Newspaper Page Text
Market
outlook
improves
An end of week buying surge
sent stock prices soaring as hopes
for lower interest rates and a better
outlook for inflation calm in
vestors' fears.
The Dow Jones average of 30
blue chip slocks closed Friday at
2531.86, up more than 45 points
for the week and sending the market
to its highest level since the Octo
ber 19 market crash. An active day
of trading look place on Friday as
; the market rose 49.7 points on
; volume of nearly 200 million
‘ shares.
1
* Among the top stories investors
> were watching this week was the
* May durable goods orders report.
* That report showed a sharper than
j expected decline of 4.2 percent, and
2 dial was all good news for traders
■ton Wall Street. Durable goods is
* defined as manufactured items last
ing longer than three years. The
3 figures in this report were viewed as
definitive positive for bonds and
■* stocks and a sharp negative for the
j* dollar. This also comes on the heels
.of two consecutive rises in the
t months preceding.
Another confirmation of a con
tinued slowdown in the economy
was the report on personal income
and spending. Both turned in at
their weakest levels since Scpicm
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STOCKS SYMBOL LAST WEEKLY VOLUME
PRICE CHANGE
< American Express AXP -347/8 +5/8 1,062,900
Anheuser-Busch BUD -43 1/2 -3/8 856,200
Armstrong World ACK -401/4 +3/4 417,900
1 Atlanta Gas Light ATG +261/8 42,800
AT&T T -37 +3/4 8,983,600
BellSouth BLS -501/8 +1 1/2 626,200
Boeing BA +sl 3/4 +3/4 587,300
Citizens & Southern Bank CTZ -32 5/8 126,500
Chrysler Motors C +251/2 +l/4 606,400
Church's Chicken CHU -5 5/8 -1/8 13,100
Coca Cola KO +59 7/8 +2 5/8 907,100
Coca Cola Enterprises CCE -17 3/4 174,400
Della Airlines DAL +7l 5/8 +1 3/8 314,600
Digital Equipment DEC +92 3/8 +1 1/8 367,900
E-Systems ESY +3l 1/4 +l/8 28,200
Exxon XON +44 5/8 +5/8 910,100
Eaton Corp ETN +62 1/8 +7/8 31,300
First Wachovia FW -45 1/8 +l/4 190,800
Fuqua Industries FQA -301/8 -1/4 1,097,700
General Motors GM -41 1/4 +1 1,256,900
General Electric GE +54 7/8 +1 1/4 1,725,500
Georgia Pacific GP +44 5/8 +l/8 263,400
Goodyear GT +54 7/8 +1 245,100
Goodrich (8.F.) GR +57 1/2 +1 186,300
GTE GTE -55 7/8 +7/8 1,140,000
Hewlett-Packard HWP -53 1/8 +1 5/8 547,700
Honda Motors HMC +27 3/4 +3/4 34,200
Int’l Bus. Machines IBM -1107/8 +1 3/4 2,127,900
ITT ITT +597/8 +5/8 347,100
Kellwood KWD +307/8 +l/8 7,600
K-Mart KM -36 1/4 822,700
Kroger KR +l4 3/8 +l/8 204,00
Litton LIT -88 3/4 +l/2 66.700
Lockheed LK +4B 3/4 +3/4 96,100
Lowes Companies LOW +26 3/8 +1 42,200
M/ACom MAI +8 1/4 +l/8 41,800
McDonald's MCD +3O 1/2 +1 1/8 1,383,600
McDonncll-Douglas MD -77 3/8 -3/4 58,800
Merck MRK -697/8 +2l/4 931,300
Navistar NAV -5 -1/8 939,200
Norfolk Southern NSC +36 1/8 -1/8 287,100
Northrop NOC +27 1/8 +5/8 142,700
Pepsico PEP +55 1/4 +1 3/4 880,100
Proctor & Gamble PG +ll4l/2 +4l/8 417,500
Raymond James Financial RJF +l7l/4 +ll/8 18,500
Rockwell Int'l ROK +22 3/4 +l/4 557,500
Scars S +44 7/8 -1/4 1,392,800
Southern Company SO +26 7/8 +5/8 641,300
Sun Trust Banks STI +24 5/8 +l/2 67,300
Texaco TX +49 7/8 +3/8 893,500
TRW Inc TRW -46 1/8 +1 125,700
United Technologies UTX +52 3/8 +1 1/4 296,500
U.S. Steel X -36 7/8 +l/2 1,374,500
Union Carbide UK +2B 913,700
Wal Mart WMT +4O 1/4 +3/4 574,800
Wendy's WEN +6 3/8 +l/8 211,900
Winn Dixie WIN +sl +2 3/8 53,400
Westinghouse WX -64 1/4 +3/8 317,100
Xerox XRX +64 +7/8 690,000
j*
■>• STOCK SYMBOL WEEKLY
v CHANGE
~• American Oil and Gas AOG
Angeles Corp ANG
Crown Crafts CRW -1/4
Ecogen Inc. ECN +3/4
Koger Properties KOG +l/4
+ Prc Paid Legal Services PPD
Turner Broadcasting Class A TBSA -1/4
Turner Broadcasting Class B TBSB
USA Cases USF
1 STOCK SYMBOL LAST PRICE VOLUME
BID ASK
Atlantic Southeast Airway ASAI 15 1/8 15 3/8 17,500
Bank South BKSO 12 12 1/8 23,900
Cascade Corp CASC 203/4 21 1/4 1,600
> Columbus Bank & Trust CBTB 15 15 1/2 24,900
Kinder Care KNDR 7 1/2 7 5/8 337,500
Liberty Federal Banks FLFC 81/4 8 3/4 3,000
MIC Comm MCIC 40 3/8 401/2 538,100
Park Comm PARC 321/2 331/4 2,600
' Ryans Steak RYAN 77 1/8 157,400
STOCK SYMBOL CLOSE CHANGE
Dow Jones Industrials INDU +2531.86 +49.69
Dow Jones Utilities UTIL +210.52 +3.31
Dow Jones Transportation TRAN +1186.45 +8.57
New York Composite NYSI +182.86 +2.81
NASDAQ IXO 428.52 +4.08
S&PSOO SPX +328.00 +5.68
London Gold ZQL +370.00 +.25
New York Silver XYN, MA 5.29
rfln
Dave Ellis
Stock market report
W— J)
ber 1988. Lower car sales con
tributed to most of the decline, but
a big drop in defense orders also
showed up for the first lime since
1988.
Another big drop in the U.S.
dollar was recorded this week as
Central Bank intervention continued
to put pressure on the greenback.
The dollar closed Friday in New
York trading at under 141 yen.
Only last week, we saw the dollar
at 151 yen and most felt this was a
result of the turmoil in China.
Now as things appear to have
calmed down, the dollar has moved
back to the area it traded at about a
month ago.
Next on the agenda? . . . Look
for another cut in the prime rate
soon as the Fed will more than
likely start to ease over the next
several weeks.
Dave Ellis is a financial consul
tant with IM & R, affiliate of
Raymond James & Associates, a
New York Stock Exchange firm
with offices in Perry and Warner
Robins.
Perry-area business / industry news
|v..„ - yI
Treesouth celebrates its first year
By MELODY BACAS
Staff Writer
Trccsoulh Timber Services cele
brated first-year anniversary
Wednesday with a ribbon cutting
ceremony.
Edward Faircloth Jr. of Perry
Farm Services said the ribbon cul
ling was also to celebrate the com
pany joining the Perry Chamber of
Commerce.
Treesouth Timber Services is a
land and timber management com
pany. Registered forester Dan Sin
gletary had a management business
and was an independent consultant
with Perry Farm Services. He
eventually sold his business to PFS
and they hired him to head the new
limber division.
"This business is basically for
long-term planning while Perry
Farm Services is short term," Sin
gletary said.
Treesouth docs several things
relating to land and limber man
agement. They will appraise land,
place monetary worth estimates on
limber and work with land owners
on taking care of trees.
Many of the landowners are "tree
farmers" planting trees hoping to
make a profit in 20 years when the
timber is ready for sale.
Faircloth said there is a growing
market for this type of service.
"I had so much demand from my
customers for timber management,
so this business really filled a
need," he said, adding government
programs encouraging conservation
Perry Board of Realtors will
continue as local organization
By MELISSA CRADDOCK
Staff Writer
Members present at the Perry
Board of Realtors decided Thursday
to continue functioning as a board
rather than joining up with the
Warner Robins group.
Citing poor attendance and a lack
of participation, Chairman Richard
Goodroe posed the question to the
group. "We've worked so hard to
gel a board of realtors in Perry,"
said Goodroe. He, Sara Tabor and
the late Allen Whipple started the
Perry board after travelling for years
to meetings in Warner Robins.
Goodroe said that the board
shouldn't just be a requirement ful
filled for local real estate agents.
"It's not that we have to be, it's that
we want to be."
The problem was brought to
light when the scheduled speaker,
E. G. Maybohn, the president of
the Georgia Board of Realtors was
not present to speak. He was arrived
Richards is new CPA
Gloria J. Richards of Kathleen
has completed requirements to
practice as a Georgia cerfificd public
accountant.
She was recently recognized by
the Georgia Society of CPAs and
the Georgia State Board of Accoun
tancy at the Omni International
Hotel in Atlanta.
To be certified as a Georgia
CPA, she had to pass the American
Mid-Ga. Tech sets career workshop
Middle Georgia Technical Insti
tute is conducting a free two-week
career enhancement workshop to
assist individuals in finding em
ployment or to assist them in
entering technical school.
The workshop classes meet
weekdays from 8:45 a.m. to 3 p.m.
Free child care will be provided
during the workshop for pre-school
age children.
YOU’VE GOT THE LOOK
—HAIRSTYLIST— ljM^\
BARBARA STEWART
DEL McDOWELL _ lb
* «* «» ;‘ f
PEGGY DEESE WHEELER Ih 1
"FORMERLY OF MADWHACKER” f] ft
Walk-Ins Welcome
V /
PARKWAY PLAZA ■ 922-0583
1045 RUSSELL PKWY. 929-2438
J
■ np i, »,,, -‘ir *^*"^***^*^l3
Chamber and city officials gather to celebrate Treesouth's first year
...The company is a division of Perry Farm Services
has prompt these types of busi
nesses.
"The programs have encouraged
farmers to get out of row crop
farming and grow trees," Faircloth
said.
Treesouth also works with
wildlife management and that helps
at the group's old meeting place to
speak. He called the recently
resigned program chairman, who
told him the meetings were now at
the Holiday Inn. Maybohn decided
he could not stay for the meeting,
so he went back to Atlanta.
Goodroe explained the incident,
and asked, "Do we really want a
program chairman?" The board
elected Fran Pcnsyl as the new pro
gram chairman to replace the re
signed Bill Hafley.
A group of brokers, committee
chairman and the board chairman
will meet before the July meeting
to plan for the rest of the year. The
group will try to generate interest
and participation in the board.
Goodroe suggested that the board
get involved in some community
activities. "We need to start doing
something for the city of Perry," he
said. Goodroe called Perry "one of
the best markets." Because the
Institute of CPAs' two and a half
day examination and work in public
accounting for two years or in pri
vate industry accounting for five
years.
As a new CPA, she can audit fi
nancial statement, executive tax
planning and reporting and advise
businesses, government officials
and others on all phases of financial
management.
Topics to be discusses will in
clude developing a positive self
image, making the most of your
appearance, setting goals, time and
money management, handling
stress at home and on the job, con
tinuing education, resume writing
and job interviews.
You should register now for this
month's workshop. For more in
formation or registration, call Mid
dle Georgia Tech at 929-6800.
THE HOUSTON HOME JOURNAL, SATURDAY, JUNE 24, 1989
conservation projects too, Single
tary said.
"A lot of people have land for
recreational actives like hunting,
fishing and boating," Singletary
said.
The company has two registered
foresters and a secretary. Singletary
agents and brokers make a lot of
money in the city, they should be
willing to give something back, he
said.
The board's next meeting will be
held at noon on Thursday, July 27
at the New Perry Hotel.
We are Pleased to Announce
the Opening of
THE PERRY MEDICAL OFFICE
- Hours By Appointment
- Accept Most Insurance
Specializing in:
- Family Medicine - Pulmonary Medicine
- Orthopaedic Surgery
Dr. Wm, Alan Woolery
Family Medicine
Sports Medicine
Dr. Jeffrey Rymuza Dr. Derrick Phillips
Pulmonary Medicine $3 Orthopaedic Surgery
Allergy Disorders W Sports Medicine
I 987-4555 I
1115 Morningside Drive, Perry, GA.
FREE EYEGLASSES
Buy 1 Pair of Glasses
And Get The Second Pair
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Whatever you buy on your first pair of glasses, you get on
the second pair. (Example: clear glass, photo gray lens,
trifocal lens, etc.) 2nd pair should be equal value or less.
Large Selection
of Frames
Dourißotun QptfcianMnc.
Williams Plaza, Warner Robins
Cali 922-2020 or 923-2020
K-Mart Shopping The Oaks Shopping Center
596 Cherry St. Center 1634 Macon Rd. P|„ Mono Ave
Macon, Ga. Riverside Dr. Dublin, Ga. u ipn . _
746.4844 743-8888 272-0249 781^3 10 ‘
""
said the small staff keeps costs of
their services down.
"Most of our services pay for
themselves in the long run,” he
said.
They also deal with contractors
in many cases, he said.
Trcesouth currently manages be
tween 25,000 and 30, 000 acres of
land in Georgia, Alabama, South
Carolina and Florida. Singletary
said local and stale forestry com
missions help by supplying them
with information on both manage
ment and conservation.
Singletary is good timber man
agement is more vital for the next
20 years than ever.
"Between now and the year
2,000, there is going to be a short
age of big saw timber," he said.
"That's because we went for about
15 years without replanting."
5A