The Advocate-Messenger from Danville, Kentucky • 5

THE ADVOCATE MESSENGER Danville Kentucky Tuesday March 13 1984 5 Business Money back "lu 11 I WWI aSp General Motors Chairman Roger Smith right looks over some draw ings with electrical designer Richard Edward after Smith personally delivered some of the first checks of the new profit sharing program at the No 1 US automaker Monday morning Edward's check amounted to $43167 after taxes Markets NY Stock Exchange NEW YORK (AP' stocks: High Low Last AMR Corp 32 32 32' AbbtLabs 424 414 42 Allis Chaim 12 12 12' Alcoa 404 40 404 Am Baker 164 164 164 Am Bra nds 55 4 55 554 Amer Can 474 464 474 Am Cyan 484 48 484 Amamily 17 17 17 Ameritech 674 674 674 Am Motors 54 54 54 AmStand 28 4 28 4 28 4 Amer T4T 174 174 174 Beat ood 33 32 4 32 4 BellAtlan 714 71 714 BellSouth 944 944 944 Beth Steel 26 254 26 Boeing 404 404 404 Borden 55 544 44 Burlngt Ind 294 294 294 CSX Cp 224 214 22 CaroPwLt 21 4 214 214 Celanese 694 694 694 Cent Soya 154 15 154 Champ Int 24 234 234 Chrysler 28 274 274 CocaCola 534 534 534 Colg Palm 234 234 234 Comw Edis 234 234 234 ConAgra 324 324 324 Conti Group 494 494 494 Crown Zell 34 4 34 4 34 DeltaAirl 36 354 354 DowChem 294 294 294 duPont 474 474 474 Duke Pow 234 224 234 EastnAirL 64 64 64 East Kodak 674 664 67'a EatonCp 46 4 45:4 46 Esmark 414 41 41 Exxon 394 394 394 irestone 17 164 164 laPowLt 364 364 364 laProgress 194 194 194 ordMot 384 384 384 uqua 264 264 264 GTE Corp 374 374 374 GnDynam 45 4 44 4 45 4 GenlElect 514 514 514 Gen ood 48 47 4 47 4 Gen Mills 474 474 474 Gen Motors 68 674 674 Gen Tire 324 324 324 GenuParts 384 384 384 GaPacif 224 224 224 Goodrich 314 314 31 Goodyear 264 264 264 Grace Co 414 404 41 GtNorNek 384 384 384 Greyhound 23 234 23 GulfCorp 644 65 Herculeslnc 314 314 314 Honeywell 544 534 544 HosptCp 38 4 38 38 ITT Corp 404 404 404 Ing Rand 494 49 494 IBM 111 1104 1104 Inti Harv 94 94 9'4 Int Paper 564 564 IntRectif 164 164 164 Kmart 314 314 314 KaisrAlum 18 18 18 KanebSvc 144 144 144 KrogerCo 314 314 31'4 Lockhed 324 32 4 324 Loews Corp 1964 196 1964 Masonite 294 294 294 McDermlnt 284 284 284 McKesson 35 35 35 Mead Corp 354 35 4 354 MinnMM 76 754 754 Mobl 30 8 Monsanto 894 894 894 NCNB Cp 244 244 244 NabiscoBrd 414 414 4p4 Nat Distill 274 264 27 NorflkSou 564 554 564 NYNEX 614 614 OlinCp 27 264 27 OwensIU 36 36 36 PacifTel 56 554 56 Penney JC 534 53 534 PepsiCo 374 37 374 Phelps Dod 27" 274 274 PhilipMorr 664 664 664 PhillpsPet 39 384 38 Polaroid 284 274 284 ProctGamb 8 46 Quaker Oat 604 60 604 RCA 30 29 29 RalstnPur 26 26 26 RepubAir 4 4 44 Republic Sil 22 22 22 Revlon 29 29 29 Reynldlnd 56 55 55 Rockwl 26 26 26 RoyCrown 36 36 3WS StRegisCp 37 36 36 Scott Paper 284 28 28 SealdPwr 254 254 25 SearsRoeb 34 34 34 Shaklee 16 16 16 Skyline Cp 13 13 13 Sony Corp 16 164 16 Southern Co 15 15 15 SwstBell 59 59 595 Sperry Cp 40" 40 40 StdOilCal 34 345 341 StdOillnd 54' 53 53 StdOilOh 47 46 46 Stevens JP 21 21 21 TRW Inc 644 64 64 Texaco Inc 38 38 38 TexEastn 62 62 62 UMC Ind 15 14 14? Un Camp 75' 74 74 Un Carbide 55 55 55 Uniroyal 14 13 13 US Steel 29 29 29 USWest 594 58 59 Unocal 33 33 33 Wachov Cp 427k 427x 427h WalMart 344 344 WestPtPep 43 43 Westgh El 46'k Weyerhsr 30 7 31'4 WinnDix 30li Woolworth 33' 4 33 33 'h Wrigley 457h 45'j 457k Xerox Cp 40 404 Grain futures CHICAGO AP) utures trading on the Chicago Board of Trade Monday: Prev sales 10844 Open High Low Settle Chg WHEAT 5600 bu minimum: dollars per bushel Mar 353 355 350 3 50' 04 May 3 52 354 349 349' 05' Jul 3 43 345" 341 3 42 03 Sep 3 47' 3494 3 45 3 45 03 Dec 3 61 3 64 3 60 3 61 Mar 369'2 373 3 69 3 70 Prev day's open int 56086 up 581 CORN 5000 bu minimum dollars per bushelMar 3 43 3 45 342'2 342" 01 1 May 3 44 345 342 343 01' Jul 340" 342 339 3 40 01 Sep 310 313 3 10' 312' 00' Dec 291 294" 291 2 93" 01' Mar 300 303 300 3 03 01' May 3 06 306 305" 306 01' Prev sales 50217 Prev day's open int 195432 up 3573 Prev sales 706 OATS 5000 bu minimum dollars per bushel Mar 179'2 181 179 1 79 01 May 177 178 1 77 1 77 01 Jul 176 177 176 1 76 01 Sep 175 175" 174" 1 74" 01' Dec 179" 179" 178" 179 01 Prev day's open int 4406 off 122 SOYBEANS 5000 bu minimum dollars per bushel Mar 776 783 7 73 774 09 May 7 92 799 788 789 07 Jul 802 808 7 99 799 Aug 792 797 789 7 90 07' Sep 758 763 7 55 7 55" 04' Nov 734 736 730 730 07 Jan 745 7 48 7 42 7 42 06 Mar 757 759 754 755 06 May 769 769 764 764 05' Prev sales 61450 Prev day's open int 112804 up '406 SOYBEAN OIL 60000 lbs dollars per 100 lbs Mar 2905 2965 2900 2935 May 2940 2997 2930 2958 07 Jul 2945 2990 2925 2946 14 Aug 2850 2885 2830 2835 32 Sep 2735 2765 2725 2730 18 Oct 2615 2615 2580 2595 30 Dec 2555 2570 2525 2535 30 Jan 2550 2555 2525 2525 30 Mar 2547 2547 2547 2547 18 Prev sales 17927 Prev day's open int 54095 up 1857 SOYBEAN MEAL 100 tons dollars per ton Mar 20100 20200 20020 20070 150 May 20600 20760 20520 20590 180 Jul 21050 21150 20950 20980 Aug 21050 21150 20950 21050 210 Sep 20700 20800 20550 20550 250 Livestock prices LOUISVILLE Ky (AP) (USDA) Estimated receipts cattle and calves 2300 slaughter steers 50 higher slaughter heifers 50 lower most decline on low choice and mixed good and choice cows 100 lower slaughter bulls steady calves and vealers steady feeders 100 higher Slaughter steers: high choice and prime 975 1145 lb 7030 7090 choice 2 4 940 1275 lb 6800 7000 good and choice 2 3 845 1265 lb 6450 6750 few good 985 1150 lb 6200 6450 choice 2 3 1293 1500 lb holsteins 6130 6370 good and choice mostly 2 850 1075 lb 5760 5970 Slaughter heifers: choice 24 845 1145 lb 6450 6750 good and choice 2 3 850 950 lb 6300 6450 good 2 3 660 1025 lb 5200 6000 some standard and good 2 3 715 1025 lb 4590 5325 Slaughter cows: utility and commercial 3 5 3800 4740 high cutter and boning utility 1 3 3900 4675 low and average cutter 1 2 3550 3930 canner and cutter under 800 lb 3100 3575 Slaughter bulls yield grade 1 2 1 180 1520 lb 4300 5275 Slaughter calves and vealers: choice and high choice 155 300 lb vealers 6800 8100 standard and good 5350400 choice 380 485 lb calves 5300 5850 feeders steers medium frame 300 450 lb 6500 7350 450 500 lb 6300 7025 500 560 lb 6300 6800 few 1006 lb partly fattened offerings 6400 small 1 300 500 lb 6000 6500 medium 1 2 600 855 lb 5700 6100 small and medium 2 300 500 lb 5450 6500 500 700 lb 5500 6300 large 2 holsteins 375 575 lb 4850 5325 735 1120 lb 4900 4975 heifers medium 300 500 lb 5300 5725 500 700 lb 5300 5550 small 1 300 500 lb 5000 5300 medium 2 300 500 lb 4800 5300 500 760 lb 4500 5300 Hogs: 650 barrows and gilts 75 100 higher US 1 2 230 245 lb 46754680 US 2 230 245 lb 4625 4675 US 2 3 225 270 lb 45504625 US 3 250 300 lb 44254495 sows: 100 200 higher full advance on weights over 500 lb US 1 2 300 350 lb 39004000 350400 lb 40004200 400450 lb 42004400 450 500 lb 44004800 500650 lb 48005100 medium 300400 lb 34003800 boars over 300 lb 33003400 Sheep: untested Discrimination suit against could change its franchising practices By TAMAR LEWIN 1984 NY Times News Service LOS ANGELES Charles Grif fis came to California in 1977 when he heard he might be able to buy a franchise in Santa Barbara He had completed a training program for the restaurant chain but was operating his own gasoline station in Michigan at the time It turns out though that the store was in Los Angeles San ta Barbara Street right in the middle of the says Griffis was an old store in real bad Griffis bought it anyway and over the next four years he added three more fran chises in the inner city of Los Angeles Now he is in danger of losing them which asserts that Griffis is involved in two fried chicken outlets is suing him for breaking a no compete clause in the franchise contract But Grif fis is fighting back: he filed a race discrimination countersuit that could shake up the hamburger franchising practices He asserts that blacks are systematically kept from buying stores in white neighborhoods The case comes down to a basic disagreement: says it is being sensitive to black requests when it sends black business people into inner city neighborhoods but Griffis says that sensitivity confines him and other black business people to the ghetto His suit is being watched with in terest by the National Association for the Advancement of Colored People the Rev Jesse Jackson and black fast food franchisees across the country or black groups what makes the case in teresting is the chance to put pressure on to find more minority franchisees and suppliers are very concerned about what seems to be redlining in the Los Angeles area and we are collecting information said John McDonald 3d the Los Angeles director of the NAACP are considering some sort of boycott against white owned We want to see blacks getting their fair share both as suppliers and as franchise owners Right now out of 137 black franchise operators nationwide only one is in a white says that is not true certainly have more than one black operator in a white said Stephanie Skurdy a spokesman for the chain keep numbers and I know exactly how define a white neighborhood anyway so not going to get into a numbers game We are still not satisfied with our minority participation but we are far above others in the Nonetheless McDonald's racial practices and situation in particular have become something of a cause in black business circles Two years ago Jackson wrote on behalf of his Operation PUSH to complain that blacks felt they were subjected to a double standard" in that they were con fined to inner city areas with high maintenance and security costs and were usually offered only recycled stores which are generally more expensive and less profitable than new ones And last year the New York chapter of the Black Operators Association wrote the New York regional vice president to complain that black owner operators are primarily confined to ghetto areas and not allowed to expand as fast as their white counterparts Griffis who is 39 years old said: I applied to join they said they had separate lists for black applicants and white applicants because they had trouble fitting blacks into the system You even hear about stores coming up in white neighborhoods stores are in he said get robbed once or twice a month and 1 pay $20000 a month in security services they pay in good neighborhoods We had a murder in one and we still get the windows smashed and the bathrooms vandalized upgraded my stores a lot and I see why I shouldn't have a shot at a store in a good says it is not that simple any franchising deci sion we do want the best person for the community and so meone the community respects" said Miss Skurdy the area is highly populated by Hispanics or blacks that might be a black or a Hispanic In pretrial documents elaborated on that approach experience with its restaurants has supported the belief that successful operation for both the franchisee and is maximized by the personal involvement not only in the restaurant but also in the neighborhood community by sensitivity to the store's customers and employees and their perception that as an en trepreneur and an employer the franchisee is contributing to the betterment of the community" the company said "Community representatives have voiced similar concerns to McDonald's already has more black franchisees than most other fast food chains While trade publications say blacks own slight ly more than 1 percent of the na franchised restaurants almost 9 percent of owners are black now 31 percent of the people in some phase of training to be franchise owners are Miss Skurdy said Still while company figures show that the average franchise owner has five stores Griffis says the 137 black operators have 267 restaurants or only about two apiece on average Griffis got four but wanted more In 1982 he sought a fifth franchise in Los Angeles and was turned down and then he applied for a franchise for his wife Patricia Six months later sued him for breach of contract citing the franchise clause that prohibits involvement with another fast 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