The Salina Journal from Salina, Kansas on May 8, 1997 · Page 16
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The Salina Journal from Salina, Kansas · Page 16

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Thursday, May 8, 1997
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C4 THURSDAY, MAY 8, 1997 Money THE SALINA JOURNAL T ECONOMY Survey points to interest-rate hike BRIEFLY Markets shoot down after beige book reports of tight labor markets and high factory activity By The Associated Press . WASHINGTON — Tight labor markets, very high levels of factory activity and fierce competition among business lenders characterize economic conditions across the nation, the Federal Reserve said Wednesday. . The survey of regional economic conditions, issued less than two weeks before a key policy meeting, supports but doesn't guarantee a central bank decision to raise short-term interest rates for the second time this year, economists said. . "It's 50-50 or perhaps slightly better that we'll get another quarter-point tightening .move," said economist David Jones of Aubrey G. Lanston & Co. in New York. "If we don't get it in May, then we'll get it in July." . The central bank's policy-setting Federal Open Market Committee is scheduled to meet May 20 and July 1-2. At it's last meeting, on "I don't think we're at the point where inflation is dead and we'll never see it again." Jack Guynn Federal Reserve Bank of Atlanta president March 25, it raised the benchmark federal funds rate, charged among banks on overnight loans, by a quarter percentage point, the first increase in two years. Separate economic reports Wednesday showed a pickup in labor costs in the first quarter along with the best productivity growth in three years and a deceleration of consumer borrowing in March. Financial markets were disappointed by the pickup in unit-labor costs found in the Labor Department's productivity report. They advanced at a 2.7 percent annual rate, compared with a 2.5 percent rate in the fourth quarter. That could translate into higher product prices. The Dow Jones average of 30 industrial stocks, fell 140 points to 7,086. In the previous five sessions it had rebounded nearly 500 points to record highs. A voting member of the Federal Open Market Committee said Wednesday it is "absolutely critical" to keep inflation under control. "I don't think we're at the point where inflation is dead and we'll never see it again," Federal Reserve Bank of Atlanta President Jack Guynn told reporters in Boca Raton, Fla., at a meeting of the Bankers Association for Foreign Trade. The Fed survey, known as the beige book because of the color of its cover, said regional economies "continued to expand at a moderate rate." It noted that sales of cars and light trucks had "tapered off from very high March levels," that demand for consumer and mortgage loans was mixed and that retail prices in virtually all parts of the country remained "relatively flat." Those factors mean Fed officials probably don't feel an urgent need to clamp down on the economy, but they probably believe they must act at some point to prevent an inflation outbreak late this year or next, analysts said. NEW YORK STOCK EXCHANGE HUM Dk PE Vol. Lwl Chg. • A - A - ACNIelsn 31 3455 17% + 1% ADT 164818 28 — % AMR 10 6226 93 +1% APT Sat n 2951 12 — % ATaTs 1.321041382 32% —Y< Aames» .13 434234 11% t % AbtLab 1.08(2511994 62% -',* AccuStll 31 5007 21% — % AMD 22886 43H + % Aetna Inc .602312061 96% +% Agriumg .11 4715 13—5-16 Ahmans .8629 3360 39%— 1% AlrTouch 65 7445 24 !4 — % Albsrtsn .64(1711401 33% +% Alcan .6019 4287 34% — % AllegTeldy .6420 2606 27 — % AIIWrld2 1.42a X3328 13% — % AldSgnl 1.0420 4518 74% — 1% Allstate .96114 6475 65%— 3% Allwasle 36 3863 9 +3-64 •Alcoa 1.00(25 9420 70%— 1J4 Alza 25 5947 28% — % AmHes .60 27 5523 50% + % AmOnllne 28879 50 % + 1 % ABrand 2.0 18 4452 54% — % AEP 2.413x16990 40%— 1% Ampvn QO 1H 1flm 3 flfi 914 nmtxp ,yu 10 lUUlo 00 — dTa AGenCp 1.4 15 4402 43% — % AHome 1.642314586 7054 — % AmlntG .4020 8729 130%— 2 % AmSlores .6424 6309 48%— 1% Ameritch 2.2616 8473 6214 +% Amoco 2.815 6542 83%— 1 .AMP 1.0421 8851 36% + 1% .AmSouths 1.1216 4643 36 — % * Anadrk .3032 3916 60% +2% 'Analogs 2715945 27% + 1 'Anheuss .9618x11564 42% +% 'AnnTayl 2800 24% — % [Apache .2819 7572 33«,4 +W ApplMg 1039897 32% + 1% .Aprla 29 3175 17% — '/i ArchDin .20b 20x17266 18% +% AtlRlch 5.701 13 5654 143% — J4 "Autollvn 15509 35% — % ';AutoDt .4627 6851 47%— 1 , AutoZone 21 9549 24 — % Avatex 5727 1 % + % - 6 - B - BBNCp 8528 28 K — % BikrHu .462517526 35% — % nnillf OTHER INDEXES •• •••• ••^•••••^•i HP VsP If V STANDARD & POOR'S 500 INDEX STANDARD & POOR'S INDUSTRIALS /jOOO.OO NEW YORK STOCK EXCHANGE "f^ll^lp" OVER-THE-COUNTER EXCHANGE ' ' *" AMERICAN STOCK EXCHANGE CHANGE: -139.67 VOLUME HIGH: 7,225.32 NysE 4 p M REV)S ED VOLUME LOW: 7,075.62 NY SE AFTER-HOURS VOLUME SlookdatebymeAssodatedPresa NYS E CONSOLIDATED VOLUME Call COMMUNITY line TOTAL CONSOLIDATED ISSUES TRADED |:M.-f MM ISSUES HIGHER IN PRICE STOCK QUOTE /Category 9000 ISSUES LOWER IN PRICE RNANCIALS/ Category 7500 ISSUES UNCHANGED 10 MOST ACTIVE STOCKS 815.62 —12.14 959.83 —1 1 .74 424.95 —5.82 1322.91 —5.39 570.50 —0.01 497,565,604 3,014,396 613,858,290 3,363 854 1,683 826 NEW YORK STOCK EXCHANGE AMERICAN STOCK EXCHANGE OVER-THE-COUNTER Nsnw Volume Ust Chg. Name Volume Last Chg. Nsme ADT 164818 28 — % SPDR 23272 81 %— 1 13-16 Cisco Iomega s 64638 19 +1% Htsbros 12764247-16—3-16 3Com LehmBr 76154 38 + 3% EchoBay 12573 5% +3-16 Intel PhilMors X75718 41% — % JTSCorp 9247 1% — 1-16 ForeSyss GTE 67643 43%— 1% IvaxCp 8079 6% + % Mlcroitts MicmT 66811 37%— 1% VlacB 75052815-16 + 7-16 FdLloA Floor 53971 48 —814 FreqEI 8015 10% + % Ascend BayNtwk 53797 20% + % Nabors 5414 19% — % SunMics TransHosp 52429 15% +1% RoyalOg 4674 2% +5-16 WorldCms ATtTs 41382 32% — % GreyhndL 4516 3ft + % DellCpts ' BkNYs .9616 8001 3914—1 BankAm 2 441 (5 13487 114%— 4% CooprTr .3417 4253 22%—% Gap .3020 7673 31% +% LTV .1212 5399 13%—% BkBost 204(18 9315 7354—2 CoramH 3310 2% GaylEnt .4024 2707 21%—% LaOulnta s .0728 2759 22%—% BankTr 4011 4432 81%— 1% Corsln .2412 80 16% +% GenElec 2.082630076115%—! LaidlwB .1626 5437 13%—% Baraelts 10817 3542 49%— 114 CoreSIF 1.8817 5399 51%— 1% GnMIII 2.12(23 5847 62%— 1% LehmBr .241176154 38 +354 BarrickG 16(4515704 24% + % Comlngln .72b5811138 49%— 1% GnMotr 2.00818417 57%— 1% LlllyEII 1.443110123 87%— 2?4 BallMI 05 10437 6% +% CntwCrd .3211 3455 27% GM H 1.019 3904 5354—1% Llmltd .48(12 3176 18% Bsitsr 11343 5382 48% +% CresRE s 1.2233 3700 25%— 1 Gillette .86143 9708 84%— 1% LlncNatl 1.9612 2673 57!4 — % BayNtwk 4753797 20% +54 CwnCork 1.026 3478 54%— 1% GlaxoWel 1.31e20 4430 36%— 1% LlvngCtr 17 4659 36% +% BearSI .60b 8 9059 32% + % CypSem 41 9042 14% +% GlobM 1312594 18Y4— 1 LockhdM 1.613 5538 91%— 1% BellAtl 2.96(16 9802 68% —14 Cyprus .8024 4416 22% —14 Goodyear 1.1212 (3030 53*4 +14 Loewsn .1028 5846 29 —1% flellSo 1.441711212 44% —'/> - D • D • Grancre n 2724 7V< LoraISp 3177 14% — % BsntlCp 2.0813 1301 64%— 1% DR Norton .0810 5955 9%— 1V ( GrdCasn 13357 14% + 1% Lowes .2222 3795 38 — % BsrkHs* 19 1 110 39000— 500 DTE 2.0615 2604 27%—% GtWFn 1.06610261 43>,4 — % Lucent - .303217770 6154—% BsrkHB 1 341302—19 DBenz rt 15891 3-32 GreenTrF .301223359 28%— 1% -M-M- BeslBuy 6056 14 DalSem .1426 5441 38 « Groupe n 13659 5% +% MBNA s .4823 4733 32% — % BethSII 18361 9K +% DataGn 23 6177 22%— 1 GTelevsa .07 4011 24% t% MGIC .20119 3563 85% +% Bevrly 18 5789 14% — % DaytHud s .6423 4048 47% +% GTribasa 3351 5% MGMG 26 5109 39% +% BlackD 4815 3379 34%—% DWDisc s .5613 4164 38%— 1% Gtech 19 3406 3354 t% Magnal g 1.201 3296 55% t% Boeing 1122617196 96 —2% Deere .8015 7141 4614—1% Gucci ,30p 4167 6654 +% Mallnckr .6614 4242 36%—% BoslSc 3910629 52% +2 DeltaAIr .209 7919 94% +% Guldant .0330 3518 69%—% ManulHm 1.32(25 3451 21% BrMySqs 1.52(2317715 67%—% Dial n .3255 4332 17 +% GKCda g 3452 8 —14 Marrlotl .3224 3099 5614—54 • BrilStl 1 97e 4 4129 24% Diebold s .5023 4239 33%— 1% Gullstrm n 28 9055 28%—% MrshMc 3.619 5987120 — % ' BrwnFr .68 40096 30 + % Digits) 12325 30% — % • H • H • Masco .80 19 3072 38% ;Brnwk .5015 3810 29%—% DMIsrd .1615 1288 30%— 1% HFS 38 8076 60%—% Mattel .2453 4973 26%—% . Burllnds 15 2970 10% — % DlmeBcp .04e 16 2655 16% — % Halbtn 1.025 6684 70%— 1% MayDS 1.215 7808 45%— 2 BurlNSF 1.214 4792 78% —% Dlsnsy .5313011412 B0%— 1% Harman .2013 2996 38%—% McDerl .20 5007 1954 +% 1 BrIRsc .5518 8146 46 +1 DollarG s .2030 3152 3114—% HarrahE 14 6300 18H t% McDnlds .302418818 53% — V t 'ButlsrMfg .48111 182 34% +% DonLj .509 4085 45%—% HIIMgt s 32 4589 27% —54 McDnDg s .4816 3631 57%— 1% • C-C- Donlley .7621x2788 34% — % Hlthsth s 28 5734 20!4 —% MedPart 7125 16 1 * — % .CANTVn 2693 33% — % Dover .6815 4112 53V4— 1tt HeclaM 3225 5% t% Medtronic .383120009 66%— 1% i CNFTran .40b 20 5227 29% +% DowCh 3.011 7133 86%— 1% Helllg .2819 6494 15% +% MellonBk 2.64(16 3843 82%— 1% CPC 1.6422 7005 85%—% Dressr .6820 6201 30 —54 Heinz 1.1622 9345 42 — % Usrck 1.8M2721667 8814— 3% CSX 1.0412 7056 47% DuPont 2.5211612463107 —3% Herculs 1.013 8922 43% + 1% MercFn 2 6850 1% + 1-16 CUCIntls 5810131 23%—% DukeP 2.1214 5630 45 — % Hershey s .8031 2815 57% +% MerrLyn 1.60(12 6617 97%— 3% 'CVS Corp .44b49 6550 48% — % DunBrd s .8823 4146 25!4 — % Hertz n 2696 28% — % Mesalnc 73 2808 5% +% jCabllrns 2414667 36 — % -E-E- HewlPk s .482137332 53%—% MIcrnT 3366811 37%— 114 .Cadences 2516972 35 + « EMC 2418827 39% 1 1 '/< Hlbern .3214x2801 13 MidAmEn 1.215 3720 17 +% .CallGolf .2818 3134 31% + % EKodak 1.7624 6318 81%— 2 Hilton s .3233 6176 29 MldAtlan 3345 12% + % CampSps .7735 8365 49%—% Eaton 1.76(17 2611 78%—% HmeDep .243022794 58 —1% MillenCh n .60 2609 18%—% CdnPcg .48 4960 26% +% Edlsonlnt 1.01410444 21 54 — % Hmstke .203112421 14% +% MMM 2.12(24 9388 89V4 — % CarnvCp .4419 4358 38%— 1% Edwsrdi .72111 2733 37% +% Honywel 1.0823 4993 74% +% MlrRsrt s 2215107 22% +% Catelus 2932 16%—% EDS .604421110 37% t ',4 Hormel .6223 4195 2354—1 Mobil 4.2419 8567132 +% 1 Caterp 1.612 5517 92%— 2 EmrinEI i 1.0822 5933 52%—% HostMar 4808 17%—% Monsan s .6412914025 43%— 1% .CentEn .8012 3080 10%—% EmpDItt 1.2815 213 17%—% Houshlnt 1.5616 6753 87%— 154 MS Asia .26e 3442 10%—% • CenSoWst 1.741122965 21!4— % Enova 1.5613 2618 23 — % Houstlnd 1.51111447 22% — W Morgan 3.5214 5597101%— 3% Cerldlan 15 5221 34% — % Enron .9017 5230 39% — % Humana 30 5959 21H t% Mortnlnt n 4599 33% + 1 ChmpEs 13 4498 17%—% EnrnOG .1223 5342 20% + % -!•!• Mosslmo 10 3068 7% + 1% ChaseM 2.48(1228699 95%-2% ENSCO 25 6125 42'A— 2 IBP .1013 1416 23% — « Motorola .483427391 61% +% Checkpnt .01p25 3548 14% +% Entergy 1.809 6336 25 — % IMC Glo .3219 3989 36% Mylan .1626 4675 13% ChasEngs 22 3034 15% — % Elhyl .5012 4370 9% — % ITT Corp 23 2965 59!4 — % • N - N • •Chevron 2.32(1611125 69% t% ExcelCm 23 4736 17%—1% IkonOIISol .1628 9725 29 — % NabisH .62 11242 39% +% • Chryslrs 1.60630557 30« — % EildsCp .0840 1920 18%— 1 ICI 1.56e 16 7969 50%+3% NatlClty 1.6415 3635 4954—2% Chubb 1.16118 3181 57%— 1% Exxon s 1.64(1936678 58 — W INCO .4028 3555 32%—% NMedla 2612000 9% +% CircClyCC .1428 2914 3854-% -F-F- IngerRd .8215 3594 50%— 1% NatProc n 1611524 9 — % 'Circus 2810065 2754 +% FannlMae .841624541 41%— 154 Integon .36 2728 11% NtSemi 12189 25%—% Citicorp 2.1 1520960 113%— 3% FedExp s 18 4069 54% t% Interim 28 3617 39 —1% NatlStl 7 3611 11% +% CltzUtA .75114 6777 954 — % FdHmLn s .40(19 6912 31%— 54 IBM 1.601 14 X28405 162%— 254 NatnsBk s 1.321436146 59%— 3% CitzUIB .75114 5645 10 — % FdHLn pi 1.98119652513-32 + 5-32 IntGame .1216 7013 17%—% NwbNk s 9569 34%—% ClearCs 2909 48% t% FsdUog .48 1507 28%—% IntPap 1.03912631 4414—74 Ntwsll .64(22 2824 3914—14 Coastal .4016 2840 48% — « FedrDS 27 6884 35 — % IntRect 21 3317 12% +% NewfExp s 18 4328 20% +% CocaCI .564332368 65¥<— 1% FllaHold .29e 9 8982 4054 + 1 Iomega s 3784638 19 +1% NewmtM .484015232 38% +2% CocaCE .301 2990 5854—% FIBkSy 1.8617 4948 7854— 1*4 -J-J- NewsCorp ,09e 15 6689 16% Coeur .15) 2722 13% +% FChlNBD 1.613 6389 57%— 1% JRlver .602118215 31%—% NewsCp pi .23e 8811 15 —V, Cogniznln .1222 4187 32« t V4 FstData s .082510701 35%—% JohnJns .8812722388 60%—1% NiaMP 17 7818 8% t% Colemni 7820 17% —54 Fst USA s .2423 4860 47%— 2% -K-K- NlkeB s .402112798 57V4 — % ColgPal 2.20(25 4132110 —1% FstUC 2.3213 4097 83 —254 Kmart 2814277 13%—% NlneWest 6340637 34% + 1% ColHCAs .081618534 36% -H FleetFnc 1.815 5002 61%— 1% KN Engy 1.0818 284 39 — % NoblAf .1621 3105 39% CmpUSAs 2516109 22 Flsmng .0823 2401 16 — % KsnPlpSn 2.413 105 29%—% NobleDr 1313353 17% t% CoGnGeon 8515 17 FlaProg 2.10114 3118 3054—% KCtyPL 1.6227 312 28%—% Nokia 69o 6249 62%— 1*4 Compaq 1835104 »2% + 2% Fluor .761553971 48 —8% Ksllwood .6016 738 2454—% NeramE .282110422 15 — % • CmpAscs .102410762 52 — % FordM 1.68(823382 35%—% Keycorp 1.68115 5489 52%— 1% NorTel .60130 4689 75%— 1% • CompSci 29 5722 71%—% FrontrCp .8717 9480 17% +% KimbClk s .9620x9273 62%— 1% Norwest 1.216x4987 50%-1% Comsat .20m X3008 22% t% FrultL 18 3359 36%— 1 KnightR s .8012 3219 3954 Nucor .40(18 4743 54%—% ConAgr 1.0957 2619 58% — % -G-G- Korea .606 4031 12% — % NuevEn 20 4066 39% + 1% Conseco s .1220 984(1 42% — ! /i GPU 2.00(12 4062 33!* —14 Krogff • 20 8434 2714—1% Nynex 2.361811743 52% — s /4 ConSlors 24 2821 3911 — % GTE 1.881567643 43%— 1% • L • L • • 0 • 0 • 'CtlAlrBs 5 3573 32% +H Gabelll 1.00 2732 fc% — % LCI Inll 21 8781 19%—% Oakleys 21 2629 10%—% Cooper 1.3215 6075 47%—% Gannett 1.4418 3735 90%—% LSI Log 3620816 40H — % OcclPet 1.01211962 22% t% Volume List Chg. 281919 58% +1 169264 3714 +1% 102135 155% —2% 100281 16% + 1 88166115%— 1 13-16 79041 625-32 + 5-32 78414 48% —1% 73670 30% + % 67043 25% — % 65110 91% +1% SmlrlBC 1.6Z838 5506 78»— Z!4 Sonal 1.0822 3465 57% +% SouthnCo 1.313 9667 20% — % SwstAIrl .05118 8505 26% — % Sprint 1.017 11257 45% — % StarwdLs 1.56m 43 2714 38%— 1% StateSIr .8024 2853 64% — W ClrlPmr Ifi AfitlR OQ M Vi oinomc oo io3o *iy T* — /* StneWb .6035 3231 40% — % StoneC .60| 6587 10% + % SlorTch 11 3311 3614 — ?4 StrldeRt .20 3359 12% SunCo 1.028x3830 26% — % Sunamers .4021 3401 45% Sunbeam .04 3698 32 % + % SunMn 1 1 7928 % Sysco .6021 7649 33% — % • T • T • TCW ,64a 3676 6% — % TIGHd .6011 4763 27% — % TVXGId 3704 8% +% Tandem 19 2856 13% + % TIcmArg 2.156 3261 50 —1% TelBrasI 1 848 22141 118% % TelArg 1 ,03e 25 5380 32 % —1 1 -64 TelMex l.3le 15036 41% —14 TenetHIt 72 9636 26% +% Tennco 1.2 18 4827 42% +% Terdyn 47 ,6410 34% — % Texaco 3.412 8324106%— 1% Texlnsl .688617244 93 a + IS TexUlil 2.1 11 8677 36% — % TherEls 25 7299 33% — % Thorlnd .1211 54 21%— 1 360 Com 33 4049 17 + % Tldwtr .601515788 36%— 3% Tiffany s .2024 2682 40% + 1% TlmeWarn .36 12274 44 —1 THIIfgr 20 3943 43% Tosco s .24(32 9635 31% — % ToyRU 17 5598 28% — % TrCdag 1.00 3926 18% — % TransHosp 3952429 15% + 1% Transocn .2425 2892 60%— 1 Travelrss .601514115 54%— 2% TrlsrcA 783 18% + % Tuppwren .881311654 34 +1% Tycolnt .2026 7769 62% — % - U - U - HftWatt 91413 RQA9 34% — U USWM 6716 17'/4 — % OllcDpt 17 7770 14% — % USA Wsle 27 6034 34%— 1-64 Ogden 1.2515 3574 20%— 1% usFG 2010 3347 1954 — % OhloEd 1.510 4381 20% -% XSG ' 37 2689 34% -'i OlymFn 6 5751 10% + % NOT | nc 162(11 5511 27'/4 % Oryx II 9511 2014—% M ev M . r ' 7fi1i IL, , 7 , A p p UOAMar .(D 14 QU44 £.( 16 PECO Te 1fl" 5106 20% -% USXUSS 1.009352030% PG&ECp 1.21613595 24%—% UltramDS 1.10 4971 31% +% PMIGp .2011 5845 53% Unicom 1.608 6520 23% — % PNC 1.481412325 42% ~% Unlli .4418 3169 31 —1% PacEnt 1.52(14 2977 33% +% UCarb .7511 3959 48W— 1 PadtCp 1.0813 4304 20%—% UnPac s 1.7217 4049 65%—% PainWeb .601010316 35% +% upacRs 201810062 28 + a PallCp .56201897223%-% Un | srca „ 80 42 07 15% -% PanaBevs .2124 3050 29% +% , ,„*',, ;„„„ »£ PanEnergy .9617 5094 45« -<54 "™' y ? ,.. ... ™'" °£ , DarlfHrt ATKR D j_ U UAM S ./4| 10 iO/U OTO + % ParkOrl 4756 8 + 14 |. u , lhrr moo <oion cnu..<n Psnnsy 2.14121 4667 48%-% UHIlhCr .032912120 50%t1% Pennzol 1.018 3059 51% + 1% US Airway 6 7623 31%-1% PepBoy .24121 2739 33% — Vi US Filters 45 5945 29%— 1 PepsiCo .463736837 36% — % US Surg .16(22 5362 34%— 1% Pllzer 1.3631x9333 97 —1% UnTech s 1.24121 6786 77%— 1% PharUp| 1.082320896 31% t% Unocal .801312709 39%—% PhelpD 2.012 3621 77%—% utilICo 1.7611 634 26%—% PhilEnvg 3955 15V4-3-16 . u . v PhilMors 1.616x75718 41%—% U c m 1 « is 1001 TIT* u PhlllplEI .85e49 3510 53% -% * f ° f ''" " '?" ",; -* PhllPet 1.36(15 6589 40% Y"' e '° ' 62 " <*" *>' + J™ PitnyBw 1.621 3472 66%-% Vencor 22 4267 39%-3% PlacerD .30 16283 18% t% Verllne 33 6444 51%-% PogoPd .1232x3812 37% Vlvra 2618437 34% +% Praxair .4423 3364 52—14 -W-W- PrentPrn .71p 2812 23% WMX Tc .641523724 30% +% ProctGm 1.82712824130%—!% Wachovia 1.615 3573 59 —1% ProvCo .7218 3818 54 —14 WllMirt .2712132458 28%—% Provldn 1.112 3025 56%— 1% Walgreen 4829 2654 46% — % PSvNM .68(1012746 17% +% JJ^L ,52,36,2867 99« « PSEG 2.169323825%-% ™* " Lf '' 52 ' 38 '?"! ™ % ~ '' DDrIT 70( XQKft D iU VYOIuer n £D/y 1 1 74 PPrll .721 4356 8 +% ... .. _ nut, noil, ft,, . Q . Q . WellsF 5.223 3416267%— 9% OuakrOat 1.14 8886 40%—% Wendys .2418x5561 21% t% . R . R . WstAtlas 27 3263 65% — % RJRNab 2.051124471 29% — W WDigltl 16 8490 71*— « RJRpIC .60 9952 5'<4 — % WltnRss 2.10! 13 1076 3054 — % Ralcorpn 4977 11%' WstgEI .20 22344 16% — % Raycm .5613 3434 67% — % Weyerh 1.626 5902 45 -1 Htylhn .8014 5991 46% — % willl«m» , 1 04 20 4628 44% RdgBate 17 6512 21% —14 Wo , wlh 1714074 21 v. Rssbok .3018332237%-% WOIWm ,' 7 'I 074 2I ~ h Repsol 1.36e13 3945 41% -% ' *."*' ..,, ReyReys .3219 3132 21% +% Xerox s '•28(1814266 64% RhnPI .56e 20 2618 33% — % - Y • Y • RiteAid .8027 5552 46 ! ,4 — % VPF Soc .8013 8469 27%—% Rockwl 1.1619 3907 66%— 1% -Z-Z- RoHaas 1.815 2660 82% — % ZenithE 3974 11% t% Rowan 24 10289 18% — % RovID 5.78e 18 5401181%— 3% NOTES Rubnnd .60 25 7553 24 H • Thi IliU: Tne lists indude local interest stocks, Ryder .60 2990 32% — Y> *W* "• boWtced ind the da/j most actively trad- . s • S • «l slocks. SBC Com 1.79(1614629 55%-1% ^ffSAM&^ffS'iu^? I?|5J«"I 11 illl llv "TU *claie(1orpaldinlr«past12nSl-dectoeiii baleway 22 8826 44*4—1% naH altar a slock iWoend or sni. 1 - oaM Ihis »ear SUude 15 2659 34% ^S aStSaKoX^S StPaul 1.88111 4862 71% + 1 dividend meeting, k-dedaied or paid this year, an ac- SaksHoldn 32 2889 20 — % cumul*e issue nilhdivktendsti arrears. n- Issued Salomn .6413 8432 52% +% within the past 12 months, i - declared or paid In the SarsLte .8421 4820 42% — % past 12 months plus stock dividend. I - spit or stock SchrPI 1.52(24 8419 81%— 3% dividend ol 25 percent or more** the past 25 *eeks. Schlmb 1529 7981 109% 3% 1~paidlnstou(inpast12nxinthsplusstocl(dividGrxJ. SciAtl .0647 3138 17% +% ~ company In bankruptcy or receivership w tieing Seagate s 1726885 51 H — 1 '^^^h^^S^ •jjj^^ 0 ',*^''!!?!!^! Cnnnm coin oTon oni/ * sunieu Dy suoi companies. UK! ~ wTifln CwuKiijted. w beagram .6639 3790 39%— 1 - when issued •« wthwarrante w- wHhoulwar- SeagullE 72 7151 17% +% rarts. « - Wcales sirale share totals rate Ihari Sort .9215 7565 49% — % nund/eos.* means Dial anyone tig Ws'ex-olvi- SvceCps .30(26 4750 35% — % deraT slock on the day in question W not receive the SvcMer 3056 2% most recent dividend, y indicates single share totJs SllcnGph 10798 15% — % tor ex-dividend slock. OVER-THE-COUNTER EXCHANGE AMEX NSM ADC Tel i Adaptec s AdobeSy AdvFCm n Advanla AdvanIB ' Allera Amatl Amgen Andrew s Apol.C ApldUat . Ascend . Atmel Autodesk ' AvIdTch ' BMC Soft s BTG Inc : Biogen s BloTcG Borlnd CascCm '. Centocor ; Cephln i Chiron s 1 Cisco ; Clarify Oftr. K Vol list Olj. 49 14700 31 3824590 35% -2% .2021 19904 46% + 1 11054 48 +1% .44101648225% tl 5-16 .53 9 9463 23% + 1% 43 25148 52H 1 17-16 12631 11 5-16—1 15-16 .Olp 24 15935 61% -% 25 10466 29 + % 10118 16% — % 24 58146 60% + !4 5578414 48%—1% 14 19826 27% .244410386 38%— 1% 13197 20»4— 1% 32 10429 48 !4 + % 13 13200 10% +9-16 42 9810 34%— 1% 3017923 15% t it 3198611-16—3-18 26741 33% — % 16788 32*4 » Hi 24368 20 -% 6311522 20 \ % 35281919 58% + 1 3311649 14 t % Come cp CorpExp s Costco CreTcLtd Cymer n Cyrix Cp DSC Danka DellCpl s Discreet Duckwill DuraPh s ESSTech n ElcArt EmplySI s ErlcTel FPAMd Ftltsnl FinLine s FdLioA . ForeSys s FlHowrd Gartner Gate2000 Genzym s Grnmn wt HBOs Hadco .09 14942 18 13-16-1-16 15073915-16-1-16 24 13147 29% + % 21 30596 18% + % 5512119 49% + 1% 14 9717 21% +% 17171 22% + % .1905218551 33%— 1% 3365110 91% + 1% 41282 13% +2% 10 7 13% 5420960 37 +2% 1111471 16 t% 2923155 28% — % 19118626 15-16-5-16 33e 1244733 11-16 + % 10638 19 + 14 .0247 1431 42 —1% 1317440 10»— 1H 131 1579041 6 25-32 i 5-32 40100281 16% + 1 1641480 41% — Vi 87 14234 26 — % 1823921 61% — K 47 11203 23% — W 97501-64-11-64 .084418412 58% -% 10196 50%~2% Informx Intel Intel wt Inlelect KLA Tenc Komag LamRsch LntSSIk MCI Maxim McAfee UiiiAIr Microchp s MicronEI Ulcrasfl i NsthF Nelscpe NextelCm Novell Novlus Octel s Oracle OxfordHIt PSINet PalrTch s PaimTch Peopsll s PelsMarl s 2108783-16 — % .222102135155%— 2% 22353 1151-16—27-16 20571211-32 +% 2612539 49 —1 21 9400 33% +% 12925 34%— 1% 13 4109 21 +3-16 .052225601 38% — % 2911480549-16-1 5-16 54 10814 58%— 2% 13 1271 6 + % 36 12942 34 —2 2311121 23% +% 61 88188 115%-1 13-16 .72110 87 17% 17357 30 ft — % 1959814 13-16 t 5-16 2537140 8% +7-32 16 18278 78% + 1% 1916585 18*11-16 3950817 43-15-16 4717488 67% +% 10900 8% t % 4347264 24*15-16 3725338 47% * « 17211 47% — U 68 49625 1 1 % t 14 PrmLasr PremRs n Qualcom Quantum RatnSft s Readfil Replnd s S3 Inc SCiT Intl Shiva Starbcks SunMic s TeleComAI. Tellabs s 3Com Tyson i UUBFn US Robl s VLSI VkingOP s WA Mull 1 WiscCT s WorldCm s Xilinx XylanCp 10777 8%t1H 12952 7—1% 13842 52% + % 2031303 47H— 1-16 9672 15% 15748 2814 t % 18694 28% + % 11 10045 11% +% 969621-64—7-64 13004123-16-15-16 31 IS75 1»H — V, 50999728 13-16—7-16 1973670 30% t% 251 19 19919145-16—1-16 4020684 44*4 + 1% 21 169264 37 '/it l»i .1034 4184 19 —5-16 .S0b15 185 40', 2653971 63 !it 2 14 3042622 15-16 + 7-16 21 23517 16« + (i .041 14 1816851% — 13-16 2812927 31 ii — Vi 67043 25 « — % 3924871 54 i> »2 1-16 40 14308 18»i —'A Nuu AMC Ampex BarrLb BemaGold Camblor CanyonRs ColLb Cycomm DakotaM EchoBay EIPasoE FemHIlh Flbrbd FAusPr ForslLb FreqEI GaylCn GetchGId GldFId GreyhndL HallerM n HanvDir Harken Hasbro i . Hearx IvaxCp Dlv. PE Vol. Lwl CbJ, 34 2346 22% + 1% 182469513-16—5-16 31 1050 43 +2% 41076 13-16+1-16 .14 1268 13 t % 2015 2% + 1-16 170314 11-16-3-16 1164 2% t % 1049 IV. ,1-16 12573 5*4 + 3-16 11 3983 6H t % 1046 2% t % 21 1047 39% t% .84 1565 9 —1-16 1427 37% — % 15p11 6015 IO'/4 T ». 1006 5% — % 1486 39% + IVi 1044 5-16+ 1-16 4516 3'/> + '/> 3330 19% + % 1327 11-16 2793 4%— 3-16 32 16 12764247-16—3-16 2603 1 15-16 1-16 8079 8% * % JTS Corp Keane s Nabors NY Times OmnlMult Oncor Organgn s PegGId PlyRB RegalBel RoyalO g SabaPel s 9247 1%— 1-16 54 2573 47%— 2% 23 5414 19% — % .6422595441-16+1-16 1621 17-16 + 3-16 (24339-16 + 3-16 1193 18 +% 3749 6% +% .441 5 1070 3% — % .4818 1097269-16-1-16 4874 2% +5-16 34 3867 13%— 1% SPDR 1.416 2327281%—! 13-16 SPMid 1. Sulcus Thermed ThCar s TotlPit TWA TubMex USBioscI Viacom VlacB WirelssT s XCL Ltd 53e 1030 51 33-64—13-16 22 1404 1%t3-16 17 1398 19 + % 1361 26% — 1i4 .30 252 • 11-16 + 1-16 2138 7% — % 6 1927 1614 —14 2772 10% — '/i 11332615-16+11-16 75052815-16 + 7-16 .20(23 1645 10% ~H 1279 7-32 TCI International reports falling profits SUNNYVALE, Calif. — TCI International Inc. said fiscal second-quarter earnings fell 77 percent and warned that revenue and profit margins will drop the rest of the year because of a backlog of less profitable work. The company, which handles the foreign broadcast equipment businesses of parent Tele-Communications Inc., reported that net income for the quarter ended March 31 declined to $84,000, or 2 cents a share, from $360,000, or 11 cents, in the same period a year earlier. Revenue rose 21 percent to $9.47 million from $7.81 million. The company's backlog in the period declined to $21 million from $35 million as of the end of the fiscal year last September 30. Californians win right to bypass utilities SAN FRANCISCO— Ten million California utility customers will have the option next year to bypass the utilities and buy electricity directly from power generators and other providers, state regulators decided Tuesday. The Public Utilities Commission voted for rapid implementation of a plan approved by the Legislature, which had given the PUC until 2002 to give all customers direct access to the electricity market. But the commission said customer movement from utilities to other electricity sources was likely to be gradual. One critic of the plan said the PUC's rate structure would discourage most residential and small-business customers from switching right away. In Tuesday's order, the PUC said customers will be able to maintain current service by taking no action, but will also have the choice of negotiating contracts with electric generators or buying from intermediaries. UPS, pilots meet with federal mediator LOUISVILLE, Ky. — United' Parcel Service and its pilots, who have voted to strike if contract talks fail, met with a federal mediator in Washington D.C., a Company spokesman said. The two sides have been in negotiations for more than a year. The meetings Tuesday with a member of the National Mediation Board were designed to resolve differences over pay scales and pensions, said Ken Shapiro, a spokesman for the Atlanta coni- pany's Louisville-based airline. Those are the only issues remaining before a new contract can be signed with the Independent Pilots Association, he said. The union announced Tuesday that its nearly 2,000 members had voted overwhelmingly to authorize a strike if the talks break down. Planned job cuts fall to four-year low CHICAGO — The number of, - . planned job cuts by major U.S. businesses was the lowest in four years in April, a survey showed Wednesday, further evidence the economy continues to generate jobs. Planned cuts were down 50.6 percent last month to 15,214 from 30,810 in April 1996, according to the monthly survey by the em'-,,.. ployment firm Challenger, Gray': and Christmas. Compared with a month earlier, planned dismissals declined 69.7 percent from March's 50,182, the survey showed. The April level was the lowest since 14,086 in. May 1993. From Wire Service Reports MARKETS KEYMTES Dally key rates (rom The New York Times Previous Year Wednesday Day Ago 6.50 8.50 8.25 5.00 5.00 5.00 PRIME RATE DISCOUNT RATE FEDERAL FUNDS(x) 3-MO. TREAS. BILLS 6-MO. TREAS. BILLS 10-YR. TREAS. INF(xx) 10-YR. TREAS. NOTES 30-YR. TREAS. BONDS TELEPHONE BONDS MUNICIPAL BONDS(xxx) 5.69 5.08 5.33 3.61 6.74 6.96 8.04 5.87 5.50 5.03 5.33 3.57 6.65 6.88 7.94 5.86 5.31 4.93 5.08 N.A. 6.90 6.95 8.09 6.21 (x) Estimated daily average, source Telerate (xx) Realized dollar amount rises with inflation (xxx) Municipal Bond Index, The Bond Buyer Salomon Brothers and Telerate for Treasury bellwether bonds, notes and bills. LOCAL GRAINS Wednesday, May 7 Wheat Scoular, Sallna $4.45 Carglll, Sallna $4.40 Continental, Sallna $4.40 Farmway, Belolt $4.14 DcBruca, Clay Ctr. $4.22 Cooper, Colby $4.15 Midland, Haya $4.20 Decalur, Oberlln $4.12 Agco, Russell $4.21 Farmers, Stockton $4.10 Corn Mllo Bean* — $4.59 — — $4.58 $8.77 — $4.60 — $2.53 $4.08 $8.57 $2.53 $4.16 $6.57 $2.59 $4.02 $8.36 — $4,06 — $2.56 $4.01 — — $4.11 — $2.50 $4.00 — CHICAGO GRAINS Futures trading Wednesday on the Chicago Board of Trade: Open High Low Ssttle Chg. 5,000 bu minimum; cents per bushel WHEAT May Jul Sty Dec Mar May Jul Dec Jul 400 407 413 422% 424 406 383 402 410 416 427 427 406 384 395 403 409 422 423 404 383 395 404% 4 1 0 % 421 % 423 404 384 395 367 1 1% 2% 2% 2% 5 1 CORN May Jul Sep Dec Mar May Jul Dec Jul Dec 286% 285 270 268% 27314 277 280 V, 266 290% 287% 271 % 270% 27514 279 283 268 287% 285 269% 267% 273% 277 280% 266 288 265% 270% 269 £74 '/. 279 282% 267 277 266 — % — Vi + 1 + 1 % + 1* + 2 + 2 + 1 % + 1 OATS May Jul Sep Dec Mar 171 14 163% 160% 160 16414 172 163% 160% 16014 164% 170% 162 159 159% 163 172 162% 160 160'/< 164 + 2% + 1 t 1 % + t« + 1 % SOYBEANS May Jul Aug Sep Nov Jan Mar May Jul Nov Jul Nov 902 900 868 762 703% 711 715 716 716 668 903% 902 86914 766 708 713 718% 726 719 669% 891 867 861 761 703% 709% 715 716 718 668 896 892 862 765% 707% 713 7 1 8 V< 718 719 669% 684 643 + 2 t % + 6 + 6% + 6% + 6 % + 6 + 7 + 3% + 3 t 3 attendance. Feeder steers: medium and large 1, 413498 Ib 89.00-94.00; 500- 600 Ib 83.50-88.75; 623 Ib black-black whlteface 90.75; 654-664 Ib 82.25-85.75; 700-800 Ib 75.00-76.50, fleshy 68.00; 820-891. Jb 68.50-75.20; large 1, 1038 Ib 61.00. Feeder heifers: medium and large 1, 375-400 Ib 80.75-81.00; 400^500 Ib 76.00-82.50; 500-600 ib 73.25-78.00; 600-700 Ib 71.00-76.85, black-black whlteface 657 Ib 79.00; 700800 Ib 73.10-76.10, pot load black-black whlteface 709 Ib 80.35; 825-875 Ib 65.60-69.00. • ' • Estimated slaughter hog receipts: 500. Compared to Tuesday, barrows and gilts 1.00 higher. Interior Iowa moved 89,000 hogs Tuesday; 1-3 230-270 Ib 57:6058.00; 2-3 270-290 Ib 56.00-57.00. Sows: limited sales, under 500 Ib steady, over 500 Ib 1.00 higher 1-2 300500 Ib 48.00; 1-3 500-550 Ib 50.00; 550-700 Ib 51.0052.00. DODGE CITY UVESTOCK Market quotations Wednesday: Trade very slow. Not enough slaughter steer or heifer sales confirmed for an adequate market test, few'sales steady. Inquiry and demand moderate. Feedlots very current. Sales confirmed on 400 slaughter steers and 200 slaughter heifers Wednesday. For the week to date 82,300 haad confirmed Including 15,000 head or about 18 percent previously contracted or formulated cattle. Sales FOB feedlot net weights after 4 percent shrink. Slaughter steers: few select and choice 2-3 12001225 Ib 69.00. Slaughter heifers: pen mixed commercial to choice 1210 Ib heifers, helferettes and cows 66.00. OMAHA UVESTOCK Market quotations Wednesday: Hogs: 600: barrows and gilts .50 higher; U.S. 1-3s 230-260 Ibs. 59.00; sows compared to Tuesday's close, prices steady; 350-650 Ibs. 48.50-53.00. Cattle and Calves: 100; In narrow test, steers and hellers steady; steers and heifers: couple loads select and choice 2-4 1180 Ibs. 68.00. Sheep: None. CHICAGO UVESTOCK Futures trading Wednesday on the Chicago Mercantile Exchange: Open High Low Settle Chg. CATTLE 40,000 Ibs.; cents per Ib. Jun 65.20 65.45 65.17 65.22 +.05 Aug 65.20 65.55 65.20 65.52 +.27 Oct 68.80 69.02 68.80 68.97 +.17 Dec 70.55 70.82 70.52 70.80 '-+.22 Feb 71.02 71.20 71.00 71.20 +.17 Apr 72.97 73.10 72.85 73.10 -. +M2 FEEDER CATTLE 50,000 Ibs.; cents per Ib. May 74.45 74.45 74.15 74.32 —.10 Aug 76.90 Sep 76.60 Oct 76.95 Nov 78.55 Jan 79.10 Mar 76.55 Apr 78.50 HOGS 40,000 Ibs.; cents per Ib. 84,85 85.45 84.10 84.37 — .1.5 86.00 86.20 85.05 85.40 t .25 83.30 84.00 63.17 83.47 +.32 77.10 76.72 77.05 78.65 79.10 78.60 78.50 76.65 78.35 76.60 78.30 79.10 76.55 78.50 76.92 76.65 76.97 78.30 79.10 78.60 78.50 ,-.•02 • .'" -.15 -—.05 — .05 Jun Jul Aug Oct Dec Feb Apr Jun Jul Aug Oct 75.70 72.75 71.50 67.50 72.05 86.20 64.00 76.05 73.10 71.50 67.80 72.05 85.05 63.17 75.02 72.20 70.95 67.30 72.02 85.40 83.47 75.47 73.02 71.00 67.32 72.02 70.50 67.10 63.00 • + .47 . —.15 — .17 — .30 — .25 + .10 — .95 KANSAS CITY GRAINS Wheat futures Wednesday on the Kansas City Board 01 Trade: Open High Low Ssttle Chg. WHEAT 6,000 bu minimum; cents per bushel May 443 448% 442 445 +5 Jul 428% 435 424 425 +3 Sep 429 431 426 426 +3 Dec 433 437 432 432 t2 Wheat 26,594 bushels: 4 cents higher to 8 cents higher; No. 2 hard 4.43-4.611/2n; No. 3 4.32-4.601/2n; No. 2 red wheat 4.01-4.571/2n; No. 3 3.90-4.561/2n Corn 0 bushels: unch to 21/4 cents lower; No. 2 while 3.00-3.10n; No. 2 yellow 2.80-2.843/4n; No. 3 2.60- 2.833/4n. No. 2 mllo 4.62-4.74n. No. 1 soybeans 8.80-9.02n. Hoppers 75.00-77.00. 8T. JOSEPH LIVESTOCK Market quotations Wednesday: Estimated feeder cattle receipts: 1,500. Compared to last Wednesday, feeder steers and heifers 2.00-3.00 higher. Slaughter cattle back up to 70.00 and com planting making good early progress, especially In the eastern cornbelt. Buyers flesh conscious, at current prices, costs more to buy pounds than feed It on, especially lor grass cattle. Attractive quality, lots of black, but calf season drawing lo a close. Raining and good GOLD Foreign - Hong Kong late: $340.35 off $3.00; London morning fixing: $340.65 off $1.80; London afternoon fixIng: $341.10 off $1.35; London late: $340.75 off $2.00; Paris afternoon fixing: $340.11 off $0.35; Frankfurt fixIng: $341.01 off $1.45; Zurich late afternoon: $340.70 off $1.90. Domestic - NY Handy & Harman: $341.10 off $1.35; NY Handy & Harman fabricated: $356.16 off $1.41; NY Engelhard: $342.33 off $1.35; NY Engelhard fabricated: $359.45 off $1.42; NY More, gold spot month close Wed. $341.20 up $1.00; NY Republic National Bank 4 p.m. Wed. $341.30 up $1.20. Handy & Harman silver Wednesday $4.740, up $0.010; Fabricated $5.214, up $0.011; The bullion price for silver earlier In London $4.7210, off $0.031; Engelhard $4.740, up $0.005; Fabricated $5.214, up $006; NY Merc silver spot month Wednesday $4.717, up $0.026. Od Petroleum cash prices Wednesday as compared with Tuesday prices: s ' Wed. -Tiie. Wesl Texas Inlermed t per bW lob 19.63 ,"19.68 From Staff and Wire Reports

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