Herald and Review from Decatur, Illinois • Page 21

BUSIN Decatur, Illinois Herald Review Friday, May 14, 1999 On Business I MINICH The Standard Poor's 500 index rose 3.56 to 1,367.56, topping its previous closing high of 1,364.00 set Wednesday. But the technology-heavy Nasdaq composite index declined 24.54 to 2,582.00. IBM almost single-handedly led the Dow higher after Merrill Lynch raised its prediction for how much the stock would rise over the next 12 months. That came after an analyst meeting Wednesday during which chairman Louis Gerstner said the Internet would play a large part in the company's future, and that a quarter of IBM's 1998 revenues came from electronic commerce. "The bull beat goes on, led by Big Blue," said Alfred E.

Goldman, chief market strategist at A.G. Edwards Sons Inc. in St. Louis. IBM shares soared 207 to a record 246, accounting for a rise of more than 93 points on the Dow.

Computer shares rose initially with IBM but later bowed to profit-taking. Internet stocks were lower on profit-taking as well; America Online dropped 513ie to 1327a and was the most active issue on the NYSE. The Dow transportation average fell 30.99, or 0.82 percent, to 3,752.51, after the Justice Department said it was investigating American Airlines for antitrust violations. The shares of American's parent, AMR dropped Vie to 74. Meanwhile, the market got a boost from a government report that wholesale inflation was in line with expectations.

The Labor Department said the producer price index rose 0.5 percent in April as the price of gasoline jumped significantly. But the index's core rate, which strips away volatile food and energy costs, was up a mere 0.1 percent. Separately, the department said first-time claims for unemployment benefits held steady at a moderate 303,000 last week. A more reliable four-week moving average of jobless claims dropped by 4,000 to 304,250, suggesting that unemployment will remain at 4.3 percent this month, near a 29-year low. Nasdaq Stock Market lowers as technology shares stumble.

NEW YORK (AP) Stocks were mostly higher Thursday on reports showing moderate inflation, with the Dow Jones industrial average and the Standard Poor's 500 pushing to new records. But weakness in some technology shares pulled the Nasdaq Stock Market lower. The Dow Jones industrial average climbed 106.82 to 11,107.19, breezing past its previous closing record of 11,031.59 posted last Friday. The Dow is up nearly 21 percent so far this year. Spicy Mike's brings Cajun downtown Automated Teller Machines a.

MP. if A bff -'it it 1 4 a Rising energy costs push up producer prices Prices jump 5.1 percent in April, the largest in 9 years. WASHINGTON (AP) Most prices charged by factories, farmers and other producers remained tame in April, but soaring energy prices including a record jump for gasoline may be starting to affect consumers. The government's Producer Price Index for finished goods rose 0.5 percent in April, the Labor Department said Thursday. That followed a smaller 0.2 percent increase in March and brought the annual rate of inflation in prices wholesalers pay to 1.1 percent so far in 1999, compared with a 0.1 percent decline for all of 1998.

The April rise was largely due to a 5.1 percent jump in energy prices the largest in nearly nine years which economists had expected. After global economic turmoil pulled energy prices down sharply last year, the Organization of Petroleum Exporting Countries agreed this spring to limit production. Analysts said military fuel demands for the conflict in Yugoslavia also may be tightening energy markets. -4 Gasoline prices posted the largest price gain, an unparalleled 29.1 percent, breaking the record set in January 1990 during the Persian Gulf crisis. Fuel oil prices rose 14.3 percent, the most in five years.

However, prices paid by wholesalers for many other products, including food, computers and children's clothing dropped in April. Excluding gasoline prices, which are frequently volatile, the report "indicates continued price stability for the U.S. economy," said Labor Secretary Alexis Herman. Leaving out food and energy, core producer prices which economists watch most closely climbed a mild 0.1 percent in April. Wall Street investors, sensitive that signs of inflation could prompt the Federal Reserve to raise interest rates, chose to focus on that positive aspect of the report.

Both the stock and bond markets rallied in early trading Thursday. Many economists believe the spike in energy prices is likely to be temporary, but warn it could lead to more widespread, mild inflation. Associated Press SEEING DOUBLE: Richard Swartz, right, has his eye scanned as his identical twin, Michael, looks on during a demonstration of an Iris. Recognition ATM in Houston on Thursday. Money in your hands, in the blink of an eye SPICY MIKE'S opened Thursday at 1147 E.

Eldorado bringing Mike Lee's Cajun-style fare downtown. Lee has operated Cajun Joe's in Woodmound Plaza for several years. Both outlets are owned by Decatur Subway Inc. and Lee's northside operation will soon be renamed Spicy Mike's too, said Subway President Gary Haines. Only long-time Decaturians will recognize Elam's tenderloin among the menu items.

Elam's Root Bear on West Eldorado was a favorite spot, particularly for teens, for more than two decades. Other Spicy Mike's fare includes walleye, wings, strips and chicken nuggets, jalapeno poppers, jambalaya, okra, corn on the cob and red beans and rice. Hours are 10:30 a.m. to 8 p.m. seven days a week.

Phone 425-5710 for carryout. THE ABRUPT closure of Bixby's CafeBixby Bagel Co. in Brettwood Village saved Bronx NY Bagels for the north side and speeded up John Cardwell's plans for delisandwich shops in three locations. Cardwell recently bought Bronx NY Bagels, 2828 N. Main and had planned to rename it, expand the menu and move it to the former Sears tire store, opening next month as Main Street Mall.

But with Bixby's closure May 4, Cardwell will keep Bronx's northside location while changing the name to better reflect its lunchtime appeal. Both shops along with a third in Mount Zion later this year will be named Bronx Bagel Deli and will offer soups, sandwiches and other fare along with bagels. LINDA JEPPSON has closed the Lamplight Art Gallery in Franklin Mall and moved the business to her home, 1504 W. Hunt where she will open a showroom on Saturday. Jeppson, who was in Franklin Mall for 19 years, said the move will give her more time to devote to painting and other interests.

For appointments, call 428-2968. KATE'S WAG 'N TRAIN is a new dog training service in which Kate Schniepp teaches "you how to teach your dog basic manners." Group classes, puppies and adult dogs, start June 12. Specialty classes and private lessons are also available Call Schniepp, 875-1751, for more information. SEALTH LIFE Solutions 221 K. Wabash is an independent insurance agency specializ-ng in group life, health and disability policies, long-term care and Medicare supplements.

Principal Patty McNulty has 20 years experience group benefits administration. Call 424-1840. TAGLINES: Feel adventurous? Join Soy Capital Bank's Soy Travel Club on Thursday for a day of fun. Travel Director Judy Jouglet says the destination's a secret, but she promises the daytrip will be worth the $75 charge. Call 428-7781.

On June 12, Soy Travel Club will take in "Cabaret" at the Shubert Theatre in Chicago. Tickets, transportation, lunch and dinner total $120. The new Casey's General Store in Long Creek should be ready to open in late July, says Linda Carmody, a spokeswoman for the Ankeny, Iowa, chain. There are now nearly 1,200 Casey's locations, including those at 1671 5. Taylorville Road and 1525 W.

Mound Road. Casual Corner, a long-time fixture of Hickory Point Mall, is closing May 25. Texas Roadhouse in Forsyth opens Monday. On Business, published Fridays in the Herald Review, highlights new businesses and business developments. E-mail: bzscribeaol.

com. other kinds of financial transactions. The iris recognition and software process was invented a few years ago by Dr. John Daugh-man, of Cambridge University in England. It's marketed in this country to financial institutions by Sensar of Moorestown, N.J.

Bank customers at three locations in Fort Worth, Houston and Dallas, can have their iris photographed electronically at the bank. Bank United hopes to have more eye-scanning ATMs up and running within the next year. EYE Continued on C2 To demonstrate, Richard Swartz, a 25-year-old Rice University graduate student, had his iris photographed by a bank employee. Minutes later, Swartz was able to withdraw $40 out of his account, without inserting a card or punching in a secret identification code. Then, Swartz's brother Michael walked up to the machine.

But since his iris didn't match his brother's, the ATM refused to give him access. Iris identification already used by at 11 banks outside the United States is expected to eliminate the use of cards and passwords, not only at the cash machine but eventually in many "It knows you just by looking at you," says Ron Coben, Bank United's executive vice-president. "There's no card to show, there's no fingers to ink, no customer inconvenience or discomfort. It's just a photograph of a Bank United customer's eyes." Here's how it works. A customer has a close-up photo of his eye taken at the bank, and the picture is stored in a computer.

When the customer goes up to the ATM to take out money, he presses a button to start an eye scan. The ATM then matches the picture of the iris with the one stored in the bank's database to confirm the customer's identity. Texas bank first in nation to put iris recognition technology at ATMs. HOUSTON (AP) If you can't tell identical twins Michael and Richard Swartz apart, do what Bank United of Texas does look them in the eyes. On Thursday, Bank United became the first in the United States to offer iris recognition technology at automated teller machines, providing the Swartzes and other customers a cardless, password-free way to get their money out of an ATM.

1 Financial News DOW(Industrials) Updates at your Chicago (AP) Futures trading on the Chicago Mercantile Exchange: 52-wk Hi Lo Name 52-wk Hi Lo 52-wk Hi Lo Name Last Chg. Last Chg. Name Last Chg. Chfl. Chicago (AP) Futures trading on the Chicago Board of Trade: Open High Low Settle Chg, WHEAT 5,000 bu minimum- cents per bushel fingertips 475-7000 1 Open High Low Sett CATTLE 40,000 cents per lb.

Jun99 61.30 61.62 61.07 61.40 Aug 99 61.60 61.80 61.40 61.67 Oct 99 64 02 64.17 63.87 64.10 Dec 99 65.15 65 40 65.12 65.27 Feb 00 66.12 66.35 66.12 66.22 Apr 00 67.45 67.65 67.45 67.65 JunOO 65.37 65.37 65.30 65.30 Vk May 99 264 265 263 263 Jul 99 270 274 270 270 Sep 99 280 294'A 279 280 Dec 99 295 298 'A 294'A 294 Mar 00 307 308'A 305 306 May 00 311 Jul 00 319 .30 .12 .13 .15 .07 .10 Headlines 5025 Marfcet Averages 5026 Grain markets Decatur area prices suppbed by ADM Growmark-Tabor Co. Corn $2.01 Beans $4.48 Wheat $2.14 Hogs volume Top Peoria 700 $38.00 Interior 32,000 $55.85 Cattle volume Top Peoria na na 1 Wed's sales 12,798 Wad's open mt 1 03,776, down -1 32 FEEDER CATTLE 50,000 cents per b. NYSE Winners 5028 NYSE Losers 5029 Weekly Winners 5030 iWeekly Losers 5031 70.50 70.60 7030 70.42 Index Name Close Chg. May 99 Aug 99 Sep 99 Oct 99 Nov 99 Jan 00 Mar 00 72.80 72.95 73.05 73.05 73.45 73.60 74.60 74.60 75.10 75.10 -32 i rcwfeth i 72.50 72.50 72.70 72.70 73.25 73.32 74.50 74.50 75.05 75.05 74.45 47726 McDnldss40 61 15V4 McLeod 55 39tV25V4MerctlBk 38 7 87 55 Merck 731 7w 10935 MerrLyn 86V4 1 95 41 Microsft 79 -1 3416 MHIenChm23- 97 65MMM 90Vw-2V 109627Mobil 96' -Va 631V33 Monsan 49 -V 1 1 6Vi636 MSDWit 1 081 Vie 87V4 38 Motorola 85-1 Vyt 75 57NatlCity 72 1 56 V4 17 Navistar 55 36725 NorttkSo 36V 76471V PPG 69" 78 35 Penney 46 4327w PepsiCo 37 1 150 86 Pfizer 117V2V 59 33V PhilMor 39 1 103Vie65VB ProctG 92 65 39V Sears 49 -2 25 16 Svcmstrs18-V 85 37 Tandy 81 w-2 70V44 Texaco 69 73V45 Transam 88V40'4 Tycolnt 88 Vw1 94 55'AUAL 83 1 41 V32 Unicom 40 61'V40UPIntr 43 -V UV 5V4 Unisrce 11 -V 36 17 Unisys 34 7 53 26V WalMart 47 33V1 6 Walgm s25'V 35157WallCS 23 7040'V Whrlpl 7321V NYSE Active 5032 89Vi645)AMRs 74-Vie 64' 60Ktyv 535ie35VAtinjb 49Vi6Vie 1616 7 Airgas 12 -Vie 9Vie 2Akom 4 Vfc 52 34 Allstate s39V- 44V35tVieAmeren 39V 70'443'Vi6 AHomeP 63M-11A 39V22 AmStor 31 Vw 691V41Amentch 671V 79V45'4 Anheus 73Vw1lVi6 50 25AppleC 46Vw-Vi6 29 167b Applebee 28V2 -V 21 13 ArchDan 16Vie 431fa 25AsdBncs 36V4 VW 87 52V2At1Rich 38 20 AutoZone31 -2 115 73 BPAmoco107ye) 61V2 36V8BankOne 63 2 76 51V2 Baxter 68 2 57 14 BestBuy8471-1 60 43Vt Bestfds 54V2-1 Vtt 26 18 BobEvn 18-fe2 36 16CBRLGrp19 -Vt 47V 18 CBS 46Vis 50V38Vi CNB Bcsh40Vw-S 29 V4 291V 54 36 CSX 49 351619 Cabot 27 19ie14CartWal 18 17 121ACaseys 14 667w39VwCaterpir 60 1041V16 73 Chevron 94 el1 77 28 Citigrp 73' 88ie53CocaCI 65-" 21 V12V4 ConsPdts 51816 Vie 66 22Comingln57Vie-'ie 37 21 Crane 31 Vie 10874 DaimlrC n96Vie V4 56 28 Deere 411Vie-2V 40 V22 Disney 29 Vie 48 30 DonlleyRR36 138 741V DowCh 1331 Vie 84 V50 Vie DuPont 71 4'Vie 1 EglFd 252 -2 84V2814 EqtCos 70tV3 871457'16 Exxon 79Vw 13 7FalconPd 11 'A 26 11FamDlr 24Vie-Vi6 53 20 Fastenl 50V4'ie 7 7w 3Fedders 6Vie 48 34 FMidBc W'Vw'Vie 6738y FordMot 63 -1 71164616 GTE 66'Vi61yie 11 7 Vie 69 GenElec109Vw 9447Vie GnMotr 86 -2 55 726 Goodrch 42-" 73 V445 7 Goodyear 64 Vie 50Vie24 Hanson 48 -'A 8347Vie HewtettPk 873 67Vi631 Home Dp58 "Vie -Vie 341 7Vie IMC Glo 24-1 24 5 lkonOffSol12 31 20 lllinova 26 1 73yi6 34 IngerRd 69 71 32 Intel 60Vw-27ie 20 9 IntmetC 13-Hie 228 71 06 IBM 24620 59 35 IntPap 53 20 10 Kmart 17 78 34Vie Kohls 69tV40Vi6KrogerCo 55V 3121VLeeEnt 28 -V 105 67 UncNatUr 66 723 Lowes 55 67 26 Lucent 61 17V10VMYR 14V AMEX Active 5033 2389 Wed's sales 25.577 Wed's open int 111,292, down -488 CORN 5.000 bu minimum- cents per bushel May 99 221 223 221 221 1 Jul 99 223 226 'A 222 224 Sep 99 227 230 227 228 'A Dec 99 235 1 A 238 'A 235 236 Mar 00 244 247V. 244 245'A May 00 249 251 249 249 Dec 00 258'A 258 257 257 Wed's sates 63.564 WecTs open Int 338.434, up 1092 OATS 5.000 bu minimum, cents per bushel May 99 126 126 126 126 Jul 99 127 127 124 125 'A Sep 99 123 124 122 123 -Vk Dec 99 126 126 124 125 -V Mar 00 131 131 130 130 May 00 131 131 131 131 Wed's sates 2,431 Wed's open int 13.761.

up 608 SOYBEANS 5.000 bu minimum, cents per bushel Wed's sales Wed's open int Dow Jones Industrials NYSE Composite Amex Index NASD Composite NMS Composite Value Line Arithmetic Value Line Geometric Wilshire 5000 11107.19106.82 651.35 3.67 800.39 2.04 2582.00 1172.36 1367.56 3.56 1025.82 6.94 461.82 2.97 12549.05 38.66 17.905, up 229 NASDAQ Active 5034 Spot commodity prices: Prev. Year Oose Day Ago Aluminum 61.4 60.4 61.1 Copper 74.00 75.00 82.00 Gold $277.85 277.55 296.15 Silver $5,465 5.380 5.620 HOGS-Lean 40,000 cents per lb. 59.70 60.10 59.25 60.05 -20 60.65 59.60 56.15 54.90 Jun 99 Jul 99 Aug 99 Oct 99 Dec 99 Feb 00 CBOT Overview 5035 CBOT Prices 5036 Chicago Merc 5037 Precious Metals 5038 60.25 60.80 59.50 59.65 55.95 56.20 54.70 54.87 57.50 57.75 60.95 60.20 56.45 55.20 57.82 EZHSEZZ 57.60 56 80 .08 56.85 56.80 56.85 Apr 00 Wed's sates 10.601 Key barometers in the Treasury market Yield Prev. Wecfe open mt 58.638. up 447 (Treasury Bills 5039 PORK BELLIES 40,000 cents per b.

CSCE 5043 58.30 58.65 56.90 58.62 466 474 477 80'A 487 -6 -4 -4 -6 -6 Spot commodity prices Prev. Close Day Saudi Arabian light 13.25 12.80 North Sea Brent 15.10 14.65 West Texas I. 17.95 1758 Alaska-West Coast 16.28 15.82 May 99 Jul 99 Aug 99 Sep 99 Nov 99 Jan 00 Mar 00 468'A 461 462 476 469 469 479' 473V4 473 481 475 476V4 489 463 483 499V4 493 493 508 503 503 lee 55.417 .37 .07 .12 .06 59.10 59.45 58.60 58 00 May 99 Jul 99 Aug 99 Feb 00 Mar 00 4.8125 4.6875 4.47 4.49 4.78 4.73 5.46 5.50 5.75 5.78 Federal Funds 3-month bill 1 -year bill 10-year rate 30-year bond Spot Crude 5018 Exchange Rates 5046 57.85 59.02 57.80 58.72 68.35 69.70 1.743 6,371, down -47 497 506 Wed's ss FOOTNOTES: New 52-week low. dd Loss in last 12 mos. New issue in past 52 weeks, pf iPreferred.

Split or stock dividend of 25 percent or more in past 52 weeks, New 52-week Ngrt. Wed's sates Wed's open int Weds open mt 160.733. up 2458 AGEdwards Inc. William Modlin Kit Paulin Mark Reynolds Edward Seymour Gerald Sheehan Bart Idle William Krueger Joseph Meyers Ronald Miller Vickie Miller Gregory Bafford Thomas Caufield Jeremy Donaldson Terri Fisher George Hubbard Michael Sheehan Roger Tice Frances Williams Rork Williams IM-39-0297-EDE 2884 N. Monroe Decatur.

IL 62526 (217) 876-8500 800-388-1808.