Statesman Journal from Salem, Oregon • Page 15

Gold prices (Republic National Bank) $402.00, off $3.25. Silver prices (NY Comex): $6,170 per troy oz. usmess Statesman-Journal, Salem, Oregon Page 6F. Friday, January 27, 1989 In brief L(oj 2iplffi iolht i $i6S I ff Lawmakers propose curbs American Airlines' lead, raised some of their most-discounted fares Thursday. The action stirred speculation that passengers could be in for another round of fare increases.

American raised its so-called MaxSaver fares $20 to $40 on flights from its Dallas-Fort Worth hub to 40 U.S. cities, American spokeswoman Mary O'Neill said Thursday. Boise Cascade plans to modernize plant INDEPENDENCE Boise Cascade Corp. has announced that it will spend $1.1 million to modernize its Independence veneer plant. The modernization will reduce employment from 51 to 39 people, administrative manager Dee Bridges said in a prepared statement.

The modernization will require a shutdown for about two weeks. Construction could be timed to coincide with the plant's normal vacation shutdown schedule this summer. According to the statement, the state-of-the-art production equipment will improve productivity and utilize available timber supplies more efficient- ly. From staff, wire reports 4 ill amw" If By Jolayne Houtz Of the Statesman-Journal State lawmakers and an Oregon congressman launched an attack Thursday on log exports that they say are bleeding Oregon's economy of thousands of jobs. Legislators introduced a package of proposals that would ban timber exports from state-owned land, while a back-up bill would allow voters to decide in May whether they want to constitutionally prohibit the practice.

"We're united in our determination to make real headway on the log export crisis," Rep. Bill Dwyer, D-Springfield, said. His bill, as well as the bill to allow voters to decide whether to ban the export of state logs, hinges on action by Congress. Current federal law allows those exports. "This is a war being waged on our state and our economy," Oregon Rep.

Peter DeFazio said. The second-term Eugene Democrat led efforts in Congress last year to let states decide whether to prohibit state timber exports. The proposal died in committee last session. New legislation addressing the same issue this year is being drafted. But a lobbyist for Weyerhaeuser Co.

said such legislation would threaten Oregon's status as a Pacific Rim trader. "We've got to export to survive," lobbyist Kelly Conover said. "The broad question is the open-trade issue and the negative trade message that Oregon would be sending to the Pacific Rim." The company does export some state-harvested timber to Japan, but Conover said the effect of the proposed legislation on Weyerhaeuser would be minimal. More importantly, the rhetoric is diverting attention away from the real problem for the industry the decreasing amount of federal timber that can be harvested and the resulting timber shortage, he said. But DeFazio said log exporters are stealing Oregon's resources.

Statesman-Journal photo by Bruce Thorson Jackie Winters may include franchises in her expansion plans. Jackie's Ribs plans a bigger barbecue East Salem will get restaurant Dow average climbs to 2,291, gains 25.18 NEW YORK The stock market swept ahead Thursday in an advance that carried the Dow Jones average near 2,300 for the first time since the crash of 1987. The Dow Jones average of 30 industrials climbed 25.18 to 2,291.07, bringing its gain during the past three sessions to 72.68 points. The last time the average closed higher was Oct. 15, 1987, when it stood at 2,355.09.

tallies first loss in 104-year history NEW YORK American Telephone Telegraph Co. on Thursday reported the first annual loss in its 104-year history, the result of a huge write-off to streamline for long-distance phone wars. lost $3.34 billion in the quarter ended Dec. 31 and $1.67 billion in all of 1988. Some airlines increase most-discounted fares NEW YORK Several major U.S.

airlines, following Additional economic news is People Sales associate joins Salem real estate firm Bud Hemann of joined Coldwell Banker Mountain West Real Estate as a sales associate. He specializes in residential properties. He previously worked in men's retail clothing. Bud Hemann Monmouth couple gets pro photo rating MONMOUTH R. Neil and Mariam Haugen, the owners of Haugen's Galleri Portrait Studio, recently earned recertification as professional photographers through the Professional Photographers of America.

Keizer chamber elects officers, directors KEIZER The Keizer Chamber of Commerce has elected new officers for 1989. They are: president, Scotta Callister, The Keizertimes; vice president, Bob Brevoort, Salem Hospital; secretary, Patty Herrmann, The Word Station; and treasurer, Karla Momb, Keizer Travel. New board members are: Ted Anagnos, Edward D. Jones; Sandra Staats, Sandra Lynn Corp; Dave Guile, Keizer Elementary School; Kim Girouard, Agenda Today Soil and Water Conservation Society Conservation controversy discussions, 8:30 a.m., Black Angus Restaurant, 220 Commercial St. SE, Salem.

Information: 399-5746. Department ol Energy Oregon Energy Managers Forum, 8:30 a.m., Chu-maree Hotel, 3301 Market St. NE, Salem. Information: 378-4040. Salem Area Chamber of Commerce Greeters, 9 a.m., Romance Lingerie, Salem Centre.

Information: 581-1466. Courthouse Athletic Club Aero Trends! How stocks of Riedel Portland hazardous waste management company Salem (. I 1 I I He charged that some log exporters are buying state-owned timber to replace the privately harvested logs that they are shipping overseas. Some are cutting off the yellow paint marking federal logs and exporting them, mainly to Japan, China and Korea, DeFazio said. Exporting timber from federal forest lands is prohibited.

The result is the loss of 5,000 mill jobs and another 10,000 to 15,000 jobs indirectly linked to the mills that process Oregon logs, DeFazio said. "It's happening bit by bit, one mill shift at a time, one mill at a time, one community at a time," he said. Although he only has verbal commitments from Oregon Rep. Les AuCoin and Oregon Sen. Bob Packwood, DeFazio said he hopes that the entire Oregon congressional delegation will line up behind the bill.

Meanwhile, Dwyer's bill would keep exporters from buying timber from state lands and impose racketeering penalties on companies that ship state-harvested timber overseas. In 1987, Dwyer said 39 percent of state-harvested timber was exported. An attorney general's decision found that the Oregon Constitution allowed the export of state-harvested timber, but a voter-approved constitutional amendment would supersede that opinion. Efforts to regulate log exports also will be made through means that don't require congressional approval. Rep.

Carl Hosticka, D-Eugene, said the state now collects taxes on about one-third to one-half of what the exporter gets by selling the logs overseas. He said the House Revenue Committee will take steps this session to capture the full tax value of the logs. "It's the rape of a forest, but it's also a subsidy by the people of Oregon to the people exporting logs," he said. rise to slow the economy and stem inflation. By the end of the year, however, growth in the economy is expected to slow considerably, and the prime should come down, perhaps to lower than 10 percent, to once again stimulate growth.

If you're thinking about buying a house, this means that it might make sense to either buy early in the year or late in the year to catch mortgage rates at their lowest points. On the investment side, spring should be a good time to lock in high rates on certificates of deposit. Those rates have been rising steadily in recent months, but will fall quickly if other rates start sliding. Consumer prices have been inching up and should continue upward in 1989, with the inflation rate expected to reach 5 percent or slightly higher, up from 4.4 percent in 1988. Food prices are expected to be moderately higher.

Savvy shoppers may find more bargains, however. Retailers are expected to continue focusing on discount pricing and promotions in an extremely competitive marketplace. MARKET IN BRIEF NYSE issues consolidated trading January 26, 1989 Volume in shares 247,756,460 Issues traded 1,992 Up 960 Unchanged 520 Down 512 on Interest, inflation will get bigger bites on Page 5F. i Mariam Haugen R. Nell Haugen Keizer Veterinary; Jackie Thackery, Loren's Sanitation; and Marlene Wellin, Bob's Hamburgers.

Officers change roles at Western Bank COOS BAY A.W. "Bill" Sweet retired as chairman of the board of Western Bank, a post he has held since 1960. He will continue to serve as a director on the board. Georges C. St.

Laurent, the bank's president and chief executive officer, is the new chairman. Oregon tourism group names board members The Oregon Tourism Alliance, a consortium of 11 Northwest Oregon govern-emnts, has announced the appointment of four board members. They are: Betsy Johnson, president of Transwestern Helicopters; Ida Lane, a Tillamook County commissioner; Geoffrey Stone, a Port of Astoria commissioner; and Karen Whitman, president of Whitman Advertising and Public Relations. bics instructor seminar, tonight, continues Saturday. Information: 364-8463.

Marion-Polk-Yamhill Dental Society Continuing education seminar, 8:30 a.m., Chumaree Comfortel, 3301 Market St. NE, Salem. Informmation: 581-9353. The Statesman-Journal welcomes information from the Mid-Valley. Central Coast business community lor its Business People and Business Agenda columns.

Information must be typed and double-spaced. Photos ol featured individuals will be considered lor use but cannot be returned. Information and photos should be brought to the newspaper at 280 Church SI. NE or mailed to the Statesman-Journal, P.O. Box 13009.

Salem. Oregon 97309. Please mark the envelope for Business People or Business Agenda. local interest I ii i By Vanessa E. Langston Of the Statesman-Journal Jackie's Ribs plans to pour barbecue sauce on East Salem.

The barbecue ribs restaurant, which has locations in South Salem and Keizer, is opening a third restaurant in April near Lancaster Mall, according to Jackie Winters, the owner of the restaurants. Winters also plans to turn her 3-year-old business into a franchise operation, a move that one day could make it the McDonalds of barbecue pits. "Hopefully, if things go well, we'll be opening our first franchises later this year," she said. The new restaurant, being built construction at Cypress Street and Lancaster Drive NE, will become the prototype of the future franchises. Jackie's Ribs is a family-owned-and-operated business.

Winters and her husband, Ted, oversee production. Her sons, Anthony and Brian MacClane, manage the south Salem and Keizer restaurants. It was in her home that Winters developed the sweet, smoky, and sightly spicy sauce which covers hickory-smoked Factory orders up 6.4 percent WASHINGTON (AP) -Orders to factories for big-ticket durable goods rose at a robust 6.4 percent pace in December, the government announced Thursday in a report that analysts cited as evidence of growing economic strength. It was the biggest increase since an 8.7 percent rise last June, and brought demand for durable goods, or items expected to last three or more years, to $130.85 billion in December. beef, pork ribs, and chicken.

The formula apparently has been successful. Last year, Win-' ters said, the business had gross sales of $350,000, and the South Salem restaurant moved to larger quarters. The franchise plan is a way to share this success, she said. "We figure that during the first three years, we learned a lot about the business and about ourselves," she said. "Now that we've perfected our program and product, we're ready to package it and give other aspiring entrepreneurs a chance to have something of their own." Winters is working with the Madera Co.

of to set up financial packages that would allow franchise owners to start up for less than $15,000. "We want the franchise packages to be affordable so that we can bring in underprivileged individuals so they can make a living and become independent," she said. Winters said she would like to see 12 Jackie's Ribs open in Oregon within the next five years. The next market that Winters said she would like to sink her teeth into is Portland. for durables in December The figures reflected heavy demand in both civilian and military categories.

Non-electrical machinery was the only category to post a decline. Cynthia Latta, an economist with Data Resources Inc. in Lexington, said the report indicated that the economy should continue growing. But she said that although the economy was generally strong, a decline in machine orders was disturbing. to save, not spend nation's currency, the U.S.

dollar. They also don't seem concerned that the zlotys that they put into the bank will have lost value when withdrawn, because of inflation. Instead, they dream of pocketing the prizes and putting the money toward cars, apartments or educations abroad. The top prize of 50 million zlotys is worth $98,000 at the official exchange rate or $15,000 at the more relevant black market price. Tomorrow A 40-year-old piano store is going out of business, but not out of tune.

Gannett News Service Interest rates are rising, inflation is creeping up, and there's talk of a tax increase. Sound like a consumer nightmare for 1989? It could be worse. Although interest rates are expected to continue moving up during the first half of the year, economists expect them to roll back in the second half. And despite upticks in the nation's inflation rate, few expect a return to the rampant price increases of the late 1970s. Still, consumers can expect a few bumps in the road during 1989.

Chances are that you'll pay a little more interest if you borrow money and a little more cash at the grocery store. David Littmann, a senior economist with Manufacturers National Bank of Detroit, said the prime lending rate, which rose from 8.5 percent to 10.5 percent in 1988, could nudge up to 11.5 percent or even 12 percent by midyear. Mortgage rates, particularly the adjustable-rate variety, will move up as well. The Federal Reserve Board is intent on allowing interest rates to fared Lottery entices Poles $16T 15: -J WARSAW, Poland (AP) State bankers are resorting to a lottery to convince Poles to save their money rather than emptying stores of what little there is to buy. Savers are responding enthusiastically, jamming bank counters to pledge that they will keep 50,000 zlotys about a month's salary deposit for six to nine months in order to be eligible for cash prizes.

Few seem to care much about the lottery's anti-inflation goal, or whether their accounts will bolster the zloty in a beleaguered economy where almost every meaningful transaction is carried out in another Stocks Bid Albertson's 4C'4 Ben). Franklin 4ft Bohemia Inc 17 Boise Cascade 41V4 Coachmen Ind 8 Costco 17 Dayton-Hudson 42H Epitope 8 Fabncland 11ft Flight Dynamics 1516 Floatingpoint 3' Fred Meyer 16 Hewlett-Packard 57 Intel 25 Int'l Yogurt Co 3 James River 30 KeyCorp 20ft Longview Fibre 69ft Mentor Graphics 29 Microsoft 54 Morrison-Knudsen 38ft NIKE 30 Nordstrom 32 NW Nat Gas 21 Oregon Steel 21ft Oremet 13 Ask 40'? 4V, 17 42 94 17' 42'4 8ft 11 1 3 17 57 25 't 3H 30' 21 70ft 29 54ft 38ft 3d 32 21 21t 13ft PACCAR 43 44 PacifiCorp 34 34' Pacific First 15ft 15 Pacific Telecom 16 16 Pope Talbot 20 20ft Port GC 21 22ft Precision Cast 28 28ft Renaissance 2 2 Riedel 13ft 13ft SAFECO 27 27ft Sequent 22 23 Tektronix 21ft 22 Teledyne 344 344ft Timberline 6 6ft T.J. Int 24 24 United Savings 9 10 Univar 25 25ft U.S. Bancorp 25 25 View-Master 4ft 4 Wash. Energy 15ft 15H Western 11 12 Weyerhaeuser 26ft 26 Willamette Ind 45 45 WTD Industries 7 7ft Courtesy of Shearson lehmanAmerican Express NYSE Index 163.60 Up 1.27 Composite 291.69 Up 2.55 10J Week's close for past 12 weeks Exchange: OTC Dow Jones Industrials 2,291.07 Up 25.18.