The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page 56

12-D Saturday, Nov. 30, 1985 The Philadelphia Inquirer Puzzled by the name Black Friday? So are a lot of others From Greenberg of Hess's cojnes "Bright Friday." Fred Robson, a spokesman for Cal-dor a discount department store chain in Norwalk, which 1tas stores here, likes the sound of "Fantastic Friday." But then, how would that work in a headline? mas was celebrated entirely in Center City," said Feld, a Philadelphia native. "You would go to Gimbels. walk down to Wanamakers, then go to the stores lining Market Street and Chestnut Street. 'There were no suburban malls and the city was where you went to shop.

The Police Department dread ed the day because the traffic became impossible and they were flooded with calls about shoplifting. And that made it the blackest day of the year for them," Feld said. A more accepted explanation among merchants, however, is that the black in Black Friday refers to profits. With a windfall of earnings coming in during the Christmas season, it is a day when the number crunchers for retailers can put down their red pencils and start using their black pencils to write profits into ledgers. When asked to coin a new phrase for Black Friday, merchants offered several sunny suggestions: how the term got started.

Many simply said that it is a phrase that they have been using for years to describe the day after Thanksgiving. If shoppers are at a loss to explain the origins of the phrase and merchants don't own up to it, could it be that the term was coined by no, not the media? Yes, the press, suggests Joyce Man-tyla, a spokeswoman for John Wana-maker. "The media may have dubbed the term, kind of tongue-in-cheek, because it is the toughest time to shop," Mantyla said. "And we've been inundated so much with it that we have come to accept it." Armchair etymologists including retailers, shoppers and reporters analyze the meaning of the term in several ways. As Mantyla suggests, shoppers might view the crush of humanity in stores with some trepidation, making black, as in gloom-and-doom black, Church groups get more clout at annual meetings NAME, from 8-D aughed Carol Sanger, a spokeswoman for Federated Department Stores in Cincinnati, which is the largest department store operator in the country.

"Black Friday out here means the day of the Great Flood in 1937." "I have no idea what it means." said Bill Dombrowski, director of media relations for Carter Hawley Hale Stores Inc. in Los Angeles. "We don't have anything like that out in Los Angeles. But we do celebrate Cinco de Mayo Day, which is when Mexico overthrew Emperor Maximilian." From the National Retail Merchants Association, the industry's trade association in New York, came this terse statement: "Black Friday is not an accepted term in the retail industry and as far as retailers are concerned, it is understood to mean the Friday the stock market crashed in 1929." (The first huge drop in stock prices actually occurred on Oct. 24, a Thursday, but the New York Stock Exchange closed on Nov.

1, a Friday.) Retailers, in general, loathe the term. The Center City Association of Proprietors, in fact, has been lobbying quietly for years to banish the word from the city's vocabulary. "We hate it," said Peter Straw-bridge, president of Strawbridge Clothier. Local shoppers yesterday could not provide any insight into when or publicly year after year. A rule adopted in 1983 by the Securities and Exchange Commission would have made it harder to renew ballot fights on social issues after initial defeats at shareholder meetings.

But a federal-court decision in Washington two months ago threw out the 1983 regulation on procedural grounds and the SEC says it will not seek to reinstate the rule, at least for now. The court ruling has enabled activists to mount IS stockholder-ballot efforts that would have been barred under the 1983 SEC rule. These challenges involve such corporate giants as and IBM. Since the court's decision, activists have proceeded full speed ahead to By Robert Furlow AsuKiated Press WASHINGTON Church groups, armed with $10 billion worth of stock in U.S. corporations, are preparing to push their views on such issues as South African investment and nuclear research at shareholder meetings next spring.

Seeking to influence company policies on religious or moral grounds, these groups are armed with a recent federal-court decision that makes their voting shares more potent at stockholder meetings. The church groups do not win majorities, but they often score victories on policy fights, partly because companies don't want controversial social issues raised tions, activists needed to win 5 percent of the shareholders votes to keep the issue alive. That may not sound like a big change. But those percentages are right on the edge of the voting blocs the churches can often produce on social issues. "As a practical matter, (the ruling! has tremendous significance.

The church groups have found that even with 3 percent of the vote companies will change their policies," Hitchcock said. 7.. Among victories for activisfsT he and Smith said, have been decisioils by major banks to halt or curtail lending to South Africa, a target of many church groups because (Stils racial policies. file formal complaints. Timothy Smith, executive director of the New York-based Interfaith Center on Corporate Responsibility, said this week.

Some 70 or so ballot efforts have been filed so far. His organization, which is affiliated with the interdenominational National Council of Churches, includes 17 Protestant denominations or agencies and more than 200 Roman Catholic religious orders and dioceses. The federal court's order directed the SEC to enforce its old rule, under which churches or other groups will need to get 3 percent of shareholders' votes the first time an issue is brought up in order to get the matter back on ballots the following year. Under the discarded SEC regula an apt adjective for describing the day. One retailing insider added that sales clerks who have to work that day and deal with the mobs of customers may have come up with the description.

David Feld, president of the six-store Today's Man chain, has a novel explanation. He credits the Philadelphia Police Department. "Years ago, the business of Christ OTC national market NASD COMPOSITE INDEX FOR FRIDAY 313.95 (UP 0.94 1 BnPnc 4 1 144 23 NEW YORK Top losers -U-U- (API NASDAQ USLtC IJI 114 'l BnPts ll IH 31 24 BancoM .40 12 II tcvKm 1.11 70 3S- '1 Nlhanal MirtrM trMtt Bancltc 144 I I. USPCI I UST -M UTL Unrty JM BantH JO 47 t- '1 BtCM 11.20 10 11 B.Gm i 34 24 l'l Mr Friday Satat CMM Ckf. Fd 101 1-1 AOCT1 171 ll'i AEC 102 10' 1 AEL 1J AFG 23 ASK lit II Top winners OTC most active Nam VMumt Bid Aitad Ow.

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