May Jul Aug Sep Oct Dec 17.28 17.30 16.97 17.00 17.52 17.55 17.26 17.21 17.55 17.57 17.30 17.32 17.50 17.55 17.30 17.35 17.40 17.42 17.10 17.10 17.41 17.41 17.20 17.20 17.30 17.30 17.20 17.20 NEW YORK (UPI) Foreign and domestic gold and silver prices quoted In dollars per troy ounce Friday: LONDON previous fixing $409.00 oft $0,175: morning fixing $407.30 off afternoon fixing $400.50 off $0.50. PARIS (free market) $409.00 off $3.16. ZURICH $10.00. HONG KONG was closed.

NEW YORK Handy and Harmon. 5400 SO off $9.20. Engelhard, base price for refining settling and unfabrlcated gold $402.03 off $9.22 per troy ounce. Selling price, fabricated gold $422.13 off $9.6) per troy ounce. Handy ond.

Harmon quoted sliver at $5,515 per fine ounce, off $0.09. Engelhard Corp. quoted a base price for Industrial silver of $5,525 off $0.11 and price for fabricated sliver products of $5,912 off $0,117. NEW YORK (AP) Gold futures trading for Friday: New York Commodity Exchange Open Hleh Low Settle CDs. GOLD 100 troy dollars per trey 01.

Peb 400.00 406.00 397.00 405.10 7.50 Mor 399.00 403.50 39100 4M.70 7.50 Apr 402.00 409.50 400 00 406.90 7.70 Jun 409.00 413.50 404.00 412.70 7.60 Aua 40 00 417.50 400.00 41 50 7.90 Oct 411.50 411.00 411.50 420.10 7.90 Dec 415.00 424.20 415.00 423.80 7.90 Feb 422.00 421.50 418.00 427.70 7.90 APT 422.00 430.50 422.00 431.60 7.90 Jun 425.00 425.50 425.00 435.50 7.90 Aug 420.00 420.00 421 00 439.70 7.90 Oct 432.00 43100 432.00 444.10 7.90 Dec 441.60 7.90 Est. soles 60.000. Thu.i soles 40.745. open hit 136416, oft 1707. Ago Jon Prime rote 7.50 7.50 Fed discount 5.50 5.50 Broker loon rate 6 75 4.75 3-mo.

Treasury 5.69 5.45 6-mo. Treasury bills 5.75 5.4 9.50 7.50 9.00 7.0S 7.30 5-yr Treasury notes 4.70 6.56 unov. 1.10 .20 soles 18,144. open Int 84,93, up 2,883. SOYBEAN MEAL IN tons; dollars per ton Mor 142.80 145.00 142.50 144.20 May 139.60 140.50 139.20 140.00 Jul 138.20 139.20 138.30 138.70 Au 138.00 138.80 131.00 131.30 Sep 137.80 136.50 137.50 138.00 Oct 137.30 136.50 137.30 138.00 30-vr.

Treasury bonds 7.47 7.42 unov. MuncipolBBI 20 6.54 Jo (.05 Source: Merrill Lynch .50 JO DOC 138.50 138.70 1 1J9.00 Jon 139.00 139.00 139.00 139.50 CHICAGO (AP) Futures trading Thu hk Government Securities May Jun Jly Aug Aug See Oct on ttw Chicago Mercantile Exchong open Int 64,028. up 339. Friday: cattlT" Hh c- Futures Options 466 lbs. cents per lb.

New York (UPI) Closing U.S. Treosury Bills for Friday. Direct Cattle Sales OMAHA (APXUSOA) Eastern Nebraska feedkrt quotations Friday: Soles Confirmed: 4600, lost Friday 5,100. Live Sales: steers ond heifers steodv to firm; steers 1200-1350 lbs. 62.0043.00; belters 1000-1200 lbs.

61.0042.00. Oressed Basis: steer 600-900 lbs. 9.00-tOO.OO; hellers 500-800 lbs. 97.00-98.00. Carlot Meat DES MOINES.

Iowa (AP) (USOA) Central U.S. meat trad on Friday: Boxed beef movement and demand light to moderate. Supplies moderate. Price mainly unchanged, some firmness on round cuts ond weakness on loin cuts. Beef trimmings firm In a light test.

Estimated gross boxed beef cutout value of choice 2-3 550-700 lb carcass down .02 at 98.22, 700-850 lbs down .06 at 97.42, good 2-4 carcass up .17 at 96.20. Prices based on 95 toad of boxed cuts ond 11 loads of beef trim and boneless processing beef. Choice 3 good steer ond heifer carcasses steady, choice 4 and holsteln-type not established. Demand limited, movement slow early, at a standstill late on moderate supplies. Sales reported only 28 lood of steer and heller carcasses.

Steer carcasses choice 3 600-900 lbs 92.00; eood 1-3 600-900 lbs 19.00. Heifer carcasses choice 3 550-600 lbs 90.00; good 1-3 550-700 lbs 88.00. Cow carcasses: 13 loods. Prices steady to 2.00 higher, advance on cutter. Lot demand turning rather light.

Boning utility 1-3 500 ttw and up 76.00. Cutter 1-3 350 lbs ond up 13.50. 400 lb and up 65.00-67.00. Fresh pork loins 14-11 lbs steady to 2.00 higher. Skinned hams 1 higher.

Seedless bellies steodv to JO higher. Trade slow to moderate for light to model at demand. U.S. No. 2 175 lb hoe carcass cutout advanced t.41 to on estimated 64.66 per hundredweight.

Sale reported on 20 loods of pork cuts. Frash pork loins 14-11 ttw 93.00-100 00, 11-22 lbs 98.00. Skinned hams 17-20 lbs 65.0048.25, 20-26 lb 64 36-32 lb 64.25. Seedless belli 13-) lbs 64.5045.00. 11-20 lbs 54.00.

Lincoln Grain Range of cosh grain price gold to farmer by country elevators In ttw Lincoln area os of 2:30 p.m. Feb 61.90 63.60 61.85 63.57 1.35 TURK. Oil. OUT OTOIH Apt 61.45 62.95 61.33 63.17 1.30 UPitons rn Jon. 30.

Ave Nov Feb Nov Feb Way Aug- NOV MOV Aug Jun 59.90 61.17 59.70 61.02 Aug 57.85 58.85 57.80 56.80 Oct 56.50 57.55 56.40 57.37 OMAHA (APKUSOA) Omaha Livestock Market Quotations Friday Hogs: Barrows and gilts under 350 lbs higher; 250-300 lbs. 1.00-1.50 Higher. Active otter slow opening. U.S. 1-3 215-240 lbs.

51.00-51.25, 200 Heodot 51.25; uneven wts 205-240 lbs. 49.50-S0.50; U.S. 2-3 240-260 lbs. 50.00-50.50; U.S. 2-4 250-270 lbs.

49.00-50.00; 270-280 lbs. 41.00-49.00; mostly 48 U.S. 3-4 280-295 lbs. 46.50-46.00; small lots 315-360 lbs. 42.50-44.00; sows: steady to 1.00 higher, advance mainly over 500 lbs.

U.S. 1-2 350-600 lbs. 41.00; 400-450 lbs. 41.00-63.00; 450-480 lbs. 43.0044.00; S.

1-3 500-650 lbs. 46.50-47.00, Many 47.00; CottK and Calves: SO; not enough ony class on offer to establish market. Steers: Closing sales choice 2-4 1050-1350 lbs. 60.50-62.00, Lood 62.25; heifers: Closing sol choice 2-4 950-1150 lbs. 59.50-61 .00.

Sim City SIOUX CITY, Iowa (AP) (USDA) Sioux City livestock on Friday: Hogs active, barrows ond gilts higher, many higher. U.S 1-3 210-240 lbs. 50.50 to mostly 51.00; 240-250 Iks 50.00-50.50 U.S 3-1 250-260 lbs. 48.75-50.00 mostly 4V.50-50.00; 260-270 Iks 47.75-48.75 U.S 3-4 270-280 bis. 46.7547.75; 280-300 Ik 45.50-46.7S U.S 4 300-340 lbs.

43.75-44.00. Sows: 300-500 Iks 50-75 higher; 500-650 lbs. 1.50 higher. U.S 1-2 300-500 lbs. 43.50-44.00 U.S 1-3 500450 lbs.

47.50-48.00 Boars: Not established. For the week: Borrows and gilt 50-175 higher. Sows 300-500 lbs. 1 higher; 500450 lbs. 2.50 higher.

Average weight barrows and gilts first 4 days this week near 247 lbs. Cornaored to 249 lbs. ost week and lost year. Sow percent first 4 days this week near 11.6 Compared to 12.3 lost week and 14.1 last yeor. No Cottle.

St. JO6l tfo. (AP) Quotations for Friday: Hogs 1,200: Barrows and gilts under 260 lb higher, over 260 lb unevenly steady to 1.00 higher; 500 lb. Bar-rows and gilts 1-3 210-260 lb 50.00-50.50, 30 head 50.75; 2-1 260-280 lb 00; W330 lb 45.00. Sows under 500 lb 54.00, over 500 lb 50 higher; 1-2 300-450 lb 41.00; 450-SOO lb 42.00; 1-3 500-640 lb 45 JO.

Kansas City grain KANSAS CITY, MO. (AP) Wheat 23 cars: Vi tower to 1 higher; No. 7 hard 2.73W3.12n; No. 3 2.62VV 3 llVm; No. 7 red wheat 2.96V-3.03Vi; No.32.85V-1.02Vjn.

Com cor: Unch to 46 tower; No. 2 whit 2.45-l65n; NO. 3 2.10-2 60nj. No. 2 yellow IJ2V-lJ8Vin; No.

3 1.32V-1.S7Vin. No.2mllo3.5v-2.61n. No. I soybeans 4.11 VMJMVin. Hoppers 50.00-52.00.

MOV 14 May 21 May 20 Jun 4 Jun 11 Jun II Jun 25 Jul 3 Jul 9 Jul 16 Jul 21 Jul 30 Aug 6 I Oct 1 Oct 29 Nov 27 Dec 24 Jan 31 el $.41 $.57 5.50 $.56 5.56 552 5.56 5 54 5.57 5.55 5.57 5.53 5.55 5.51 5.59 5.57 5.59 5.57 5.59 5.57 5.44 5.40 $.59 5.57 5.41 5.59 5.60 56 5.65 $63 5.64 5.62 5.66 5.64 5.64 5.62 5.40 5.51 Is 3001 114 20)1 15s 2001 14US20O2 11H4 30D2 1012003 104 2003 111 2003 1112003 12H4 20M 1112004 11444 2004 mm 12s 2005 1012005 94 3006 7H4 2007 79W2007 11 2001 04X00 (Mint Bkf Ask DISCOURt 5.45 5.35 5.31 5.27 5.33 5 29 5 32 5.26 5.52 5.46 5 52 5 41 5.56 5 52 5.57 5.53 5.57 5.5$ 5.50 5.54 5.60 5 9 5.62 5.60 5.60 1.51 539 5.57 Maturity Peb 5 Feb 12 Feb 19 Feb 26 Mor 5 Mor 12 Mor 19 Mor 2 Apr 2 Apt 9 Apr 16 Aor 23 Apr 30 May 7 Dec 56.90 57.80 56.90 57.75 Feb 57.10 57.50 57.10 S7J0 Thu.lsoles 25,711. open Int 73,739, off 543. FEEDER CATTLE 44,00 cents per lb. .01 5.27 .02 5.41 .01 5.20 5.57 .01 5.54 5.57 XI 5.61 .02 5.61 .03 5.61 .01 5.71 .01 575 .02 .01 5.15 5.00 .01 5 65 .02 5.70 .03 5.94 .01 .01 5.17 .01 5.65 .01 5.92 .01 3.95 Jt 5.95 .01 5.95 .02 6.03 .03 6.01 .01 $.77 J)1 6.07 .03 6 09 .01 6.07 Bl 6.09 .01 6.00 .02 6.11 JO 6.00 .03 6.09 Nov Oec Jan Feb Mar Apr May Jun Jly Aug Aug Sen Oct Nov Nov Dec Jon Feb 1.02 corn bu, cents per bushel .88 Strike Calls-Last Puts-Lost .87 Price Mar May Jul Mar May Jul 5 150 V4 14V) 4 2 IV 160 TV) 12 4 4V) 4V) 170 Ve 3V4 6 14 9 Prev. day om Is vol.

652 Open Int. 29,761 Prev. day puts vol. 386 Open Int. 11204 Vl.10 SOYBEANS SV6H DM, centi per bd .75 Strike Calls-Lost Puts-Lost 45 Prlc Mor Mov Jul Mar May Jul .70 47S 2S 2SV) 27 2 4V 500 3V4 7V4 VO 314 IV) 12 S2S I 4 25 30 Prev.

day colls vol. 1.51 1 Open kit. 32,177 Prev. day puts vol. 113 Open mt.

11 11 Mar 44.7V 67.95 66.72 67.95 Aug Feb Feb Apr 904.03 W4.lt 149.03 144.11 169.31 17007 157.11 157.30 134.11 134.26 126 30 137.06 127.01 127.09 130.22 130 30 137.24 ID 00 142.30 141.06 156.29 157.05- 116.16 136.34 105.03 105.10 140.15 140 23 120.11 121.30 116.19 116.27 100.07 100.15 102.20 102.2 106 03 106.11 109.09 109.17 112.27 113.0 124 02 124.10- 136.30 136.30-131.09 131.17 146.15 146.23 157.33 157.30 159.21 159.29 125.17 125.25 141.23 141.37 154.21 155.04-147.15 147.19 141.04 141.00 139.21 140.00 133.02 113.10 134.24 125.00 111.22 111 10 96.11 96.16 100.01 100.12 65.90 67.00 65.85 67.00 64.50 65.35 64.50 65.35 63.70 64.45 63.70 64.45 63.05 63.60 62.80 63.75 62.90 63.70 63.80 63.55 63 25 62.25 3J0 63.90 May Aug Sep Oct .90 7.16 .16 7.61 .23 7.71 .16 7.71 .16 7.76 .16 7.76 .16 7.77 .11 7.77 .11 7.70 .11 7.79 .11 7.74 .11 7.71 .13 7.61 .15 7.79 .16 740 .15 7 41 .15 7.57 .13 7.56 .16 7.69 .31 7.73 3 7.74 .19 7.13 JO 7.M Jl 7.77 .22 7.93 J9 7.95 .36 7.94 .30 7.14 .26 7.92 Jl 7.94 .24 7.91 Jl 7.14 .14 7.74 .11 7.71 .15 7.70 .15 7.42 .90 7.55 .10 7.47 i el New 111.03 111.07 107.00 107.04 116.01 111.05 100.13 100.17 117.01 117.06 106 29 107.01 113.01 113.06 99 24 99.20 110.19 110.23 115.19 U5.3S- 104.29 105.01 110.17 110.21 112.02 112.06 1W 00 102.04 111.04 111.00 113.27 113.31 103.00 102.04 112.15 112.19 110 00 110.04 112.23 112.27 100.12 100.16 115.19 115.33-109.33 109.27 120.22 120.26 99.31 100.01 117.05 117.09- 101.11 106.15 120 07 120.11 105 00 105.04 121.10 126.14 126.10 126.14 102.25 102.29 131.06 131.10 121.17 121.21 99.01 99.05 13000 130.04 119.21 119.29 99 20 99.24 137 39 133.01 130 21 121.06 129.22 129.26 115.12 115.16 11231 113.03- 116.26 116.30 106.19 106 23 111 25 11129 101.39 102.01 115.23 115.36 101.10 101.16 124.30 125.02 100 II 100.22 134 36 124 100.06 .04 4.39 .06 6.39 .07 6.37 .05 6.39 .05 6.42 .05 6.45 4.47 .05 6.43 .05 4 46 .07 6.40 .03 6.45 .04 6.47 .06 6.51 .06 6.49 .05 6.54 .06 6.57 .06 6.54 .05 4.61 .07 6.61 .06 6.61 .05 6.59 .04 6.64 .06 6.64 .00 6.61 .07 6.63 .07 4.70 .06 4.69 .06 6.73 .07 6.73 .06 6.74 .00 4.77 .01 4.7$ .09 4.74 JB7 4.79 .05 4.71 .00 4.77 .09 6.63 .01 6.6$ .07 6.77 .10 6 92 .10 691 .00 6.93 .01 1.90 .04 4.94 .09 4.91 .06 6.97 .07 6.97 .05 6.97 .09 7.03 St 6.99 7.06 .01 6.91. NOV 111 199 9419(9 14V14 1969 6419(9 134 1919 94 1919 11914 19(9 64 19(9 104 19(9 134 19(9 1619(9 I0V 1990 111 1990 71 1940 lOVrt 1990 1111990 74 1990 104 1990 94 1990 104 1990 661990 119141910 94641990 13S 1990 66 1990 116 1991 91 1991 121 1991 VWI991 14W1 1991 131 1991 7V 1991 141 1991 121 1991 4V1S1991 141 1991 111 1992 611992 141 1992 1111992 131 1992 104 1992 911992 lOUil 1992 111993 101 1993 74 1993 10VM 1993 7Uis 1993 111 1993 711993 1111993 76 1994 Sublect foxes. Source: York. 101.22 101.74 101.25 101.29- 102.00 102.12-100.31 101.01- 101.01 101.05-101.36 101.30 101.14 181.18 103.11 103.15-104.01 104.07 101.20 101.24- 101.30 102.03- 103.00 101.12- 102.01 102.05- 101.00 101.12 103.24 103.29 105.01 105.05-101.29 102.01 101.20 101.24-104 10 104.22 106 106.04- 101.31 102 03 104.00 104.04- 104.00 104 12 101.31 102.03-101.03 101.07 106.15 126.19 100.13 100.21 100.17 100.21 102.16 102.20-104.16 104.20- 104.20 104.24-101.06 101.10- 101.02 101.06- 109.29 110.01-110.22 110.24 100.10 100.22- 104.21 104.27 106 06 106.10- 99 26 99.30-100 OS 100 09- 107.30 106.02-11422 114.30 100.05 100.09 104.03 104.07-)03.3 104.01-109 04 109.00-99 29 100 100.00 107.22 107.26- 115.06 115.10-99 20 99.22 103.01 103.07 109.14 109.16 109.21 109.25-116.05 116.09- 100.31 101.0V-105.30 106.06- NEW YORK (UPI) Closing Over-trie-Cowrtw U.S GowhwwoI Trvowry Bonds FrWoy. Prices eueted dollars ond 32nds.

Bid Ask dm Ykf Trvu.ssolesl.141. open Int 03K up 10S. HOGS 30.004 lbs. cents per lb. Feb 49.8S 50.62 49.7S 50 12s 1907 May 12Vis 1917 May 14S 1917 May 9V6S 1917 Mov IVis 1917 Jun Wvis 1917 Jun 14 1967 JIV 12s 19S7 Aug 139 1917 Aug I'M 19(7 Aug 94 1917 See 11VH1967 Sw lW1917 Oct 744 1917 NOV 114 1917 Nov 1246s 1907 Nov IMS 1917 Nov 794S1987 DtC 116 19(7 OK 121 19tt Jon Vks 19H Jon 10VM 19M Fib 104 19N Feb 19(0 Feb Ties Mor 12s 1946 Mor 13US 19H Apr 6HS19M Ar SW! 191 May 96 194 May 10s 19H May 7V4S196S May 7s Jun 13946 19(0 Jun 111 I9M JIV 64ks 19(0 Jly 9VH 193 Aug tovii 190 Aug 6vi 19S) Aug 61 vm Sep 114 190 See 1949 Oct 64 1960 Oct 04 NOV 11 1960 NOV 111 1960 NOV 6US 1946 NOV 61 1986 Oec 104 1941 Oec 14s 19N Jan 46 19(9 Jon Is ten Feb 116 19(9 Feb 114 1919 Mor 146 19(9 Aor 66 19(9 Mov 9U.6 1969 May May Jly Aug Aug Oct JVrtttej Peb IMS 190 May 419 17 92 Aug JS' HE" VORK (AP) CM.

Merc. U- 9 vest. Options Jon. 30. J2 CATTLE 41,601 Ibs cents per to.

.65 Strike Coils-Lost Puts. Lint Apt Jun 7s 1992 Aug Aug Mov Aug 101 2009 1112010 101 2010 114 2010 11944 2011 14S 2011 104 2011 12s 2013 13s 2014 12VM 2014 114 2014 114 7015 104 2015 94 9V.J 2014 7U.4 3016 7VH30I6 Source: 4s (Mi 95.11 H.01 4.91 I0O1 105.07 JJ7 4.46 95.01 96.01 5.01 102.13 102.20 .09 6.47 95 03 96 02 .60 4.74 99.21 100 04 .10 4.72 104.14 MM 34 .06 4.90 101.12 101.20 6.37 rM 101.16 6 91 104.15 101 23 6 .19 110.11 110.36 .09 7.03 95 04 96 049 .01 4.74 45.17 46.00 45.10 45.97 47.20 47.85 47.15 47.12 47.00 47.98 47.00 47.70 44.47 44.90 44.45 44.67 40.50 40.80 40.42 40.70 41.30 41.50 41.15 41.15 40.80 40 80 40.55 40.60 .27 Prlc Apr Jun Aug Apr Jun Au Feb Feb Aug )U 1991 rt i99j 7VH934 Jul Aug Oct Dec Feb SI .13 .23 .10 5.10 4,00 182 0.22 1.05 105 342 177 1.92 1 55 I SO 3.10 110 1 12 1.25 1.22 180 r- 5 99 44 1.15 1.15 0.77 2.27 4.07 I Prev. day colls vol. 136 Open Int. 19,997 Prev.

day puts vol. IJU Open Int. 27,141 SHI 1991 9s 1994 4VSS 09-94 66 1994 10V4S1994 IS 1995 WWS 1995 Feb May Aug Nov Feb Feb Apr 55 3.70 35 31.60 Thu.lsolesl.llS. open int 27,444, eft 980. PORK BELLIES 48 lb.

cents per tb. Feb 63.25 65.20 63.25 45.10 Jon Feb Feb Apt May Jly Oct Nov Jon Feb Aor Mov JIv Aug Oct NOV Jan NEW YORK IUPI1 Closing Treasury notes tor Friday. Prices 106 1995 MOV 129UI99S MOV gaiore eno sows. Ask On YM .02 6.20 .03 6 31 .02 6.20 .03 6.11 .03 6.33 JI3 4.25 .03 622 4.14 .05 4.29 .04 6.29 .05 6.39 .06 6.36 .06 6.33 .04 6.35 .04 4.30 185 1.85 1.23 .97 1.10 .15 109.14 109.36 .10 7 0S 117.22 117.30- .06 7.09 95.04 94 04 .03 1.56 120.00 120 00 .10 7.14 111.16 120.01 .05 7.11 133 23 133.30- 7.13 127.19 127 27 .90 1.17 90.30 9906 7.11 94.X 9510 i 106 23 107.07 .11 7.21 102 29 101.0$ .11 7.11 106.04 106 11 .11 7J6 115 01 136.09 .11 7.61 146.23 I46JI .16 7.66- 9t 1967 Peb 63.60 64.50 62.48 64.40 63 30 64.70 63.15 44.45 42.05 63.35 61.90 63.17 60.30 61.50 60.20 41.70 S7.7S 51.93 57 JO 57.9 S7J0 Jul Aug Feb tOe 1997 Ftb HOOS 3M0 ts cents per K6, Strike Coils-Last Puts-Last Prlc Aor Jun Jul Apr Jun Jul 46 1.40 3.30 3 30 1.42 1.40 1.60 48 0.65 2.00 130 167 130 SO 0 30 130 1.47 4J0 3.47 52 0.10 0.75 Pre, dov colls vof.106 Open Int. 1233 Prv.

day put vol. 131 Open Int. 2,29 11VH NO 71 91-91 May 1VH199I NM 0v 94-99 Mov 79 303 Feb tttexno Aug 116 2001 Fit) 136 3001 May 3 3 146 1.27 1.41 2.24 137 4.40 4.53 1.20 1.30 100 03 100 04 .01 495 100 04 WO 06 J)l 4.67 100 07 100 09 3.60, ISO 07 100 09 JJ1 547 100 30 100.24 .03 IS 100.23 100.77 .01 5.04 100.31 101.00 .03 $.35 Wheat No. 3 Cora No. 2 yellow MikNo.2Cwt.

Soybeans No. 3 to Feb Feb Mar Mor 10X66 but 1741917 994 1917 10s 19(7 106 1907 961917 Ttw. soles 4,071, Thuiopen Int IL42, off 507. Federal Reserve Bonk of New.