Dayton Daily News from Dayton, Ohio • 23

Dayton Daily Nwt and Journal Herald Spurt in price of oil blamed on fears of Mideast friction il I West Texas Intermediate per DarreL Aug. 4, 198 I I I 1 LJ I 11 II Jf Tld NEW YORK (AP) Oil prices shot above $22 a barrel Monday in a gusher of emotion that analysts said was inspired more by headlines than 1 I St V. Ill I 1 i I I 1 1 i 8 1 2930 1 2 6 7 8 9 1013 14 15 1617 20 21 22 2324 27 28 29 3031 ,3 Aug economics. In the wake of bloody weekend clashes between Iranian pilgrims and Saudi Arabian police and renewed anti-American threats from Iran, oil prices Jumped sharply when trading opened on the New York Mercantile Exchange. Prices gave back some ground later in the session as traders cashed in profits, but the spurt of nervous buying was still enough to raise the benchmark price to its highest level in almost two weeks.

Contracts for September delivery of West Texas Intermediate, the bellwether U.S. crude oil, settled at $22.16 per 42-gallon barrel, up 79 cents from Friday's close. The contract traded as high as $22.67 per barrel during the day and never fell below $22, according to figures provided by Telerate Systems. June July Source: New York Mercantile Exchange ASSOCIATED PRESS ASSOCIATED PRESS those of the past weekend might eventually result in a disruption of oil shipments through the Persian One economist, Gordon Pye of Irving Trust lightheartedly suggested that futures traders Install "radar-screen scopes of the Strait of Hormuz" on their computer terminals so they could track the Persian Gulf developments even more closely. Prices of refined products also moved up sharply.

Unleaded gasoline settled at 55.94 cents, up 1.07 cents from Friday's close. Analysts attributed the market's move almost exclusively to the effect of the expanding Mideast drama. They said that even though world oil supplies remain plentiful, traders harbor fears that a combination of incidents like Tandy Chairman John V. Roach with array of new computers released Monday Tandy shows off its dandiest GM to close Fisher Guide plant Tandy's new laptop computer, the $1,599 Tandy 1400 LT, has a bright, blue, backlit screen. Although Tandy is not a big seller of high-powered PCs, it also introduced a Tandy 4000 that uses the speedy Intel Corp.

80386 microprocessor. It is priced at $4,299 for a model with a 40-megabyte hard disk drive, compared with Compaq's Model 40 at $6,499 and IBM's forthcoming Model 80 at $6,995. The new software Includes Professional Deskmate for business users, which gives users a screen resembling Apple's Macintosh. Conveniently, Tandy got a one-day Jump on International Business Machines which was expected to announce on Tuesday an inexpensive classroom model of its new Personal System-2 computer line. Tandy, based In Fort Worth, Texas, is promoting its made-in-America technology, its nationwide retail chain and its combination of low prices with good reliability.

Cheapest of the new line is the Tandy 1000 HX at $699, for homes and classrooms. The IBM XT-compatible 1000 TX, at $1,199, is billed as offering three times the speed of IBM's Model 30. NEW YORK (AP) Tandy Corp. stole some thunder from IBM and undermined personal computer "clone" makers Monday with product launches that give it the broadest line of personal computers in the industry. Tandy introduced four new computers, upgrades of two existing ones, improved software and three' printers, and threw in two cellular phones for good measure.

Tandy's PC blitz came 10 years to the day after the company introduced the TRS 80, billed as the first fully assembled microcomputer to be sold through retail outlets. ratified before Aug. 16. Fisher Guide Is Elyrla's largest employer. "I am very disappointed, very disappointed," Goodson said.

Local 780 President Larry Tanner saidthe union voted Sunday to enter into negotiations but overwhelmingly rejected a motion to set a date to ratify the labor agreement, Tanner said. "No way. The committee won'Lafc-cept that," Tanner said. "There's -16! little time that's their deadline, not ours." Fisher Guide spokesman Charles Oyerly said he doesn't know how long it will take to close the facility, but "we are not going to attempt to sell the plant to another buyer." R. Eugene Goodson, vice president for automotive operations for Milwaukee-based Johnson Controls, said Monday that his company will not buy the plant because members of United Auto Workers Local 780 on Sunday rejected Johnson's demand that a contract be ELYRIA (AP) General Motors Corp.

said Monday that it will close Its local Fisher Guide plant, eliminating 2,000 Jobs, because Johnson Controls Inc. backed out of plans to purchase the facility. "We regret that Johnson Controls has terminated the agreement to buy the plant," GM said. "In line with our strategic business objectives, we will phase out the Elyria facility. Planning for the closure of the plant is now under way." Lawson stores adopting Dairy Mart name, look i 1 t-t CV 1 1 jfc i.

Lawson ran the operation. We think J.J. Lawson would be proud." The Lawson chain was sold following the accidental death of Lawson in 1985. Dairy Mart was founded by Nlren-berg In the 1950s In Springfield, Mass. The chain has grown to more than 1,200 stores in 11 states, Including the 700 Lawson stores.

Nlrenberg said he acquired 794 Law-son outlets and closed 89 unprofitable locations. He said the company now is looking for new sites. He predicted that Dairy Mart will have sales of $750 million in fiscal 1988, ended next January 31. Last year the company lost money due to problems in the Lawson organization. But Nlrenberg said the problems have been solved and the company will make a profit this year.

"We already have shown a profit in the first quarter," he noted. Dairy Mart shares are traded on the over-the-counter market. ByJimBohman BUSINESS WRITER The 10 Lawson convenience stores in the Dayton area will get new names and a new look in coming weeks. The new name will be Dairy Mart, the same as the new owner of the Law-son stores in Ohio, Pennsylvania, Indiana and Michigan. Dairy Mart a 200-store chain based in Enfield, bought the 700-store chain of Lawson stores In 1985 for $45 million.

Lawson is based in Cuyahoga Falls, Ohio. "The plans to change the Lawson name to Dairy Mart are consistent with our normal acquisition procedures," said Dairy Mart Chairman Charles Nir-enberg. "As a publicly-held company, we are more appealing to stockholders when our stores are all under the same name. In many ways, we are making a' full circle back to the days when J.J. 4 "Si Dayton's Finest Downtown Location TALBOTT TOWER "In the heart of it IMMEDIATE SPACE AVAILABLE 300-5000 SQ.

FT. Indoor Valet Parking Restaurant Snack Shop Retail Businesses 223-8189 niiii ill. jm wn m. -4. J'- TU.

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