BIG NIGHT FOR MUSIC

July 30, 2002 11:00 pm

Local music buffs are in for a treat come Friday night. The popular Portland rock 'n' roll oldies band Johnny Limbo and the Lugnuts will be performing at the Union County Fair. People who like a different type of music will be treated to Oregon's own, the 234th Army Concert Band, at 7:30 p.m. at McKenzie Theatre on the Eastern Oregon University campus.

THE OBSERVER and EOU are presenting the free Army National Guard band concert. The performance wasn't scheduled to compete with Johnny Limbo's show at the fair. The Army Band was coming through on its way to another concert and offered to perform in La Grande, but it could only do so on Friday night.

Both groups are worth seeing. For those who would like to see both, Johnny Limbo will be doing two shows at the fair — at 3 p.m. and 8 p.m. Catch the early show and then make your way to McKenzie Theatre.

BUT ONLY 300 seats are available. The free tickets are available at The Observer office, 1406 Fifth St. Fewer than 100 tickets remain, so hurry in and get yours.

Let's show both bands that Union County can turn out the crowd. Both groups are worth seeing and hearing. Enjoy!

Ol!

When a local investment counselor whispers, we'd better listen.

Shawn Mangum of La Grande proved last week that people do not have to go to the big guys at the New York Stock Exchange to get a flavor for what's happening.

When asked last Tuesday why stocks were doing so poorly, the investment adviser wrly answered, "A bull always backs up before it charges."

MANGUM'S WORDS PROVED to be prophetic. On Wednesday, more than 2.7 billion shares were traded and the Dow Jones made a 488-point gain, one of its highest in history, closing at 8,191.29 and making up for some of the mammoth losses that occurred earlier in July. Other stock indicators, including the Nasdaq and the Standard and Poor's 500, finished the day with nearly 5 percent gains.

Thursday's stock performances fell back somewhat. The Dow dropped by a meager 5 points and the Nasdaq fell 50.15. If the bull charged on Wednesday, then it settled down in its pasture the next day to catch its breath.