The Republican from Springfield, Massachusetts (2024)

October 18, 1990

Publication:

The Republicani

Location:

Springfield, Massachusetts

Issue Date:

Thursday, October 18, 1990

Page:

14

Extracted Article Text (OCR)

14 UNION NEWS THURSDAY OCTOBER 18 1990 1 41 32 NASDAQ 43e 5 20 32 70b 16 10e 14 36 10e la 48 17 3' a 9 56e 72 160 116 13 20 80 9 11 16 15 18 051 28 08e 2V i2 20 15 32 07 25 02e HCa 60e 215 16 25 if 152 26 80 14 32 15e 44 60 3 108 4 5 Co 2034 156 1 7 150c 112 30 6 4 18 Vi 2l6e 30 12' 20e 4 24 19 1 28 20 40 15 06i 40 20 5 42 80 4 15 68b 20 wt 32 68 40 3 16' 44 8 10 18 46 8 232 66e 320a 30 48 36e 37 08 92 52 152 13 11 le 40 214 88 06e 12'41 1V 4 08e 30 48e 301 12 16 2 $60a 12'4 $09 136 44 10 50 16 128 '7 191 '7 $60 76 8 12 19 32 19 161 16 5'7 IOe 40e $48 50 5 16 64 J8i 17 80 2l 16 160 $28 152 23b 8 70 1'4 1 16 5 20i 80 44 $24 88 141 Mb 110 42e 30 148 Mi 48 12 10i 25e 5 60a 10' i ''J 13 $46 120 20 2 101 28 ''4 ll' 4 60e $30 86 Qume $104 07 40 94 40 76 33 6 10 51i 2 08 26'71 20 5 72 23 wt 114a 12 2 13 16 120 160 106 25e 140 36 88 64 60 72 72 11 3 28 20 120 of 19 163 16 16 174 35 13'4 34 40 1 1 16 3 16 88 22'a 4a 40 38 318 28 $20 2'7 11 6 8 16 16 40e 19 125 12 40e 4 24 50 11 163 32 20 40 9 92 23e 31b 3 16 40 1 16 18'7 08 UtahMd $12 56 8 41 169 16 08 40a 88 234 80 5 16 16a 05 13 16 17 $108 80 40 15' 2 60 $50 120 80 9 136 16 92 32 1 $26 IVi 10 15'4 I68e 24 16 6 32 136 26 '4 10 48 68 45 15 13 12' 4 24 28'818 4 2 16 11 156 834 Vs vt $52 32 15 $20 $16 13 321 32 3g 20a 12 24 10'4 15 16 24 5 171 40 38 4 128 Vi 10 27 40 28 53e 80 10 1154 31' 48 20a 157 33 16 60 12 1 Ole 14 P1212 28 30 20 20e 281 16 36b 52 211 163 16 $05 98 84 19 Gold 44 58 Ode I 7 161 16 02r 1O 19 32 1 32 120 193 1 134 334 40 20 1 32a 12 s06i 10 1 16 12 2 5 16 1 16 $56 14 29 12 21 13e 30 30 15 16 1 16 88 3 M6 4 56a 10' 111 Silver 03 89 12 1M6 I 16 24 1 16 Onbco 15e 152 157e 28a 82 2' 16? 1 16 Oolo OpticC 13 308 $38 Pt 4 20 9 32 Oracle $08 50 90 28 150 130 30 125e 115e50 56 125e 10e40 10 160C 14024 28 06 18e 19 10 20e52 0830 166028e 66 40 2 2 40 120 04 10 14 41 B50 Pf 104 06e 05e 09 $56 6310 64 60e 40 48 CTEC CUBnc CabotM 60 60 37 16 19 Ex Ex 14220 10156 602884 131316 52 80 11 16 17 1 16 132 132 401606 20 48 $05 44 08040 60e0794 40 80 260 12060 2460e1624 140 2440 184 70 08 52 70 88 64 04 32 30 88 4660 7230 StPauiB StPaul SaiCPt 180a 22088 $64 16 60 80 104 28 92 3 16 11 16 1 16 03e25e 20e12 130 071 136 16 110 90 70 2444 88 124 52 I7 I3 174 65e 20 40 176 A60 64 16 20 80 11220 110 36 13264a 28 3 25 16 17 KnwSW Komag Krug Kuicxe Cm Cp 3416 140 228 50 1Q '4 1168480 Schlm Sctwitz Scimed SciDyn 24 80 1 16 40 24008 1 7660 27 17 76 26e64 17 '1 28 60 74 26090r72 140 10r36 112 56b 52 64b302204 10404 14'7 2 QrtzMt QuesIM 40120 50 Vi 3 3 16 9 16 11 32 1 32 Amserv AmtcCp Amvest Antogic Analv Anangel 14 8 20 8820 207080b It 150 128325248b JSe 160 44 IOe 12064 20 36 131 15i24 $92 104b68 120 $12802r PeopCT 72 PeoDek 64 12 21 327 32 9 321 32 19'7 4b 9 21 1 88b12e 21 09e12e $36 120a6496 32b $805228 20 12b 2M 143 3 MA I MCI MDT 1 MECA MGI MLX MNX MPSI MSCar MTS MR a AAartftP MagmP Magnal 20 36 48 $08 01 le 50 48 06f 1 02e 22e 28 la60e 120 CalficI CaiMD CalMic CalSBk CaiWlr Callon CamBio Cardia Canonl Canonie CanyRs CCBT CrdnlD Cardn CariCm Carmik Caringtn Carver 10lie24i 40 60a 15 16 21 12 13 LamHs Lancslr Lance LdmCB $16 68 02 P8 PHP PAM PCA Ini PDA Pacar PacAgr PacBnk PacDunl Ole48 1022r AIIBsh AgncyR Agnko Agourn Aicorp AirMd AirWisc Airtran Akzo Aiaten Aldus AlexBr AiexBld AifaCo AliasR AltCO AllCity AlegW AliartPh Ailiant AHdBk AildCao 68t 920 Cornucp CoCapit CorpDt CorpSB CorctCp Cosmr Costco CfnSLf CtryLk CntyBk Courer CousPr Covngt CrkBN CravCm 39r40 13 19 19 NtCptr NDara NHltLab li1 16 3 16 32 12 Ble80e 17e44 108 356 25i 16056 128 2034a 7 10 13 1: 20 le 48 $74 le84 28 44 1 52e 80 80b 17e 212 05a06 10 17 06 30 10 15 80 $164 59 '7 12' i 39M l8 21 Vb 57 1 '4 15 80 20e 12Mr 1'8 18 47 Altera Altron Amcor Amrian Amerbc AMI2 24 15i 30i 88 138 2 $404063i 1503632 24i48b 7260a $76 30e50 16836 SO07148b 16 $88 19 'a 5 161 16 24 1Mj 28 60 12i 451 12i16 271 2019227 6 10i 11 48 15 16 le 10 a 7 18i 84 3215 32 31 21 30 1 7M 10 3 7 181 11 15 15'i 31 33 14 24 12 'i 26H 14 "1 0702eOle 13 10 7 10 Sot'ech SftwPb Softwx Solclr SomrGp SomBks SonocPd Sonora 7s 17 13 16 1 6 14 207b1 10 3 5 16 $331 75c 10 21 10Mr i IOe4850 11 8 28 CaIGpn CaiRep Calgene Caig pf 10 $22i 16 Mt 24 6 7t 29 196 a 23M 192 130i 21 12 13 6i i 18 24 20 8 5 27 2 10W 17 11 734 1M 1C 43 8 111 16 3 20 20 5 11 15 163 16 193 12' Hl 1r3 1 126 a 60 2 'A 16 8 V4 12 4 17 16 16 13 1 la 8 3 321 32 5 9M) '7 3'2 1 16 97e 46 8 Mt 20 17 16 1 16 1 Ms 15 1 32 imivs 11 14 212 47 10 9 '7 2 11 25 5 4 13 2 74 1 11 16 5 5 30 7 16 19 4 20 28 'b 1 19' 60 80b 24 10 67 6 3 12 15 4 I 64 I 1 16 17 3V 8 Vi 7 6805b40i a242060 110b 36'4 28 Str II 6 1M 6 6 71 1 16 2'4 1 16 1 32 10'j 17 12 11 7 161 32 19 i 4'81 16 10 StafBid StakeTc StdMic SidRap SianfTi 13 20 2 4 5 12 17 161 16 11 5 32 1 16 58 16 6 17 23 1 7 48l 17 5S 9' 28 56(s tCao tdn 16 2 56l 14 22V 28 A 28 ScotHr Scripps Sea Gai SbdSav SeacBk Seagate ScNtd SecorBk SecBcp Secdl Seclnv SecTag SEEQ Seipel Seictm Seifix Sensor Seoun! 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MrdnBc Merdlns Merisel Meritr MeriiCo Mermck MeryLd MesaAr Metcalf MethdA MetAir MetrBc Metbk Metrd MetSe Meyer Michl MichNt Micrage MicrHII Micrdv MicrTc Microp Micros Micrc Micrgfx Microlg Mirift MidAm $96b MAWste MidAtl MdConn 72 MdMaine 40 MI030U MdStd MdsxW MidiCo Midwsc MdwCm MidSih MdwGr MiirBid MiilrHr MHIfld Millcm MinrNtl Mips MisnVI MCoftee MGask Mitsui MobiGs MblTel MOCN Modine Molex MolexA MonAvi Monitr MonRE MooreP Morrsn Moscom Moslne MotoPh MotC lb MtnrBk MultClr Multbk Multm Mycogn 2 8 7b 1 15 16 2 1 32 172 2 1 16 12 26 1 Vi 16 v2 HlwdPk Hoiogic HmCty HmBen HmeCtr Hdlnd HmdMO 29 Hl Jt Hmncl Hmelnt HmeNfr HmPrt 13 16 13 32 1 32 V1 16 10'4 13 3 '4 1ir 34 'i 4 NEW YORK (API Handy Harman silver Wednesday was $4230 up 0035 The bullion price for silver earlier in London was $4219 up $00165 Engelhard silver $4225 up 0040 fabri cated $4521 up 0043 NY Comex silver spot month Wednes day $4198 up $0056 S'4 PurltBen PyrmT QVC QuadLg Quada QuakC QIood 2 11 11 18'7 '7 13 16 6 12 22 15 22 17 10 4 54 14 3 6 12 1 '7 4 4 ''B 7'7 8'7 15 163 16 10'4 5 3 32 Vb 33 6 Ms 15 16 204 Vi 16 5 Me 3 16 4 3 "a 31 '7 8 '7 16 1 Geniyte Gensia Gentex Genus Genzvm GeodRs Geonex GaBnd Geraght GeriMd GrmSv Gerity GtBay GibsnG GidLew GigaTr Giibf A GishBi Glamis Glenex GoaiSy GldCorr GldPoul Goidtex GoodGv firsftrtv GouIdP 76 uracco GrnleC GrantSt GrntNo Grpnln GrphSc CAfm GiARc urtBay GCtryB Gtalls GtLkBc GtSoBc GtNYSv Green GrnwPh GrndSu GrifTch Grist Grosmn Grdwfr Group GrubER GueslS Gwinnet 12'7 12 4 5 21'7 8 IO 7 11 8 19 14' 1 13 '4 1 2'4 15 i 16'4 '4 15 1 23 76 84 USA 17 321 32 kS 2 10 24 1 9l IDB IEH IR IG Lab ll VI IIS IMCO INB inl20a 25 15 15 4'7 19 10 2 5 161 16 3'4 2 13 10 lO' i l'k 5071 '7 237 25 31 21 3 1 3' pfE213e i 2O'b 124 44 157 1 140 A 10176 60 92 10 '4 19 12 32 SMchG SestSv SCalWI I StfnNI SoumkCp Soumk i 19a 34tb 134 IVb 5 13 16 1 16 3 321 32 Vs IPL Sv loot Ikos llio HiO Wt IlliCtr ImagBk ImgIm Img wt Imatrn Imtrn wt Imne! 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HmpBn HanaBi Handex Hanvln HrdgAs Harievs HarmBc HarpGp HarisHa HawkB HawkC Hawtn HltCmp HlthCS Hitlmg Hithco Hllhdvn Hllsrc Hlthwtc Hearld HchgA HchgB Heekin Heiian Hein wt HellxBi HelixTc HnivGb HnlyPr HnryJk HrtBkcp HrlgBc HrtgS Herley HiberSv Hickam HiPlain HighiSu HilbRg HltOX Hogan HidyRV 2 47 10 11 16 3 16 05e06e02i 9 BCP10 134 16 '4 17 '4 23 1 16 4 12'4 1 24' i Vi 514 16 17'4 Vi 18'4 15'7 16 5 '7 3 13'4 29 6 115 16 1 16 ICb 80 BH Bulk50i Btl El BHA BHAB Rt Inr BMA 120a BMC St BftAJ RMM BSB Bcp60 BT in 88 BT Shp 1 RTII Badger 48a BkHg wt oaxerj BatdLv Baiard Baitek BncPop BcoHw A AmPr ATxE ATxE2 AWAirl AmBcp ABnkr AmCaR AConsu AmEcoi Alm Ailtrn AGreet AHItSv Amlntg AMS AMedE ANtlns ANudC AmPac APhyG APwCv AReiian AmRirp ASoft 24 AmStl 325e ATvCm ATrav AmAII 27e AmtBk Ameritr 128 Amgen Amistar AmskBk Amosxg ToddAO Tokio TcikrttMrt Tolland 16 Tmk plc222e 1 5 57 4 4 7 19 161 16 7'7 2 14 2 16 48 20 34 8 Shwtcn SieraOn SterR 84 aier i uc SlgmAI SigmDg Silicon SiicVIy Si'icnVI viSilicnx SlkGrn Simetc Simple S7ier SkyWsl Smthfld Smlh RAX RPM RS ni RadSys Radius RailS RainT Raiiys Ramin Ramsay RastrOp Raymd RediCr ReadgA Recptc RedEagl Refac Reflctn RgcyCr RgcyEq ReglBc Reliab RenCp Repap Replgn RepBcp RepCap RpPicA RepWst Rshlnd Resina Respir Reuterl ReutHd Rever Rexhall Rexon Rexwks Rheomt Ribllm RichEI Rlchfd RigsNt RghlMg Rivor EMwuavAA RoadSv 110 RoanEI 48a Koowr Robec RbIPhr RobNug RobVsn RochCS RkMtHel Ronson Rsvitn Ropak RoseB Rosplch RossStr RnTech Rouse RovGld Roylpr Rulelnd Ryan SalM Sandm 30a SandReg SndChf SandCop 20 santoro 18 15 'V3 14 '7 '4 PgSdBc Pulask Qntrnx Quntum Quik Quix SafHit SageSft 1 oanara Stives SUude Shrplm Sheldl Shorwd Snowbz SoecMu SPCtran SpecCtl Shire Sc OneVal 1 Optek OoticR Ootrfc SCartJ AST AarnRt 10 AbeLinc 1 Acadln Accel 20b Adaim Aceto 14b AcmeSt ActARl AdnSv 16i Acxiom AdacLb 04 Adapt Aoingt AdiaSv 16 AdobeS 24 Advtir AdvRos AdvLog AdvMag AdMKSv AdvPoiy AdvSem AdvTei Advanta 12 Aequtrn Aegon 271e AerSysl Aerovx AfIBcCp 16i 42 4 Wiland 1 WilvJ A110 Willamt 160a 4 34 1 Willmt 6 16 WmSon 14'7 '7 2'8 WilmTr 144 32 2 1 97 WiserO 40 16 5 Wolln 5 1 16 Wolohn 26b 12 25 WlvExp 6 5 WIvEx pf 177 4 Wolv wt 37 4 8 Woodhd 68 12 14 Wordst 13 16 1 16 14 4 WrkCap 07e 10 Wkmen 28'4 Worthg 60 20 9 '4 Wyman 80 6' 3 32 WvomNt 12i MCI posts loss for quarter WASHINGTON (AP) MCI Communications Corp yesterday reported a net loss of $168 million in the third quarter due to a one time $550 million charge to pay for modernizing its phone net work After subtracting preferred stock dividends MCI said its loss for the quarter ended Sept 30 to taled $176 million or 69 cents per common share By comparison MCI the na No 2 long distance phone company earned $165 million or 62 cents a share in last third 'quarter MCI reported revenue of $2 billion in the quarter compared with $168 billion for the same pe riod last year The latest revenue figure re flects MCI's August acquisition of Telecom USA Inc the fourth largest long distance com pany for $125 billion MCI also announced in August it was considering a writedown of $500 million to $550 million to cover the retirement of its analog phone network which it is con verting to modern digital lines the writedown and other one time events MCI's prof its would have been up 14 percent over the year ago said Bert Roberts Jr presi dent and chief operating officer the challenge of smoothly integrating Telecom USA the company increased its share of the large account inter national and residential markets and rolled out a new service for small to midsize In August MCI moved up plans to have its phone network fully digital by the end of 1991 instead of the end of 1993 The accelerated schedule was made possible by the acquisition of Telecom USA which had exten sive digital lines and by an agree ment with Williams Cos Inc under which each company can use the phone network Digital phone lines use com puter language to transmit phone calls providing vastly clearer re ception than analog lines Briefs Transcript layoffs HOLYOKE The Transcript Telegram in Holyoke laid off five newsroom staffers earlier this week mirroring a trend in the troubled Northeast newspa per industry 1 Publisher Thomas Schu macher said yesterday that the afternoon daily laid off four re porters and a staff artist on Monday in response to the con tinuing in advertising and the downturn in the New England economy because of the chusetts that or Schumacher said One of the laid off Transcript Telegram reporters said yester day that the company will pay its former employees through November 9 and will extend their health insurance policies through Jan 31 1991 think have to get out of New England (to find another the reporter said anybody carpen ters painters have to worry about their jobs About two months ago the newspaper laid off three other staffers including two from the newsroom The paper now' em ploys 21 newsroom staffers down from about 35 less than a year ago said general manager Greg Oxley The newspaper now employs a total of about 85 full time workers Elms seminar CHICOPEE Maryann Hedaa academic dean at the Maryknoll School of Theology in Maryknoll NY will present a seminar of the market at Elms College tomor row from 9 am to 4 pm The program will focus on ethical is sues affecting the business com munity An adjunct professor at Co lumbia University Graduate School of Business Hedaa has specialized in the areas of human resource management leadership and ethical issues positive political skills and man agerial negotiations in cross cul tural settings Her book wards a New World will be published this fall A $40 fee will be charged for the seminar sponsored by Elms College and the Maryknoll School of Theology Interested persons may call the Office of Continuing Education at 413 598 8520 to register or obtain information Ames layoffs ROCKY HILL Conn (AP) Ames Department Stores Inc the ailing discount chain that" filed for bankruptcy protection earlier this year said yesterday it will lay off 250 corporate em ployees and close offices in West Hartford and Syracuse NY The Rocky Hill based compa ny said it already has eliminated 200 corporate positions through attrition over the past four months The company has 1600 corporate employees The bulk of the layoffs 160 will be from Syracuse NY Ames said its West Hartford merchandising operations and Syracuse NY finance opera tion will be relocated in Rocky Hill next spring Philip Morris profit NEW YORK (AP) Philip Morris Cos yesterday reported third quarter net income jumped 253 percent as the cigarette foods and brewing units posted double digit gains in operating income or the quarter ended Sept 30 Philip Morris said net in come totaled $937 million or $101 a share up from $748 mil lion or 81 cents a share a year earlier Revenue advanced 156 per cent to $1282 billion from $1109 billion in the year ago pe riod Operating income from the cigarette operations was up 17 percent as unit vol ume increased at home and abroad co*ke profits up ATLANTA (AP) The Coca Cola Co reported yesterday its third quarter earnings rose 91 percent as it chalked up sales gains around the world Coca Cola said it earned $3942 million or 58 cents per share up from $3613 million or 51 cents per share in the same period a year earlier Revenue totaled $28 billion up from $22 billion WE MEAN BUSINESS 8 OUT 10 AREA BUSINESS REAIKRS KNOW THAT! Sn a new Belden Study busi ness leaders in Springfield Chicopee Holyoke and North ampton were asked which business publications they read specifically for business news THE UNION NEWSSUNDAY REPUBLICAN SERVES MORE BUSINESS READERS THAN THE WALL STREET JOURNAL 79 read the Union News Sunday Republican 28 read the Wall Street Jour nal and 67 of them read the Union NewsSunday Republican as well 51 read the local monthly business magazine with a 67 duplication factor 34 read the local monthly business tabloid with a 74 duplication factor Our business section is the first and most reliable source for the business reader The Union NewsSunday Republican reaches all the same senior business management and pro fessionals that our competition reaches but with a BONUS Our papers reach 80' of everyone in the community That's impor tant because business news affects everyone! We have a large staff of profes sional business and financial reporters and editors on the job every day to bring our readers breaking stories and continuing coverage With commitment like this you know we mean business! Union News We're all you need to know! Source Business Readership Study CMS.

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