The Daily Spectrum from Saint George, Utah • 11

I I I I I I I Energy stocks lead rally NEW YORK (UPI) Energy issues helped spark afternoon rally on Wall Street Wednesday, and erased much of the market's post-holiday blues. The Dow Jones industrial average finished 12.12 to 1.220.65. The jump made up up for much of Tuesday's loss, when across-the-board selling sent the 1 Dow down 16.73. Advances led declines 1.060-574 among the 1,963 issues closed traded. The New Stock Exchange up 1.08 at price of an average index gained 41 cents.

Standard Poor's 500-stock index share rose 1.88 to 168.48. NYSE volume was 85,670.000, up from a slow 320.000 Tuesday. One of the signs of a continuing bull market, said Trude markets. Evans "is when we do Latimer have downside the volume gets lighter." Oil stocks and other energy issues were generating enthusiasm, analysts said, because they were regarded as bargains in an increasingly expensive market. "They are the cheapest segment of the market, relative to previous highs and proven assets." said Michael Metz of Oppenheimer Co.

"A lot of people are looking for places that haven't yet been fully Latimer also noted that oil issues had recently been recommended in a popular investment newsletter. "That started it going, and it spread very quickly." she said. Domestic automakers Wednesday reported a 48 percent increase in June sales and a 13.4 percent improvement in the first half of 1983. the good car sales didn't do too much for auto stocks," said Ms. Latimer.

"The worry about the direction of short term interest rates is overriding the improved numbers." The steep drop Tuesday, the first day of trading after the long Fourth of July holiday, was precipitated by last Friday's Federal Reserve Report the money supply. The Fed's announcement that the money supply had risen in a week experts expected a drop, triggered investor worries that interest rates would rise. Investors will continue to fret about interest rates, Ms. Latimer predicted, "until something else comes along that's more important. I think that something else will be second quarter earnings figures, if they turn out to be good." The American Stock Exchange index closed up 4.74 at 247.22, a record high based on the new Amex computation system which went into effect this week.

The old record was 492.76, set June 22 before the Amex index, in effect, split. The price of an average share gained 34 cents. Advances led declines 436- 221 among 820 issues traded. Volume was 10,240,000, up from 8,620,000 Tuesday. The National Association of Securities Dealers NASDAQ index of over the counter stocks finished up 1.99 at 319.14.

On the NYSE, Phibro Salomon was the most active issue, up to 36 as a secondary distribution of 000,000 common shares was completed. A block of 600,000 traded at 35 12. Energy stocks were high on the active list. Mesa Petroleum was second, up 1 at 17 12. Schlumberger was third, up 3 to 59 14.

Baker International rose 3, to 22. Global Marine closed up to 11 Atlantic Richfield closed up 2 1. at 52: Hughes Tool at 23: Standard Oil of Indiana up 13, at 54; Diamond Shamrock up at 22 Ford Motor which announced 76.8 percent increase for the final 10 days of the month, with sales up 9.3 percent so far this year, closed down at 54 44. General Motors, which reported a 44.3 percent sales hike for the 10-day period, with sales in the first six months 10.2 percent, was down at 71 14. Chrysler's stock rose to 31 12.

The company said it had a 59 percent increase in the final 10 days and a 24 percent rise over the first six months of the year. Helene Curtis was up at 38. The company announced first quarter losses of about $3 million, down from $4.5 million last year. General Mills dropped to 5412. The company said its earnings per share for the fiscal year ending May 29 were $4.89 compared to $4.46 the year before.

Pillsbury. which has launched a $62-per-share tender offer for Stokely-Van Camp, was down at 59. Stokely, which is searching for another bidder, said the Pillsbury takeover may violate antitrust laws. The Stokely stock was up 2 at 63 12. U.S.

Home Corp. rose to 16. The company said its June orders were up 29.9 percent over a year ago. On the Amex, Imperial Chemical was the most active issue, up 12 to 8. Kirby Exploration was second, up at 10 14.

Dome Petroleum was third, unchanged at 4 15-16. CLOSING STOCKS AmCan 2.90 43 MC 1.80 Am Motors 9 Ford Motor AmTT 5.40a 63 ForMck 2.40 47 AtiRch 2.40 51 Genl El 1.90 Avco 1.20 GniFds 2.40 45 Bnkam 1.52 GnMot 1.20b 70 .60 22 Ga Pac .60 Boeing 1.40 Goodyr 1.40 BoiseCa 1 1.90 38 Gryhnd 1.20 Borden 2.44 TE 2.92 Brunswick 1 GulfOil 2.80 BurIN 1.80a 85 HamPa 1.84 40 CatpiTr 1.50 46 InlandSt1.50 32 Celanese 4 IBM 3.80 Chrysler 31 Int Harvest 9 Cm Satellite 44 IntPapr 2.40 50 ConFrg 1.80 2.76 CPNatl 2.44 Kaiser Steel CrownZell 1 Kmart 1.08 34 DiGiorao .64 14 OF 1.20 36 Latest metal market prices NEW YORK (UPI) Latest metal market prices as quoted Wednesday by the American Metal Market, authoritative metals publication: Aluminum, primary. 99.5 percent plus pure 50-lb. ingots 76.00 c- Antimony, domestic. refined in alloy, $2.00 lb.

Copper. electrolytic. delivered U.S. 80.625-82.50 C- lb. Lead.

common, U.S. primary producers 20.00-23.00 U.S. non-primary (secondary) producers 24.00 lb. Magnesium, 99.8 percent, ingot 138.00 c-lb. Manganese, 99.9 percent, boxed regular 66.00-70.00 -lb.

Mercury, 76-lb. flask. Nickel, electrolytic cathodes, f.o.b. Port Colborne, $3.29 lb. Palladium.

N.Y. Am. Met dealer 138.00 per troy ounce. Platinum, soft, 99.5 fine, producer $475.00: per troy ounce. Steel.

No. 1 heavy melt scrap Pittsburgh 75.00 per gross ton (consumer buying price): Am. et. Mkt. composite scrap price $69.83 per ton.

Tin. Am. Met. Mkt. ex 628.00 00 c-lb.

Tin, N.Y. Am. Met. Mkt. alloyer price 672.00 c- Cottam 50th Verna and Ronald Cottam ST.

GEORGE The children of Ronald and Verna Leavitt Cottam will honor the Golden Wedding Anniversary of their parents with an open house Friday, July 8, from 7 to 9 p.m. at the Cameo Room, 695 East Tabernacle, St. George. Friends and relatives are invited to attend. The Cottams were married May 1933 in the St.

George LDS Temple. They have seven living children: Kent Cottam, New York, N.Y.; Dean Cottam, Veyo; Karen Cottam, St. George; Lynda Paxman, Washington City; Margaret Erickson, St. George; Art Cottam, St. George, and Sid Cottam, St.

George. They have 16 grandchildren. Spectrum Thursday, July 7, 1983 11 Spectrum Thursday, July 7, 1983 11 OBITUARIES Kevin Hal Kelley ST. GEORGE Kevin Hal Kelley, 22, of St. George died Tuesday, July 5, 1983 at his residence.

He was born May 13, 1961 in Salt Lake City to Hal and Merlene Tirey Kelley. He grew up in the Salt Lake, Granger and Tooele areas before moving to St. George with his family in 1978. He attended school in Granger and Tooele and graduated from Dixie High School Gold, silver quotes NEW YORK (UPI) Foreign and Domestic gold prices quoted in doltroy ounce Wednesday: London Morning fixing 412.25 up 0.75. Afternoon fixing 411.65 up 0.15.

Paris (free market) 414.43 off 1.19. Frankfurt 413.95 off 0.33. Zurich 411.50 up 1.00. New York Handy and Harman 411.65 up 0.90 (from a revised 410.75 on Tuesday.) Engelhard, base price for refining settling and unfabricated gold 411.65 up 0.90 troy ounce. Selling price, fabricated gold 432.23 up 0.94 per troy ounce.

48 (London price fixing 13 changes both are based 35 16 on the previous day's 35 closing price, and thus 40 may not correspond with 39 53 the previous fixings.) 15 40 NEW YORK (UPI) 35 Handy and Harman 9 Wednesday quoted silver 27 at $11.43 per fine ounce up 0.13. 57 13 Engelhard Corp. quoted a price for in24 dustrial silver of $11.51 up 36 $0.18 and a price for fab46 37 ricated silver products of 36 $12.316 up 0.193. 19 and seminary. In his high the first assistant to the school years he partici- bishop while in the Priest pated in the high school quorum.

He held the ofwrestling programs both fice of Elder and served in Tooele and St. George. as a home teacher in his ward. He enjoyed racquetball androther and sports. include: his parents; grandmother, Stella Luster, Gunnison: two sisters, Kamille, age 16; and Kolette, age 14: both of St.

George. One sister, Kristi Linn. preceded him in death. Services will be held at the Metcalf Mortuary on Thursday evening from 7 to 8 p.m. and at the chapel on Friday from 12:30 to 1:30 p.m.

prior to services. Burial and graveside services will be held Saturday at 2 p.m. at the Valley View I Memorial Park in Granger. under the direction of the Metcalf Mortuary. Friday at p.m.

at the St. George 15th LDS Ward chapel. Friends may call Issa R. Osborne Kevin Hal Kelley In his senior year he attended the Utah State Tournament. He has worked at the Dixie Medical Center with the maintenance and house keeping department and most recently was employed at Moore Business Forms in St.

George. As a member of the LDS Church he served as Rest Home in Cedar City. in Shonesburg to Joseph Millet. Jr. She married Hebert Kanab.

The marriage was later solemnized in the Manti LDS Temple on Feb. 19, 1925. He died on June 8, 1922. She married Enoch Osborne on May 11. 1967 in Las Vegas.

Nev. She was an active member of the LDS Church and also a member of the Cedar City Daughters of the Utah Pioneers. Survivors include: her husband of California: one son and two daugh- She was born May 21, 1894 and Orpha Almina DeMille CEDAR CITY Issa Banda Millett Riggs Osborne, age 89, died July 6, 1983 in the Cedar Manor Riggs on Dec. 6, 1916 in ters. Edward Fay Issa R.

Osborne Teeples. Oregon; Mrs. Vernal (Neola) Stratton, Cedar City: Georgia Pratt, Salt Lake City: 18 grandchildren: 16 great -grandchildren; and six greatgreat grandchildren. Services will held Friday at 10 a.m. in the Cedar City 12th LDS Ward chapel.

Friends may call at the Boyer Southern Utah Mortuary Thursday evening from 7 to 8 p.m. and Friday morning from 9 to 9:30 a.m. Graveside services will be held in the Kanab City Cemetery at 3 p.m. in Kanab under the direction of Boyer Southern Utah Mortuary. Now Showing in Gunlock Custom Structures of Nevada Presents PRICES BACK TO THE 40's You Can Own a Complete 1280 Sq.

Ft. Home for under $20,000 Lockheed 120 SanDGs 1.96 LoneStr 1.90 30 Santafe 1 La Pac 33 Sears 1.52 qManvil 14: ShellOil 1.80 MobilCorp 2 Sierra 1.46 Nashua SoCalE 3.52 NatDist 2.20 28 SouthCo 1.70 NortonS 1.08 33 So Pac 1.50 OccdPt 2.50 24 Sperry 1.92 Owenill 1.68 StOCal 2.40 PaGE 3.20 StdOind 2.80 PacLightn 3 Sunshine PacPL 2.16 22 Tennco 2.72 Pan Am Air Texaco 3 Penney 2.16 59 Thrifty .46 PepsiCo 1.62 35 Tiger Introl PhilPet 2.20 Trnsam 1.50 Polaroid 1 UnCarb 3.40 PortGE 1.78 UnPac 1.80 ProctGI 2.40 Uniroyal RoyID 1.67b US Gyp 2.40 RepSteel .50 22 USSteel 1 Rexnord .40 Unocal 1 Reynolds 3 WUnion 1.40 Rockwell 32 Weyrhs 1.30 1.04 25 Woolwt 1.80 Safway 1.40 27 GrandAu .28 OUR BASIC SHELL STRUCTURE $8,900 this STARTS AS LOW AS price includes A full second floor, door windows, roof, slab foor, exterior walls siding, rough plumbing, inside stair and all labor. We custom build it on your lot. This is not a kit, not a prefab. You can own any of several sizes, and models.

One and two story models available. NEW MODEL OPEN HOUSE This Weekend only July 9 10, Sat. 9-5 Look for signs Specializing in Low Cost Custom Homes St SUNTAN CLArA CUSTOM STRUCTURES OF NEVADA NEV. LIC. OPEN How Also Utah Licensed Gun "Correls FOR MORE INFORMATION CALL RoAd.

702-456-4939 or 702-385-7357 Honest youth returns $10,200 BERLIN, Conn. (U'PI) A teenager who found and returned a pouch containing $10.200 in cash and checks Tuesday was rewarded for his honesty. Robert Briggs. 17. of Bristol.

found the pouch about 8 a.m. and promptly brought it to the police station, authorities said. About the same time. a woman walked into the station to report she had lost a pouch containing the same amount of money Police said the woman had placed the bag on her car and drove off. The checks and money belonged to the company she worked for in Rocky Hill.

After the woman gave police proper identification, she counted the money and checks and said it was all accounted for. Sweetner okayed NEW YORK UPI A new natural liquid sweetner has received approval by the Food and Drug Administration for use in carbonated soft drinks. it was announced Tuesday. Aspartame, a low -calorie. non-artificial sweetner will be marketed as NutraSweet by G.D Searle Co.

of Skokie. said Jim Grube. a spokesman for the company It is the first sweetner to be approved by the FDA in 25 years. he said. ST.

GEORGE THEATER GUIDE NOW Enter a new dimension. SHOWING 7:00 TWILGHT 9:00 ZONE THE MOVIE PG MOVIE I 214 NORTH 1000 EAST Albrtson .60 28 AllidCp 2.40 Allis Chaim 18 Alcoa 1.20 AMR Dow Ch 1.80 EsKodak 3a 73 Evans 10k 18 Exxon 3 34 Financial 41 STARTS HE STEVE INVENTED MARTIN SCREW IS A TRUST TOP WORLD ZIP HIM LOCK FAMOUS BRAIN SURGEON SURGERY FRIDAY -THE MANE 7:00 0 WITH TWO BRAINS 9:00 7:00 9:00 THES -ENDS MOVIE 826-0868 214 NORTH 1000 AST NOW SHOWING RETURN OF THE JEDI 9:30 Adults Children Seniors JULY 9 RETURN OF THE SHOW TIMES: JEDI 3:00 9:30 6:45 PG We cannot honor passes or discount tickets for this special engagement 628-0689 214 NORTH 1000 AST NOW SHOWING 7:00 9:20 DIXIE PG A COMICS RECEASED BE COMBAUNICATIONS BY 40 lates COMPINCY NOW BURT REYNOLDS 15 SHOWING Storer Flue 7:00: 9:00 Adults $3.50 Hes hot on the track Kids $1.50 and off PG GAIETY WEDNESDAY thru SATURDAY -PLUS CO-HITLONE WOLF The M'QUADE Movie PG $5.00 PER CARLOAD Starlight FIRST DUSK SHOW WEdNESdAy MATINEE: July 13 AT THE DIXIE 'The GREAT ADVENTURE" $1.00 Admission or 8 Matinee Tickets for $4.00 SHOW TIME: 1:00 P.M..