The Cincinnati Enquirer from Cincinnati, Ohio • Page 28

C-6 TUESDAY, JUNE 3, 1986 CINCINNATI ENQUIRER EDITOR: KERRY KLUMPE, 369-1009 Final New York stocksC-9 NASDAQ closing pricesC-10 Final American stocksC-1 1 Daily mutual fundsC-12 CZ)) xJj Portfolio strike causing some delays 1900 1880 1860 h840 1 I HL; 1820 1800 the strike "probably will not have too much effect in the short term." "The question will be, how long can either side last," Brock said on NBC-TV's "Today" show. Tom Duddy, a spokesman for Bell of Pennsylvania, one of the independent local companies created in the breakup of the Bell System, said there were scattered reports of some Bell workers who also belong to the CWA in Philadelphia and other locations staying off the job in sympathy with the strike against New York Telephone obtained a court order late Sunday after some of its workers honored picket lines set up at buildings shared by it and The order forbids CWA members from picketing New York Telephone work entrances. Ohio Bell Telephone said up to 350 of its workers did not cross picket lines Monday at facilities it shares with Ohio Bell spokesman Charles Day said the company had not decided whether to seek a court order against picketing at its entrances. Some Michigan Bell employees also refused to cross CWA picket lines at shared facilities, said company spokesman Greg Gordon in Detroit. spokesman Herb Linnen said the company got through its busiest hours Monday on the East Coast with a level of operator service that he called "pretty good." In Georgia, spokesman Tom Landers said operator delays were about 7 seconds Sunday and about 12 seconds Monday, which "is not much of a delay." He said he knew of no complaints.

THE ASSOCIATED PRESS Some long-distance callers encountered delays in getting assistance from management personnel Monday, as pickets in a strike against American Telephone Telegraph Co. spread to some of the former Bell operating companies. officials said there were some short delays in operator service, but that about 90 of the long-distance calls it handles are direct-dial and not affected by the strike. The Communication Workers of America, representing about 155,000 of 200,000 union workers, struck the telecommunications giant Sunday. CWA President Morton Bahr told the union's negotiators Monday to contact bargainers about company assurances that "systems technicians" described as cable pullers who now make $646 a week would not be laid off under the new contract and then rehired at $300 a week less.

The union's belief that language in the company's final offer would allow that practice for between 15,000 and 20,000 of its members was the main disagreement that triggered the strike. officials said Sunday and repeated Monday that no systems technicians now on the company's payroll would take a pay cut. "If that's the position of this company, we can settle this issue," Bahr told executive vice president, Charles Marshall, in a joint appearance by both men on ABC's "Good Morning America" program. "We want job security," said Christine Hiatt, who was picketing in Louisville. Labor Secretary William Brock said Monday that 1780 1-1 if 1760 T7 T7 1740.

1Q 20 21 22 23 27 28 29 30 2 MAY JUNE Dow Jones 30 Industrials High and close (by white dot) The Associated PressCharles Knoblock Long distance operators of picket in front of an office in Chicago Monday. Procter Gamble realigns ad agencies Oxydol, Solo, Bounty, Luvsand 1 ender Leaf 1 ea. declined to discuss' the amounts of money involved in the operation announced. would be reassigned to Leo Burnett Chicago. Needham Harper Worldwide will lose Metamucil to Tatham-Laird Kudner, Chicago, and Dramamine to an agency yet to be announced; D'Arcy Masius Benton Bowles will lose Pep-to-Bismol to Leo Burnett and Dancer Fitzgerald Sample will lose Encaprin to an agency to be announced later.

Robert V. Goldstein, vice presidentadvertising, said the health and personal care products their contributions to these businesses." In addition to Vicks Formula 44, D'Arcy Masius Benton Bowles will continue to handle a long string of products. They are Dawn, Ivory Snow, Dash, Bounce, Crest, Scope, Norwich aspirin, Ivory Shampoo, Wondra, Always, Attends, Char-min, Pampers, Clearasil, Fas-teeth, Fixodent, Nyquil, Vicks and Sinex. Dancer Fitzgerald and Sample will continue to handle Dreft, BY MARGARET JOSTEN The Cincinnati Enquirer One of the world's largest advertising agencies will lose three Procter Gamble brands as a result of a move to realign and consolidate its health and personal care advertising. announced Monday that Oil of Olay would be reassigned from Young Rubicam to Wells, Rich, Greene; Vicks Formula 44 would go to D'Arcy Masius Benton Bowles and Tempo antacid were being consolidated and realigned to reflect changes that have resulted from the company's recent acquisition of Richardson-Vicks Inc.

and several over-the-counter products from G.D. Searle. "These moves will enable us to run our business more efficiently," Goldstein said. Goldstein emphasized, however, that the previous agencies have done a "fine job" on the brands and "we offer them our thanks and appreciation for The moves were unrelated to speculation in the trade publication Advertising Age that might be preparing to remove some of its accounts from Saatchi Saatchi, which recently bought out Ted Bates Worldwide, becoming the world's largest ad agency. Canada: imposes tariffs Move prompted by U.S.

duties THE ASSOCIATED PRESS IV if -J i 1 I I 4 'f 1 1 mm tj OTTAWA Canada will impose import duties on U.S. books, periodicals, computer parts and semi-conductors in reprisal fur new American penalties on British Columbia's cedar products, Finance Minister Michael Wilson Market declines on lower volume The stock market lapsed into a broad decline Monday in selling attributed partly to rising interest rates. The Dow Jones average of 30 industrials, which had risen almost 117 points over the past two weeks, dropped back 14.76 to 1,861.95. Volume on the New York Stock Exchange slowed to 120.59 million shares from 151.2 million Friday. Real estate FIRST TENANT MOVING IN: Burgoyne the first tenant in the $50 million Centennial Plaza, at Eighth Street and Central Avenue downtown, opposite City Hall, is to begin moving in this week.

Burgoyne, a market research firm now at 309 Vine is the major tenant in the first of three buildings in the plaza, developer David Tipton said. Burgoyne will occupy about 30,000 square feet of the 80,000 square feet in the five-story building. Communications, the project's second major tenant, will occupy one of the two remaining buildings on the site. Construction of those buildings has not begun. Acquisitions BANK PURCHASE COMPLETE: First National Cincinnati Corp.

has completed the purchase of its first Indiana subsidiary, Peoples National Bank of Law-renceburg, for $6.5 million. Peoples National, with total assets of $55 million, has four offices in Dearborn County. First National's purchase of a second Indiana institution, Second National a Richmond, bank holding company, is still pending. First National Cincinnati now operates 12 banking subsidiaries including First National Bank of Cincinnati. Finance TREASURY BILLS RISE: Interest rates on short-term Treasury securities rose sharply in Monday's auction to levels not seen since late March.

The Treasury Department sold $7 billion in three-month bills at an average discount rate of 6.33, up from 6.15 last week. Another $7 billion was sold in six-month bills at an average discount rate of 6.41, up from 6.21 last week. The rates were the highest since March 31 when three-month bills sold for 6.35, and on March 24 when six-month bills averaged 6.43. Communications BELL OK'S REPURCHASE: Cincinnati Bell board of directors Monday approved the repurchase of the company's common snares on the open market from time to time. The company said the repurchased shares would be used for the Cincinnati Bell far.e owner Telephone re: investment and stock purchase plans and for the employee stock ownership and employee savings plans Cincinnati Bell directors also elected Chief Financial Officer Raymond R.

Clark and John T. LaMacchia, president of Cincinnati Bell Information Systems, as executive vice presidents of the corporation. Clark and LaMacchia were both vice presidents and members of the board of directors. Labor PROPOSAL REJECTED: Newport Steel efforts to reopen the Kentucky Electric Steel plant in Ashland, have suffered a setback, with members of the United Steelworkers local voting down a contract proposal. The results of the vote by about 400 workers were not released, but union leaders said it was close and indicated an agreement could eventually be reached after more negotiations.

Kentucky Electric closed in August following a strike by the union, leaving 500 workers without jobs. Compiled by Dick Benson from staff and news service reports said Monday. Import duties also will be increased on a variety of other unspecified products, he told the House of Commons. 1 1 1 1 1- I he government takes no pleasure in implementing these actions but legitimate Canadian interests must be protected," Wilson said. "Our objective is to bring home to the United States the The Cincinnati EnquirerGordon Morioka Gary Herfel, a partner with Frost Jacobs, stands on the balcony outside the firm's Fort Wright, office.

Legal affairs converging Ohio, Kentucky treated as one community cost of protectionism," he said. "Nations which resort to unjusti Factory orders up .1 Area economy no 'ball of fire' THE CINCINNATI ENQUIRER and THE ASSOCIATED PRESS Orders to U.S. factories for manufactured goods overall rose 0.1 in April and demand for items related to consumer spending went up significantly, the government and private analysts said Monday. The Commerce Department said new orders on a seasonally adjusted basis edged up to $193.18 billion in April, following a 2.8 drop in March. Despite the increase, factory orders are considered by many analysts to be a weak spot in the U.S.

economy, reflecting the persistently high volume of imports that are depressing many American industries. In Cincinnati, that view is echoed in a new report by the Purchasing Management Association of Cincinnati. The association, in its May survey, found "that our local economy is healthy but not a growing ball of fire." The association is made up of purchasing managers for local companies. Although the survey isn't scientific it is considered important because purchasing managers are in a good position to assess near-term economic trends. "Our leading indicators indicate that we can expect at least a couple more months at the current level or better," the report says.

Of those responding to the survey, 33 said production rose in May, while 48 reported no change and a decrease was noted by 20. On employment, 26 said their company's labor force increased during the month, while 52 said it didn't change and 19 said it fell. Allen Sinai, chief economist for the New York investment firm Shearaon Lehman Brothers said the significant aspect the (Please see ECONOMY, Page C-7) fied protectionism must be made to realize that trade is a two-way street. Focus Wilson said the move did not represent the beginning or an escalation of a trade war with the on law United States, which he said would "serve no useful purpose." He said the import duties will go into effect on Friday, the same day America begins collecting the new tariffs on red cedar shakes and shingles, used in roof con struction. The Reagan administration an nounced last month that it would impose the tariffs for five years on the cedar products because Canadian imports worth more than $200 million a year were hurting the American industry.

there. One major difference, some lawyers point out, is that Northern Kentucky doesn't have a concentrated legal and financial district comparable to downtown Cincinnati. In fact, two of Northern Kentucky's counties Kenton and Campbell each divide county seat functions between two communities. "It's a totally different setup than Cincinnati," says Richard Spoor, partner in charge of the Kentucky office for Taft, Stettini-us Hollister. That firm's Kentucky office opened in April.

It has three lawyers and may expand in the future. Despite long-standing ties, the expansion of legal firms' into Northern Kentucky is relatively recent. Philip Taliaferro III, who practices in Covington, thinks his firm was the first to ford the Ohio by forming Taliaferro Mann in 1983. His partner is his brother-in-law, Cincinnati City Council member and former mayor David Mann. Taliaferro says parochialism (Please see LAWYERS, Page C-7) BY GREGG FIELDS The Cincinnati Enquirer Andre Busald, president of the Northern Kentucky Bar Association, says residents of Cincinnati's southern suburbs used to use local lawyers for relatively minor matters like divorces, wills and drunken driving tickets.

"But if there was something they'd go to Cincinnati and get a real lawyer," he says. Now, that's changing, Busald and others say. "The last few years have seen a great awakening of Northern Kentucky pride," he says. That, coupled with a growing economy in Boone, Kenton and Campbell counties, has resulted in a dramatic shift in the way Northern Kentucky is treated by Greater Cincinnati's legal community. Increasingly, the two sides of the Ohio River are being treated as one community.

Several large Cincinnati firms have opened offices in Northern Kentucky, and law firms there are also opening satellite operations within walking distance of Fountain Square in Cincinnati. "We had a substantial number. of Kentucky clients," explains Gary Herfel, a partner with Frost Jacobs, at the firm's Fort Wright, office. "The physical presence adds to our ability" to serve the Kentucky market, Herfel says. Frost Jacobs' office has five attorneys.

Despite a historical, psychological barrier between Cincinnati and Northern Kentucky, setting up shop there wasn't much of a culture shock, Herfel adds. "We were already members of the Kentucky bar," he says. "I have personally practiced here for 16 years, and I live in Fort Thomas. It's home." Observers note that the local legal community's ties have always been strong with Northern Kentucky. A significant number of Cincinnati's lawyers attended Chase Law School at Northern Kentucky University.

Many Ohio attorneys are licensed to practice law in Kentucky and also live The U.S. duties start at 35 for the first 30 months, then go down to 20 and eventually 8. Wilson said the new Canadian duties will raise more than $77 million Canadian $55 million U.S. but he did not give details such as specific amounts for the various products. Prime Minister Brian Mulro-ney's Progressive Conservative government, which has made improved relations with the United States the centerpiece of its foreign policy, had called the U.S.

decision.