The Paris News from Paris, Texas • Page 9

Guaranty Bank makes two major ew ank approved in Pittsburg; agreement made to meme with MOUNT PLEASANT Guaranty Bancshares, parent company of Guaranty Bank, has announced it has received regulatory approval from the Texas Department of Banking and the Federal Deposit Insurance Corporation to open a new full-service banking facility in Pittsburg, Texas. Guaranty Bank Pittsburg will be located on property purchased at 116 S. Greer Boulevard in Pittsburg. Bruce T. Harwell will oversee the new bank.

Harwell has more than 16 years experience in banking, including lending experience for consumer, mercial and mortgage lending. a bachelor's land master's degree from East Texas State University and is a graduate of the Louisiana State University School of Banking. As of March 31, 1999, Guaranty Bank, chartered in 1913, reported $197 million in loans, an increase of $34 million or 20.8 percent during the past 12 months. "Guaranty Bank continues to have a strong commitment to community banking and remains independent through our ongoing expansion program of diversification of markets and customers base," said Art Scharlach, president of Guaranty Bancshares. "We are proud to open our eighth location and are pleased to have Bruce Harwell associated with Guaranty Bank Pittsburg." Scharlach said Guaranty continues to expand its Northeast Texas customer base as assets increased $37.2 million or 14.9 percent in the past year to $284.5 million and deposits increased $28.6 million or 12 7 percent to $253.7 million for the same period.

"We continue to execute an aggressive growth strategy, including acquisitions and adding new locations in our regional markets," he said. Guaranty Bancshares also announced it has signed a definitive agreement to acquire privately held First American Financial Corporation for $6.9 million in common stock and cash. First American Financial Corporation, headquartered in Sulphur Springs, is a bank holding company for First American Bank N.A. and First American Mortgage, and operates banks in the communities of Sulphur Springs and Commerce. At the end of March 1999, First American Financial Corporation had $62.9 million in total assets, $39.8 million in loans and $57 million in deposits.

"We are pleased to be in partnership with First American as co-owners dedicated to community banking and focused on personal service and relationships," said Scharlach. "Not only will this transaction allow us to further penetrate our target, the Northeast Texas market, it also will move us a step clos- er to achieving our desired efficiency objectives and have an immediate positive effect on earnings." Rusty Jones, a 25-year veteran of Guaranty Bancshares, serving the past two years as executive vice president of Guaranty Bank, will oversee the additional locations as president. "The merger of these two banks with Guaranty Bank is exciting to my family and me. We are looking forward to meeting new people and being part of the Sulphur Springs community." Lawyers may issue bonds SAN FRANCISCO (AP) Lawyers involved in the national tobacco settlement who could wait for years to collect billions of dollars in fees are trying to find a way to get their money faster. One possible solution: issuing bonds.

"I think it's certainly being by people as an alternative," said attorney Joe Rice whose Charleston, S.C., firm Ness Motley Loadholt Richardson Poole is among those exploring the idea. One of the key questions is whether investors will bite particularly since the tobacco companies' continued financial health will be key to the bondholders making any money on the deaf. it's in the bag TAMPA, Fla. (AP) Perdue Farms Inc. was ordered to pay an entrepreneur nearly $49 million for stealing his cook-in-a-bag method of roasting chicken.

In addition to a jury award of $27 million in compensatory damages, a judge Thursday ordered Perdue to pay $6.75 million in punitive damages and $15 million in interest. Perdue, based in Salisbury, said it will appeal. IBM decision impressive SUNNYVALE, Calif. (AP) Commerce Secretary William Daley is so impressed with Medical Equipment Supplies For Rent or Purchase Locally Owned Operated 24 Hr. Emergency Service FREE Same-Day Delivery 903-785-6615 800-964-7643 Alcohol Problems? Call Today 903-454-6000 800-443-1109 Glen Oaks Hospital r- j- uuj -TVU IHUal-VlallC from Web sites that don't post Big Blue's lead privacy policies that he's asking "We all need the top 20 Web advertisers and word," said Daley VOTE PFIESTER CITY COUNCIL DISTRICT 7 WHERE CHARACTER COUNTS! MAY 1 CROCKETT SCHOOL QUESTIONS CONCERNS RIDE 785-4307 POLITICAL AD PAID FOR BY MICHAEL J.

PFIESTEH 4215 ENCHANTED PARIS, TX. 75482 the Beautiful Beginnings From $59:00 MAY 9th 29 East Plaza In Historic Downtown Paris 903.784.2740 Open Daily HI 5:30 uuuy ui 1999 READERS CHOICE BEST PLACE TO BUY JEWELRY THE WEEK IN REVIEW I l' WEEKLY STOCK EXCHANGE HIGHLIGHTS NYSE 639.30 AMEX 770.36 NASDAQ 2,590.69 Name Last Chg InlgHS MeridRes ThreeFS ChkFull FAFnds 20'Vis Wanner ComstkRs FriedBR EK Chor NStand 17 3Va 4 "a 1 f36-t 1Vi5 LOSERS ($2 OB nog jame Last Chg ladence Richfoocf RotrtHalf AdvCmG Vlasic Alelg JohnsMnv 13 -9 7 -J'Vta 7W 21 7 5'A -tVw -3'A -421 -283 MOST ACTIVE (S1 OR UOREI Name Last Chg AmOnlnes1661842 Compaq 1272986 789218 ucents 679953 rttarp 560513 Cadence 528228 BM 515910 EMC 447141 'epsiCo 438032 421709 147 -23S 74ft 13 -9 7 111 36 1 Advanced Declined ew Highs ewLovis otal issues "changed dume DIARY 2.232 1.150 252 104 3.699 317 5.746.854.080 GAINERS Name Last Chg ViacwIE Hmisph wt BiHO BethCp IPC Infos ExcelLg ILXResrt Hemispx Intrmagn OhArt 24 5 2 3 53 2 7 7 II t'ViE 4 1 2ft LOSERS OB KOBE) Name Last Chg Meophrwt JonsGl gn 2 5 Polyvisn 2Vs MaxmP wt AilouH Veophrm ScarxtC 3kjiLav wt AllPrem 15 7 A -9 -7 -Ai -4're -209 -19.) -2VU -178 -4Vz -162 MOST ACTIVE (SI Name Vol(OO) Last Che; SPDR NasdIQOTn342548110Mi SPMid 165045 DJIA Diam 147890 GreyWolf 147365 2Vw FAusPr 72929 Hasbro 58597 32 7 Nabors 52414 19Vis PC Quote 49250 orestLab 49206 DIARY Jncttanged blal issues VewLows Jew Highs Declined Advanced 110 854 47 40 317 427 286,101.500 Name Last Chq Microta AHI Net SafTLok Eleglll HachA IDMEnvs PrdEntpl FstCnsIt PrdEnl BTShps Kl 2 V52 7 Name LOSERS (52 OR MORE) CalFdCt Oscoms AxiohmT AdacUbs AftivaFn Lasl Chg 2Vz 3 ixecutone ObjComs 3 1 JnnaLn 2 AffTech 2Vs -722 -16 -600 -4ft -4 -2 MOST ACTIVE (SI OR MORE) Name Vol(00) Ust Ctig 86 )eTCplrs1465577 43 ntels 1242806 888399 27'te 27 junMics 838088 63Vie Jiscos 837517 3Com 769960 NelvAAs S639934 -3 7 MClWrfd 599206 7 ETrades 596409 DIARY Advanced Declined New Highs ew Lows otal issues nchanged ohjme 2,579 2.141 217 235 5.225 505 5,547,622.300 WEEKLY Dow JONES Dow Jones for the week ending Friday, April 23, 1999 All-lime high: 10,727.18 April 22, 1999 12 months: Daily Dow Jones closes i 11,005 10,680 10,355 10,030 9,705 9,380 9,055 8,730 8,405 7,755 7.430 STOCKS OF LOCAL INTEREST Name Ex Div Las! AmOntnes Anneus BcHSos CampSp Cocad Compaq DaimlrCn Deere DetCpUs Earthgr Exxon Fordtot Ger.Etec GnMoIr inlels BM Kmart KentClk LeggPlats Wk Wk NY NY NY NY NY NY NY NY NY Nasd NY NY 147 YTD 1.12 .76 .90 .64 .08 .16 1.64 NY 1.84 NY 1.40 NY 2.00 Nasd .12 NY .88 NY NY NY 66ft 23VS 43 89 Vj 1.04 .36 t6.2 -2 -Ifc -223 -228 Name Ex Div Lasl Manpvil McDerl McOnldss UetAs Woosfls Motorola Oracles Penney PepsiCo PhHtAif Sears Sfienwi SwstArls SlgeStrs SunMics Tandy TexUtJ Tyson WalMart Weyerh NY 20 .20 NY .20 NY 1.08 Nasd NY .48 Nasd NY 2.1B Wk Wk Chg NY NY NY NY NY NY Nasd NY NY NY NY NY .52 1.76 .03 .40 2.30 .10 .20 160 44W 86 30'A 6 73H SOVe -Vis -Vs Ml.6 tlMs 7 YTD -113 High Low STOCK MARKET INDEXES Name Ust 10,765.74 3,701.42 322.21 641.79 770.46 2,630.52 1,363.65 492.28 12,407.89 8.669.37 7.400.30 Jones Industrials 10,689.67 2.282.18 Dow Jones Transportation 3 589 68 269.09 Dow Jones Utilities '301 27 462.69 NYSE Composite 63930 554.70 AMEX Index 770 36 1,357.09 Nasdaq Composite 2 £90 69 92332 1 35 g'ii 303.87 Russell 2000 431 73 8,620.60 WTshireSOOO 1239446 5,800.68 Upper Growth Index 8 647 27 Wk Chg Wk YTD 12-mo iiCha SiCho 10665 1 67 1.73 1.73 16.43 13.9B -353 18.15 10.38 17.93 MUTUAL FUNDS Name Vanguard MX Fds: 500 American Funds: WshMut American Funds: InvCcA Fidelity Invest: Grolncn Fidelity Invesl: Contra Amer Century Inv: Ultra Vanguard Fds: Wndsll Janus: Fund Fidelity Invest: Puritan Fidelity Advisor rOppT Vanguard Fds: WeHnn Janus: Twen Vanguard Idx Fds: Instldx Fidelity Invest: Equtlncn American Funds: NewPer American Funds: IncoFd Fidefly Invest: BlueCh American Funds' Eupac PIMCO Funds InsHrTotReln "utnam Funds GflnA FideSty Invest: EQIIn Morg 51 Dsan VVil American Funds: Vanguard Fds: Wndsrn -deSty Spartan: Equllndun Putnam Funds VoyA Franklin Oass CaFTFrAp Vanguard Fds American Funds: Fundlnv 'empfeton Class GrowlhA Total Assets NAV GH 90,778 Gl 82,521 Gl 52,826 Gl 49,864 Gl 49,278 Gfl 41.220 GR Gl 32.149 CP 29,090 BL 25,913 GR 25.644 BL CP 24.661 Gl 24.067 El 23,159 GL 23.051 El 22,619 GR 22,524 IL 22.083 IB 21.533 Gl 21,302 El 19.591 Gl 18,499 GL 18,459 GR 17.636 Gl 16.967 Gf t6.50Q CP T6.384 Gl 15.959 SS 15.475 GR 15,471 Gl 13.524 MC 13.4S8 Gi 13.279 Total 4-wk 12-mo 5- Pct Minlntt 135.34 125.46 3528 33.48 48.54 61.89 38.02 32.70 39.73 20.99 5237 30S5 66.83 124.28 60.48 25.30 17.83 54.68 3U4 10.39 2227 32.17 66.01 51.76 25.17 17.82 48.35 24.52 21.97 738 39.73 32.23 31.65 11.2 10.6C ijt; 179.7/C 194.33 114 164.7/D 133. 3.00 NL 5.75 5.75 NL 300 NL NL NL NL 350 NL NL IO.O/A 14.7/A 1V9.C 1.1/0 1I0.7/E 160. 1 59.6,13 162 182.1/8 130.3C 2,500 3,000 250 250 2,500 2.500 2.500 3.000 2.500 2.500 2.500 3.000 2.500 NL 2.500 250 1.000 2.500 5.75 5.75 NL 5.75 250 NL 5.000.000 5.75 500 NL 2.500 NL 1.COO NL 2.5M 5.75 t.OOO NL 3,000 NL 100.000 5,75 500 500 1.000 3.000 NL 425 NL 575 550 5.75 250 500 1000 MC invest fund NA No. aval NE Data 0 Lr uaia quasren.

NS RJX) not enaence Source, kv Crude oil down; soybeans, corn markets higher on bullish weather forecast Associated Press after a nearly four-month inter- nionrlm nmiH i Associated Press Palladium futures plunged for the second straight day on the New York Mercantile Exchange Friday amid reports that Russia, which produces about three- quarters of the world's supply, would begin exporting the metal after a nearly four-month interruption. In other markets Friday, crude oil was down slightly, while soybean and corn futures were higher on bullish weather forecasts. Palladium prices suffered their largest drop in almost three months amid reports that Japan was expecting Russian imports. Japan is the second-largest importer of the product in the world. Also, Switzerland announced it imported Russian palladium last month.

Russia has shipped few new supplies of palladium since December and dwindling inventories have prompted market jitters. Palladium is used in catalysts to provide cleaner-burning cars and in electronic devices like cellular phones. The price of palladium has jumped more than 30 percent since the halt of Russian exports, sending palladium futures to an 11-month high earlier in the week. It's the third straight year of such delays. Wheat futures fell Friday Full Brokerage Services Discount Commissions Sally Sheppard 785-8834 1-8 Government, Corporate and Municipal Bonds Mutual Funds IRAs CDs Retirement Plans Risk Management futures Wfnns ftnrril itirmiffi Tranoctum hK Mrmtvr (2IJI44.1 llixv 121)1 am SwilwtM Sttimiiei.

VYSi.yk Evtmpf on the Chicago Board of Trade, while soybeans and corn rose. Soybeans and corn received support from forecasts of continued rain next week in growing regions of the centraTUnited States, which was expected to delay planting. July wheat July corn July soybeans May cotton April live cattle April feeder cattle June lean hogs May pork bellies July silver June gold Friday close 2.65-3/4bu 2.25-3/4bu 4.94-1/2 -57931b -65551b .709215 5.16-1/207 284.9007. Week high 2.71-1/2 2.30 5.08 .5965 .6660 .7165 .5760 .5750 5.23 287.00 low 2.61 2.23 4.90-1/2 .5585 .6535 .7080 .5480 .5200 5.07 284.30 Juy coffee 9855 1.05-1/2 July sugar 4.4401b 4 87 May orange juice 90600 July crude oil I7.66bar 1790 July unleaded gas 5320 July natural gas unavailable JuneT-bonds May board feet .3456 3508 .9800 4.06 .8130 17.18 .5035 120-2402 .3262 Quotesi provided by Sally Cowper Sheppard, Paris, introducing broker, futures markets. Market quotations are taken from sources believed to be reliable but no guarantee of accuracy is made.

Chang ing Jobs or Retiring? Call A.G. Edwards for alternatives on how you can receive aitd manage your distrubuiioti from your company's retirement plan. Michael Redns 1323 Suite A-Pa-is Texas 7f 785-4584.