The Tennessean from Nashville, Tennessee • Page 60

65: THETENNESSEAN, Thurwley, Jonuory 14, 1982 odifies Firm pe L3 Ir ice clothes of the Red KaD Industries division succeeding Paul; Fitzner, who retired. Tim Ritchie of Gallatin has been named district manager for Atlantic Ruildinff Svstems. human resources of Gulf Western Natural Resources Group, will be promoted to vice president of human resources and labor relations, J. E. Poole, president, announced.

At the same time, Carl G. Reed, manager of labor relations, will be advanced to director of labor relations. Henning-sen joined the group in 1975 and Reed in 1968. shift in the company's debt equity ratio and, as an exchange of securities for securities, the transaction is tax-free to the issuing company, it was said. Bradford spokesmen said the sale reflects both the investors' and Bradford's confidence in the long-term potential of First American and Tennessee's economy.

Bradford is said to be the first regional firm in the United States to execute this type of transaction. Business Notes Earl Dunn Pontiac, Inc. of Madison, has won the Five Star representing the company in Tennessee, Kentucky, Northern Mississippi and Southern Ala-, bama. Kent Lopez, a native of Nash- ville and former employee of McKee Baking has been mnniffltinns for the Tennessee L. S.

(Steve) Leonard, who joined Blue Bell, Inc. in 1953, has been appointed sales manager law firm and the other two to be leased to others. SMITH, WHO researched the building, said one Temple 0. Harris Jr. got possession of it in 1885 as part of a divorce settlement and many owners followed.

It is said to be the first building acquired in that area by an attorney and another attorney -group is said to be negotiating on the adjoining building that was formerly used for classes by the University of Tennessee. British Investors Buy Stock of 1st American J. C. Bradford Co. announced yesterday the sale of 226,000 new shares of First American Corp.

common stock to British institutional investors stock that Bradford had received from First American in a debtequity swap transaction. A debtequity swap is a relativity new type of transaction in which an investment banker purchases a company's debentures on the open market and exchanges them for newly issued shares of the company's stock, it was explained. THE RESULT is a favorable Valley Public Power Association, f-Chattanooga. (Continued From Page 61) Corporation's approximately 150 tractors, trailers and other equipment items will be sold, along with the Lebanon terminal. The company leased terminals in Nashville, Atlanta, Louisville and Memphis, he added.

HAYES, WHO said the company lost $421,000 in fiscal 1981, blamed the failure on deregulation and the economy. At the same time, he revealed that the Teamsters Union has recently filed lawsuits in federal courts in Memphis and Atlanta, seeking back wages, despite what he said was an agreement by the union to twice reduce wages, the last time to $8 per hour last April. Luther Watson, a leader of Teamsters Local No. 480, could not be reached for comment yes-, terday. ALTHOUGH THE company grossed $6 million in fiscal 1980 and $4 million last year, it could not survive $75,000 tractor-trailer costs, 18 to 22 interest rates and the unbridled competition unleashed by deregulation, Hayes said.

"Deregulation, which opened all routes to all truckers, was a bad piece of legislation," Hayes said. 'I really think it was more a vendetta on the part of Sen. Ted Kennedy, who introduced it, than anything else," he added. THE SAGGING economy played a part in the closing, too, he said. Last week, Nashville-headquartered Tennessee-Carolina Transportation, Tennessee's second largest trucking firm, closed for most of the same reasons that are affecting the trucking industry, Its management said in predicting the upcoming failure of more companies.

Historic Building Acquired By Attorney The three-story 808 Broadway building, used as a branch by First American Bank from 1927 to 1973, was purchased yesterday from Albert Maloney by Othal Smith attorney, through Charles Robin of Robin Realty. The building which sold for about $140,000, will be fully remodeled by Houston Sarratt Builders, with one floor to be occupied by Smith's for "Big Ben" brand work This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer is made only by the Prospectus. 5)11, Service Excellence Award and been named champion of the Atlanta zone of the Pontiac Division of General Motors to represent the zone at the National Service Excellence business meeting Jan. 28 in Palm Springs, Calif.

The award is for exellence of service and customer satisfaction, according to W.L Sparks, zone manager-service. Southern Hospitality headed by R. Wayne Oldham, announced yesterday the opening of the 20th Wendy's restaurant in the corporation's Middle Tennessee franchise. The restaurant is at 551 Donel-son Pike and is managed by Boyd Hall. jvJU iv KP Fulton Partner in 1 of 5 Firms ivi to e--L! U- naowrursumg i ru 1 ibe re peopie in the News would be reached, causing "sev- Effective Feb.

1, Robert C. eral" applicants to withdraw. Henningsen, vice president- By FRANK GIBSON Gannett News Service WASHINGTON The field of applicants for Nashville's one remaining television frequency has narrowed from 13 to five, includ WHY PAY MORE? i office zwm GET QUALITY PLAIN-PAPER COPIES! 2495 FCC FILES indicate that at least two of the remaining applicants for the license have substantial local ownership. The applicants include: Television Corporation of Tennessee, headquartered in Norfolk, Va. In addition to several out-of-state investors, principals of TCT include Fulton, State Rep.

James R. McKinney, Middle Tennessee businessmen Amon Carter Evans, James B. Ragan, Jr. and Richard Lewis, and Nashville lawyers George Barrett and William R. Willis.

Music City Thirty 86 of which is owned by Nashvilli-ans, including several persons affiliated with the United Methodist Church. Satellite Broadcasting Systems, based in Tulsa. Nash Broadcasting, Inc. of Miami Beach. Page Broadcasting Corp.

of Washington, D.C. An FCC spokesman said a hearing on the remaining five applications is now scheduled for June 8. A hearing had been scheduled for today but was apparently postponed because of the latest development. The first indication that negotiations were under way to reduce the number of applications came in September when Knox-ville attorney Robert S. Stone, who represents Music City Thirty asked that FCC proceedings be delayed for up to 90 days.

Stone noted that Music City Thirty officials had "contacted each of the other 12 applicants" and was "coijident" a settlement i Large enough for small office volume, and small enough to be used as a quality convenience copier in a large office. Includes letter and legal size paper trays. See it today. Touch-Sensitive Controls with Interrupt and Repeat 8 Copies per Minute Dry Toner SALES LEASING SERVICE TRAINING ASSOCIATES FIRST CAPITAL CORPORATION INVESTMENT NOTES COMPUTER CENTER A DIVISION OF TANOY CORPORA! ION 2115 Franklin Pike Rivergate Plaza (615)298-5484 (615)859-3414 9 a.m.-7 p.m., Sat. 9 a.m.-6 p.m.

1 ANNUAL EFFECTIVE ANNUAL INTEREST RATE INTEREST RATE Interest Paid Quarterly Interest Compounded ($1000 min i or Monthly Quarterly and Paid Maturities ($5000 min.) at Maturity ($1000 min.) lYear 14.75 15.59 2 Years 15.00 15.86 3 Years 15.00 15.86 4 Years 16.00 16.99 5 Years 16.00 16.99 ing one in which Metro Mayor Richard Fulton is a partner, it was learned yesterday. Washington attorney John R. Wilmer, who represents California-based American Television and Communications said his client is among eight applicants withdrawing applications to own and operate Channel 30 in Nashville. ATC is owned by Time, Inc. of New York.

WILMER SAID A Federal Communications Commission administrative law judge still must approve an agreement to dismiss the applications which have been pending before the FCC for more than two years. Terms of the recently negotiated agreement between the applicants call for the expenses incurred by the eight withdrawing companies to be paid by three of the remaining concerns, he said. "The companies decided that the chances of winning the license weren't good and some decided to make business judgments in other directions," Wilmer said. "We will be reimbursed our expenses as approved by the commission. In addition to ATC, other companies which plan to withdraw include Golden West Broadcasting of Los Angeles, controlled by western singing star Gene Autry, and Carolina Christian Broadcasting a Greenville, S.C., company which had planned to feature religious and family-oriented programing.

NCCJ To Present xCood Neighbor' Awards Feb. 18 By A. REED Tennesseao Religion News Editor The National Conference of Christians and Jews, in conjunction with the mayor's office, will present "Good Neighbor of the Year" awards during Brotherhood Week, Nancy Bennett, NCCJ director, said yesterday. The awards, which will be presented Feb. 18, will be based on selections from several areas, including the general community, clergy, police officers and the media.

I "INDIVIDUALS or groups may nominate anyone whom they think exhibits in their lives and voluntary actions a commitment to the cause of human understanding and community ser-yice," Bennett said. Persons may nominate individuals in any category, she said. Nominations are to be in the form of a letter that describes the activity of the nominee and States why he or she should be selected. Names and addresses of two other references should be included in case further information is needed, she said. Nominations should be received by Feb.

5 at the National Conference of Christians and Jews office, Suite 332, 100 Oaks Office Building, 37204. A selection committee will be convened to" join Bennett in reviewing nominees. Commerce Union Bank will act as host for the awards luncheon Feb. 18. MANAGEMENT DEVELOPMENT PROGRAMS COLLEGE OF BUSINESS ADMINISTRATION UNIVERSITY OF TENNESSEEKNOXVILLE 1982 WINTER-SPRING SEMINARS for Business and Industry IN NASHVILLE Minimum Investment of only $1,000 No commissions or other charges Associates Investment Notes are senior debt issued on behalf of Associates First Capital Corporation.

They constitute both new financing and refunding and are sold at par value. Available to residents of Alabama, Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Nebraska, Ohio, Oklahoma, DATE TITLE INSTRUCTOR Jan. 26-27 Managing the Closely Held Company BakerSusbauer Feb. 1-2 Construction Claims: How to Manage Contract Changes Profitably William Loew Feb. 4-5 Essentials of Purchasing For The New Buyer Richard Newman Feb.

4-5 How to Design and Implement the Annual Marketing Plan Martin Bell Feb. 17-19 Project Management James Bradford March 1 1-12 Managerial Skills for Executive Secretaries and Administrative Assistants Jalne Carter March 29-30 How to Organize and Manage a Preventive Maintenance Program William Kallmyer March 29-30 How to Delegate Effectively Donald Huffmire March 30-31 Woman Manager In a Rapidly Changing Environment Pamela Cole April 1-2 Fundamentals of Data Processing For Administrative Assistants and Office Support Staff Walter Bihler May 10-11 Finance and Accounting For Non-Financial Executives Dale Keiffer May 13-14 Job of the Controller Edwin Sheren May 24-25 How to Buy and Sell A Business Profitably F.G. Douglas June 7-8 Fundamentals of Data Processing for Non-DP Execs. Harvey Weiss June 10-11 Supervisory Management For First Line Supervisors Kyle Reed June 24-25 Planning and Managing Warehouse Operations Rick Barnbill June 28-30 Structured Testing LenKreuter July2Ml The Institute For Productivity Through Quality Institute Faculty Aug.9-14 CALL TOLL-FREE 1-800-527-9840 Or return the reply coupon below. ABSOLUTELY NO OBLIGATION! AFC SECURITIES.

ISC i 250 Carpenter Freeway tt'i i all Til- P.O. Box 220047 Dallas. TX 75222 Please send me complete information on Associates Investment Notes including a current prospectus. No Agent will contact me. Name Address City State, Other management seminars In accounting, finance, computer science, distribution, marketing, sales, production, personnel and quality control have also been scheduled.

For further information write Management Development Programs, University of Tennessee, Knoxvllle, Tennessee 37996-0570 or call (615) 974-5001. 1 3 "1 NJj20.