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Statesman Journal from Salem, Oregon • Page 32

Publication:
Statesman Journali
Location:
Salem, Oregon
Issue Date:
Page:
32
Extracted Article Text (OCR)

Business Page 6D. Statesman-Journal, Salem, Oregon Wednesday, January 28, 1987 WeDinru ft reg Slogigy People Univw.nl Pros SyndicntQ Cartoonist amends greeting at border WO ARE NOW Sam Skillern Linda Jaeger VrrTI i Mm I I 1 I Valley Oil Co. gives promotions to two Valley Oil Co. of Salem has announced the promotion of Sheila McDaniel to corporate administrative assistant and Linda Freeland to office manager. McDaniel has been with the company more than five years as office manager.

Freeland has been with Valley Oil for a year as assistant office manager. Both are long-time Salem residents. Public relations firm nerves account exec Salem native Sam Skillern has been named senior account executive for Arst Public Relations, Bellevue, according to Jane Arst, president. Skillern holds a bachelor's degree from Oregon State University. He has been with the Bellevue firm since 1984, working earlier as public relations director for Seattle Goodwill.

i 1 Linda Freeland Sheila McDaniel By Margaret Sizemore Of Hi Statesman-Journal Ziggy, the pudgy, homely cartoon character of Universal Press Syndicate fame, is seeing a new sign when he crosses the Oregon border this year. Ziggy's first trip across the border, last summer, raised the hackles of Oregon tourism officials. They took affront at a cartoon sign that said, "You are now entering Oregon. Please don't make a habit of it." That sign was made over this year by cartoonist Tom Wilson, Ziggy's creator, in what state tourism officials see as a tasteful retraction. The new sign says, "You are now entering the Friendly state of Oregon.

If it's your first time welcome! If not you should have called or written so we wouldn't worry!" State officials like the change, which showed up in a cartoon run in newspapers Friday. "It was a negative situation turned into a positive opportunity," Ed Remington, state tourism director, said. He said he sent Wilson an invitation to visit after the first nationally syndicated cartoon appeared in July 1986 so the artist could see for himself that Oregon is hospitable. The first sign refers to former Oregon Gov. Tom McCall's famous philosophy of several years ago that was characterized as "visit but don't stay." Wilson didn't respond.

In the meantime, Remington said, he unsuccessfully tried to get a list of the publications that carried the cartoon to seek equal time or a Salem woman joins company as field rep Linda M. Jaeger of Salem recently joined the firm of Cra-vinho Associates as field representative for Guardian Life Insurance. Jaeger is a graduate of Oregon State University. Agenda retraction. He also urged the state's chambers of commerce to help set things straight.

"And then suddenly he turns up with our exact words in the cartoon. So it's a good retraction. I think he probably realized Oregon Institute, 1912 SW Sixth Portland. Discussion topic is international trade resources. Call 229-3246 for information.

National Association of Accountants, Salem area chapter tour of the Intelle-dex plant, 5:45 p.m., 4575 SW Research Way, Corvallis. Freelance lecture "Understanding the NEWS-paper," Tom Emery Cropper, Keizer free-lance writer and photographer, 8 p.m., Weathers Music auditorium, 2825 Commercial St. SE. Cost is $6. The Statesman-Journal welcomes Information Irom the Mid-ValleyCentral Coast business community lor Its business People notes and about business meetings lor Its business Agenda columns.

Photos ol leetured Individuals will be considered tor use but cannot be returned. Information and photos should be brought to the newspaper or mailed to the Statesman-Journal, P.O. Boi 13009, Salem, Ore. 97309. Please marke the envelope lor Business People or Business Agenda.

THURSDAY Interagency Predator and Rodent Control Committee 10 a.m., Room 105, Oregon Department of Agriculture Building, 635 Capitol St. NE, Salem. Agri-Business Council of Oregon annual meeting, Red LionColumbia River, Portland. Luncheon at noon, Umatilla Room, Oregon Agriculture Director Bob Buchanan to speak. Business meeting, 1:30 p.m., Yakima Room.

Call 221-1257 for information. Small Business International Trade Program International Roundtable networking forum, monthly brown-bag luncheon, noon to 1:30 p.m., International Trade y5verall best ff cars available Subcompact Honda Civic Chevrolet Nova Dodge-Plymouth Colt Ford Escort Mercury Lynx Honda Prelude Compact Dodge Aries Plymouth Reliant Buick Skylark Intermediate Chrysler New Yorker Dodge 600 Plymouth Caravelle Volvo DL Large Chevrolet Caprice Ford LTD Crown Victoria Mercury Grand Marquis Pontiac Safari Source: The Car Book is alive and well," Remington said. "Knowing our tourism organization, the way it is, I'm sure Tom Wilson got a lot of letters." Universal Press Syndicate officials could not be reached for comment Tuesday. Average IW raise drops Prom staff and wire report WASHINGTON Wage and salary increases last year averaged 3.5 percent, compared with 4.4 percent in 1985, according to a government report Tuesday. The report said more employers heaped year-end bonuses on their workers in lieu of larger pay raises.

Oregon officials expect to complete an annual statewide hours and earnings analysis in mid-February, Art Ayre, an Employment Division analyst, said Tuesday. In the national report, continuing a trend begun in 1983, non-union workers won larger percentage increases, 3.6 percent, than union members, 2.1 percent, Bureau of Labor Statistics officials said. But because the weekly income of union members is about 33 percent higher than that of full-time, non-union workers, there was little indication that the dollar gap between them was narrowing significantly, bureau analysts said. Schoolteachers got the largest average pay gains for the second year in a row, 5.9 percent on top of the 6.1 percent increase they received in 1985. State and local government workers were second with wage gains averaging 5.4 percent in 1986, compared with 5.6 percent the previous year.

In private industry, pay increases averaged 3.2 percent last year, compared with 3.9 percent in 1985. But manufacturing workers this year outpaced those in the rapidly expanding service sectors of the economy. In 1985, wage increases for service workers averaged 4.4 percent. This year raises fell to 3.2 percent. Manufacturing workers, meanwhile, received an average increase of 3.3 percent, the same as in 1985.

The size of raises also dropped sharply in the finance, real estate and insurance U.S. autos score well in '87 ratings WASHINGTON (AP) Plymouth and Dodge models make the most appearances this year in the overall "Car Book" consumer auto ratings. Ford, Mercury, Chevrolet and Honda cars rank close behind. The 1987 edition of The Car Book, the seventh edition in the series by consumer expert Jack Gillis, being published today, reports some good news in terms of safety and quality. "Finally, American drivers are getting safer cars," the new book reported.

The book is published in conjunction with the private, consumer-oriented Center for Auto Safety. Gillis annually compiles details on most autos sold in the United States, rating them for safety according to results of crash tests conducted by the Department of Transportation, reporting the Energy Department's fuel economy results, estimating the costs of repairs and preventive maintenance and reporting average resale value for various models. Overall, he says, the best cars available this year are: Subcompact Honda Civic, Chevrolet Nova, Dodge-Plymouth Colt, Ford Escort, Mercury Lynx, Honda Prelude. Compact Dodge Aries, Plymouth Reliant, Buick Skylark. Intermediate Chrysler New Yorker, Dodge 600, Plymouth Caravelle, Volvo DL.

Large Chevrolet Caprice, Ford LTD Crown Victoria, Mercury Grand Marquis, Pontiac Safari. In addition to the overall ratings, The Car Book rates cars according to their performance in various categories. In the crash tests, the book reduces the eight difference government measurements to a single number rating in order to compare cars. Best performers in the subcompact category were the Toyota MR-2 and Corolla SR-5, the Honda Prelude and Subaru XT. In the compact group the top performers were the Pontiac Fiero, Dodge Daytona, Toyota Celica and Buick Skylark.

Safest intermediates were the Pontiac Fire- Short Takes Benj. Franklin rebounds in 1986 PORTLAND (AP) The Benj. Franklin Savings and Loan Association on Tuesday reported record highs in deposits, loans and total assets at year-end. Net income reached $18.8 million for 1986, after the company suffered a loss of $4.6 million in 1985. Fourth-quarter earnings were $4.4 million, a substantial increase from the $233,000 for the same quarter in 1985.

United will transfer Tokyo flight service CHICAGO (AP) United Airlines announced Tuesday that it will transfer its weekly Portland-Tokyo service to Seattle on April 5. Delta Airlines will begin Portland-Tokyo service March 2, and the company is planning to operate five days a week. United has run Portland-Tokyo service on Tuesdays and Seattle-Tokyo service six days a week since April 1983. Weyerhaeuser Co. earnings rise 63 TACOMA, Wash.

(AP) -The Weyerhaeuser Co. has reported fourth-quarter earnings of 70 cents per common share, 63 percent higher than in the final quarter of 1985, The forest products giant reported Monday that net earnings for the period increased 51 percent, from $63.6 million to $96.1 million. The company reported that it set a sales record of $1.45 billion for the final 1986 quarter, an increase of 17 percent from the comparable period one year earlier. Falling U.S. dollar boosts H-P orders PALO ALTO, Calif.

(AP) -The Reagan administration's decision to let the dollar fall in hopes it will boost overseas business for American companies and cut the trade deficit is already paying off for Silicon Valley's largest electronics company. International orders increased 30 percent in the first two months of Hewlett-Packard 1987 fiscal year compared to the same period in 1986, president and chief executive officer John A. Young told security analysts Tuesday. StorageTek unveils new retrieval system NEW YORK (AP) Storage Technology Corp. unveiled Tuesday a fast but inexpensive way for big computers to retrieve information.

It is the company's first major product since it began to dig out from severe financial troubles. Also Tuesday, StorageTek reached a settlement with the Securities and Exchange Commission, which accused it of juggling its ledgers to misrepresent its revenue from 1982 to 1984. The company neither admitted nor denied the charges but agreed not to contest an injunction forbidding it from future violations. bird, Volvo DL, Chevrolet Camaro and Buick Century. Tops in large cars were the Buick Estate Wagon, Chevrolet Caprice, Olds Custom Cruiser and Pontiac Safari.

In the fuel economy ratings, the top performers are the Chevrolet Sprint, Honda Civic, Suzuki Forsa and Subaru Justy. Cars listed with the lowest preventive maintenance costs were the Nissan Stanza, Buick Skyhawk, Olds Firenza, Pontiac Sun-bird, Nissan 300 and Ford Mustang. Lowest repair costs were recorded by the Chrysler Fifth Avenue, Dodge Diplomat, Plymouth Gran Fury, Yugo GV, Pontiac GV, Chrysler LeBaron, Dodge Aries. Cars with the best resale value are the Chevrolet Corvette, Volvo DL, Toyota Celica, BMW 320i, Honda Prelude, Mazda RX-7 and Toyota Corolla. Market rebound pushes Dow Jones to record closing Dollar drops; gold rises NEW YORK (AP) The dollar tumbled again Tuesday, hitting the lowest level against the West German mark this decade.

Despite West German central bank intervention to buy dollars, the currency fell slightly below 1.80 marks. Gold prices rose in what traders called a reaction to the dollar's decline and growing political tension in South Africa and the Middle East. Republic National Bank of New York quoted gold at a bid price of $415 an ounce as of 1 p.m. PST, compared with $411 late Monday. NEW YORK (AP) The stock market bounced back strongly Tuesday, catapulting the Dow Jones average of 30 industrial stocks to a closing record.

Traders said that investors jumped back into the market with renewed vigor, recovering confidence that had been badly shaken by Friday's wild session. The closely watched Dow Jones average climbed 43.17 points to a record close of 2,150.45, topping the previous high of 2,145.67 set Thursday. The rise by the blue-chip average, coupled with Monday's modest gain, erased Friday's loss of 44.15 points. However, it did not not come close to Friday's intraday high of about 2,210 points, which preceded an unnerving 110-point plunge by the market's best known indicator. Analysts said they expected the rally to be sustained for some time yet.

Additional Short Takes about tha economy are on Page 7D. Trends How stocks of local interest fared SAFECO Seattel Holding insurance 60f Unit sales to dealers Electronic goods we purchased last year and what we're ex- mniion pected to buy this year: 50. 40. 30, 20 Color TVs in 19 1 VCndccs 2 jobs Go-Video Inc. is trying to market' a two-slot VCR that can play and record ttt the tame time.

Co-founder Ricnard Lang says that if he can get manufacturers to sign up, the dual-deck model could be' available in about 0 months, selling for about $400. Tomorrow Boats and recreational vehicles can be considered second residences under tax reform. Read about how the loophole has affected local sales of those items. 1414 14' 5H 51 551 56' 18' 18' 371 37H 17V 18 8 81 11 12 34 35H 291 30 49 49' 36' 37' 57' 571 3201 32514 381 39H 3' 34 30 30' 11H 11' 13 13' 24' 25 41' 41H 28' 28H 7' 71 48' 48' 52' 521 Stocks Bid Ask Alpine Int'l 1 1118 Ashton-Tata 28 281 Benj. Franklin 814 8 Bohemia Inc 20' 201 Coachman Ind 1414 141 Coast 141 14 Costco 14H 141 Dayton-Hudson 43H 44 Fabric Wholsln 8H 8H Flight Dynamics 2' 3' Floatingpoint 11' 12' Fred Meyer 13H 13' GranTree 8' 8' Hewlett-Packard 49 49' Insitutorm N.A 15'- 18 Intel 29 29 Int I King Table 16H 17 James River 371 37 KeyCorp 25 25 Kyle Tech It 11 longview fibre 471 471 12W 13 Mentor Graphics 25H 251 Morrison Knudsen 50 ft 52' Nike izvtj 12' Nordstrom 48V 461 NW Nat Gas 24 251 Orbanco Oremet PACCAR Pacific First PacitiCorp Pacific Telecom Palmer Q.

Lewis Pay Pak Pope Talbot PortGC Precision Cast Rainier Banc Saleco Teledyne Inc Tektronix Timberlint Trus Joist United Savings Univar US Bancorp Viacom Wash Energy Western Weyerhaeuser Willamette Ind Courtesy of Shearson Express Vldeocassette recorders 12.5 13 I Camcorders 1.1 1.5 TV satellite dishes 0.4 0 a 10 CD players 3.0 4.3 Home computers 3.8 4.1 Telephones" 28.5 28.2 Answering machines 4.9 5.8 excludes projection TVs Includes corded and cordless models Source: Electronics Industry Association 1111, Week's close for past 12 weeks LehmanAmerican Exchange: om.

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