The Republican from Springfield, Massachusetts (2024)

September 14, 1990

Publication:

The Republicani

Location:

Springfield, Massachusetts

Issue Date:

Friday, September 14, 1990

Page:

32

Extracted Article Text (OCR)

32 UNION NEWS RIDAY SEPTEMBER 14 1990 NASDAQ 151 Bd 20 $J0 4 4 i JO 161 32 041 31 8Q 154 15e 40 15 I 21 J3e 30 920 40 40 35e 48e 560a IJS 44 9'9 66 36 160 80 41 16 140 '9 24 2 128 3 06 7414 60a 11' 20 12 4 40 4 18 1b 12 511 16 164 34 64 JOe 21 72 24 33 161 16 40 s12 11 16 1 16 260 35v CmBc pfl5O 10'8 128 113 161 16 14 4 37'4 354 93J 50 11 16 1 16 304 05e sl32i 55 161 16 JOe 1034 192 121 $08 50 24 40e 28 24 17 48 U5e 28 88 40 12 86 16 179e 76 70b 12820 68 88 18 L52 10 22 10 21 13'4 44 70b 212 2620b 44 JOe 17465e 48 40 36 BonvlP BooleB Borlnd BoslAc BostBc BstnDig BstnB 07e60 CrrBcsh CmClr CmceBc Ole wt 152 144e 2'2 Pl85 110 72 140 JOr 28 Jle 44 128 $1 0816 5082e Bckvri Buffet BuildT BullRGd BurnoS BurrBr Burnt BusnRc ButlrMf Bytex 3007e241 05e06e 02i 13 16 3 16 74 301 88 44 12 18a 13'4 24 5 244 3'9 16' 2234 20' 9b 54 4 594 211 16 1034 43 4 4 12 4 '9 7 16 1 16 8 2 4 48 152 13'4 134 23 464 4 16 3 32 3 3 16 12 34 9 21 4 3 16 86 2 14 394 14 BostTc BlvdBc BradvW Brantre Brand BrnfdSv Brkwt 9 Dicnv Brendie Brdy BrileV Bdcstm Bdwyn BrTom Brunos BrynMw 13 14 18'9 25'2 25 4 ABS ACC ADC ADT AEL AEP ASK AST AbeLinc Abram Acadln Adaim ACMT AcmeSt ActARt AdnSv Acxiom AdacLb 1 234 1 16 26'4 4 10 184 12 '4 94 83 15 Vb 4 17 28'4 7 10'4 7 1'8 BaretRs BaryJw Barton BsTnA BasAm BasPtr Bset BavVw BavBks Bavprt BEAvion BeauCtl Beebas Beiuse BeilSv Bender Berkley Betz Lb Big BigOTr Bind! Biogn BIMedc Rinaon Biogn pf212 oiomei Biosph BioTint BirdCo BirdMd Birtchr BzMrt Black! BiocDv BIckD BoatBn BobEvn Bohema NEW YORK (AP) NASDAQ National Market trades 16'9 14'7 11'4 44 28 19 161 16 10 10 24 66' 15 32 1 32 3'9 2 3 16 17 'a 2 1734 '4 51 16 34 23 1 84 12 8'4 4 94 12 CtlSav CtrlRs Cooker CooprL Coors 50 uopvne Corcom Cordis CoreSl Cornuco CpCapit CoroDf CorpSIt CorctCP Cosmr Costco 208 1 32 CP 16 Anaren AnchSv AndrGr AndvBc AndvTg Andrew Andros Arwwttic ApogEn J4 AppieC 44 Apteoee AOIOSCI ApldBio ApidMt ApIdPw AwdSIr Archive Arbor Arclco Arden Aritch ARIX Ariztnst Arkal Armnr Arown 68 nei AtristG Ashton Asiamr AspctTi AspenR Assix AsdBnc AsdCmA AsdCmB As tec AstrM Astron Astros Atek AHAm AMSeAr AtwdOc Auiociv Autodk Autodie 1'4 18'4 '4 634 9 16 6 11 16 1 16 8 15 2534 1 6 '4 7'4 19 28 11 11 '8 2'4 3 16 1 24 10 3 34 7'4 3'4 2 21 '4 39 13 1934 '4 321 13' 5 32 Thursday Close Chg 25 I 9 41 20 9 34 334 1 1 16 8 12'4 9 93 17 C8 CCB COR CCNB CEM CISI CS CISTch CMS Dt CNB 88b CPAC 12e CPC Rx CSC Ind L3K CTEC CUBnc CabotM Cache CACI CdbvS 216e Cadeln Cadence Caere 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14'4 333 2 13 4 3 16 1 16 14 48' a 11 16 1 16 5 17 4 AdvoSy Aeoutrn Aegon 274e Aerpysi Aerovx AflBsh AgncvR 4 Agnlco Annum Aicorp AirMd i AlrWIsc AirrranAkZO AldusAlexBrAlexBId fcAlfaCP AliasR AiegW Amurg AlianPh AHiant AlldCap 1 16 Pa '4 11 3A 29 61'4 14 13 16 1 16 19 23'4 6 '4 18 i 5 9AI 32 34 '4 nt a 11 I 7 ll '4 26 2 1 16 3'8 10 4 25'4 27 26 26 9 '4 11 la45e 120 90 36 28 11 10 26 a 20 54 8 15 16 3 17 IP 11 '4 7 6 18 7e 9 23 2 3 115e50 20 40 176 A60 6416 60 56 56 JO 24 '4 7'64 40a 30 3 l25e 4344 IZ AtdCaH 66e AIKAJ UJ4 AIIdGp 48 12 AfoyCpI 7 16 Alphart AltaGkl 06e Adapt Adingt AdiaSv 16 AdobeS 24 Aovur AdvRos AdvLog AdvMag AdMkSv AdvPoly Aovem AdvTel Advanla 20 '4 31 1 27 13 9 5 '4 3 11 '4 16 31 16 16 1 Casdnl Caseys CastlEn CatnCn CedrG CdrG wt Celgene CellTch Celcm ueiium Celrln Cellrlnf Cencor CtrBnk Centrbk CentxTI Cenlcor CnBsh CtrCOp CidBk CtriHld CJerBc CJern CRsLIe CnSprn Centuri CntvBc ClrySo Cenvst Cerdyn Cerbco Cerner Cetus Chalone ChmpPr Chanln ChrmSh Chrtdl ChlSB ChtOne Chaltm ChkPt ChkTcn ChmDsg Chemfx Chab Chmin Chmpwr ChryCp ChesUtl Cheshre ChestrV ChDock ChldWld ChipsTc Chiron Chitnd Cimco rimfleir Cinnn 244 CinMic Cintas 23 Ciprico JOe Circadn CirdA Circon CircSy Cirrus CiSCO CtzBcp 108 CtzBkg 120 Ctzlnc CtzSNY I CtzUl A CtzUt B39r CityRs CivtcBc I Oarer 78 CleanH OevtRt ClifOr ClfDr pf unnui Cloth CoOpBk CocaBtl CoCaM CodaEn Code A I Codenol Cognex Cognos Cohaset Cohernt CohoRs ColabR Colagen ColBcp ColnGp CtnGas CBcgp ColCos ColoNt Colorcs Colst CoiHosp Comair Comrco Cnmrd Cmc SPS12 uomcoa CmdtHd Cmdiat Comeric Aulolnf 4 7 16 AutoCp 9 Avntek 2 Avndle 92 Aztar 3b AztcM 10b 5 80 BH Bulk50i 3 BEI El 08 7 BEI 2' 'b Ent 4 '8 BGS 60 23 Bl Inc 10'2 BMA 120a BMC Sf 23 BMR 5 BSB Bcp60 BT in 80 15 BTR 08 4' Babage 8 BkHg wt BakerJ 06 8 Balard 10 28 Baltek 15 5 BncPop 80 16 BcpHw sl64 42'4 BcMiss 84 18 Banctec BandoM 88 8 BangH 124 15 BkGrn s40 21 BnkNH 52 7 BkSou 52 6 Bnkest Ib '4 Bankrs lie Bnkst 28 6 BkrNte 1 BkMAm 8 BkWorc J5i 12 Banta 56 23 Barden 1 33 Gold By The Associated Press Selected world gold prices Thursday: Hong Kong late: 138235 up 8170 London morning fixing: $38215 up $010 London afternoon fixing: $38220 up $015 London late: $38400 up $225 Paris afternoon fixing: $38328 up $171 rankfurt fixing: $38147 up $072 Zurich late afternoon: $38340 up $165 $38390 asked NY Handy Harman: $38220 up $015 NY Engelhard: $38350 up $015 NY Engelhard fabricated: $40268 up $016 NY Comex gold spot month close Thu $38290 up $080 NY Republic National Bank 4 pm Thu $38400 up $250 Silver NEW YORK (AP) Handy Harman silver Thursday was $4790 off 0020 The bullion price for silver earlier in London was up $00225 Engelhard silver $4805 off 0015 fabri cated $5141 off 0016 NY Comex silver spot month Thursday $4 773 off $0028 ClnSLt 28 6 ClrvLk 8 CntvBk CourDis 3 CousPr 60a 12 Covfigt CrkBrl s05 22 Cfllmtc 1 CrayCm 4 Crstlnd 3 Crestar 132 16'4 Crstdt 1 Criticre CropG 4 CropG pf 8 CrosTr 4 CrwnAn u' CwnBk 16 1 CrwnRs 6 CulInr Cutp 11 7' Cumbd 48 Cvberlk 8 4 Cvtogn 94 n60 7 DBA 3 DD1 2 DEP 4 4 SouJOe 8 DH Tch DNAPI 44 DS Bnc 1J0 104 DSC 10 DVIn DahJbrg DairyA 6 4 Daka DamonG 444 DartBcp 41 16 Dta 10 3 4 Datflx 7 Datkev 74 DtSwtch 3 DtaTrn 3 Dafmar 5 Datphz li Datscp 26 Datron 7 Datum 2 Dauphn 142 DebSno 20 8 DeertSv 80a 19 Detnlnc DekibE 32 DklbGn 80 DetICpt Delpin Delplnf DellNG 108 DeniMd DepGty 156 Dsglnc DeiSvs Devcon 20 DeVBul Devon Diagnst Dibreil 80 Diceon DCIark Digi tnt DigMic DigtSd DigtlSy Dimen 80 Dioncx DrRhb DlrGnl JO Domng 96 DomBk 88 DrchHu JO Dotrnix DrecoE DresB Drewln Drextr DrevGr DrugE JOe Durkn Duramd Durirn $50 Duril 30 Duty 20 '2 Dyansn 1 DynRsh Dynscn 4 Dynasty 9 DvtchC 16 EBMar 4 3 16 ECC GollOe 19 ECI Tel 26 1 EIEI 33 163 16 ELXSI 1 16 EMC tn 52 7 EMCN I9 EMPI 6 ERCEn 12 ESSE 2' 7 ETown 296 33 EZEM 74 4 EglBnc 36 144 1 Egld 7 EarthT 4' Easel 94 Eastn 10i 4 Eastco EstnBc 56 74 4 EstnEn 54 4 Eastex 1 Eastln 20i 2'z Eastovr 133e 5 EafVan 44 17 Ecogen 4 EdisCtr 2 Egghead 9 ElPas Elbil 25e '4 Elco 52 10 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(by the public) if we see a surge in profits for the oil when they next re lease quarterly financial state ments The secretary said that his de partment would keep an eye on those profit reports But he told the committee he does not favor legislation outlawing price goug ing because such a law would re quire a to ensure adequate monitoring Since Iraq occupied Kuwait Aug 2 pump prices have risen about 20 percent while crude oil prices have jumped about 50 per cent the American Petroleum In stitute says Watkins acknowledged that ini tial increases at the pump were greater than the early rises in oil prices But he said in recent weeks retail increase have about 4 cents a behind hikes on the spot crude oil market Americans on average are pay ing 22 cents a gallon more for un Associated Press photo JAMES WATKINS I gaLuaaaA leaded gasoline today than before Aug 2 while the spot price for crude is 26 cents a gallon higher said government and industry offi cials Oil gasoline pricing working very well and is rath er typical of the supply and de mand Watkins told the senators adding that he consid ered recent price hikes unrea Six senators said Wednesday they would try to push through in the coming weeks legislation that would strengthen federal laws against price gouging by oil com panies laws of gravity and eco nomics clearly seem to apply to gas prices What goes up stays said Sen Joseph Lieberman Conn charge what they can get away The bill sponsored by Lieber man and a number of other sena tors would prohibit price increases in petroleum products including gasoline and heating oil and would make "prof a criminal offense pun ishable by a maximum five year jail sentence and $500000 fine Watkins also told the committee yesterday that the Bush adminis tration is expecting worldwide oil shortages to hit as early as next month and is planning to tap for the first time the United strategic oil reserves Citing the looming impact of the Persian Gulf crisis Watkins told senators that private stocks of pe troleum may be insufficient to cover an anticipated shortage of 25 million barrels a day Watkins who unveiled an array of voluntary initiatives to encour age fuel conservation and promote expanded domestic oil said a projected oil shortfall this month of nearly 4 million barrels a day could be covered by the large stocks of oil accumulated by private companies But he warned that those supplies might not be enough to cover the projected shortfall of 25 million barrels next month Big Three automakers report early September sales off 22 DETROIT (AP) The Big Three automakers said yester day their early September car and light truck sales sagged 22 per cent from the same period last year General Motors Corp ord Motor Co and Chrysler Corp said their combined sales of domesti cally made cars and trucks slipped to 28212 a day in the Sept 1 10 period compared with 28848 a day in early September 1989 Big Three car sales crept up 08 percent while light truck sales trailed by 68 percent Sales had slackened in early September 1989 after a hot buying period in August as automakers boosted buyer incentives to clear out end of model year vehicles This year sales have been slower all along and automakers trimmed inventories earlier in the year car sales were down 159 percent from early Septem This year sales have been slower all along and automakers trimmed inventories earlier in the year her 1989 and were virtually flat down just 06 percent while climbed 64 percent the companies said or the year through Sept 10 the Big Three reported selling cars and light trucks at an average of 32439 a day down from 35242 a day from Jan 1 Sept 10 last year Car sales for the year were down 109 percent and truck sales were down 31 percent combined early Sep tember car and truck sales were down 164 percent from the year before with light truck sales in cluding the popular mini van models 17 percent behind last pace Chrysler reported overall vehicle sales for the year down 15 percent ord said its early September sales of cars and trucks ran 37 percent ahead of last year's pace with a 102 percent gain in truck sales overcoming the slight drop in car sales or the year ord said its car and truck sales were still down 9 percent GM said its early September truck sales lagged 138 percent for an overall 11 percent drop in vehicle sales for the period or the year GM car and truck sales were down 46 percent from last year NY Post approaches deadline NEW YORK (AP) Reporters at the New York Post fearing the worst as labor negotiations wound toward a deadline said yesterday that New York City would lose its true voice if the 189 year old paper folds tomorrow While the reporters at the news downtown offices com posed slam bang tabloid yarns some also were polishing up their resumes and clearing out desks said Bill Hoffmann a general as signment reporter At the negotiations site repre sentatives of the Post and its nine unions trying to see if the newspa per can be kept afloat joined in accusing the Daily News and the New York Times of trying to sabo tage negotiations and hasten the demise the last real pictures off the style of paper in said Hoffmann who likes to talk like a Post head line I hear about some thing happening I say to myself wait to see how the Post covers would make a huge gaping canyon in the life of New said Timothy McDarrah a writer for the gossip page McDarrah maintained he was optimistic but likened the paper to "a fish flopping around on the dock and hoping someone kicks us back in the in the same league as Eb betts said City Hall report er Mark Mooney referring to the vanished home of the Brooklyn Dodgers lose something quintessential New Unspoken amid the opinions was the fact that the Post the oldest continually published daily has not made money under its last two owners Losses have mounted to nine figures since media mag nate Rupert Murdoch bought the Post in 1976 and sold it to real es tate man Peter Kalikow in 1988 Zitei 4'2 Zycad Zvmos 4 1 32 Briefs Lawsuits filed CHICAGO (AP) Chicago Board of Trade officials an nounced plans yesterday to fight two lawsuits they say seek to in terfere with the ability to protect the integrity of the market erruzzi Group an Italian company accused last year of trying to corner the soybean fu tures market filed a lawsuit this week in US District Court seek ing to block a Board of Trade disciplinary hearing The lawsuit said that the Board of Trade has a financial stake in finding er ruzzi at fault Lightbulb program BOSTON (AP) Boston Edis on Co plans to distribute en ergy efficient lightbulbs that may save consumers about $138 million over the next seven years Edison will spend $35 million including a donation to Lions Clubs to distribute up to 300000 lightbulbs said Mike Monahan a utility spokesman The program is part of Edison's agreement to spend $75 million to promote en ergy conservation Globex delayed CHICAGO (AP) Partners in a proposed 24 hour electronic system for trading financial fu tures and options said yesterday they have pushed back the start up date to the spring of 1991 The latest obstacles to launch ing the Globex after hours trad ing system involve modifications that must be made to accommo date products offered by the Chi cago Board of Trade according to a statement issued jointly by the Board of Trade the Chicago Mercantile Exchange and Reuters Holdings PLC a British company that is supplying tech nology for the system Southland offer DALLAS (AP) Southland Corp owners of the 7 Eleven convenience chain extended its deadline yesterday for an offer to exchange $18 billion in pub licly held debt for a new pack age of securities This is the third extension of the offer first announced in March as Southland tries to re duce its interest expense and raise $430 million in new capi tal The offer has been extended to Sept 25 It was set to expire at midnight Thursday Kodak unveils ROCHESTER NY (AP) Eastman Kodak Co on yester day unveiled a new printing sys tem that will allow personal computer users to hook up with high speed printers traditionally reserved for mainframe com puters The system called Lionheart will print documents up to nine times faster than conventional desktop printers the company said It will also allow users to get sets of finished reports sorted stapled and hole punched without leaving their desks Sikorsky layoff STRATORD Conn (AP) Sikorsky Aircraft will lay off 350 salaried empibyees tomor row Sikorsky spokesman Wil liam Tuttle said this week the white collar layoffs are part of an effort to make the company more competitive The Stratford based company the helicopter division of United Technologies Corp will have a workforce of 11300 after the layoffs Tuttle said iat buys stake MADRID Spain (AP) iat Iveco truck subsidiary has agreed to buy a 60 percent stake in the state owned Spanish truck maker Empresa Nacional de Autocamiones SA also known as Enasa it was announced yes terday.

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