The Cincinnati Enquirer from Cincinnati, Ohio • Page 29

mm AMEX STOCKS C- 3 MUTUAL C-4 OTC STOCKS C-4 C. EDITOR: ROBERT CLERC, 369-1009 TUESDAY, DECEMBER 25, 1984 THE CINCINNATI ENQUIRER all St. Wonders: Who Will Pickens Pick Next? THE ASSOCIATED PRESS NEW YORK-Phlllips Petroleum Co. stock plunged Monday after the company agreed to a restructuring that would reduce Its size In order to escape from a hostile takeover bid by a group led by T. Boone Pickens Jr.

But with Phillips off Pickens' shopping list, prices rose for other takeover prospects, including giant Mobil Corp. and U.S. Steel Corp. Pickens, whose partnership Is $89 million richer as a result of Its three-week struggle for Phillips, said his Immediate plans were to celebrate Christmas with his 11 children and grandchildren In Amarlllo, Texas. Steel, the parent of Marathon OH up 37 cents at $25.62.

"There's no doubt Boone will be back, that's why Mobil is up," said Rosario II-acqua, an oil Industry analyst for the securities firm of L.F. Rothschild, Unter-berg, Towbin. Ilacqua said Mobil and Unocal, which both were on the NYSE's active list, were the logical candidates. Margoshes said that while speculators were betting on more takeover bids, he was skeptical. He said an uncertain outlook for world oil prices and the possibility of a congressional backlash against such bidding tactics would reduce the chances of new takeover attempts.

states prevented it from proceeding. Traders, In anticipation of getting at least $60 a share for Phillips and amid expectations that a bidding war would erupt to push prices even higher, had bid the price of Phillips stock up from before the offer was announced to at the end of last week. The agreement to end the takeover bid was announced late Sunday, and when stock exchanges opened Monday, Phillips stock plummeted. Phillips fell $9.62 to $45.25 a share with nearly 4.9 million shares changing hands. It was the most active Issue in the Christmas Eve session on the New York Stock Exchange.

"It's clear that whoever owned the As for any new deals In the future, "Let's talk about It after the first of the year," he said In a telephone Interview. Asked If the Phillips deal was his last such bid, he said, "Probably not." Pickens Is chairman of Mesa Petroleum Co. of Amarlllo, which formed a partnership with Wagner Brown, an Independent oil firm In Midland, Texas, and launched an unsolicited bid for Phillips on Dec. 4. The Mesa Partners group acquired 8.9 million shares of Phillips, or 5.7 of the outstanding stock, for $383 million on the open market.

It had said it planned to acquire Phillips' remaining stock for $60 a share, but a barrage of lawsuits in four stock should have sold It Friday," said Sanford Margoshes, an analyst who follows the oil Industry for the New York securities firm of Shearson Lehman-American Express Inc. Margoshes said the proposed restructuring of Phillips, which would give employees 40 of the company's stock and require Phillips to sell $2 billion worth of assets, would hold the company's stock below $50 a share for the foreseeable future. But as Phillips fell, companies that had earlier been mentioned as takeover candidates rallied, Including Mobil, up $1.75 at Unocal up $1.75 at $37; Sun up $1.75 at and U.S. Farm Implements Face Tough Hoeing Bartlesville Celebrates End To Phillips Threat ,00 ville caught the imagination of the national media," said Sanford Margoshes, an oil Industry analyst for the investment firm of Shearon Lehman-American Express Inc. in New York.

"It should be a Merry Christmas in IT 4J While Pickens had said he had no plans to move Phillips from Bartlesville, residents of the town feared a pullout or replacement of hometown workers with outsid THE ASSOCIATED PRESS BARTLESVILLE, who had waged a "Boone Buster" campaign against a bid for the community's biggest business, rejoiced Monday as word spread that Phillips Petroleum Co. had escaped the clutches of T. Boone Pickens Jr. Churches were asked to set aside 66 seconds of their Christmas Eve services for prayer for the continued independence of the company with the Phillips 66 brand. The chamber of commerce and mayor said they expected stores to be filled with Christmas shoppers who had put off making any big-ticket purchases because of the uncertainity caused by the takeover attempt.

An investors' group led by Pickens, chairman of Mesa Petroleum reached an agreement Sunday with Phillips to drop its bid for control of the nation's eight largest oil company. As part of the agreement, a restructuring of Phillips was proposed that would leave the company smaller and give its employees a big stake in the ownership. Just three weeks after launching the bid, Pickens' group realized a profit of $89 million from the settlement, which also provides that Phillips will pick up the tab for all of its expenses. One reason Pickens may have been eager to take advantage of an opportunity for the quick profit was that "the people of Bartles ers. "Boone Buster" T-shirts and: buttons, a takeoff on the hit movie "Ghostbusters," were common around the town.

Even a float in the Christmas parade was based on that theme, Mayor Arch Rob- bins said. In Bartlesville, residents of all ages rallied to fight the takeover bid. A public rally was held in' downtown Bartlesville, and students wrote postcards to the-White House to draw attention to" the bid. "Words cannot express the1 gratitude that we have or how we feel about all the support the peo- pie of Barlesville have given us," Phillips Chairman William C. Douce said Monday.

Sam Cartwright, executive vice president of the Barlesville Area' Chamber of Commerce, said: "It's really hard to tell how much this company means to us. With almost 8,000 employees out of a town of 40,000, that's a major, major part of our workforce. It's very important." der-40 horsepower tractors, the only segment of the farm-equipment business that has been growing In recent years, has been completely taken over by Japanese producers. At the same time, virtually all tractors equipped with engines of between 40 and 90 horsepower are now imported from Europe, mostly from the European affiliates of the major U.S. manufacturers.) In the combine market, the capacity problem is even worse.

Domestic producers now have the ability to make about 42,000 combines annually, but sales are running at a dismal rate of only about 13,000 a year. (Combines are machines that harvest and thresh grain.) THE STRUCTURAL changes going on the farm-equipment business, one of the nation's oldest heavy industries, have been brought on by a sharp drop in demand caused by the crisis in American farming. The effect on American farmers of the Soviet grain embargo, imposed by the Carter administration after the Soviet invasion of Afghanistan In December 1979, was quickly followed by a worsening credit squeeze on farmers at a time of falling crop prices. Throughout most of the 1970s, high inflation, rising crop prices and expanding export markets had boosted farm incomes and land values, making it relatively easy for farmers to borrow money to pay for expensive new tractors and combines every five to seven years. But in the early 1980s, the worldwide recession cut the demand for agricultural products both in the domestic and export markets, reducing farm income and the value of farm land, which is the primary asset against which farmers can borrow to buy new equipment.

As a result, farmers are now holding onto their equipment for eight to 10 years, reducing the market for new machinery, according to Lavon Fife, an agricultural economist at International BY JAMES RISEN The Los Angeles Times The inevitable has finally happened in the nation's ravaged farm-equipment industry, and the shakeout has begun in earnest. Ailing International Harvester one of the most hallowed names on the American farm scene, will abandon its tractors, combines and other specialized agricultural-Implements business in order to concentrate on its healthy heavy-truck operations. Chicago-based Harvester, deep in debt and unable to staunch continuing losses In its agricultural operations, agreed to sell its farm-equipment business for $430 million cash and stock to Tenneco I Case subsidiary, a Racine, tractor maker. Case hopes Harvester's combine-and implement-manufacturing operations In North America and Europe will establish it as a full-line farm-machinery producer able to compete more effectively against Industry leader Deere which, analysts estimate, accounts for more than 40 of the dollar value of domestic farm-equipment sales. THE CONTINUING, four-year slump In the nation's farm economy has devastated agricultural-equipment makers, leaving sales at about half their peak levels of the late 1970s.

With few signs that 1985 will bring anything more than a very modest upturn In sales, outside observers and executives throughout the industry were heartened that the Case acquisition will reduce American tractor-manufacturing capacity by about 30. (Case said it plans to close Harvester's large tractor plant In Rock Island, 111., eliminating the Jobs of 600 active and 600 laid off workers.) Already, inventories of unsold tractors and other machinery have reached such mammoth proportions that most farm-equipment manufacturing plants In the United States will be shut for extended periods this winter. i JOHN SNYDER Im Central, Southern Ohio Merger Set For March 3 1 The transformation of Case Into a stronger, full-line producer with the second biggest dealer network In the industry-and the backing of a big parent companyalso sparked new concerns that the merger might place new pressures on smaller equipment makers to get out of the business. "The consolidation (of Case and Harvester) will create a strong, viable competitor to Deere, and that means that severe competitive pressures (on the rest of the industry) will continue," said Eli Lustgarten, an analyst with Paine Webber Inc. in New York.

"I think that in 1985 you are going to see more consolidation activity, through more mergers or acquisitions. I think 1985 will be a watershed year for the Industry." ANALYSTS POINT to smaller competitors, such as Allis-Chal-mers Massey Ferguson North American operations, and perhaps Ford Motor tractor operations, as the prime candidates for consolidation over the next year. Most industry executives agree that something has got to give in the farm-equipment market in order to reduce excess inventory. According to unofficial industry calculations, North American manufacturers will have the capacity to build about 58,000 large tractors (except four-wheel-drive vehicles) after the Harvester plant closing. But this year, total sales for over-100 horsepower tractors will be only about 34,000.

(The market for small, un- Customers of Southern Ohio Bank will become customers of Central Trust on March 31, If the proposed acquisition clears Its final hurdle. On Friday the Federal Reserve Board approved Central acquisition of United Midwest Bancshares, the holding company that owns Southern Ohio Bank. A 30-day waiting period, imposed by the Justice Department to clear the acquisition of any possible antitrust prob- lems, follows. When that period Is over, the i 1 banks are cleared to merge. Cen- -tral's executive vice president Ed C1 Bender said the mechanics of the merger will be worked out through the first quarter The merger of the two banks will mean the closing of twox branches and the switch of X-j Southern Ohio's customers fromt-the Jeanie automatic teller net- A work to The Owl, which Is owned by Central Bancorp.

ll.f New York Stocks Business Digest Soles Net Div IHds) do Chg. Sales Net Div (Hds) Clo Chg. Satei Net Div (Hds) Clo Chg Avon 2 790 21' Ayo! 134 22- Mi B- 112 51- Mi 1 294- Ml 51 I Ml 1021 51 'l Mi 915 28 k5296 75 1934 6741 Quotations Include tradei on the New York, Midwest, Pacifie and regional stock ei-thanges and by the National Association of Securities Dealers. BMC 41 Bairnc .50 BkrWtl .92 Baldor .36 vjBaldU Sales Net Div IHds) Clo Chg. ConsPw l.OSi 2036 4- Mb CnP pfA4.l6 1)00 204 CnP ptB 4.50 1230 22 CnP pfD7 45 1300 37 CnP prV4.40 46 IB CnP prU3 60 14 16 CnP prT3.78 I 16 CnP prR 4 25 17'A Mi CnP prP398 68 17 '4 CnP prN3.85 3 174 CnP prM2 50 24 12 Vi CnP prL2.23 20 II CnP prS402 6 )74 Mi CnP prK2.43 21 114 131 10 1 24 27- Mi 621 15- Mi 45 20'4 4 754 1 1-16 1-16 9 3 ZJfi BkXJ pf AGn pfD264 AHerit 108 AHo.lt AHome 2.64 AHosp 1.12 Amtch 6 AtnGrp 44 AIGp pf 515 AMI .60 AmMot ANtRs 1 22 APresid 74t ASLFIa ASLFI pf? 19 AST 80 AmStd 1.60 ASterl 1 -7 121 A-B .20 BatCp BayMI BalyPk 24 715 41 680 42 'A 12 I.

39 'A BaltGE 320 5 IIV. Mi 116 12 I 144 1 BncOne BanTex 197 26 Mi 166 4'4- Mi 155 52 4 119 39- 'A 351u36'li1'4 .20 110 240 2.04 114 144 4 1579 36 5 19'4 4 139 36- Ml Bandag BkBos BkNY 1st National Buys Ohio State Bank First National Cincinnati Corp. is setting up shop In Columbus with the purchase of the Ohio State Bank of Columbus. Ohio State Bank is being spilt off BancOhio which was recently purchased by National City Corp. of Cleveland.

The acquisition will net First National 18 branches in Columbus. Terms were not disclosed. First National expects the acquisition to be complete by June 1, pending approval of state and federal banking authorities. "It gets us into the Columbus market. It's a part of the state we don't do business In," said First National president Mark Johnson.

The acquisition will bring $230 million in assets to First National's $2.75 billion. more than three crates with canned goods for the Free Store. The event, held Friday, grew out of a Christmas party at the plant. 2 National Distillers Officers The board of National Distillers and Chemical Corp. has elected John D.

Lethbridge and Ronald F. Van Vactor vice presidents effective Jan. 1. Lethbridge will oversee operations of National Distillers Products the spirits division, and Alma-den Vineyards, the wine division. Previously vice presidentmarketing for the spirits division, Lethbridge succeeds Sanford M.

Whitwell, executive vice president of of National Distillers and Chemical who will retire Dec. 31. Van Vactor has been designated general manager of National Distillers Products succeeding John J. Valentine, vice president of National Distillers and Chemical who is retiring Dec. 31.

Van Vactor was vice presidentsenior marketing director for the division. it 11 CntlCp 2.60 719 36'- 'It Contl wi 98 5' Mi Conttl rt 1549 CntH 5 354 CtHHd 2073 ContTel 1.72 646 22'- 'A CtData .66 4473 34'A 4 CnDt pf 4 50 150 37 1 Conwd 1 17 30 Sales Net Div (Hds) Ck) Chg. BwnSh .20 10 16- Mi BwnGp sl.36 58 26 Mi BrwnF 1.06 408 37'4 Mi Brnswk I 831 32'11 BrshW .41 27 34 BucyEr .44 II 14 Mi Bundy 80 26 17 BunkrH 2.16 xS 17' Burlnd 1.64 506 26 BrlNth Sl.40 596 47'- '4 Br IN pf5.43e 37 48' Borndy 84 190 13- Burrgh 2.60 4392 58'4lMi Butlrln .52 38 17 Buttes 47 4'A '4 C-D CBIsi 1 40a 62 25 CBS 3 995 72 CCX 19 5'1. CCX pf 1.25 1200 9Mi CIGNA 260 728 43 Mi CIG pf 2.75 21 27Vi Mi CLC 51 5 CNAFn 204 29l'4 CNAI 1.20a x96 10 '4 CPCsit 2.20 287 40'4l'4 CPNtl 1.40 38 I8'1- '4 CSX 1.04 866 24 CTS 1 x56 32'A C3lnc 82 9 Vi Cabot .92 80 26 Caesar 227 10 '4 CalFed .32 318 I7M CaJFd pf4.75 8 41Vi '4 Catm 111 lS'41'4 Camml .12 19 13 CRLk .40 3094 I8'4 CmpR .161 63 4'4- '4 CamSo 2.50 121 69 '4 BnkVa 1 133 24 'A Br Am 1.52 2654 18 Mi 3 42'i 'A 417 49141 'A 21 166 1188 41 BkAm pf52le BkAm pf288 BkARty 240 BankTr 270 BkTr pf 2.50 Banner 5 22 'A 70 viCookU 67 1 2 9 Mi 111 164li 6 154 'A 61 9- 'A Bard BarnGp Bar net .44 .80 1.36 3166 29 .60 BaryWr 56 I 'A AmStor .64 AStr p)A43B A Sir pfB6.80 1.20 pf364 pf3.74 AWatr 1.60 A Wat pf 1 40 AWa Spf 1.25 AmHotl 2.41 ATrPr 5.34e ATrSc Ameron 1.60 AmesD .20 Ametek .80 Amfac 1.44 Amfesc AMP .64 Amoco .30 Amrep AmSth 1.40 Amsted 1.60 Anacmp Analog Anchor 141 98 UMi- Mi 21 28- Ml 669 55M 2 22 6 9- Mi 163 22 I 21 Mi 179 43 124 23Vi- Ml 18 10 517 26M1 1383 12 6 24 Mb 15 29'A Vi 30 33 'A 1175 29- 4 55' 413 39 BASIX Bausch BaxtTr BayFIn .71 .33 20e 10'- Mi 364 'A S4'A 2554 2l 47 Mi 4 2 122 1561 21 1211 34 Mi 97 'A 280 31 159 ll'A- Mi 6 17 'A 97 12 120 30 'A 23 22 286 31 69 49 'A 9 52 2263B I94 352 34'A x39 34'A- 'A 16 36 Mi 1500 46 Mi I2O0 U'A- 17 26- Mi Xl2 64 Ml 20 7 Mi 3 29 'A 95 27 Ml 101 24 269 2OV4 106 11' Mi 1527 334- 'A 353 15 Mi II 13 'A 14 24 131 34 Mi 1111 1- Ml 351 24 16 20M. 90 35' Mi 111 9 47 17- Mi 709 73'4 1071 53 Mi 65 16'A 4 32 13 4 74 12Mi 221 10'4 Mi 251 11-16 400 15- Mi 150 61 2 30 Vi 41 21 112 9'4 Mi 760 19 Mi I649 u224'A 9 27 51 17 BayStG 2.60 Ford's Cincinnati Payroll Rises Group Buys Interes In Eli(e A Aft .41 AGS A MCA I AMF 50 AMR AMR pf 2 II AMR pf 2.13 APL ASA 3 AVX .32 AbtLab 1 20 AccoWd s.44 AcmeC .40 AcmeE 32b AdaEs 2.

He AdmMI .32 AdvSys AMD Advest .12 Aerflex AetnLf 2.64 AetL pfS.87t) Ahmns 1.20 Alleen AirPrd 1.20 AlaMoa AlaP p(A392 AlaP dpi .17 AlaP pf 9 44 AlaP pf 1 21 Alagsc .92 AlskAIr .14 Afctins .61 Alcan 1.20 AlcoStd 1.20 AlexAlx 1 Aleidr AlgCp 10 AlgCp pf2U Alght 1.40 Alotr, pf 2 19 Akjl pfCll.25 AlgPw 2.70 AlenG AMCp I I AldCp pf6.74 AkJCp pf 12 AldC pf 12.49c AldPd AldStr 2 AlvCh Bearing 1 BeatCo 1.70 Beat pf 3.38 BectnO 1.20 Beker Ford Motor payroll in the Cincinnati area 30 7 Ml Mi 3 Coopr 1.52 110 29 Coopl pf 2.90 32 3244 CoopLb 06e 236 13'4 CoprTr .40 II 17- '4 CoopviS .40 316 164- '4 Copwld .58 14 12 Cpwld 11 19- '4 Cordura .84 120 22 1 Corem .52 21 11- '4 CornG 2.56 67 65 4 CorBk 1 448 29- 14 Cowles .40 806 45'4- A CoxCm .34 x206 484 Craig 6 6 'A Crane 1.60b 7 34' '4 CrayRs 616 534 CrockN .40 79 25- Mi CrckN 8 18 CrmpK 1.20 13 22 'A CrwnCk 266 45v4 'a CrwZel I 1623 34 'A CrZel pf 4.63 23 47 CrZel pfC4 50 32 56'a Cutxo .60 20 23 'A Cuknet 113 46 CumEn 2 20 56 77 4 Currlnc 1.10a 15 9 CurtW 1 20 3 31 Cyclops 1.10 472 36 2200 73 IN 6I'A. 5Mj 'A 14 Ml 25' Mi 24. CdPac 1 40 10 37 101 6 38 6 977 31 Sales Net Div IHds) Clo Chg. Chelsea .66 142 18 'A Chemed 1.41 70 26' 14 ChNY 2.36 2)9 34'l ChNV pf6 57e 4 524-1 ChNY pf5.99e 100 504 'A Chespk 124 9 334 ChesPn 1.92 306 33' Chevrn 2 40 2847 31 CNWst 54 24 'A ChiMlw 22 186 ChiMI pf 10 68 14 ChiPnT 29 19 'A ChkFul .331 87 8'4 'A ChrisCr 48t SB 334- Chrism 18 94- Vt Chroma 17 10'4 Chrysi- 1 3064 31 Chubb 2.20 434 51'41'4 Church .80 790 29 14 CinBeH 312 17u43 CinGE 2.16 277 14 CinG pf 4 iSOO 28l'4 CinG pf 9.30 1200 611'4 CinG pf 9.52 1220 62 14 CinMK .72 90 20 CirclK .74 95 30 CirCity .08 72 234 'A Circus 36 17'A- 'A Citicrp 2.06 1347 38 '4 Citylnv 2 166 38 Ctyln pf 2 3 59 'A Ctysi pf2.87 82 24 '4 Clabir 19 7 '4 CIsrkE 1.10 253 25'A ClayHm 210 13 ClvOf 1 36 17 ClevEl 2.52 440 19- 'A CIvEl pf 7 40 1)00 54 -l4 CIvEl pf 7.56 1270 544- Clevpk .60 8 12 '4 Clvpk pf 2.23 15 164- '4 Clvpk pf 1.84 3 17 Ckxox 1.20 451 30'4 CkjbM 17 15 CluettP 1 187 27- 'A Cluet pf 1 II 17 'A Coach .40 66 16 'A Coastal 40a 123 27- '4 Cocad 2.76 1076 624 'A Coleco 585 13' 'A Colemn 1.20 66 26'- '4 CokjPel 1.28b 360 244 ColA 1.20 47 314 Mi CoFds 1 .16 202 15 ColPen 140 303 26- '4 Coltlnd 2.50 43 51 '4 CotGas 3.11 92 324 '4 CSO pf 3.45 2 254- '4 CSO pfnl5 25 Combm 201 121 374 CmbEn 1.84 177 30 4 Comdis .20 478 10 '4 ComMtl .36 9 174 Comdre 4677dl64-l CmwE 3 CwE pf 1.42 x2 26-l'A CwE pf 1.90 x9 15 CwE pf 2 x)9 154 CwE pf 8.38 yl00 634l'4 CwE pf 2 37 x6 20 CwE pf 2.87 x6 23' CwE pf 7.24 y2700 54'4 ComES 2.32 25 24- '4 Comsat 1.20 167 26- CPsyc .24 565 26'4l'4 CompSc 88 14- '4 Cptvsn 141 36 Vt ConAg 87 69 26 4 Conair 135 21'4- CormE 1.52 4 17 'A GmNG 2.40 13 24 Mi Conrac .40 249 13 ConsEd 2.12 767 30 '4 Confc pf 5 2u44 'A ConsFd 1.44 291 33 CnsFrt 1 I 614 29'4- Mi CnsNG iyj 1053 40V4 I )2- 'A IMI 15' 4 1 21- Mi i.32 .20 .56 2 AnOay AndrGr Angelic Anheus CapOts .20 74 162 3 CapHM 1 54 245 42'4- Mj CapH pfl080e x65 Caring 48 42 II Carlisle 102 60 34 79lMi 26 20 Ml 221 Carnal 2.40 3288 80'4- 'A BeldnH .40 BeHwl .56 BetHw pf .67 BetAtl 640 BCE 2.21 Bessy) .32 BelSo 2 60 BetoAH .72 BenfCp 2 Bene! pf 430 Bene) pf 4 50 Benef pf 2 50 Bengtb BergEn Berkey CaroFt .36 148 20 CarPw 260 329 25'4 CarP pf 2 67 7 22 '4 x606933Ml'A 7 44'4- 4 144 33M 2 33Mi. 1100 35 'A 170 19 'A 60S iT 21 "i 29 'A 224 21- 74 25.

21 174- Mi M'A It 29U. Mi 16 Mi 34. 6OM1 Mi Car Tec 210 11 39 Carrol .07 156 6 CartHw 1.22 94 23' O-D 34 266 915 721 BestPd BethStl 13Vi- 4'- Mi 11 17'4 'A 41 20 Ml BethSt pf 5 35 BethSt pf250 517 4 104 Ml 7 102 Mi Anheu pf3.60 Anitr .21 Anthm .04 Anthny Apache .21 ApchP wt ApchP un2e ApPw ApPw pf4.ll ApOta 1.121 ApplMg 1 14t ArchOn AriiPS 2.60 ArIP pf 3.56 ArkBst .40 Arkla 1.01 ArlnRt Armada Armco .201 Armc pf 2 10 ArrmR .41 Armwm 1.20 AroCp 1.20 ArowE .20 Arlra .22 Beverly BigThr to BlackO .64 BIckHP 161 CartWI .48 59 27'4 CascNG 1.20 41 15 '4 CastICk 5914 13 l'4 CsttC pf 2 50 530 22 2'4 CatrpT .50 3386 30l Ceco .76 1 20'i- Mi Celanse 4 40 II 79lMi Celan pf 4.50 1 38 Cengy n.Ole 10 8'A 'A Centel 2.38 180 37 Centex 161 23 CenSoW 1.90 227 22'4 Mj CenHud 2.84 62 o25 CemtU 2.14 202 23'A- '4 CnWS 1.60 111 I7'4 CnLaEI 1.96 115 22 'A 767 217 16 26 1914 4 761 504- 693 5 Mi 2 25- Mi 20 24'A- Mi 2 20- 'A jumped 18 In 1984 to $179 million, the company reported. For its plants in Batavia and Sharonvllle, the company payed $5.4 million in taxes. Ford also bought $13 million in goods from local suppliers.

Schiebel Named Chairman David J. Schiebel has been named chairman of the board and chief executive officer in the reorganization and merger of Home State Savings Bank and its parent Warner National Corp. Schiebel, 55, was president, director and CEO of Warner and executive vice president and director of Home State Savings. Home State Savings has offices in Cincinnati, Middletown, Dayton and Columbus. New Fifth Third Offices Set Fifth Third Bank has opened its Symmes Banking Center located at 8881 Governors Hill Drive.

Fifth Third also has broken ground for a banking center at 4310 Hunt Road, Blue Ash. The office is expected to open in April. Formica Employees Share The third annual Sharing Day, sponsored by the 900 employees at the Formica Corp. plant at 10155 Reading Road, Evendale, raised $600 for the Neediest Kids of All, collected 500 toys for the Marine Corps' Toys for Tots program and filled AKsC pf Marc E. Brown, president of The Small Business Advocacy a Fairfield, Ohio, venture-capital financing and financial consulting firm, announced that the Brown Group of Companies has acquired a majority interest in Elite Industries a Middletown-based manufacturer of Ice cream and confections.

In addition to the manufacturing facility in Middletown, Elite has three company-owned retail stores in Trenton and Middletown, and provides products to three Independently owned franchises in Cincinnati, Oxford and Fairfield. The firm anticipates the addition of 10 new franchises in the Dayton-Cincinnati area during the next 12 months. Market Up In Slow Trading The stock market chalked up a broad train in quiet pre-hollday trading Monday, responding to the latest reduction in the Federal Reserve's rits count rate on Friday. Dow Jones industrials clort at 1210.14, up 11.16. Advances were better two-to-one ahead of declines.

Volume, however was extremely slow with only 56,147.000 share, traded. It was the weakest performance slncp rw 8 when 46,360,000 shares crossed. Market said most traders were home celebrating thAhlfii days. The markets are closed today. ou" -THE CINCINNATI ENOUIPpd and ENQUIRER NEWS SERVICES II 1 BlairJn .56 BIckHR 2.40 DamonC .20 88 U'A DanaCp 1.28 187 26' Danahr 271 7'i 4 Daniel 91 I0'4 DartKr 4.24 364 84 DataGn 961 59' 1 Datpnt 1307 194- 4 DtaDsg .20 160 8 Dayco .24 295 15- '4 DaytHd .74 1480 33 DaytPL 2 266 15 '4 DeanF .41 67 27 4 Deere I 2099 311'4 DeknP 1.92 166 21 'A DettaAr .60 1007 42''.

Deltona 50 5 DtxChk 1.76 113 57 DenMf 24 224- 4 Oenriys .721 I787u42'4 9 1472 II 1.14 1.20 .20 1.10 25 6 ALLTL AlphPr Alcoa A man AmHei AmAgr Boeing 1.40 BoiseC 1.90 BoiseC pf 5 18- .10 X286 31Mi Ml 176 21 294 23 'A 65 27- Mi 453 17 'A 168 43 1193 561Mi 1547 40Mi 66 52 29 20)4 12 63'4 Mi 315 20 52 5- Mi 361 34- Mi zlOO 71M, 12 IOM1 Mi 2 ll Mi 519 20 A 27 28'- 'A BoltBer 2.72 Borden CeMPw 1.40 342 94 'A .92 BorgWa 36' 15 M)i 24'A Vii 2 Vl 17'A i 63 'A 63 Mi 22l' 20 49- Ml 23 Bormns 3.24 BosEd CnSoya 129 16- '4 CVtPS 1.90 15 17 '4 CentrOt 121 10 Mi GltryTI .71 67 9 Cenvi 2.60 33 21'4 BosE pf 1 88 BosE pr 1,17 BosE pr 146 Bowtr 36e Crt teed .60 72 214 ilsM 1 ij CO i 3 43- 4 326 33'A 'A 17 27M. 69 154 40 164 2M 16 24'- I 36 76 51- 5 19Mi 42 24- Ml 3054 43 I2O0 35 230 22'- 170 384 977 41 13 97'4 15 29 Mi 5 114 661 34 Mi BrigSt 1.60 36 ABakr ABrand 3.7S ABdcsl 1.60 ABMM .84 ABusPr .56 AmCan 2 90 ACan pf I ACan pf 3 ACapSd 2.20 ACapCv 656e ACentC ACvan 190 ADT .92 ABPw 2.26a AmExp 1.21 AFanw .646 AGnCp 90 Arvki Asarco AsMC 160 AshK) pf3.96 AsdDG 2.60 Athlone 1.60 AtCyB 2.41 AtRictl 3 AtfRc pf 375 Augat .32 AutoOt ,42 AvcoCp 1.20 Avco pf 3.20 Avery .60 26. BristM 1.60 2446u52Mil BrstM pf 2 1 108. CessAir 40 53 194- 'A Chmpm .40 3051 21V1 Chml pt 1.70 6 23 Chml pf 4.60 119 50l ChamSp 40 261 1'4 vprtC 50j 469 IMj- '4 17 27 165 BrltLnd DeSotO 1.40 1 32'4- '4 DetEd 1.61 489 15'4- '4 DetE pf 32 1)30 654 DetE pf 768 1)00 544- Vi DE ptF 2.75 1 23 DE prR 3.24 1 23 'A DE pfO 3.13 11 22 DE pfP 3 12 3 224 DE pfB 275 2 224 DE PfO 3 40 13 24 (Continued on Page C-2) 20 3 Mi 20 22 Mi 685 m- Ml 429 3 25 17 Mi 144u35 'A 5 22 'A 1 31 150 21'A Mi 3153 21 2197 37 239 23 Mi 141 25- 1 71 BritPI l.76e BritT pp Brock OH Brckwy 1.32 BkyUG 112 BkUG pf24' BkUG of vjCM wt 127 9-32 viCnrt pf.Kj 167 I Chase 365 478 47 Chase pf 5 25 14 40- 'A Chase pt6 20e 1 S2'- '4 Aviai AGri pfB595e Avnet 50.