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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

The Ticker A Look Back At The Past Week On Wall Street

What’s hot

Investors rushed to get more of Eagle Hardware & Garden Inc. shares this week on news that second-quarter earnings rose an astonishing 77 percent. The Renton, Wash.-based chain’s stock jumped $2 to close the week at $20 per share…Other Puget Sound stocks moving up this week were Flow International, up $1 3/8 to $9; Wall Data Inc., up $2 1/2 to $26 1/4; Seattle Filmworks Inc., up $1 9/16 to $17 11/16; and Weyerhaeuser Co., up $1 3/8 to $47…As modems get more popular, so does modem maker U.S. Robotics Corp. It’s stock rose $7 3/8 to $54 1/2, a 16 percent jump…Technology investors also got excited about Zenith Electronics Corp., which announced a $1 billion contract to build three million television set-top boxes. Its shares gained $4 3/8 to $14 7/8 for the week.

What’s not

In a word: tobacco. Shares of Philip Morris Cos., RJR Nabisco Holdings Corp., and UST Inc. all lost money this week on the one-two punch delivered by President Clinton, who announced tough new regulation on cigarette advertising, and a parade of lawsuits against the tobacco industry. Shares of Philip Morris, the world’s largest cigarette maker, ended the week at $88, down 17 percent since July, a $15.3 billion drop on paper.