The Galveston Daily News from Galveston, Texas • Page 16

MoneyMatters STOCK LISTINGS, BUSINESS AND FINANCIAL NEWS Sunday Morning, May 31,1987 Satlg euiB 1-B Three Galveston firms listed in Top 400 By BETSY WEBBER A ews Editor GALVESTON It's good to know that despite the sad state of the Texas economy, some businesses are prospering. Among them are three Galveston firms listed in the top 400 publicly held corporations in Texas in the 10th annual ranking published in Texas Business June edition. Not surprising is American National Insurance Co. in 47th place this year, 55th place last year, just after the Houston-Galveston firm of Mitchell Energy Development Co. ANICO is shown to have had a stock price range of SOVSl'a in 1986; revenue of net income of $248.351,000 (seventh in Texas): assets of 83,875,129,000 (22nd in Texas): stockholders' equity of 51,403.267,000 (14th in Texas): 5.322 employees (53rd in Texas); net income of 29.98 percent of revenue and 17.7 percent of stockholders' equity; and earnings of S2.99 per share in 1986 and S3.13 per share in 1985.

American Indemnity Financial, an insurance holding company here, was listed 157th on the list this year and 173rd last year. The company's stock price range was 24 1s -16 3 its revenues S98.003.000: net income. Si. 118.000 1178th in Texas assets, S147.512.000 U40th in Texas); stockholders' equity S39.202.000 (174th in Texas 427 employees 193rd in Texas): net income of 1.14 percent of revenue and 2.85 percent of stockholders' equity: and earnings of 58 cents per share in 1986 and 12 cents per share in 1985. The third Galveston firm to make the list is Seal Fleet, offshore supply vessels, in 352nd place this year and 332nd last year with a stock price range of revenue of S4.777.000; net income loss of S3.472.000 in Texas); assets of $20,020,000 (293rd in Texas); stockholders' equity of $2,635,000 (337th in Texas); 95 employees (287th in Texas); earnings loss of $1.42 per share in 1986 and 58 cents per share in 1985.

Mitchell Energy and Development, 46th on the list this year and 51st last year, had a stock price range of revenues of net income of $48,233,000 (30th in Texas); assets of $2,120,875,000 (39th in Texas); stockholders' equity of $575,756,000 (39th in Texas); 2,300 employees. (90th in Texas); net income of 5.72 percent of revenues and 8.38 percent of shareholders equity; and earnings of $1.01 per share in 1986 and 74 cents per share in 1985. Enron of Houston, formerly was in third place on the list with a stock price range of 50 5 3 revenues of net income of $57,663,000 (25th in Texas); assets of $8,489,632,000 tilth in Texas); Staff photo by Betsy Webber Economic Development Peter Brink accepts the annual Developer of the Year Award from Gene Curry, vice chairman of the business development division of the Galveston Chamber of Commerce, at the annual awards luncheon Friday at the San Luis Hotel. Brink was cited for his efforts to promote Galveston through the Galveston Historical Foundation. Staff photo by Betsy Webber Christ! Mitchell Award H.L.

"Shrub" Kempner Jr. accepts the 1987 Christie Mitchell Beachcomber Award from Dancie Ware, representing George Mitchell, founder of the award, at the annual Galveston Chamber of Commerce Awards Luncheon Friday at the San Luis Hotel. Th award goes to an individual who promotes the island and supports individuals and organizations in need. Kempner was cited for his special interest in the well being of Galveston and its residents. $1.208,652,000 in stockholders' equity (21st in Texas); 7,200 employees (40th in Texas); net income of .76 percent of revenue and 4.77 percent of stockholders' equity; and earnings of 21 cents per share in 1986 and a loss of S2.33pershareinl985.

Ranking first in assets at $22.899,000,000 and in stockholders' equity of $4.477.000.000 was American General of Houston. The company was in second place in net income at $537.600,000. It has 17.000 employees (14th in Texas). Texas Utilities in Dallas was first in net income with $626,851,000: it was second in stockholders' equity with; $4.461,228,000. The company has 54,300 employees, fifth in Texas.

Texas Instruments of Dallas, an electronics manufacturing company, was second in number of employees, 77,270. Corporations on the list included a range of energy products and services. convenience stores, steel, insurance, air transportation, electronics, personal care products, utilities, oil field products and servicing, food distribution, banking, commercial airlanes (Continental Airlines of Houston was ranked 25th on the list), construction, paper, waste services (Browning-Ferris Industries of Houston at 37th on the list), jewelry, retail grocery, defense electronics. cement, metals, sporting goods (Oshman's of Houston), funeral services, power systems, gaming and hotels (Pratt Hotel of Dallas 104th on the list: carpet and floor products, restaurants (El Chico of Dallas), computerized tax processing, microcumputer retailers, motor carrier, roofing and industrial products, geophysical services, recycling scrap steel, mortgage banking, real estate, architectural and engineering design servicing, quarrying, seismic contracting and many others. Jobless rate in Galveston County declines By BETSY WEBBER Business Editor GALVESTON Layoffs and a strike at Todd Shipyards Galveston Division apparently had little effect on the jobless rate for the city and county as the decline begun in March at 10.3 percent, down from February's 11.3 percent, continued to 10 percent for the county and 9.5 percent for the city.

The city's unemployment rate for March was 9.7 percent, down from February's 10.7 percent. In Texas City the jobless rate moved uawn to 13.5 percent from the March rate of 13.7 percent, down from February's 15.1 percent. At the end of April it appeared the improvement in the jobless rate was the result of a decline in the labor force as workers left the area to find jobs elsewhere. Martin, manager of the Galveston office of the Texas Employment Commission, said pre-summer hiring for resorts has pi-obuuly pushed the jobless rate down on the island for April. Although any decline in the jobless rate is welcome, figures show that only six more people were employed in Texas City and in Galveston each in April than in March.

The labor force in Galveston County numbered 106.500 in April and in March; 95.800 workers were employed in April and 93,600 in March; 10.700 workers were unemployed in April and the same number in March. In Galveston 33.707 workers made up the labor force in April and 33.014 in March; 30.506 people were employed in April and 29.807 in March: the number of unemployed workers was 3.201 in April just six less than the 3.2Q7 in March. The Texas City labor force numbered 22.862 in April and 22.415 in March: 19.787 people had jobs in April and 19,334 in March: the number of unemployed was 3,075 in April, just six fewer than the3.081 in March. Statewide the jobless rate was 8.3 percent in March while the nation's unemployment rate stood at 6.2 percent. Texas' unemployment rates for April through the years have risen steadily from 5.4 in 1980 to 5.7 in 1981: in 1982; 10.5 in 1983: 9.0 in 1984and '85: and 10.1 in 1986.

TVie Texas Labor Market Review, published about a month late, shows that unemployment in Texas dropped substantially between February and March, a full percentage point. The number of jobless Texans decreased by 90,200 over the month to 668,400. the lowest point since April 1986 when the rate was also 8.2 percent. Although total employment was down 29.300 in March to 7.438,400, it was still 90,700 above the year- ago level. BUSINESS NOTES GALVESTON Jill Pinsker.

owner and director of Studio i. 2401 Winnie, has recently become a professional member of the U.S. Gymnastics Federation. Studio i athletes will compete in the federation's sanctioned meets beginning in September. Future athlete members are Jenny Maisel.

Felicity Sargent. Alex Hosch. Erin Kearney, Ruth Wilson. Dana Biggers. Cassie Raftis.

Libbie Bessman. Angela Myers and Mary Finkbiner. Studio i will sponsor an intensive gymnastics workshop during the summer to include four hours of gymnastics instruction under the direction of Carrie Williams, former NCAA gymnast. Call 763-8620 for more information. TEXAS CITY Dr.

Thomas S. Mackey was elected first vice president of the American Tin Trade Association at the annual meeting in New York recently. An attorney, a registered engineer and president of Key Metals and Minerals Engineering Mackey is chairman of the Metallurgical Society's Lead Zinc Tin Committee and 1990 chairman of a world symposium on these metals. He was world symposium chairman in 1980. Mackey has been accepted by the National Defense University at Norfolk, from the membership of the National Defense Executive Reservists.

He is a candidate for the graduate L.L.M. degree from the University of Houston with a major in international law. He is an adviser to major international firms in Indonesia, Singapore, Japan and China and is president of Neomet Corp. in West Pittsburg, a major producer of neodymium iron alloys for production of permanent magnets. Neomet is a joint venture between Mitsubishi Metal Corp.

and Remacor. Mackey is director of Siltec Texas-New Mexico Power U.S. National Bank and other firms and is president of the Galveston County Water Authority. He holds various degrees, including a Ph.D. from Rice University, doctor of jurisprudence from South Texas School of Law, M.S.

in engineering from Columbia University, Mackey B.S. from Manhattan College and has attended and lectured at universities in China. Indonesia, Bolivia. Malaysia andotherplaces. He and his wife.

Catherine, and seven children live in Texas City. He is a minister and lector at St. Mary's Catholic Church. WASHINGTON. D.C.

Southern Pacific Transportation Co. has won the gold medal E.H. Harriman Memorial Award for employee safety in 1986. the most prestigious safety award in the railroad industry. William J.

Lacy. SP's vice president-operations, accepted the award from U.S. Secretary of Transportation Elizabeth Dole during a ceremony here recently. The award culminates a major effort by Southern Pacific to improve its safety record. It finished tenth in 1984 and fourth in 1985 and was in first place in 1986.

The award is based on the lowest casualty rate per 200,000 employee hours worked, a formula which takes into account the volume of work performed and the number of fatalities, injuries and occupational illnesses reported to the Federal Railroad Administration. In competition with railroads whose employees worked a minimum of 15 million employee hours, Southern Pacific had a casualty rate of 3.84 percent. GALVESTON "Hispanic Dropouts: America's Time Bomb." a 30-minute video documentary produced by Southwestern Bell Telephone, is now available in Spanish. The videotape, narrated by Edward James Olmos of "Miami Vice," was released in English in 1986. The program focuses on the alarming dropout rate among Hispanic students through interviews with Hispanic community leaders, educators and students.

Requests for a starter package in English and Spanish for $12 may be made by writing "Hispanic Dropouts: America's Time Bomb," Southwestern Bell Telephone, 2850 S. Jefferson, St. Louis, Mo. 63118. The package includes the video tape, one parents' guide and one leader's guide.

Each additional tape ordered is S6 and each additional parents' guide is $1.35. Make checks or money orders to Southwestern Bell Telephone Co. Knecht LEAGUE CITY Dr. John Knecht and Dr. Jack Fleetwood.

foot specialists, have opened a new office here for their Associated Podiatrists health care practice and offer a high-tech surgery- through the addition of a C02 laser scalpel. The new office at 614 W. Main, Suite D-101 is the fourth location: others are in Texas City. Galveston and Dickinson. The laser.

Fleetwood said, offers faster.more advanced surgical techniques that benefit patients in many ways, including less pain, trauma, bleeding, swelling and scarring. It allows the podiatrist to "-ork with precision, removing tissue without damaging surrounding healthy tissue. It creates a sterile environment reducing chances of post-operative infection and is cost effective because it surgical time valescence. Laser surgery is available in all four offices. Knecht and Fleetwood have been in private practice in Galveston County since 1973.

They are both certified by the Board of Podiatric Surgery; Knecht is also certified by the American Board of Podiatric Orthopedics. Both hold memberships in the American College of Foot Surgeons and the American and Texas Podiatric Medical Associations. Knecht is on the staff of Danforth Hospital in Texas City, Westbury Hospital in Houston. Humana Clear Lake Hospital in Webster, St. Mary's Hospital in Galveston and Eastway Hospital in Houston.

Fleetwood is on the staff of Danforth and Mainland Center Hospitals, Sunbelt East Hospital and Mediplex Surgery Center in Houston and Surgi-Medical Inc. Surgery Center in Dickinson. They are involved in residency training and are working in the 4 C's Clinic in which Fleetwood founded the specialized podiatric clinic. Knecht has been associated with UTMB for several years. GALVESTON Louise "LuLu" Benavidez, vice president of LuLu's Hair Co.

has returned from a three-day educational program at the Caribe Hilton International in San Juan. Puerto Rico. With five other members of Zoto's Master Design Team, she helped launch Zoto's Bain De Terre product line into the Caribbean region. This is the 69th country in which Zoto's products have been marketed. Benavides shortens and con- Fleetwood GALVESTON City Manager Doug Matthews will speak on hurricane preparedness and other city issues at the 7:30 a.m.

Wednesday Galveston Board of Realtors breakfast at Bob Smith Yacht Club. GALVESTON Gregory R. Rankin has been promoted to operations officer at Moody National Bank, "Tom Mayfield. president and chief executive officer, announces. Rankin is branch manager of Moody National Bank West at 69th and Stewart Road.

He has been with the bank since 1986 and is a graduate of Southwest Texas State University with a B.B.A. in finance. He is an active member of the Galveston Island Rotary Club and lives in Galveston. SAN FRANCISCO, Calif. Ralph W.

Noble III, M.D., a fellou; of the American Academy of Pediatrics from Galveston, attended the academy's spring meeting here May 9-14. More than 2,000 pediatricians and other health professionals attended the meeting at the San Francisco Civic Center. Rankin.