Enterprise-Journal from McComb, Mississippi • 9

Thursday, Aug. 28, 19S6 McCOMB ENTERPRISE JOURNAL 9 Wednesday'i NEW YORK (AP) clu6ing stock quotes: Hiel 374 38 544 544 584 584 1404 1414 Last 574 334 344 614 614 504 504 434 434 544 564 824 824 494 494 694 694 64 64 Oil stocks dominate market in moderate day of trading Low 564 49 33 37 294 93 gl, 884 149 84 84 314 514 164 34 324 52 164 34 57 574 68 684 784 IV'i 81 814 524 53 724 73 424 424 634 64 28 284 464 464 254 264 144 144 204 214 264 27 1144 1154 764 764 48V, 49 36V, 364 99 994, 324 34 28 28V, 64', 6S 344 614 504 444 564 834 504 84 574 694 694 36 244 424 454 634 244 604 774 76 784 38 544 59 142 704 64 324 534 164 34 654 494 71 234 664 594 1024 1134 374 74 51 38 484 494 694 704 224 674 694 354 354 244 244 42 424 454 454 624 634 234 24 594 594 654 574 574 994 1014 Comw tdis ConAgra Crown Zell DeltaAirl DowChem duPont Duke Pow EaslnAirL EslKodak EatonCp Exxon FPL Grp Firestone FstWachov Fla Progress FordMots Fuqua GTE Corp GenCorp GnDvnam GenElec Gen Mills Gen Motors GnMotr GenuPart GaPacif Goodrich Goodyear Grace Co GtNorNek Greyhound Herculeslnc Honeywell ProctGamb QuakerOatg KJR Nab RalstnPur Rockwei Scott Paper SealedPwr Sears Roeb Shaklee Skyline Cp Sony Corp Southern Co SwstBell ISoCp Stevens JP TRW Inc Texaco Inc TexEastn USX Corp UnCamp L'nCarbae I'SWest Unocal WalMart WestPtPep WestghEl Weyerhsr WinnDix Woolwrth Wrigley Ht'A ITT Corp Ing Rand IBM Int Paper IntlRect JamesRvr mart KaisrAlum KanebSvc KrogerCo Lockheed LoewsCp McDermlnt McKesson Mead Corp MercantSt MinnMM Mobil Monsanto NCNB Cp Nat Distill Navistar NorflkSou Nynex OlinCp OwensIU PacTel Penney JC PepsiCo Phelps Dod PhilipMor PhilipPet Polaroid 794 814 544 734 434 644 284 474 264 144 214 274 1164 764 49 364 994 344 284 194 544 224 62 224 47 534 584 374 504 444 51 584 AMR Corp AbbottLab AllisCbalm Alcoa Am Baker AmBrands Amer Can Am Cyan Amentech AmlntGrp Am Motors AmStand Amer Amoco BellAUan BellSouth Beth Steel Boeing Boise Cased BoiseC pfC Borden Burlngt Ind CSXCp CaroPwLt Celanese Champ Int Chevron Chrysler CocaCola Colg Palm 5Mt 34 94 89, 88' 1304 1394 2 374 244 694 77 674 84 61 60 54 nt 38 314 424 2254 274 45 414 39 404 1124 1124 364 374 73 734 504 504 4 77 374 304 934 874 884 1494 1374 24 374 234 69 76 664 84 604 60 54 474 374 31 424 225 264 444 414 384 404 75 754 774 774 354 38 874 874 74 1374 24 374 234 67 754 664 84 594 58 53 464 374 304 414 222 264 44 404 38 404 74 184 194 53 544 214 22V, 61V, 614 834 724 834 714 46 434 22 224 464 46 44 46 53 53V, 88 74 404 454 36 394 334 514 564 314 56 734 604 604 774 784 li't V4 384 39i, 444 454 354 354 394 394 334 334 504 514 554 56 31 31V, 554 56 72 724 724 464 444 61 794 324 204 774 104 The Labor Department reported that the nation's efficiency in producing goods and services declined in the second quarter of 1986. It said non-farm business productivity fell at an annual rate of 0.5 percent. Oil stocks supported by optimism that OPEC would1 be able to uphold its agreement to cut production and by slightly firmer crude oil prices littered the most; active list. iA Texaco was up 134 at 34, Mobil, up 3K at Occidental Petroleum, up l's at 2958, Chevron, up 34 at; 44, Philips Petroleum, unchanged at 10'4, and Exxort, up 1 at 69.

Amoco rose 21 to 69. The group of stocks had risen on Tuesday, as well. i Other actively traded issues on Wednesday were the; blue chips down V8 at 237a, and IBM, unchanged at 141 Vs. UAL jumped 278 to 58 because it apparently is ntf longer interested in acquiring troubled Frontier Airlines' from People Express. 314 314 574 574 364 374 504 50, 444 444 20 76 10 204 764 104 504 58 674 684 Aerox cp NEW YORK (AP) The stock market held steady in moderately active trading Wednesday, simmering a day after a strong rally.

Although stock prices failed to sustain the upward momentum of Tuesday's session, they did not give up any of their large gains, either. Oil stocks dominated the day again. The Dow Jones average of 30 industrial stocks edged up 0.28 to 1,904.53. That left the index less than 5 points short of its record. Gainers outpaced losers by 6-to-5 among New York Stock Exchange-listed issues.

On Tuesday, the Dow Jones average spurted more than 32 points, propelled by the nation's major banks cutting their prime rate to 7.5 percent from 8 percent and by computerized buying programs. The average set its record close 1,909.03 on July 2. The Big Board's own index set a record Tuesday. Wednesday's session did start out strongly, with the Dow Jones average rising more than 7 points in the first hour of trading. But it quickly fell back.

And its low point came at noon, when the average was down more than 5 points. Market watchers said they expect buying and selling interest to peter out as the long, Labor Day weekend approaches. There was some negative economic news on Wednesday. Sale of Louisiana TV station completed selling price for the station and its Appeals in New Orleans rejected a move by G. Russell Chambers.

Other big gainers were Honda Motor, up 334 at 76' Morgan Stanley, up 2 at 74a4, Boise Cascade, up Vk at LAKE CHARLES, La. (AP) The sale of Lake Charles television station KPLC to by Calcasieu Television and Radio Inc. to Channel Communications, a subsidiary of Nasco Inc. of Nashville, has been completed, attorneys say. U.S.

District Judge Nauman Scott earlier this month ordered the sale completed by Aug. 26. Scott ruled after the U.S. 5th Circuit Court of assets was million. Chambers had refused to go through with the sale to NASCO after he changed his mind about selling the station.

After a non-jury trial, Scott ordered CTR to sell the station. Chambers' appeal to the 5th Circuit was denied, and final steps in the sale, begun Tuesday, were completed Wednesday. president of CTR, to halt the sale. John B. Scofield, Nasco attorney, said appeals filed by Chambers aimed at overturning Scott's earlier court ruling ordering CTR to sell the station to Nasco have been dismissed.

The initial contract to buy the NBC affiliate was signed Aug. 9, 1983. The 60, Dow Chemical, up at 56V4, Polaroid, up l'g at' 68. On the downside, Upjohn fell 2 to and Holiday fell 1 to 62'8. The NYSE's composite index rose 0.25 to 145.41 setting a new record for the second day in a row.

7 i Lit IS I I 11 1 IrH I LV I rf i a- 3 BIG HQ'S 110 Down Payment U0 Interest Till October 110 Payment Till Octsbcr 4 -s a'Jfijlf mm 311 A CAI A Brand Name Inventory Mow On Sole! tt w- lysJL 1 1 Doubts keep oil futures prices mixed By The Associated Press Oil futures prices made an effort af rallying Wednesday, but wera undercut by doubts about Norway's, willingness to cooperate in cutting back the world's oil production. At the end, crude oil futures on the," New York Mercantile Exchange; were narrowly mixed. Leaded gasoline and heating oil were lower on industry data showing a buildup in stocks. West Texas Intermediate crude oil settled 6 cents lower to 3 cents higher with the October contract at $15.79 a barrel; heating oil was .19 cent to .88 cent lower with September at 42.64 cents a gallon; and leaded gasoline was .51 cent to 1.04 cents lower with September at 44.70 cents a gallon. Livestock futures moved higher on the Chicago Mercantile Exchange, a Live cattle settled .05 cent to .60 cent higher with the October contract at 60.45 cents a pound; feeder cattle were .17 cent to .40 cent higher with September at 63.02 cents a pound; live hogs were .37 cent to .62 cent higher with October at 57.65 cents a pound; and frozen pork bellies were .38 cent lower to .10 cent higher with February at 73.42 cents a pound, i Grain and soybean futures prices were generally a little higher! although the nearby bean contract lost about a nickle on the Chicago Board of Trade.

Wheat settled Vi cent to 1 cents higher with the September contract at $2.48 a bushel; corn was Vz cent lower to l'4 cents higher with September at a bushel; oats were cent to 2 cents higher with September at a bushel; and soybeans were 5 4 cents lower to 23,4 cents higher with September at $4.75 a bushel. Coffee futures were higher mostly by the 6 cents a pound daily trading limit on the Coffee, Sugar and Cocoa Exchange in New York. The December contract, for which there is no limit, advanced by 6.15 cents. Analysts said the runup was mostly on technical market factors. Settlement prices were 5.59 cents to 6.15 cents higher with the September contract at 201.50 cents a pound.

Bank of Miss, acquires 7th largest bank JACKSON, Miss. (AP) The state's fifth-largest bank, the Bank of Mississippi, has signed a merger agreement with the state's seventh-largest bank, First Mississippi National Bank of Hattiesburg. The two had been working on a merger since May 1985, when the Bank of Mississippi won a three-way battle to gain control of First Mississippi National Bank, which was then experiencing financial difficulties. On Wednesday, the boards of both banks agreed to exchange Bank of Mississippi stock for First Mississippi National stock. The Bank of Mississippi, based in Tupelo, will be the survivor, making it the state's fourth-largest, with about $1.1 billion in assets.

The Bank of Mississippi will pav about 1.5 times the book value oi First Mississippi National about $30 million based on Bank of Mississippi's $42 closing price on Wednesday. "This figure came as a recommendation from our analysts and, when you figure price-to-earnings ratios and other factors, that's the price they got. It was agreeable to everyone," said Harry Baxter, Bank of Mississippi senior vice president. Majority shareholder approval from both banks is needed. Regulators must also approve.

The banks said the marger should be complete before year's end. The wildcard in the proposed merger is Thomas Colbert, a Forest banker who has lost two attempts to gain control of First Missis A HOW DOES IT WORK? VERY LOOK FOR THE REGULAR PRICE TAGS THROUGH- OUT THE STORE. DIVIDE THE PRICE MARKED ON THE ITEM BY TWO AND TAKE IT AWAY PLUS HOME FURNITURE'S 12 PRICE SALE SHOCKS SOUTHWEST MISSISSIPPI AND LOUISIANA. RELIEMBER YOU CAN GO MORE THAU A FEW FEET WITHOUT RUriHING LI IHTO A Vi PRICE TAG. THESE ITEMS ARE OH SALE AT Vz PRICE: I 14.

ftl i LIVING ROOM SOFAS OCCASIONAL CHAIRS DECORATOR CABINETS WOOD DINING TASLES MATTRESSES BOX SPRINGS FAMILY ROOM SOFAS LIVING ROOM LOVESEATS LIVING ROOM TABLES FAMILY ROOM CHAIRS LOUNGE CHAINS ENTRY HALL CAErrS SUITES CURIO CASKETS GAME TASLES BOOK CASES HOME DESKS BEDROOM SUITES LIVING ROOM SECTIONALS TEEN FURNITURE OAK REPRODUCTIONS RED HOT PRICES HROUGHOUTTHE STORE. 1 Virtually Every Item For Your Home On Sale at Vj Price. Lamps, Appliances and TV's not Included. mMC in 5 111 II JFM II ti II MM 1101 Delaware Avenue P.O. Box 64, McComb (Next to the Hollywood Shop).

Phone 684-1591 111 North Jackson, Brookhaven Phone 833-5371 181 8 West Thomas St. Hammond, La. lllIilJFiiiiW IVatorbed Gcllcry Of! 504345-8156 WttSI ILLA LAV. HAL.