The Salina Journal from Salina, Kansas on January 19, 1996 · Page 6
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The Salina Journal from Salina, Kansas · Page 6

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Friday, January 19, 1996
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A6 FRIDAY, JANUARY 19, 1996 Money THE SALINA JOURNAL T DRUG LAWSUIT Settlement reached in drug case Deal offers no relief from high prices to uninsured Americans By STEVE SAKSON The Associated Press NEW YORK — Independent drug store owners could get a quick payoff for settling their lawsuit that charges drug manufacturers with giving unfair discounts to health maintenance organizations and hospitals. However, the tentative deal apparently offers no relief from high prescription prices for uninsured and elderly patients, whose costs are rising rapidly to subsidize the discounts. "The message of this is, if you're elderly and don't like it, join an HMO. For the uninsured, the answer is if you don't like it, don't buy the drug," Princeton "For the uninsured, the answer is if you don't like it, don't buy the drug." Uwe Reinhardt Princeton University economics professor University economics Professor Uwe Reinhardt said Thursday. In the class-action suit, representing 40,000 of the nation's roughly 56,000 pharmacies, lawyers claimed that the drug- makers illegally conspired to offer discounts averaging 40 percent to 50 percent or more to HMOs and hospitals while denying these price breaks to the pharmacies. Under the terms of the settlement, the pharmacies would drop their claim in exchange for a payment of roughly $600 million from 13 big drug makers, a source said. If the pact is approved by U.S. District Judge Charles Kocoras in Chicago, it would rank among the biggest antitrust settlements ever, according to The Wall Street Journal, which first reported the settlement in Thursday's editions. The case was scheduled to go to trial in April. If the $600 million figure holds, that could mean an average payment to each drugstore of about $15,000, minus legal fees. The deal requires the defendants to admit no wrongdoing. The defendants include pharmaceutical giants representing about 70 percent of the U.S. market for brand name prescription drugs, a source said. Among the companies agreeing are Pfizer Inc., Merck & Co. and Bristol- Myers Squibb Co. But the settlement doesn't close the issue because a number of powerful plaintiffs, including major drug chains and supermarkets, are refusing to participate. "The proposed settlement does not solve the problem of unfair drug pricing practices on the part of pharmaceutical manufacturers," said Ron Ziegler, president and chief executive of the National Association of Chain Drug Stores. "The struggle to bring fairness and equity to all purchasers and distributors of manufacturers prescription drugs is far from over." V RADIO STATION NEW YORK STOCK EXCHANGE Name ADT AFLAC AGCO AMR AT&T AbtLab Acuson AMD Advo Inc AetnLf AirProd Air T ouch Albertsn Alcan AlcoSt s AlnEnt AIIWrld2 Aldsignl Allstate Alltel Alumax Alcoa s Alza AmaxG AEaglGp AEIPw AmExp AGenCp AHome AmlntG s AmMdRs AmStd n Ameritch Amoco AMPs Amsco Analog s Anheus AnnTayl Apache ArchDan Armco ArowE AtlRich . 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PE Vol. Last Chg. - A - A 17 2592 14% .5214 2407 46 'A +1% .04 7 9576 43'A— 1 'A 29 7596 70%— 1 Vi 1.322817226 66 7 A — % .841817823 39% +% 32 4501 12% ,01e 7 8312 18'A +% .101911412 20%— 3% 2.7611 10739 72% + 'A 1.0416 2877 51%— 1% 6357 26 ^i + 'A .5218 3771 32% +% .60 13 4742 29% + % .5623 3117 41% — H 26 2541 8% — % 1.42 2985 12%— 1-16 .78 16 5567 48% + % .7811 17734 40 — % 1.04(19 3109 30% +% 9 2705 28% +% ,90a12 6738 51% + 'A 32 5253 26 ! A * % 2846 8% .16196205101-16 + 3-16 2.4 16 7278 42% — % .901422175 41'/< + 1% 1.2413 2411 34'A +% 3.081 14 5366 96% — % .3419 8728 94% + 1% 23 2703 29% — % 50 2988 27% — % 2.121 16 10048 59% + % 2.4 16 10515 19 Vi — % .92 20 3646 38 + % 11 4864 13% 2011488 19'A + % 1.7617 9947 70 + % 18 8961 12% + 1% .2862 3786 26 'A — % .201219814 18% +% 19 4748 5% — % 11 4018 37% 5.5 14 4198 112% t % 2.23 3121 24% — % .35 26 12957 38% + 1 'A 26 3045 25% +% 1.20119 2439 48% +% 2.2 18 2854 74% + 'A • B - B • 33 5383 27%— 1% J w,v> , . OTHER INDEXES ••^^^B •• • STANDARD & POOR'S 500 INDEX • •• ll^BB STANDARD & POOR'S INDUSTRIALS ^J^^IVIH NEW YORK STOCK EXHANGE ^^^^ OVER-THE-COUNTER EXCHANGE 5.124.35 AMERICAN STOCK EXCHANGE " 7 ruAM^c-^v^ VOLUME LfMAI>Hat +b/ ^b HIGH: 5,125.07 NYSE 4 P.M. REVISED VOLUME • LOW: 5,065.82 NYSE AFTER-HOURS VOLUME Stock data by The Assoclatsd Press NYSE CONSOLIDATED VOLUME Call COMMUNITY line T ° TAL CONSOLIDATED ISSUES TRADED ISSUES LOWER IN PRICE STOCK QUOTE /Category 9000 loouco "_>vvcn UN rnioc RNANCIALS/ Category 7500 ISSUES UNCHANGED 1 0 MOST ACTIVE STOCKS 608.24 - >1.87 710.60 +3.61 326.15 +0.86 1007.24 +8.94 529.05 -4.16 449,893,603 516,397 537,375,380 3,103 • 1,392 QQ1 «7!7 1 720 NEW YORK STOCK EXCHANGE AMERICAN STOCK EXCHANGE OVER-THE-CO.UNTER Name Volume Last Chg. Name Volume Last Chg. Name WalMart 142341 19%— 1% ViacB 78624 37%— 1 % S3lncs LSILogs 106093 24% — % US Biosci 10868 6 +5-16 Inlets IBM 98569 96% +8% EmerR 5554211-16—1-16 DiamM n RJRpfC 68104 6'A + % Viacom 5491 37 —3% Microsoft MicmTs 66533 32 — % Orgngns 5388 17 —1 AppleC SilcnGph 48898 26% +2% PLCSys 5237 22% +2% Cisco Motorola 45839 50% t 'A VlacwtC 5019111-16 — % SunMlcs Caterp X43283 59% +5% EchoBay 4330 11% — % DellCpts HewlPks 43241 75%— 1% SPDR 42556055-64 + 13-64 IntgDvs FedNM 38789 30% + % TWAn 3135913-16—3-16 DSC 22 5345 25%— 1% — — ' 4 fir> 35 inni ll % ~ % Comsat -™ 24 2859 18% +% FoundH 37 3299 41% + % KN Engy 1.04(17 1090 27% +% sol n ,S .,,. ConAgr .9520 3750 44% +% FMCG A .9035 3036 28 KCtyPL 1.5614 440 26% iseie o?i» la Conrpr 22 3980 22 + '/< FrptMc s .3632 5600 34%— 1% Kellwood .6046 314 19%—% ' IB i «IM ««, a. Conra " 1 - 713 7094 68%-1% FMRP 2.414 3119 19 -% Keycorp 1.4411 4917 34% +% i i» n arm jisi Conseco .089 9202 61% + V. 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Ji! 6 2 M " * V ' FdHmLn '- 214 474 ° 81 ' A +% lllictr '• 16M3 7175 35%-1'A Newell .4flf19 2544 26% 1.801029616 68%-1 FedMog .4616 523 19%-% ITW .6618 5177 55% + 'A NewmtM .4840 2971 51%-% .08(20 2810 19% +« FedNM .681638769 30% + 'A INCO .4015 5289 32% + 1 NewsCorp .09e 13 7512 21 'A +% .4017 2567 36% + 'A FedPB 1.611 3440 52'A +% IngerRd .7415 3443 36'A +% NewsCp pi 22e 11169 19% .883316613 73% +% FedrDS 2610702 26 IBM 1.01098569 96%+8% NiaMP 1.1213 2850 9% +% .10e23 2417 24% + 'A FtBkSy 1.4512 5780 48% +% InlFlav 1.36(21 2393 48 — % NlkeB s .60(20 5160 68% + 1% 18 75 33% — % FChiNBD 1.44(12 6972 37% — % IntGame .1215 4210 10'A +% NlneWest 16 4439 31 —'A 1.8862 3264 71 % + 1 % FstData .123217048 66% +1 'A IntPap s 1.00818259 37'A + 'A NoblAI 1677 3258 27% — H 1.92012086 25% +% Flntste 3.212 4132 135V4-2% IntRect s 17 6205 18 —1 Nokia s 561 12239 36% + 1% .1225 7679 54% — % FtMIss s . ,40b 8 2657 21 —1% Intimte n .12p 2880 14% +% NllkSo 2.0614 3152 77%—% 1.411 4246 39 7 A +% Fst USA .2414 6103 46% -J-J- NoestUt 17611 2393 25 19 2946 35% +% FslUC 2.0811 4549 54% — % JRiver .60b 89 14240 23% — % NorTel ' 4425 6121 43'A +% 16 5493 27 +1% FleetFnc 1.721921883 39%^% JRvr pIP 1.55 2563 23%—% Norwest .9611 6049 31%—% 1329994 44 'A + 'A Flemng 1.216 2026 20 +% JohnJn 1.3224 9919 86% — % Nynex 2.362512274 52% — % .13 13992 6HI + 2H FordM 1.40630649 27%—% • K • K • -0-0.0428 3662 13% +% FostWh .7820 2792 40% +% Kmart 34237 6% — % OcclPet 1.01612535 20% Volume Last Chg. 177276 12 1-16—2 13-16 165898 51 +1 88572 16% —9% 75832 87% +2% 62355 31 15-16—2 1-16 54819 70'A +1% 54160 44% — % 52268 24% + 1 1-32 51000 11 + 1 % 50498 24% + 1% SilcnGph 2048898 26% +2% SmtBceq 1.34e21 8175 53% Solectron 19 3219 37% +% SouthnCo 1.26115 5935 25%—% SouPacR 55 7433 24 — % SwstAIrl .0421 5127 23% — % Sprint 1.015 3185 40% +% StaStBos .72114 2730 42% —'A SloneC .30 5 6354 12% — % StorTch 77 4272 23% +% Stratus 43 2928 28 %— 2% SunCo 1.015 3648 26% — % Sunamrs .4017 2573 47 'A +% • T - T TECO 1.0616 2576 25 'A — % TIG Hd .20 16 4145 27 — % TVXGId 3171 9 — % Tandem 11 5550 10 — % Tandy .80(12 3236 37% +% TelBrasIn 9863 53% +9-64 TelArgs 1.03e23 9367 30'A +% Telef 1.72e 9211 44% +% TelMex .87e 32680 32 +% TmnHrnn tin 4100 1 A 1A U i mpuiyn ,308 1JUU 1 1 VB — TB TmpGIb .60 2626 7% TenelHIl 1231024 21% +% Tennco 1.80(14 3790 47% — % Terdyn s 12 8582 22 + % Terra .12 6 5317 11% — % Texaco 3.220 9286 78% + 1% Texlnsts .681019620 49 +3% TexUtll 2.00m 4514 40 'A — % Textron 1.5614 4476 76 — % TherEI s 31 3274 48% + % Thorlnd .1213 17 18% + % Tldwtr .5031 3737 31% — % TlmeWa .36 11587 38 'A +% TWCappf 2.22 2576 25% THillgr 25 7511 34%— 2% Trchmrk 1.1611 4112 44% + 'A Toro .4814 2997 34 — % ToyRU 1310046 21% — % Travelrs .80b 11 10631 60%— 1% Triarc A 995 12 Tribune 1.1216 2795 61% — % Trinllyln .6812 2747 32% +% TycoToy 1454 4% —'A - U • U - UALpfB 3.06 6526 31 'A — % UNCInc 2390 6% — V, OllcDpt 21 14355 17'A +% "NUM 1.0615331557%+% Ollicmxs 36 3471 20% + 1% USWest s 2.1414x6976 35 +% Olln 2.414 3600. 73% + 1 'A USWM n 5427999 20% + 'A Ornda 15 2895 24 'A +% USA Wste 64 3239 17'A° + % Oryx 5718 13 + % USFG .20 10 5915 16% + % • p • p • UST 1.48(16 6041 33% + 'A DM?° 1 'I 4 ] II £11 215J + v USXMaf - 68 " "486 19% -% PPG 2 3 SMI 44% ~* USXUSS 1 '°° 7 2825 301/< ~ % PacGE 1.969 4363 27% Unlcom 1 - 811 4511 34y< * <A PacTel 2.181316309 32%-1% UnCm P 1.60(7298645%-% PaclfCp 1.0613x10252 21% UCarb .75721294 37'A — % PainWeb .48 3434 19% +% UnPac 1.721511300 66%— 1% PallCp .4222 2562 24% +% UPacRs n .20 6594 25% +% ParkPar .10 2851 20% — Vi Unisys 5484 6% ParkHns .721012412 33% +% UHllhCr .0330 7648 60% + 1 Penney 1.9212 4343 44H -% Usa | rQ ,2338 14% + Vl Peptic" '80 24 16344 57% 7% US SUrg -082628472123-64 + 39-64 PerkEI 6825 2556 41% + 1% ^^® 1 '^ 2.20117 4337 92% +H PetroCpp ' 3844 6% +% Unocal ' 80 2B 3464 29 ~' A Pfizer s 1.042618717 62'A -% utlllc ° 1-W14 "32 26% PharUp| n ,27p 18105 39% + % • V - V - PhelpD 1.807 5281 58'A + 1% VF Cp 1.44112 1412 49% +% PhllMr 4.01513470 91% +% ValHIth 17 4049 26% +% PhlllpsEI ,80e B 4893 38%—% Varlan .2811 8088 44% +% PhllPet 1.2216 6265 32 • -Vi Vencor 26 7886 35% + 1% PlnWst 1.00(13 3462 29% Jf"" 92 , , I 30=, £» 5 PittBrkwl 2679 22% +1% 8 .92116 3681 54%— 5 rlllDin Wl Z.QIV C.C.H •*• 1 74 \/L(._ c nn\ 11(\A1 fl li j 1L PltstnSvc .2017 4594 31% + 1% •"™. s ,.„.!:„ . 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WstAtlas 30 2615 51 'A +% RJRNabs 1.51619186 33% +% WDigitl 9 8561 16% +% RJRpfC .60 68104 6'A +% WgtnRei 2.0214 496 34%—% ROC Fd 4875 9% — % WstgEI .20 23891 19 + % RalsRP 1.236 3620 59% — % Weslvco s .86 9 3376 25% —'A Raycm .40(4411858 62% + 9% Weyerh 1.611 4194 40%-% Haythns .7614 3314 45% -H W hrlpl 1.3638 2883 51% -'A Reebok 3010 2859 25% % ^"'" am> 1.0815 2842 44 Repsol 1.23e13 2694 32'A +% Wolwth 3532644 9% — % ReyMII .1.401 10 9650 50 + % • X • X - Rockwl 1.16116 4616 55% +% Xerox 3.016 6673139'A+3% Rowan 4071 9% + % : Y - Y • RoylD 5.46e14 7336136'A + 1% YPF Soc .BOe 10 13268 21% Rubrmd .5624 4554 26% +% - S • S • NOTES SBCCom 1.6518 6857 56%—% • Tin Mi: The Ssts Include local Merest stocks, SCEcp 1.011 672'1 16% + Vi «*«* s™ bokKaced, and the day's most actively trad- SGSTM 2807 32% + 1% «l stocks. StPaul 1610 4083 57% + % • Footnote*: I - also exlra or extras, b - annual SallieM 160(14 5717 71% + 1% ^ ^ 8 * oc ^ ^ 6a ^ e ~ M 0 ^ 1 ^ dhridenl e _ SalmSBF 'sOe 3038 13% % ™^™ w P™ B ^''*P*^12'nontns.l- dedaredor Salomn *6496 2937 36% paxia^asiocx wrtOBMor spit J-paidtrasyBar, SFePGId .05p40 2636 14% drvkleriJrmetinslk-dsc^wpaMlto^S.anS SinLee .76(1913091 30'A +% cumiilalive issue wMiMdends In arrears, n- Issued SchrPIs 1.161913613 52 — % wittilnlhe past 12 nxxitrs.r- declared or paid In the Schlmb 1.526 5922 67% + V< P»st 12 months plus stock (tvidend.1- split or stock Schwabs 1622 5096 21% +% dMdendof 25 percent or more with the past 25 weeks. SclAtl 0625 4287 14 +% 1 -paWi" stock in past 12 rnonfts plus stock dividend. Seaaate 911099 50'A +% * ~ ""W h bantouplcy or receivership or Iwng "Saanram Bn no JnR7 IRK Iv ™"gartod under the rankruptey act, or securities as- q»alHT« it M77 «« !« «umedbysu*cornpanies.ii(f-wh(indfetnb<ited.«rl SealdAIrs 24 2377 27% +% - *t»n Issued. nw. ««h wamnts. xw - nifnoutws/- Sears • .92 B 28425 39% -% nnis. i - Infcates single share totals rafter than Sensormt .2216 9687 17 — % hundreds, x means tfinyone buyino Ws-ex-divl- SvceCp .4425 2662 42% +% demfstock on Iheday In questkxi A not receive the SvcMer 9 3138 4V< — % rmst recent divklerAy.Mcales single share totals Shaw .3024 5102 12% — % tor enWdend stock. OVER-THE-COUNTER EXCHANGE AMEX Nime Adaptec AdobeSy Adtran s AlnSern s Allera s AmerOn s AmBiogn AGreel Amgen s AppleC 16 ApldMal s ArchCm Ascend s AspctTI s Almel s BMC Sf s BayNtwk 3 BedBath BenlOG Biogen Borlnd BrodSft BullrMf s C-CUBE s Cenlocor Cephln Dlv. PE Vol. Lilt Chg. 2316933 38%— 1 'A .202820536 35% — % 4918951 34%-9% 7 12233 8% + % 2935131 55% +% 21209 36 —2 11277 3% +9-16 .64 17 15893 26% 40 36996 57% + 1 % .48246235531 15-16-21- 1335974 33% + % 10267 20% t % 23893 40% + % 35 9258 38 +2% 26 45832 24 % + 1 % 2510795 41% + 1% 3448528 39% — % 34 12445 35 — % 43 9631 12% +% 20298 63%— 3% 21965 17% +1 15-16 2421981 45%— 4% .4012 190 35% +1 13221 53% +2% 14370 30% — 'A 13027 35'*+ 2 Cirrus s Cisco Comair s Come sp CmpPr Cyrix Cp Cylogn DSC OellCpt s DiamM n DlgllSol Ouckwall ElcArt EFIIs ErlcTel s Exabyte FTPSft Faitenl i FrthFn Gandlf g Gate2000 GenNutr s Qenzym GenzyTis HumGen Informx s InlgDv s Intel i 1411642 16% — % 41 54819 70'A + 1% .28m 15 8800 22% +2% .09 12777 20% + % 24 8948 1 1 % + 1 % 1516605 22 + 19-16 11010 6% +5-16 1450498 24% + 1% 95226824% + 1 1-32 88572 16%— 9% 10393 1 29-64—7-64 6 5 9% -'/. 33 19411 25% + ?» 30 9539 37% + 1% .19e 13890 19% t 'A 1213065 14%— 1% 11 10267 11% — V, .0245 7629 30% +% 1.48(1 > 329 39% — % 14761 14% +5-16 1012556 19% t\. 2811043 20% — % 13154 66%— 1% 11137 20% +3% 10002 39% +8% 4420824 28'A + 1'A 751000 11 +1% .16 13 165898 51 + 1 Intel wt s Intuit s Iomega LamRsch LinearT s Llposm LneSStk MCI MFSCm MeiaAr MlcroWre Microsoft Mlcrlest MblTel NathF Netmng s ' Novell Novlus • Opta Oracle s ParmTch PhysCpA PhyCpl PinnSysl Polydex Prmisy ns PriceCst Qualcom 19960 22 'A +% 16337 54% + 1 20871 36%— 1% 1026678 40 +3% .162721880 39 +1% 13028 24% + % 2917481 32 'A +2 .054634411 27% +% 10800 54 + % 23 3651 8% —'A 2424115 32 —4 3475832 87% +2% 2219511 5'A— 2% 12841 18%— 1% .80(11 462 17% — % 18 9935 11% + 1-32 1530165 13'A — % 11 9796 46% 13179 8'A— 2% 41 42117 44% +1% 43 14761 60 + % 2329996 16 'A — % 6831969 10'A + Hi 2714787 18% +2% 11821 1 +3-32 17306 44 15 13823 15 —'A 7814525 40% +% Ouartrdk QuorumH Repap S3 Inc s StJude s SierOn s SlerSm s Staples s Stratcm SunMIc s Sybase Symntc Synopsy s TelCmA s Tellabs s 3Com s TridMIc Tyson UMBFn US HlthC US Robt s VLSI ValHIdg Ventritx WA Mull Xllinx s 9991861513-16 + 3-16 2213517 25'A+2 16944 4% +5-16 16177276121-16—213-16 3333161 45% +3% 1817208 18%— 2% 17051 15% +3 3424411 20% +% , 5613908 68% +2 2054160 44% — % 7531658 33% + 2 9 13550 10% + 'A 36 6901 30 +% 32038221-16 + 7-16 2929212 37 +3 3724994 41% + 1% 1317999 15 —4 .12(16 1162 24% +'A ,BOb16 B 3B —2% 1.1011915618 45% +% 53 9678 82 +3% 1329093 13% +% 10378 % — % 16786 17% + 1% .84(11 10277 29% + 1 11-16 3322677 37% — % Nimt AMC ARC Alphaln Amdhl Atari Biovall s CheySoft ColData ColLb EchoBay EmerR FAusPr ForslLb GllxCbl GaylCn Glatflt GreyLne GlfCda g HanvDir Harken Haibro InlerDIg Intrmagn IvaxCp Klrby Dlv. PE Vol. L»l Chg. ,10p10 1523 20%-1% 3 1769 1 15-16 24 1146 11% +1 9 1757 7H + 1-16 16 2849 1% 98 2201 25% 29 1661 22% — % 26 1479 19% + 1% 268093-16 + 5-16 .08 4330 11% — % 275554211-16—1-16 .96 2291 9 9-16 + % 21 1579 49% +% B.20C 9 3 3-16 3 2038 7%— 3-16 .70 1965 16% +% 1031 4% + 1-16 1434 4% +3-16 1338 1H + 1-16 1568 1%-1-te .3215 1790 2«% +VS B 1431 7%— 1-18 .45146 1005 19 +1 .0835 3066 26% +% 50 2483 17% +% MDCgn Magellan Medeva MerP6 pf Metromda MidatRty NVR Nabors ecOmnl wt Orgngn s PLCSys. PegGId PrpdLg RegalBel RoyalO g 1250 1% 1433 22% — % .28913 1200 15% — % 996 4% t % 2538 12 — % .88 14 1102 9% — % 11 1001 10 18 1324 10% 1240 3H +% 5388 17 —1 5237 22% +2% 1768 15% — % 39 1098 12% +% .4015 1309 20% 2964 4 3-16 — % SPDR 1 .28e 4255 60 55-64 + 1 3-64 TopSrce 2663 6 +% TWAn 3135913-16—3-16 TurnBB .0765 1240 25% +% US Ale 23B1 2—1-16 USBIoscI 10668 6 +5-16 Viacom VlacB Vlac wtC Vlac wtE XCL Lid 5491 37 —3% 78624 37%— 1% 50191 11-16 — % 2921 3 'A — % 2330 % KINA to keep its format under new Hays owner 1995 sale of Salina station announced publicly by Hays owner By The .Journal Staff No format changes are planned for KINA-AM now that it is owned by Eagle Communications of Hays, the parent company of KSKG-FM in Salina and KHAZ- FM in Hays. Eagle Communications is publicly announcing the sale, which Was approved in November by the Federal Communication Commission. "Eagle Communications will make every effort to continue to service Salina and the surrounding areas as KINA has in the past," said Bob Smedley, general manager of both stations. KSKG had been managing KINA for the past year under an agreement, with KINA owner Smoky Hill Broadcasting of Salina. With the completed sale, Smedley has combined the sales departments of TFCC the two stations into one team. Eagle Communications owns 1'fl; radio stations in Kansas, NebraSf; ka and Missouri. There are 11 FM and two AM , stations serving the Salina areaT' and like KSKG and KINA, some ; have the same owners. The owners and their stations are:. • Independence Broadcasting of Ridgefield, Conn. — KSAL-AM, andKYEZ-FM • Eagle Communications of Hays — KSKG-FM and KINA-AM.' ', • Davies Communications c(f McPherson — KBBE-FM. • Eagle Broadcasting Co. of Salina — KBLS-FM, KSAJ-FM, KZBZf- FM. • United America Broadcasting of Salina —KCVS-FM. • Hutchinson Community Coi : lege —KHCD-FM. • Larry Steckline of Wichita -j- KILS-FM. • Platinum Broadcasting of Junction City— KJCK-FM. • B-B Broadcasting of Salina -7- , KQNS-FM. Money needed to change telecommunications laws By The Associated Press WASHINGTON — Telecommunications laws cannot be effectively overhauled without more money from Congress, the nation's top airwaves regulator asserted Thursday. Reed Hundt, chairman of the Federal Communications Commission, said he would press key budget writers to give the FCC $225 million for fiscal 1996 — a 26 percent increase over its current budget. Congress provided the FCC with $165 million for fiscal 1996, whiph :; Hundt likened to a "budgetary dri : '' ve-by shooting." A telecommunications bill- pending in Congress would greatly expand the agency's duties. On prospects for implementing the bill at current funding levels, 1 Hundt said: "We can't do the job well. We can't do the job right." Hundt also said the budget doei not provide the FCC with at least $25 million to move into new offices, which is something the federal government says the FCC must do. MARKETS KEY mm Dally key rates from The New York Times Previous Year Thursday Day Ago PRIME RATE 8.50 8.50 8.50 DISCOUNT RATE 5.25 5.25 4.75 FEDERAL FUNDS(x) 5.38 5.91 5.44 3-MO. TREAS. BILLS 4.95 4.97 5.68 6-MO. TREAS. BILLS 4.61 4.83 6.16 10-YR. TREAS. NOTES 5.52 5.57 7.73 30-YR. TREAS. BONDS 5.98 6.01 7.82 TELEPHONE BONDS 7.14 7.17 8.70 MUNICIPAL BONDS(xx) 5.55 5.58 6.74 (x) Estimated dally average, source Telerata (xx) Municipal Bond Index, The Bond Buyer Salomon Brothers and Telerate for Treasury bellwether bonds, notes and bills. Ib 43.00-43.50; 2-3 270-290 Ib 41.50-42.50; 2-4 290310 Ib 40.00-41.00. Sows not enough for a good price test, nominally steady; 1-2 300-500 Ib 30.50; 1-3 500550 Ib 31.00; 550-700 Ib 32.00-33.00. DODGE CITY LIVESTOCK Market quotations Thursday: ' Trade quiet. No sales slaughter steers or heifers confirmed Thursday. Inquiry moderate, demand light. Sales confirmed for the week to date on 65,100 head, Including 14,900 head or about 23 percent of previoJs- ly contracted or formulated cattle. Sales FOB feedlot net weights after 4 percent shrink. OMAHA UVESTOCK LOCAL GRAINS Thursday, January 18 Wheat Corn Mllo Beans Scoular, Salina $5.03 — $6.12 — Carglll, Salina $5.10 — $6.16 $7.27 Farmway, Belolt $4.85 $3.33 $5.67 $6.96 DeBruce, Clay Ctr. N/A N/A N/A N/A Cooper, Colby $4.78 $3.45 $5.63 $6.67 Decatur, Oberlln $4,67 $3.36 $5,57 -$6.53 Agco, Russell $4.85 — $5.77 $6.97 Farmers, Stockton $4.81 $3.40 $5.61 — CHICAGO GRAINS Futures trading Thursday on the Chicago Board of Trade: Open High Low Settle Chg. 5,000 bu minimum; dollars per bushel WHEAT Mar 4.81% 4.84 4.78% 4.83 May 4.56% 4.59% 4.54% 4.56% Jul 4.21 4.23% 4.18% 4.22% Sep 4.23 4.25 4.20% 4.24% Dec 4.31% 4.34 4.29 4.32K Jul 3.79 3.79 3.79 3.79 CORN Mar 3.53 3.55% 3.52% 3.55 May 3.56% 3.60 3.57% 3.59% Jul 3.55 3.57% 3.54% 3.57 Sep 3.04% 3.06% 3.03% 3.06% Dec 2.87% 2.90% 2.87% 2.90 Mar 2.92% 2.95% 2.92% 2.95% Jul 2.97% 2.98 2.97 2.96 Dec 2.73% 2.73% 2.72% 2.72% OATS Mar 2.17% 2.20% 2.17% 2.19% May 2.19% 2.21% 2.16% 2.21% Jul 2.16 2.18% 2.16 2.18% Sep 1.79% 1.83 1.79% 1.62% Dec 1.83% 1.86 1.B3 1.86 SOYBEANS Jan 7.31 7.32% 7.28% 7.32 • Mar 7.38% 7.41 % 7.37 7.40% May 7.44 7.46% 7.42% 7.45% Jul 7.45 7.47% 7.43% 7.46% Aug 7.41% 7.42 7.39 7.42 Sep 7.20 7.20 7.17% 7.18 Nov 7.01% 7.04% 7.01 7.02% Jan 7.08 7.06% 7.06% 7.08 Mar 7.11 7.12% 7.11 7.12% .04 .02% .04% .06 .04% .04 .03% .03% .04 .04% .04% .04% .04 .00% .02% .03% .03% .04% .05% .03% .04 .03% .03% .05 .02% .01 % .03 + .02% Jul 7.16 7.17 7.15 7.17 +.01% Nov 6.40 6.42 6.38 6.41 +.04 KANSAS CITY GRAINS Wheat futures Thursday on the Kansas City Board of Trade: Open High Low Settle Chg. WHEAT 5,000 bu minimum; dollars per bushel Mar 4.85 4.68% 4.63% 4.68% .05% May 4.62% 4.64 4.60 4.61% .02% Jul 4.40 4.41% 4.37% 4.39 .03% Sep 4.38 4.38 4.35 4.37 .04 Dec 4. 42%' 4. 43 4.42% 4.43 .02 Whaat 92.475 bimhAln- 3/d rani hlnhor In A r»onte Market quotations Thursday: Hogs: 1 ,000. Barrows and gilts closed 1 .00-1 .50 higher. U.S. 1-3 230-260 Ibs 44.50-45.00. U.S. 2-3 260-280 Ibs 43.50-44.50. Sows; 25 percent. 0.50-1.00 higher. U.S. 1 -3 350-500 Ibs 31 .00-31 .50. U.S. 2-3 500-700 Ibs 32.50-35.00. Boars: 300-700 Ibs, 27.50. Cattle and Calves: None. No test on steers and h Bit GTS Sheep: None. CHICAGO LIVESTOCK Futures trading Thursday on the Chicago Mercantile Exchange: Open High Low Settle Chg. CATTLE r < 40,000 Ibs.; cents per Ib. Feb 66.00 66.00 65.12 65.20 — .66' Apr 65.95 65.95 65.20 65.37 —.4.8, Jun 62.00 62.02 61.60 61.80 —.07 Aug 61.10 61.17 60.90 61.00 — .OY Oct 62.25 62.35 62.10 62.22 — .05 1 Dec 62.40 62.45 62.25 62.37 —.05 Feb 62.50 62.55 62.35 62.42 —.10 ' FEEDER CATTLE . '•' 50,000 Ibs.; cents per Ib. ,, Jan 60.15 60.15 59.70 59.87 —.38; Mar 58.90 58.90 58.25 58.27 —.70' Apr 58.90 56.95 58.35 58.37 — .85'' . May 58.80 58.90 58.40 58.42 —.45 Aug 60.12 60.12 59.75 59.80 — 47. Sep 59.75 59.85 59.67 59.80 —.40' Oct 59.60 59.65 59.77 59.85 —.35 Nov 60.75 60.80 60.75 60.77 — 45 HOGS 40,000 Ibs.; cents per Ib. " Feb 45.60 45.60 44.60 45.42 —.20 Apr 44.85 44.85 44.05 44.50 —32 Jun 50.77 50.77 49.77 49.87 —.90' Jul 50.40 50.40 48.97 49.02 —1.15 Aug 49.65 49.65 48.10 48.10 —1.50 Oct 46.35 46.35 44.85 44.85 — 1.50i Dec 47.07 47.07 45.60 45.60 —1.50 Feb 65.25 65.30 64.60 64.60 —.65 *P' 63.50 — .3J) 1 Jun 69.65 69.65 66.70 68.70 —.7^' J"l 68.30 —.35 GOLD Foreign - Hong Kong late: $398.15, off $1.00; London morning fixing: $397.50 off $0.20; London afternoon fixing: $397.50 off $0.20; London late: $397.70, on <pU.ud, rflns Biternoon fixinQi $390.76, off $5 99* Frankfurt fixing: $397.80, off $0.21; Zurich late afternoon: $397.50 unchanged. Domestic - NY Handy & Harman: $397.50 off $0.20; NY Handy & Harrnan fabricated: $41 7.38 off $0 21 • NY " Engelhard: $398.83 off $0.20; NY Engelhard fabricated: $41 B.77 off $0.21 ; NY Merc, gold spot month close Thu. $397.40 oft $2.30; NY Republic National Bank 4. p.m. Thu. $397.00, off $2.30. ' ' J • SILVER higher; No. 2 hard 5.123/4-5.211/2; No. 3 5.013/4- 5.201/2n; No. 2 red wheat 5.023/4-5.361/2n; No. 3 4.913/4-5.351/2n. Corn 25,592 bushels: unch to 4 cents higher; No. 2 white 4.20-4.30n; No. 2 yellow 3.541/2-3.623/4n; No. 3 3.341/2-3.613/4n. No. 2 mllo 6.12-6.26n. No. 1 soybeans 7.191/2-7.361/2n. Hoppers 117.00-120.00. ST. JOSEPH UVESTOCK Market quotations Thursday: Estimated hog receipts: 1,000. Compared to Wednesday barrows and gilts 1.50 higher; 1-3 230-270 Handy & Harman silver Thursday $5.445 up $0 DOS- Fabricated $5.990, up $0.006; The bullion price for sIlV ver earlier In London $5.4650, off $0.0275; Engelhard-' $5.455, off $0.010; Fabricated $6.001, off $0.011; NY'' Merc silver spot month Thursday $5.422, off $0.053 OIL Thureday as com Pa™tl with .., _ Th West Texas Interned $ per bbl fob 10 . From Staff and Wire Reports Wed, i,.' 18.53

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