The Buffalo News from Buffalo, New York • 35

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Seibel 80 12 Selcttns 1 08 22 Sensor 05 9 Sequent ll SvcMer 08 4 SvOak 16 10 ShrMed 72 21 Shwml 2 04 IS 4 Shoney 16 20 ShonSo 7b4 Shrwd SgmAI 28 34 1 StgmD SricnGr IS 1 Silicons 74 SilicVI b4 Sihcnx SIvSlMn 1 SimAr 8 1 Suier 13 Smlh 164 Society $1 20 29 SocIvSv 36 15 SottwA 10 SflwPb 1 2 SonocP 52 22 Sonora S' SCarNt 56 20 Sounet 13 SohidSv 124 1 Soutrst 80 17 Sovran I 44 30 Soartc 6 Slandy 1 20 31 SldMic 6 SidReg 44 I9 SlrptSv 1431 II StaStB 44 72 StwBc 80 21'4 StewSlv 15 Slwlnf 76 13'1 4 Stratus 21 StrwbC! 93 29 1 Slrykr 17 SludL vl 61 Subaru 38 7 Suffin 20 8 Sumitfi 23 SunGrd 13'4 1'4 SunMK 13 Sunwsf la 26 SymbT 29 Symbhc 2' Systtn 8 Svslntg SvSoftw 9 4 Svstml TBC 94 TCA 24 TCBY 9 TCP 7 TMK 20e 7 TPlEn 4'j TS Ind 6 I' TSO Talman 7 Tandon 2 b'2 TchDIas 9 Teknwd 2 TkmA TlCm wl Tekrd 24 32 Tetmaic 8l Teiabs 12 Telxon Ole IS Tennanl 96 11 Teradta II JCom 1941 Tokio 191 692 Topps 17 I91'8 TrnMu 164 TrfSiar 10 TriadSy 9 Trlmed I 11 Tsrlcp 128 TOCnln 32 18 TycoTy 94 Tyson 04 17 UST 43 2I 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7 63 Nov 1987 9931 100 2 1 551 8 50 Nov 1987 100 4 100 7 1 533 HOD Nov 1987 100 3 1006 1 498 1263 Nov 1987 1004 100 7 1 5 58 1125 Dec 1987 100 23 100 26 1 58? 7 88 Dec 1987 100 6 100 9 2 5 91 8 13 Jan 1988 10011 100 14 1 6 16 12 38 Jan 1988 1015 1018 1 579 10 13 eb 1988 100 31 101 2 616 1038 eb 1988 10031 1012 640 8 00 eb 1988 100 12 100 16 1 634 12 00 Mar 1988 101 30 102 2 2 67? 7 13 Mar 1988 1003 100 7 6 53 663 Apr 1988 99 25 9929 1 682 13 25 Apr 1988 103 1034 1 6 05 8 25 May 1968 10020 10024 5 678 7 13 May 1988 100 100 4 2 689 988 May 1988 101 13 101 17 2 689 10 00 May 1988 101 11 101 15 8 713 7 00 Jun 1988 99 28 100 3 698 13 63 Jun 1988 104 4 104 8 3 687 6 63 Jul 1988 9916 99 20 3 713 1400 Jul 1988 104 27 10431 1 656 6 13 Aug 1988 992 996 3 714 9 50 Aug 1988 101 20 10124 4 713 10 50 Aug 1988 10211 102 15 2 717 6 38 Seo 1988 99 4 998 4 723 1130 Seo 1988 103 14 10318 6 723 15 38 Oct 1988 108 1084 1 639 6 38 Oct 1988 993 997 3 7 20 625 Nov 1988 9827 9831 3 726 8 75 Nov 1988 101 14 10118 2 7 15 8 63 Nov 1988 1015 101 9 4 7 31 11 75 Nov 1988 1046 104 6 733 10 63 Dec 1988 103 13 103 17 5 7 37 6 25 Dec 1988 98 19 98 23 5 741 613 Jan 1909 98 10 9814 3 745 14 63 Jan 1989 1087 108 II 3 7 21 800 eb 1989 100 16 10020 2 7 47 625 eb 1989 989 9813 6 7 S3 1138 eb 1989 10416 10420 4 7 SC 1125 Mar 1989 10418 10422 9 766 6 38 Mar 1989 98 9 98 13 5 758 7 13 Apr 1989 99 6 9910 5 7 62 14 38 Apr 1989 MS 1099 6 748 6 88 May 1989 9826 9830 5 762 925 Mav 1989 1023 1027 9 768 8 00 May 1989 100 13 100 17 5 763 1175 May 1989 10523 10527 6 763 7 38 Jun 1989 99 14 9918 6 765 9 63 Jun 1989 102 26 6 769 763 Jul 1989 9923 9927 7 7 71 14 50 Jul 1989 11016 11020 7 769 7 75 Aug 1989 99 28 100 6 7 74 663 Aug 1989 982 986 6 7 72 1388 Aug 1989 10928 110 8 774 8 50 Seo 1989 101 5 101 9 6 7 76 938 Seo 1989 10223 10227 5 7 73 1188 Oc! 1989 107 1 I07 5 1I 784 7 88 Oct 1989 1007 10011 9 769 638 Nov 1989 97 6 9710 783 1075 Nov 1989 1059 7 782 12 75 Nov 1989 108 31 1093 6 782 838 Dec 1999 10027 10031 7 787 1050 Jan 1990 104 29 105 1 10 795 3 50 eb 1990 92 23 939 4 67? 6 50 eb 1990 9621 97 9 796 1100 eb 1990 1061 1065 7 798 7 25 Mar 1990 989 98 12 8 800 10 50 Apr 1990 105 9 105 6 802 788 Mav 1990 99 17 9921 6 803 8 25 May 1990 10118 10128 4 742 1138 May 1990 10712 10716 6 804 7 25 Jun 1990 98 984 4 804 10 75 Jul 1990 1062 1066 9 814 7 88 Aug 1990 9917 9921 9 801 988 Aug 1990 1046 10410 5 810 10 75 Aug 1990 106 9 10613 5 812 6 75 Seo 1990 9613 96 17 811 1150 Ocl 1990 108 12 108 16 10 8 19 9 63 Nov 1990 10372 10326 7 818 13 00 Nov 1990 11217 11221 8 820 663 Dec 1990 95 18 9522 9 820 1175 Jan 1991 10916 10920 8 825 9 13 eb 1991 10210 10214 7 8 25 6 75 Mar 1991 9513 9517 8 828 12 38 Apr 1991 11127 11131 11 831 8 13 May 1991 9913 99 17 8 8 28 14 50 Mav 1991 11816 11820 9 831 7 88 Jun 1991 9815 9819 2 8 32 13 75 Jul 1991 116 20 11624 8 838 7 50 Aug 1991 976 97 10 6 834 14 88 Aug 1991 120 16 12020 7 839 9 13 Seo 1991 102 20 10224 il 829 12 25 Oct 1991 11211 112 15 11 847 6 50 Nov 1991 93 12 93 16 9 843 14 25 Nov 1991 1196 11910 il 849 1163 Jan 199? 1)024 11028 8 848 663 eb 1992 93 5 93 9 14 853 1463 eb 1992 12111 121 15 853 11 75 Apr 1992 1 1112 111 21 858 6 63 May 1992 9223 92 27 17 856 13 75 Mav 1992 11831 1193 18 857 10 38 Jul 199? 10671 106 25 20 858 4 25 Aug 1987 92 9223 939 588 725 Aug 1992 97 7 9711 18 792 8 25 Aug 199? 9824 9828 12 8S3 9 75 Oct 199? 10416 10420 17 858 838 Nov 1992 9918 9922 18 8 44 10 50 Nov 1992 10717 10721 15 859 holding taxes Treasury note Treas ury note and non US citizen exempt from 8 75 Jan 1993 100 II 100 15 18 863 4 00 eb 1988 93 92 23 93 9 548 6 75 eb 1993 9229 93 15 17 830 7 88 eb 1993 9625 9629 18 861 1088 eb 1993 1091 109 5 13 867 7 38 Apr 1993 948 9412 13 869 1013 Mav 1993 105 30 1062 8 87? 7 25 Jul 1993 937 93 11 13 875 7 50 Aug 1988 93 94 11 94 17 16 87? 863 Aug 1993 99 99 26 10 866 1188 Aug 1993 113 15 113 19 16 8 82 713 Oct 1993 928 12 14 810 863 Nov 1993 99 14 9920 14 8 70 11 75 Nov 1993 1138 113 12 14 8 84 700 Jan 1994 918 9112 15 883 900 eb 1994 10027 10031 16 8 79 700 Apr 1994 91 914 883 4 13 May 1989 94 92 2 3 93 9 8 536 13 13 May 1994 120 14 120 18 7 8 90 8 00 Jul 1994 9519 95 23 13 8 86 8 75 Aug 1994 9919 99 23 20 880 12 63 Aug 1994 118 13 11817 10 89? 9 50 Oct 1994 10320 877 1013 Nov 1994 1062 1066 16 89? 1163 Nov 1994 113 26 12 894 3 00 eb 1995 9223 939 4 407 10 50 eb 1995 1081 I085 1I 895 1125 eb 1995 11121 112 13 197 10 38 May 1995 107 12 107 16 1 8 98 1125 Mav 1995 11131 1123 15 900 12 63 May 1995 120 1204 18 8 90 10 50 Aug 1995 1081 108 5 18 901 9 50 Nov 02 23 10227 899 1150 Nov 1146 11410 25 896 888 eb 1996 99 )0 99 14 13 897 7 38 Mav 1996 8931 903 25 907 8 63 Aug 1997 9720 97 24 25 897 7 25 Nov 1996 8827 8831 23 906 850 May 1997 96 16 96 20 903 7 00 May 1993 98 86 16 8620 25 8 99 3 50 Nov 1998 9223 93 9 8 4 27 8 50 May 1994 99 9516 9520 2 5 9 12 7 88 eb 1995 00 90 19 90 23 29 9 )5 8 38 Aug 1995 00 94 944 14 9 16 1175 eb 2001 119 28 1202 I 9 11 13 13 May 2001 130 13 13019 30 9 )4 8 00 Aug 1996 01 91 8 9114 11 9 10 1338 Aug 2001 132 20 13226 30 9 14 15 75 Nov 2001 151 15 151 21 30 914 14 25 eb 2002 140 1 1 14017 30 9 11 1163 Nov 2002 1193 1199 1 9 23 1075 eb 2003 112 1 112 7 12 924 10 75 May 2003 1)2 1 1127 1 925 1113 Aug 2003 11428 1152 1 11 928 1188 Nov 2003 121 9 121 15 30 928 12 38 Mav 2004 12 5 23 125 29 30 9 28 1375 Aug 2004 137 25 13731 30 925 1163 Nov 2004 119 i7 11923 1 930 825 Mav 2000 05 9118 9124 29 921 1200 May 2005 122311235 30 930 10 75 Aug 2005 112 7 112 13 30 9 31 938 eb 2006 10110 10116 29 9 20 7 63 eb 2002 07 8S2? 8528 25 9 20 7 88 Nov 8726 88 27 9 20 838 Aug 2003 08 913 919 112 933 Nov 2083 08 9427 951 9 29 913 May 2004 09 9729 983 19 9 33 1038 Nov 2004 99 10810 108 16 31 945 eb 2005 10 120 11 120 17 3 1 951 1000 May 2005 10 10514 10520 26 9 39 1275 Nov 2005 10 1297 129 13 3 1 9 57 13 88 May 2006 11 1403 1409 12 955 1400 Nov 2006 11 14123 12 953 10 38 Nov 2007 12 10827 109 1 30 9 43 12 00 Aug 2008 13 12411 12417 28 944 1125 May 2009 14 136 7 13613 26 9 48 12 50 Aug 2009 14k 12922 129 26 25 943 Nov 2009 14K 123 15 123J1 28 934 1125 eb 2015k 12029 1213 914 1063 Aug 2015k 1151 1157 30 911 9 88 Nov 2015k 10615 10621 1 1 921 925 eb 2016K 100 18 10024 21 917 725 May 2016k 8019 8025 21 916 7 50 Nov 2016k 83 I 83 7 19 916 8 75 May 2017k 95 11 9534 30 917 888 Aug 2017k 979 97 15 16 9 12 Non citizen exempt from with withholding taxes New York State Tax ree Bonds (Source Roowvolt Crott Inc Buffalo Off Ico Bld Aik Chg MAC Ser HH IV 100 101 MAC Ser 49 07 (5 (4 NYS MIO AMT4J 17 W' KV'l 'I NY HsoCeAABlAW 04 W'l 10IV Mun Wfr7s 91 IOV WVi '4 NYC Mun Wlr9s 17 lOl'j I07V1 NY ThruwavRev31 94 87 (4 NYS UD 4s 11 72 74 Port 7'n 17 M' BOV 'h Power Au ETM 57 10 70 71 'h Power Au 7i 14 (S'i OA' 'n Triborouflh 1 17 94V1 'n Buffalo Produce Wholesale Prices Nov 2 CITRUS Grapefruit: cfn Red 77s 1450 32s 12001300 1I0GII50 40 9 50 10 00 40 9 00 1000 54s 8 00 White 1350 1250 1 100 40950 1 100 40050 1000 Lemon: dns AZ'CA fair Ruel 95115 2000 2100 140 1400 1 500 onelabel 1200 tins 95 1100 1050 140 1400 1450 one label 751151150 1200 Lime: ctn Persian Seedless type 10 lb 545 25 4 00 435 50400 MX 54435 4 50 5 00 Oranges: CA ctn Navels 7200 21002200 113 200G21 50 firqual72 Ms 1900 2000 ctn Hamlins 100 14 00 125 1 150 1300 Navel 00 14 50 fair qua 1 1250 100 1450 fair qua I 1150 Tangerines: ctn Robinsons 150 2000 2100 MX erf Dancy ISO 15 00 1400 174 15 50 fair qual 050900 210 fair qual 700 000 MiKtllaanous Citrus Oranges: ctn Eacly 00 1050 1100 125950 1000 5atu maL4(5buctn50s 1250 RUITS Apples: Loose pack buctn 1 1'1 buctn unlessotherwi se stated NY 5 ey 2 34' and up Red Delicious 100 2 12' min Red Deli cious Cortland Golden Delicious McIn tosh Ida Red 450 700 USOl 2 12' min McIntosh Cortland Ida Reds Red Deli cious Yellow Delicious 450 700 USfl 2 12' upBubskl buctn Mulsu (Crispin) 9 00 10 00 Red Spy 700 100 USII 2 min Ida Red Red Delicious McIntosh Cortland 400450 Ctn l23lblilmbagsUScy 8 00 8 50 USII 2 14' up Cortland McIntosh Ida Red Red DeliciousOOM 50 cell pack NY US combination Excycy Empire 120s 1 100 traypack NY Comb US Etcy cy Red delicious 00 113 1250 120 125 1000 1050 WA WA Exley Red Delicious IOOs 1200 14 00 best 1500 1400 Golden Delicious WA Exey 100s 1400 1500 Granny Smith WAWA Exey 100s 2250 AZCA US ancy 100s 1900 2000 Avocados CA 2 layer ctn Hass 36s 1500 1550 Lgreenskinone layer ctn 12400450 Grapes Table: CA 23 lb lug Emperor 12 50 1300 Ribier 12 00 13 00 Red Seedless 1400 21 lb lug wrpd Ruby Seedless 1350 14 50 Thompson Seedless 20 lb lug wrpd 14 50 fair cond 000 1000 14 lb lug wrpd 18 0018 50 bagged 1500 1 5 50 Pears: WA 45 buctn Sil paper wrapped Anjou 100s IS 00 1550 Red Bartlett 110s 2100 2150 Bose 90 sr 21 50 2200 100 si 2050 21 00 IK si 19 50 2000 NY bubsktctn Bose 2 34' min 1300 1350 2 12' mln 1200 1250 2 14'min 1100 1150 Anjou 2 l2'min700 Persimmons: CA one layer lug Hachiya 25 32800 1000 43s wrpd 1000 PomegranalesCAIlayerlugEarlyoot hill 30000 Wonderful 20 30 1 200 36 1250 BERRIES Cranberries: MA ctn 24 12 oi Early Black 1550 1400 MELONS Honeydews: AZCATXVi ctn 54s 400 650 CATXOs400450 Watermelons: TX ctn Royal Sweet price per Ibavg wt I2 O5lbsl3 I4cents VEGETABLES Artichokes: CAdn 36s 10 50 1 100 Beans: Green buhmpr lair qual 2450 Beets: Bunched NY ert 4s 350 400 ert 12s 950 OH 1 19 buctn 12s Ige 700 7 50 Broccoli: Ctn bnchd CA 10s 900950 one label 1050 NYIOO Brussels Sprouts: CA25lbctn II 00 1200 Cabbage: NY Uh I buctn Danish type medlge 325 400 Ige 300 Rad 400450 Savoy 50 5 00 Carrots: ilm bags in master containers medlge size unless otherwise stated CD 481 lb 242lb6om $0 105lb60025lbloose jumbo 2 50 300 Repacked locally 25 lb loose jumbo 2 50 300 Minature CD 25 lb bag 1325 1350 BunchedCActnl2sl100 l1 50 Caulif CA flat ctn film wrpd 12s 900950 one label 1000 NY ctn jacket packed par tially trimmed I2S60G 700 6s 250 300 Celery: CA ctn 2 dr 100010 50 2 12 dz 10 501100 Corn: ert approx 4 12 5 dz yellow 800450 fairqual750 Cucumbers: 119 buctn waxed med LGA 900 950 best 1100 1150 fair qual 750 850 Eggplant: ctn purple type smlmed 800 9 00 EndiveEscarole: 1 19 buctn 750 800 24s Endive 900 Escarole 1000 1 19 buctnNJ7S0400 Greens Misc: 24s NJ ctn Mustard Tops Kale Collards Turnip Tops 750 OH Col lards Turnip Tops KalelSO Lettuce: Iceberg $0 NJ Bubskts 1500 Parsnips: bag 1100 1150 Mlctn Peppers: California Wonder type green 1 19 buctn unless otherise stated CAL Ige 1300 1350 TX Ige 1300 1350 fair qual 1050 12 00 ord qual 850 900 med D00 1150 fair qual 9 00 10 00 buctn Hungarian wax 950 Jalapeno 16 50 Potatoes: Round Whites 50 lb bag US Hl Size A washed unless otherwise stated Round Whites NY 350 400 ige 54 600 Wl As 550 600 ussets: 50 lb ctn counts Burbanks: Wl 7080s850 900 90s7 50 800 100s650 700 ID 70 80s 1000 1050 90s 900 1000 100s 800 900 1 10 120s7OM00 IOozmin77M50 Radishes: ctn Topped Red him bags 306 oz 14 1 lb 40M50 Bchd Red ctn 24s CA 700750 OHIqtbskt750 Spinach: CActn flat leal bunched 900 Savoy type Bubskt 1050 repacked locally ctn film baos6)0M380 I2I0oz7247 805lb475 500 Squash: Lft or 59 buctn Zucchini sml 8 50 900 med 60M50 NJ 59 buert sml 900 Yellow Straightneck L' buctn med 800 8 50 NY bubsktbudn Acorn Buttercup Butternut sacks Grey Hubbard Delicious 350 400 Sweet Potatoes: 50 lb ctn USll Puerto Rico type uncured unless otherwise stated NGNJ'SC 9501000 Jumbo NCSC 700 800 'buctn Yellow Jersey 1000 1100 Tomatoes: A 25 lb ctn Pink unless other wise stated 5x6s 1150 1250 6x6s 950 1100 6x7s 750 850 repacked locally film wrpd pink 10 8 qt 375 425 Green house OH I qt 704 750 Cherry Toma toes: 121 pt trays medlge Light pink red MX75M00L704750 Turnips: MIPA25lbfilm bag PurpleTop smlmed 80M75 NJ 1 19 buert I5M00 CD 50 lb ctn Rutabaga waxed 3 1 654700 MISCELLANEOUS Bananas: Central South America 40 lb ctn 850 Cider: Yctn6 1 gal plastic jugs 1 50 gal Garlic MX 30 lb ctn Colossal 23042400 Super Jumbo 21542200 Ex Jumbo 1904 20 00 Corn Dry: NY Indian Com erts price per bunch3s45 50PopplngCornlqtbskt500 Gourds: NY 8 qt bskt small 304350' bubskt 5QM00 ShellacDeco painted 1004 1100 iwifruit: NZ I ug 33 39s6OM50 Olives: CA lugs CoUossal 1900 Jumbe 1800 Giant 17 00 Pineapples: ctn CR 1 50 HO 1 104 MX I0M50 Pumpkins: NY pie dns 454500 Jack lanterntotes Ige 45045000 Page 9 Elected VP IgL DOUGLAS KABEL has been elected a vice president of Norstar Bank in Buffalo He is senior ad ministrative officer in the opera tions division Previously he was an assistant vice president at Nor star Bank of Upstate New York in Utica He is a graduate of Hobart College Clarkson College and the School of Bank Administration at the University of Wisconsin He al so is a colonel in the US Air orce Reserves He is moving from Utica to Orchard Park Elected President ij! ft Jt A A III ftftl JILL A SHAPERO has been elected president of the Western New York Chapter National Association of Bank Women She is an assistant vice president at Key Bank of Western New York Also elected to association posts were: vice presi dent Jacqueline Oehler Sherry as sistant vice president at Empire of America ederal Savings treasur er Patricia King of Chemical Bank and secretary Claudia Con roy assistant vice president at Ma rine Midland Bank ML 1 i President JOHN DENISCO of Buffalo State College has been named president of the Association of Information11 Systems Professionals The other new officers of the group are: vice president of programs Patricia German Niagara Mohawk Power Corp vice president of member ship Jayne arkas Greater Buff a lo Chamber of Commerce treasur er Judy Lounsbury Niagara County Community College and secretary Cindy arthing Ruslan der Sons Business So Highlights US Companies Claim Shortage of Chips WASHINGTON (AP) Japan has stopped flooding world markets with low cost computer chips the US government says but now a new problem: a scarcity of Japanese chips The Commerce Department said Monday that Japan which earlier had ceased computer chips or semiconductors at bar gain basement prices in the United States also has stopped the prac tice in foreign markets That finding is likely to lead to a further reduction of the $300 million in retaliatory tariffs President Reagan imposed on Japanese elec tronics products last April adminis tration officials said monthly monitoring now shows clear firm and continuing evidence that third country dump ing has Commerce Under secretary Bruce Smart said But industry officials claim that Japan in an effort to get the US sanctions removed sharply cur tailed production of chips by its pro ducers particularly those destined to US markets to drive up prices Japan has denied the allegation GM Unsure on Diesels Knight Ridder DETROIT General Motors Corp is talking to several other companies about possible joint ap proaches to restructuring its trou bled Detroit Diesel Allison division a top division official said Monday Ludvik Koci Detroit general manager declined to com ment directly on published reports that the engine operations are for sale But he said in the diesel engine industry warrant further consideration of the ways the business could be strengthened by combining activities or doing things in concert with other organi zations had discussions with a number of people Some feel that joint marketing programs are possi ble Others are interested in joint developments programs and (joint) ventures some with equity interest State Retail Sales Up ALBANY (UPI) The Retail Council of New York State Monday reported that sales In New general merchandise retail stores were up strongly last month despite the stock market plunge A statewide survey concluded by the Council Monday found that re tailers recorded average sales gains of 6 percent to 7 percent in October over October 1986 levels with many reporting double digit increases am very pleased to be able to report that consumers are not as pessimistic about these market fluc tuations as some whose views have dominated our news of said James Quaremba the statewide trade association's president Savings Bonds: 71 WASHINGTON (AP) US savings bonds will earn interest at a rate of 717 percent over the next six months the highest rate since the spring of 1986 the Treasury De partment announced Monday The department said the new rate in effect until May 1 is up from a 584 percent rate of return earned in the last six months and marks the highest interest earned on the bonds since 836 percent earned from November 1985 to April 1986 Interest on savings bonds is ad justed twice a year on Nov 1 and May 1 to reflect open market inter est rates Investors who hold their bonds for five years earn the aver age of the half year rates Yields Rise on Bills WASHINGTON (AP) Interest rates on short term Treasury secu rities rose in auction to the highest level in two weeks The Treasury Department sold $64 billion in three month bills at an average discount rate of 580 percent up from 512 percent last week Another $64 billion was sold in six month bills at an average dis count rate of 624 percent up from 598 percent last week The rates were the highest since Oct 19 when three month bills sold for 684 percent and six month bills averaged 721 percent The new discount rates under state the actual return to investors 598 percent for three month bills with a $10000 bill selling for $985340 and 655 percent for six month bills selling for $968450 In a separate report the ederal Reserve said Monday that the aver age yield for one year Treasury bills the most popular index for making changes in adjustable rate home mortgages fell to 673 percent last week after averaging 722 per cent the week before Only One Cuts Prime NEW YORK (UPI) The na tion's 68th largest bank Monday cut its prime lending rate to 875 per cent from 9 percent but other insti tutions did not follow suit and ana lysts said the move may have been premature David Bunting senior vice presi dent of Riggs National Bank of Washington DC said the bank has experienced a de crease in the cost of in the wake of the stock market's plunge last month and it hopes that the lower prime help stimulate some loan Iran Loses $13 Million NICOSIA Cyprus (AP) Slid ing stock prices worldwide and a weakening dollar cost Iran $132 bil lion during the second half of Octo ber Tehran Radio reported The official radio on Monday quoted Majid Qassemi the governor of central bank as saying that because of the slide oil producing countries should stop using the currency to gauge oil prices Because of the loss in value foreign currency in come in 1986 compared to 1981 de creased by Tehran Radio quoted him as saying Crash Hits orbes 400 NEW YORK (UPI) Thirty eight members of the orbes list of the 400 richest Americans about 10 percent would not have made it if their net worth had been count ed after the stock market plunge the magazine reported today To make the list required a mini mum net worth of $225 million and the cutoff date for qualifying was Sept 15 Among the 400 members hit by the collapse were Carl Icahn Irwin Jacobs and Lew Wasserman Texas Air Suffers Loss HOUSTON (UPI) Texas Air Corp which owns Continental and Eastern airlines Monday said it lost $728 million during the third quarter compared with earnings of $1284 million $347 a share for the same period last year The quarterly loss came on reve nues of $219 billion up from $172 billion during the third quarter of 1986 or the first nine months of 1987 Texas Air reported a net loss of $2005 million on revenues of $64 billion That compared with earn ings of $509 million or $154 per share on revenues of $278 billion in the nine months through September 1986 In Local Business Advance Environmental Interna tional Inc of Tonawanda has been chosen to conduct waste assessment studies for analysis at the JH Wil liams Company of Buffalo Dunlop Tire Corp of Grand Is land has appointed Walter Lutz Jr employee benefits administra tor He previously was qualified plans analyst and quality assurance specialist at Goldome Bank Lutz is a graduate of Union College Nemes Czajkowski Inc of Wil liamsville has been named advertis ing agency of record for Menne Nursery Corp 3100 Niagara alls Blvd North Tonawanda ederal Reserve OKs Acquisition By Parent 3 The ederal Reserve Bank of New York has approved irst Em pire State proposed pur chase of The East New York Savings Bank the ederal Reserve Bank announced Monday irst Empire State the Buffalo based parent of Bank still needs approval from a majority of East New depositors before the acquisition can occur East New York which has $17: billion in assets and 16 branches in New York City and on Long Island would continue to operate as a savings bank if it became a subsid iary of irst Empire Astronics Buying Its Own Stock Astronics Corp of Orchard Park announced Monday that it will buy back some of its stock The company said that it intends to repurchase up to 50000 shares of its common stock through open market transactions Kevin Keane Astronics presi dent and chief executive said the stock purchase program was appropriate because of current stock market conditions Astronics joins more than 200 companies na tionwide that have announced stock buy backs since the crash Oct 19 Astronics' stock price has plum meted along with the rest of the stock market in recent weeks The stock which sold for $6 a share on Oct 9 sold for $44 on riday The company said the purchase" would begin immediately and would continue indefinitely depending on market conditions The corporation has 259 million shares outstanding Local irm Completes Purchase of WNYB The TVX Broadcast Group of Virginia Beach Va announced Monday it has closed the sale oft WNYB TV to AUD Enterprises Inc a subsidiary of the Niagara ron tier Hockey Corp which owns the Buffalo Sabres The price of the station was1 $4635378 TVX acquired the station last April from Taft Broadcasting with four other Taft stations It said it i was selling the Buffalo station in order to stay within federal regular tions which limit a company from: owning more than 12 stations Other cities in which TVX owns tv stations include Washington Mi ami New Orleans Nashville Hous ton and Dallas Syracuse irm Buys Miranda ood Broker Miranda Sales Merchandising' part of the local food broker market for the last 12 years has been pur chased by Rieth Hogan Hamer Inc a Syracuse food broker 'i Carmen Miranda who operated Miranda Sales Merchandising will become the sales manager for Rieth Hogan Buffalo di vision which will remain at Ridge Road Housing Trends Is Topic i LOCKPORT Ronald Norman president of the Niagara rontier Builders Association will discuss i area housing trends at a meeting of the Lockport Eastern Niagara Chamber of Commerce at noon Wednesday in the Best Western Lockport Inn on Transit Road The association represents home build ers in Niagara and Erie counties To Discuss Health Plan The importance of a health in surance plan for the elderly to cov er expenses not covered by the fed eral Medicare program will be discussed at 2 pm Wednesday in the Lockport Senior Citizens Center 33 Ontario St The program is spon sored by Empire of America eder al Savings Bank and Empire Agen? cy Inc the insurance'1 agency I.