The Salina Journal from Salina, Kansas on October 11, 1996 · Page 4
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The Salina Journal from Salina, Kansas · Page 4

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Friday, October 11, 1996
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A4 FRIDAY, OCTOBER 11, 1996 Money THE SALINA JOURNAL V HEALTH COSTS Businesses aim to cut maternity costs Study: Big businesses are offering incentives to pregnant employees to lower health costs By PAUL HELDMAN Bloomberg Business News WASHINGTON — Some large businesses are lowering their maternity-care costs by providing incentives for pregnant women to get prenatal care, a business-sponsored study says. Almost 150 million Americans get their health coverage through employers, and childbirth-related claims are the largest health cost for many businesses. While the cost of a normal delivery of a healthy baby is about $6,400, birth of an unhealthy baby can run from $20,000 to more than $1 million, according to the report released by the Washington Business Group on Health, the nonprofit group representing Fortune 500 companies. The study looked at the efforts of seven big businesses and one Texas group of companies to lower maternity health costs, including Haggar Clothing Co., Honeywell Inc., First Chicago NBD Corp., and Kellogg Co. The basic idea is that prenatal care can prevent problems and reduce health care costs after a baby is born. Companies in the study have started initiatives that include on-site obstetrician/gynecologist care, prenatal education classes, home visits after birth and services to encourage and make it easier for working women to breast feed, the study said. They have also used incentives such as offers of cash and baby car seats to encourage healthy behavior by pregnant women, including prenatal care and education. "Companies have a vested interest in improving maternal and child health at the workplace and in the community," said Mary Jane England, president of the Washington Business Group on Health. The report issued Thursday comes just two weeks after President Bill Clinton signed legislation opposed by many businesses that will require maternity-stay coverage to pay for at least 48 hours of hospitalization for moms and newborns. The law is supported by doctor and consumer groups that argue managed-care health plans have threatened the well-being of mothers and infants by forcing them out of the hospital 24 hours or less after delivery. Businesses and insurers see the law, which won't take effect until 1998, as a government mandate that could raise health costs while doing little to improve the quality of care for moms and children. Miriam Jacobson, the lead author of the study, says many employers feel the new law's focus is "kind of missing the point." "They think good maternity care has to be comprehensive and involves a lot more than the number of hours in the hospital," she said. Haggar, the Dallas, Texas-based clothing maker, has reduced its maternity bill by cutting employee out-of-pocket costs for prenatal care, offering prenatal education and aggressively working to get women to enroll in the classes. The company has eliminated employee co- payments for doctor visits, prenatal vitamins, and delivery fees. Before doing so, women covered by Haggar, many of whom have low family incomes, would go to the doctor to confirm their pregnancy and be slapped with a $500 co- payment. "Thus most of the pregnant women could not afford the upfront payment and would not return to their doctor until ready to deliver," the report says. NEW YORK STOCK EXCHANGE ADT AGCOs AMR AT&T s Aamess AblLab AberRn AFPProv AMD Aetna Inc AirProd AirTouch AirTch pIB Albertsn Alcan Alcatel AlcoSt a ANegTeldy Allegnc n t% + % + % + % Allstate Allwaste Alumax Alcoa Alza AmaxG AmerOn s ABrand AmExp AHome s AmlntG AmMdRs AWste Ameritch Amoco AMP Amphnl Amre Analogs Anheus s AnnTayl Apache ApplMg Apria ArchDan ArdenRIt n Argentar Asarco Augat AutoDls AutoZone BCEg BakrHu BallyEnt BancOne BkNYs BankAm BankTr BnkT ptR BamNbl Bamett s BarnckG BatlMt BauschL Baxter BayNlwk s BellAtl BellSo BeloAH BenetCp BerkHaA BerkHBn BestBuy BethStl Bevriy BIckHR Boeing Bombay BostEd Brinker BrMySq BritPt BritSU BrwnFr BurlNSF BrIRsc CSXs CUC Intl CWMMt Cabletm Cadence s Calenergy - CallGolf CmpR g , CampSp , CdnPc g .. CamvCp 1 Caterp CenSoWst CenHud Chmpln ChaseM Chevron Chiquta Chryslr s Chubb s Circus Ctocorp ClairStr s CocaCIs Colemn s Coltec ColHCA Comeric CPsyc CmpUSA s Compaq CmpAsc s Cmplvsn Comsat ConAgr Conrall Conseco & ConEd CnStor CIIAir B s Cooper Coopr99 n CooprTr Olv. PE Vol. Uit Chg. • A • A 20 6258 19% +'A .0410 3637 25'A +* 1811250 85%+2% 1.32 47987 38V4 —% .202314600 51%—1% .9621x7082 48'A —% 2196 23% +% 1.21e 5324 23* 43 6039 15'A +% .60 17 10997 66'A —'A •1.1 18 2352 60% 8030940 26'A 1.74 2620 27'A .6022 4262 43 .601710784 30% .316 5075 17% .5629 3673 47% t% 4784 23% 14093 18% +% .9019 5584 64% +% .8512 7060 52% +% 4037 454 + '/, 9 3997 31% +% .9031912243 58%+2'A 28 5194 27% —% 3195 5% —% 9221781 25Y4—1 2.016 4428 47% .90 14 5274 46% —% 1.64(32 8117 62% —'A .4018 3714102%—1% 40 6418 29%—1'A 7 2561 2tt 2.12 16 5585 55*4 — % 2.617 4615 72% —* 1.019 3586 39% +% 15 3120 21% +% 18575 10%—1V4 21 4211 27% .96 18 3147 38% —% 8155 19'A .2848 5111 32 —% 1711142 2iy4 + 1% 2562 18y4 —% JOb 1611440 20% + % 2254 22% +% 1.08e 6502 21 —% .80 5 3814 25 + % .165811937 25% —% .4028 2667 43% +% 25 7963 27'A +% • B • B 2.72 4609 43 —% .4630 8508 32 —% 25 2464 28 +% 1.36b13 3995 40% —% .88 12 6474 29% —% 85% —'A 81 —'A 21'A +% 33% + 'A 35y4 +% 26'A + % .05 5412 7% +% 1.0419 3119 37% —y ( 1J1b18 5719 45 —% 2324358 23* +% 8179 59'A —% 7842 37% —% .4420 6201 35 Vi + X 2.08)12 632 57% —% 17 z 50 31900 71061 —3 22 3946 21 +% 10 2510 10% —% 27% +% 5% +% 3.02610887 98% +H 1.93s 5 2427 29% + % .6818 4581 27% + V, .5590 2948 45% —% - C • C • OTHER INDEXES . CHANGE:-8.95 HIGH: 5,930.99 LOW: 5,904.90 Stock data by The Associated Press Call COMMUNITY line •:M.-giWiI.l STANDARD & POOR'S 500 INDEX STANDARD & POOR'S INDUSTRIALS NEW YORK STOCK EXCHANGE OVER-THE-COUNTER EXCHANGE AMERICAN STOCK EXCHANGE VOLUME 694.61 820.82 370.35 1236.97 '579.99 -2,13 -2.06 -1.00 -1.01 -0.11 STOCK QUOTE / Category 9000 FINANCIALS / Category 7500 NYSE 4 P.M. REVISED VOLUME NYSE AFTER-HOURS VOLUME NYSE CQNS0LIDATED VOLUME TOTAL CONSOLIDATED ISSUES TRADED ISSUES HIGHER IN PRICED ISSUES LOWER IN PRICE ISSUES UNCHANGED 394,954,600 425,400 476,438,580' 3,242 1,093 1,261 888 1 0 MOST ACTIVE STOCKS NEW YORK STOCK EXCHANGE 'AMERICAN STOCK EXCHANGE OVER-THE-COUNTER Name Gulfstrm n TlmeWa AT&Ts MicmT Lucentn LSI Log Oakley EElChile BostEd Motorola Volume Last Chg. 116443 25 V, 41% + % 38% — % 31'A —1% 48 + y4 25% — % 37% —7% 19% 22 — % 48% — % 85531 47987 45151 44401 40814 39028 X38771 37762 36825 Name BC-QB439 SPDR CheySotl CanyonRs 1 0- Volume Last Chg. 10-BCON-FINA 15622 69 29-64 — 9-64 10206 3 0 % + % 15-16+3-16 13-16+3-16 3 8 % — % 5769 2 4624 6 4527 GelmScI Harken 4108 4086 2 1 5 9 -.1 6 Name Sunglss s Atmel MarinerH TeleComA Intel DSC ReadRt Cirrus Trustlnf n Volume Last Chg. 16302793-16—45-16 146234309-64—3 6J« 1058477%—5 15-16 86968 13% — % 64092 99'A —1 74959 60 +6% 60864169-16+15-16 49262 19'A +1% 46934 23% +1% 46124 1 7 % SclAII Scorn Seagate Seagram Sears SecCapTr SvceCp s SignetB SilcnGph v|Slzzler Smlthln SmlhBc SnyderC n ScuthnCo SwstAIrl Sprint StrlCmc n SterlSft s SloneC StorTch SunCo SunHltcr Sunamer s Sunbeam SunMn n ?'° 3 CoramH Core|n Comingln CntwCrd CoxCm Crane CrescRE CrilmiMa C yP Sems DTE Darden DaytHud s DeanFd DWDsc Deere s DeltaAIr Dlaln DiaShm Digital Dlllard Dleney DollarGns DomRes DowCh DuPont DulPUtll DunBrd n < n, i«fi? JOTR 9iw Ivt 1? ,™ i\,, ,, ,n ,?;, J2,i ~ v .2422 2534 2220 1.3824 9816 .48 4396 .44(17 2362 1.612 7159 1.7412 2360 2.1210 2211 .2012 3925 2.241611224 2.16(19 7098 34y< + % 1% 31 % + % 25% +% 29% —% 43% +% 81 65% EAInds EMC EastChm EKodak Edisonlnl Edwards EDS ElfAquit EmrsEI EmpDIst EElChile 12 1.0812 4199 27 7978 1.812 7622 .0824 4242 .503820744 17 5544 .1218 4679 1.5614 2598 6 5795 21 35208 .0415 7257 .7839 2693 + % —% + % + % 47% —54 91% —% 20% t% 49 —V4 15y4 55% — % 51% —% 8% —% 58% t % 69% t% Enron Enron98 n EnmOG EnsExp Equlfax s FPLGp FdHmLn 2504 4% +% Fmtrlns .2411 121 14% +% .7232 4260 39% + % GATX .3212x5346 26% —% GTE 3056 17'A —% Gabelll .7517 2398 45 Gaps 2.44(32 5053 41'A +% GenElec 1.213 3940 11% +% Genlnst 9 7855 12% GnMotr .60 3119 22% GMH -D-D - Genesis s 2.0610 3229 28% —% GnvStl .0812 2794 8% —% GenuPrt ,641*13138 31'A+ 1% GaPac .76 4633 29'A + % Gillette .8811 2768 57 H — % GlaxoWel .8014 7386 41% —% GlobM .2053 8276 69% + 1 Goodyear .32 3600 13% —% GrdCasns .5626 4040 30% GtLkCh 6405 34% +% GtWFn .16(13 3259 32%—% GtWFplA .44 26 6792 63 ! A + % GreenTR s .40 8293 38% + % Gucci n .2031 3469 33','.+ 1% Guidant 2.5814 2273 37% —% Gulfstrm n .76 2356 31'A —% 3.0 10 2220 79H —% HFS s .9618 3934 34% —% Halbtn 2.281610877 95 +1% Hansons .72 3639 8% +'A HarleyD 1.00m 79 3718 59%— 1% HarrahE 1.1634 5779 65—39*1 Hltlmg • E • E - HltMgt s 2287 2 Hlthsrc s 1915282 24y4 +% HHhsth 1.761 9 2481 54% • HeclaM 1.619 4360 75% —% Heinz 1.01111524 18% —% Herculs .84 9 1588 28'A —% HitgMdas 25 6805 27%—1% HewlPks .6071 4030 60 +% Hilton s 1.26e20 3118 39% +% Holing pIP "- HmeDep Hmstke HrzHIt Horsh HostMar Houlnds Humana Hyp2005 IBPs IMC Ok) s nrcpn ITTIndsn IlllnCtrs INCO Inc0p2 FedrDS RlaHoM FIBkSy FChiNBD FstData .25(12 3628 49% —% 2.0810 2383 28 S A +% 40 2201 41% —% 4 9925 23 H t 'A o, 3016 259 20% % FleetFnc Flemng FlelBId n FoundH FrMeyer FMCGA FMCG pf FresenMn FronUCp i —% 1.2818 67 18'A 1.366 X38771 19% 19 2253 15% .3619 3463 19 —% .90118 4150 40% —H 1.36 X2981 22%—1% .1228x5637 24 —1% 2495 9% +% 1.816 3470 26% -% .3327 2338 29% +% .0893 272 24% 3.161814327 85'A —% - F - F- 1.84 14 4242 44% — V, 1.416 3973 98%—3 .48 2947 23'A +% .761720495 35% —H 21 9397 33% +% .29632 4521 91%+ 1% 1.6514 2761 65% 1.44 13 4963 45% —% .16137 2899 85% + H 1.5215 2236 48% —% 1.7212 8642 47% +% .0834 793 17% 6783 24% +% 1.5411 13468 31% 12 4057 33% —% 23 3682 3354 +% .9038x7961 29 + 54 1.75 X7499 30 + % 25804 24% .8517x3292 26% +% IngerRd InldStt IntgHS IBM IntGame IntPap IntRects Intlmte n JLGs JohnJns Kmart KNEngy KanPlpSn KCtyPL Kellogg .52b14 2406 3654—1'A • G -G- 1.72 12 2158 47% —% 1.881511162 39% —% 1.006 3154 9'/4 .301929712 28'/4 + 1% 1.842213888 92 -'A 41 7924 25% 1.60 813979 49'A — H .961813981 54 —1 20 6876 24%—1% 2481 4 —% 1.34 17 4150 43% —% 2.012 4330 77%—1% .723610264 72% —'A 1.15823 6007 30% + % 44 4556 16% —% 1.011 6354 44 —% 911061 17% +% .60 12 2337 52% —% 1.013 3764 27% —% 2.07 X5785 25% +% .2520 3641 40% — % .30p 2485 72 .0329 4009 4954—1% 116443 25% -H-H- 82 6537 76%—1% 1.033 9210 55% +% 1.16e419805 6%—% .24126 3803 44%+1% 24 2528 17% —% .12120 2825 14 +% 31 2910 22% + % 17 3598 12% —% 31 9164 37% —H 2414 6% +% 1.16(19 5155 33% —% .92 18 2789 53% — % 2030247 15 —54 .481826490 44'A—1 .3030 8212 28% +% .95 X3897 11% .243314851 57% + y ( .206323703 14% 1111329 11% —% .0736 6953 16% 3145 15% —% 1.515 6587 22'A 18 9301 20 — H .65 2385 7% .10 8 2172 24 + % .3225 5631 38% +% 6529 42% +% .60 414154 23% —% .8016 3246 30 .4017 2425 29% .50 2494 8% —% 2312 7% t% .82115 3387 44'A —% .20 9 2796 16% —% .0210 5671 25%—1% 1.42122485127% + 1% .1229 4986 22% +% 1.021 7244 42% +% 10 8256 13% —% .4819 5066 1854 + 1% • J • J • .0217 3054 16% —% .7625 8111 50'A —% • K • K • 24039 10% 1.0418 176 35% 2.40(12 165 28'/4 +% 1.62113 978 28% —% Kellwood Kennmtl KentEl s Keycorp KlmbClk KBAust rt Kroger LSI Log LTV LaQulnta s Lalarge LaidlwB LearCorp LeggPlatt Lexmrkn LiltyEli s Umltd UvngCtr LlzClab LockhdM Loewon LILCo Lowes LucasVn Lucentn MBNAs MBNAplB MEMC MIN ManorCr Manpwl MAPCOs MartMMwl Marvel Masco Mattel s MayDS McDerl McDnlds MedPart Medtronic MellonBk Melville Merck MercFn s MerrLyn MtamT MidOcn MAWste MlllenCh n Mlllipore .MMM MlrRsrt s Mobil Monsans MS India Morgan Morlonlnt Mosslmon Motorola MusicLd Mylan NGCCp Nalco NtSeml NatnsBk NelmM NelsnT NewbNk Newell NewmlM NewsCorp .6014 38 18 —% NlaMP .6013 2517 34 + U NlkeB 18 3602 24% —% Nokia 1.5212 4709 44 —% NfikSo 1.8415 3540 85% +% NoestUt 4845 5-16—1-32 NorTel 18 1297 45% —% Norwest • L - L • NovaCre 1540814 25% —% NuvMu .1210 2382 11% —% Nynex .07 4017 2054—1 .4010 9317 18% Oakley .1622 2471 11% +% OcciPet 17 2760 35%+ 1% Oceaner .48119 3094 29% —% OflcDpt 3310221 20 7 A + 1% Ogden 1.3716 6075 65% — % OhioEd .402318301 19 Olin 12 7132 23% —% Olsten s .4521 3117 38% +% OlymFn 1.616 7859 9254 +% Oryx ,10 2336 3854 OwenC 1.78 8 3167 18% —% PECO PNC PacGE PacTel PacllCp ParkDrl TJX TVXGId Talbots Tandem Tandy TelBrasI n TelArg TelMex TenetHIt Tennco Terdyn Texaco Texlnst Thorind ThreeFS 360 Com n ThriflyPn TimeWa ToyRU Travelrs s Travl p(A TrisrcA Trump Tycolnt s TycoToy UALs USWest s USWMn .. Synes " """?' u "" co rn .2029 6937 42% —% 3318 3854 +% .30 44401 48 +% • M - M .6421 2826 34% +% ,11p 48232421-32 + 1-32 ParkHan 6 2601 22% Penney .59 X3163 7 ' +% - .0930 2172 40%—1 .1418 5690 30 +% .6018 2395 30% +% 9439 21% • 11134 5% .80123 3039 29% —% .24 19 12071 24% —% 1.16(17 9223 4754 + 1% 1.00 8100 1654 .302213434 45% —% 2949 24'A —% .3832 5383 63% +% 2.4 13 3266 62% —% ,44b 31 23607 44% +% 1.60(2413584 69% —54 .3017 5908 12% —% 1.210 3164 68% —54 .201145151 31%—1% 1.65 9 3067 46%+ 1 702815-16—1-16 RFSHtl 8857 22% —% RJRNab .3618 5460 38 —1 RJRpIC 1.96(22 3447 70% +% Raythns 2511332 24'A —% Reebok 4.015 6341116%—194 .602926223 41% +% 2381 8% +'/4 3.2411 6742 8554 —% .60(18 9325 41 +1% 7378 23 —3% .482236825 48% —% 6098 1% —% .1619 4162 15% t-Vt • N - N .0526 4258 17 t'A 1.018 2297 35% —% 6158 1911—1 2.3212 3443 67% —'A 28 2282 35% + % .16 3192 10 + Vi 2652 69% + 1% .5621 5582 30% —% .4879 4410 48'A +54 .09617 3629 22 +% „.„.„„ JJ^v" *™* T ° n PepBoy PepsiCo i Pfizer PharUpj n PhelpD PhilMr PhlllpiEl PilgAPr PlacerD PlaytxPd Praxair PrmHsp ProctGm Projon PSvCol PSEG QuakrOal OuakSC Revco ReyMtl RhnPI RPR RlleAld Rockwl Rowan RoylD SBC Com Safeway s SaksHold n SallleM SAnitRt SFePGId SantF pit) SanlF prE SviLM SchrPI Schlmb J™. n . ( J i ™AOas 1.68(21 3046 66% +% NewsCppI .23e 10014 18% +% Schwab 7 9465 8% .6029 4465120%—! .636 11040 44% —% 2.2418 2490 90% —% 1.00m 6 9326 10%—1 .5230 2428 61'A +% 1.0814 3211 42% 22 3066 8% —% .61 X2606 9% +% 2.361711807 43 —1 - 0 • flag 39028 37%—7% 1.020 9050 24% —% 31 2209 17% +% 2614225 22% +% 1.2549 4069 18% —% 1.510 2479 20% —% 2.415 3059 88%+4% .28 15 2924 23% — % 14 6685 22% —% 11 3326 18% —% .25 6 4293 36% + % .p.p. 1.7410 2696 24% —% 1.48(12X4357 34 +% 1.961017227 22% +% *.™ ul 1.26 13 4774 33%—3-32 voaalon8 1.0612 3950 21% 68 3084 6% .7211 2382 36% -% 2.0816 8401 5354+1% .2125 3340 37% +% .462629764 26% + % 1.230 8646 81 +% 1.0844 8728 41% —% 2.00 6 2420 62% + % 4.80(1313520 93% +% .99e 2070 37% —% .82 2583 954 .30 7256 24% +% 23 2594 85i +% .3830 2439 44% —% 26 9089 16% +% 1.622 9919 95%—1% 2210 30% +% 2.112 3530 35% 2.1610 2874 26% —% •Q-Q- 1.1448 4170 36% +% .4022 2222 18% +% - R - H • 1.44112 2594 15% — % 1.8513 5772 27% +% .60'' 3901 5% .801417127 46% +% .3017 3582 32% —% 24 2227 29% t% 1.414 2947 52%+ 1% .68618 4897 27% —% 1.2825 7091 70%—3% .7419 3097 35% +% 1.1615 2546 55% —% 77 3048 20 —% 5.78e19 2323161%—1 •S-S- 1.721411026 47% — % 24 5860 42% —% 7236 37 +1% 1.612 3729 79%—2% .8041 2648 20% —% .2057 4804 12% +% 2.19 38142551-64 + 11-84 2.11 4619 25% .7619 4375 35% —% 1.3220 4686 62 — H 1.531 4405 88% —% .20(20 7199 23 —% .06 5745 18% + % 14016 39% 2622934 64%+ 1% .60 7556 35% —% .921811763 48'/4 +% 1.0131 3870 18 —% .2429x2402 29% —% .6016 2468 27 —% 3510409 22% +% 3949 3% +% 28 3284 36 +% 1.42r30 3770 62% —% 2282 23 +54 1.261310730 21'A —% .041512293 22% +% 1.014 5998 39% —% 5510 31 + % 10 6722 30% —% .60 7 3995 15% + % 4022 41% +% 1.057 7125 25%+ 1 7 6575 12 —% .3021 3986 38%+ 1% .0460 7334 24« +% 23 2311 1% .40 17 8595 15% —% •T -T- .283013667 39+2 73 2819 7% +% .36 16 2849 28% —% 4078 11% —% .8017 4244 39% + 44 1.56p 4500 79 —% 1.03620 4920 26 —% .926 8829 32% —% 15 5927 21'/4 +% 1,80 8 2703 4854 +% 9 7557 18 +% 3.40117 5285 96% —% .681313402 55%—2% .1213 182 2454 +% 2415 12% +% 73 2775 23% -% 5234 18% —% .36 85531 41% +% 4813989 31% +% .601210132 50% —% 2.03 2995 25% 188 11% —% 5844 20%—1% .2022 4275 44% —% 1894 554 • U - U 815237 45%+ 1%. 2.1413 5868 31% —% 96 4610 17% +% ' 27 2429 32% +% .2010 3391 18% —% .6693 2286 22% —% 1.011 2136 28 —% 1.60 B 3638 25% —% .75 9 4965 43% —% 1.72 16 4560 72% -54 3805 28% —% 11620 7% +% KB 45% -% 175 36% —% !70 27% —% «i sou u ,;J! S?/? T/J 20% — Vt + % WitgEI WhfTech Williams WlllCor WlnDlxs 2677 •W-W- .281 5591 .642212822 .212226740 27 .4425 2603 37 1.3821 4207 63V 15 2663 28V .3210 5037 16V .2421 2575 22 31 8551 83% —% 22 8921 44% + 1H 129 29% —% 116 1854 -% 938 50% —% + % 9% + 1V4 + H + '/4 ! -% I —% I —% 1.3617 .84617 .9820x2517 33'A 1.5213 2280 2654 —% V BUSINESS MERGER Wolwth Xerox s YPFSoc ZenithE on u. 65.% -' • Y • Y • .8011 5547 24 -Z -Z- 7612 1554 +% +/t - ,.,!» extra or extras b - uraal dMdend i paid after a slock dMdend «split | - paid this year, dividend omitted, deterred or no acton taken at last dividend meeting, k - declared«paid tWs year, an as- cumulative Issue *il)i dwktols In aneais. n - Issued OVER-THE-COUNTER EXCHANGE AMEX Ntme ADC Tel Abacan n AlnSem Altera APortTel n Amgen Appl»C ApplSou ApldMat Araxls Ascend Atmel Blogen BloTcG BoalBnc Borlnd BostChk BrodSfl BuinObj s ButlrUI C-CUBE I CascCm 6 ChtOneF ChlPza wl Cirrus Cisco s CIIIDr Olv. PE Vol. Lul Chg. 54 11162 67 — 1% 12394729-32 + 5-32 10824 8% + % 2574959 60 +6% 11787 9% +'A 2814932 61 H — % 24705 24 3-16 + 1 3-16 .0341 9865 12 + % 845621 29% t 'A 2974341-16+11-32 32399 64%— 1 'A 18146234309-64-363-64 8914876 79% +2% 41 11475 7 +9-16 1.68117 3518 66% — % 2841 9% +% 39 10368 33 —1 1511533 26% + 2tt 29188 16% + 1% .48111 11 31% +2 3727750 46'A-1H 18220 86% +tt .9263816076 42% + 1 15354 1 — H 48934 23% + 1% 4741719 85 +H 1911516 34% Come sp CptConc ConcCm Cyrix Cp DSC DellCpt » Duckwall ElcArt EmplySI s EncTel Exabyte Faitenl ForeSys s GlxyFd Gargoyls n Gate2000 Glenayr « Qymbree HBOl HCIA HollyPd InFocu Inacom Informx Intel Intel wt Iomega B Jabll .09 15241 14% — % 1263621-32-^1-16 1003227-18—1-32 16024 17 + 1 7-16 16 60864 16 9-16 +15-16 2436973 61 —3% 10 1241 13% + % 5016022 36% + 1 65 9498 18% — % .26e 16575 26%— 3-16 16675 13%— 1 .0261 829 48 M 13230 37%— 2% 137221 17-32 + 7-32 13843 15%— 4 18 948647%— 15-16 1613602 20% *% 2713787 30% + 1% .08 10252 65% — % 14849 28%— 1% 38.786 8-16 + 5-32 11 13728 18W+5H 2410049 33H+3U 3726902 26'A -% .202484092 99'A— 1 25724 61% — % 8232159 23% +% 1814041 24% + 1 'A KlttyHk n Lasertech LnsSStk MCI MFS Cm s MgtTech MarinerH Medaph MtuAIr Microsoft MlndSpr n NsihF Nellcor s Netscpe OakTch s Oracle s OxIdHIt t PaglnyN PalrTch t ParmTch 9 PrlceCst Proxlm Quadrmd n ReadRI Replnd 8 RossSIr S3 Inc SCI Sys 21725 13% 9983 1% + 5-t6 22 8660 29 16-1 6— 15-16 .052830762 25 'A — % 10256 44% — % 26087 3-16 101058477%— 515-16 3824565 16 +1 761 9% 3932337133% -% 12745 8% — % .72111 57 17% +% 41879 18%— 1% 18763 40 t % 1312278 11% + 1% 4526799 44'A +% 4823573 45%— 2 12947 18H -» 89 12867 70%— 4 5211230 62% — % 1818190 21% +% 3911336 21%— 1% 32697 12% 1449282 19'A + 1% 9780 27 « — % .281610263 38% + 3% 2827693 22% + 1% 2212118 59% t % SierraSem SovBcp Staples Starbcks i SubOstm n SunMic s Sunglss > SupConsI n Sybase TeleComA Tellabs inrmicn 30om TrldMIc Trustlnf n Tyion IIUR En UMP rn US Robt t USSatB n UnviOut n ValuJet t Vlaioft s Westell a WoridCm « Xlllnx Xircom Zltel 6413081 14% + 7-16 .08b1t 11224 11H +% 4219207 21% t% 7815142 36% + 1 26901 13V4 27 43871 66 + % 1516302793-16—45-16 26121 21% 21506 17'A +K 86968 13% — % 48 15369 79 13765 11-16 58 20470 07 + 1 /fc 13 1 1061 17'A + % 46124 17 'A 19 41 144*1 07 7A • 1« 41 14«* ft n Rflh 14 1 40 Vi A 1 •9VD Iv 1 4V '4 T 1 3512686 70 H— 1% 37826 17 -2 31349 37 -% 1411245947-84—21-64 9504 S4%+6% 27392 26% +2 40869 21% 2221583 35%— 2 22621 21 +2 'A 7138396 37% + 1 Nimi ARC AlrWat AlplnGr Amdhl Ampex n Audvox BemaGold CdnOc g i CanyonRs CentennT CheySofl • DakotaM DaytonMn DevnE Oucom EchoSay FAusPr ForslLb QST Tele QaylCn QelmScI GldStarR GreyLne Han wlB Harken Dlv. PE Vol. Lilt Chg. 7182241-16—1-16 1327 6%— 1-16 27343479-18 + 3-16 2247 10 +3-16 15 2498 6'A — % 35 1467 654 +% 1326 7%— 1-16 .30 2646 17 'A — % 6769215-16 + 3-16 84 1471 55% + 6% 43 10206 30% + % 142723-16 +% 1275 6% + 'A .1225 2942 26'A + % 15 1221 18'A +% .08 4624813-16 + 3-16 .84 2325 8W-1-16 21 1939 38'A + % 1496 11% +% 6 2767 7 11-16 + 5-16 54 4182 29 +3 2391 19'A +2 2747 3% + 1-16 2582 1-32 408629-16 Hitbro Hearx n ICG Com IntegTc wt InlerDIg IvaxCp JTS Corp MagnPet Nabors NY Times OmnlMul! PLC Sys PaxsnC PegGId RoyalO g .4011 2611 38H +% 3560 2% — % 1768 19V4 +K 1130 % + M8 1734 7% .10121 4108 15 — % 1909 4 -% 159251-16 22 3099 15% -% .5623 1341 34 — % 135525-16-1-16 1740 24% + 1% 177693-16 + 5-16 1749 10% 1711 354 + 1-16 SPDR U7e 156226929-64-9-64 TelDta TexBlolch TexMer TotlPel TWA TurnB B USBIoscI 8 VlacB WlrelgsT i XCL Ltd .40 16 4627 38H -« 283841-18 + 3-18 52 2652 16 .30 51 1014 t'A 3178 8'A + % .07 3203 30 'A I % 99 1198 11 'A 3628 36% — % .1630 2208 10% +% 8538 % Time Warner, TBS complete merger Time Warner official: 'We are now one team and one family' By MARC RICE Tlie Associated Press NEW YORK — Bringing many of the biggest properties — and egos — in media together under one roof Thursday, Time Warner and Turner Broadcasting System completed their $7.57 billion merger. Time Warner Inc., regaining the title of the world's largest media and entertainment company, now adds such familiar names as Fred Flintstone, Ted Turner, CNN and the Atlanta Braves to an already formidable stable that includes Bugs Bunny, HBO and Time magazine. The deal was announced in September 1995, winning approval after a tough antitrust review by the Federal Trade Commission, a lawsuit from entertainment partner U S West Inc. and widespread doubt over Ted Turner's ability to accept a No. 2 role. In separate meetings in New York, shareholders of the two companies voted overwhelmingly to approve the merger. Turner Broadcasting shareholders voted 99.75 percent in favor; Time Warner stockholders 98.23 percent in favor. "This is the company that I've always dreamed of and we are now here, complete, one team and one family," Time Warner chairman Gerald Levin said. Turner, who was founder and chairman of Atlanta-based Turner Broadcasting and now becomes vice chairman and the largest single shareholder of the merged company, said: "Considering the difficulties we had with this merger ... it was quite a job to get it completed." The merger sent Time Warner stock up 25 cents a share to close at $41.37% on the New York Stock Exchange. The deal was concluded after the close of trading. It should take about a year, to actually combine the numerous, and in some cases overlap- < ping, divisions of the two com- • panies. Time Warner has not; said how many people will lose; their jobs, but estimates have run as high as 1,200. "One of the first things is going to be fairly significant lay- •; offs from Turner," said Larry ; Gerbrandt, an analyst at Paul Kagan Associates Inc., a media research firm. He predicted a "painful transition." Time Warner and Turner Broadcasting differ in thefr corporate culture and personality, a contrast reflected in the reserved but ambitious Levijv and the loose-lipped, risk-loy-' ing Turner. MARKETS KEY RATES Dally key rates from The New York Times Previous Thursday Day PRIME RATE ' 6.25 8.25 DISCOUNT RATE 5.00 5.00 FEDERAL FUNDS(x) 5.31 5.43 3-MO. TREAS. BILLS 5.00 4.97 6-MO. TREAS. BILLS 5.13 5.08 10-YR. TREAS. NOTES 6.60 6.54 30-YR. TREAS. BONDS 6.88 6.83 TELEPHONE BONDS 7.68 7.86 MUNICIPAL BONDS(XX) 5.89 5.84 (x) Estimated dally average, source Telerate (xx) Municipal Bond Index, The Bond Buyer Salomon Brothers and Telerate for Treasury wether bonds, notes and bills. Year Ago 8.75 5.25 5.80 5.29 5.32 6.03 6.39 7.35 5.95 bell- LOCAL GRAINS cattle. Sales FOB feedlot net weights after 4 percent shrink. Slaughter steers: select and choice 2-3 1150-1275 Ib 71.00, few 1225-1250 Ib Including Brahma cross 70.50; pen select and choice 2-3 1350 Ib dressed basis 113.50. Slaughter heifers: select and choice 2-31020-1150 Ib 71.00; few mixed commercial to chlce 1000 Ib heifers and helferettes 70.00. OMAHA LIVESTOCK Market quotations Thursday: Hogs: 800; barrows and gilts .25 to .50 higher; U.S. 1- 3s 230-260 Ibs. 59.00-59.25; sows uneven, steady to 2.00 lower; 350-650 Ibs. 47.00-61.00 Cattle and Calves: None Sheep: None CHICAGO LIVESTOCK Thursday, October 10 Wheat Scoular, Sallna $4.51 Carglll, Sallna $4.51 Continental, Sallna $4.54 Farmway, Belolt $4.22 DeBruce, Clay Ctr. $4.25 Cooper, Colby $4.21 Midland, Hays $4.25 Decatur, Oberlln $4.13 Agco, Russell $4.24 Farmers, Stockton $4.17 Corn Mllo Beans — $4.64 — — $4.73 $7.13 — $4.75 — $2.64 $4.18 $6.78 $2.62 $4.34 $6.83 $2.69 $4.05 $6.55 — $4.20 — $2.65 $3.93 $6.70 — $4.12 — $2.49 $4.11 — CHICAGO GRAINS Futures trading Thursday on the Chicago Board of Trade: .5,000 Open High Low Settle Chg. Dec Mar May Jul Sep Dec Jul Dec Mar May Jul Sep Dec Mar Jul Dec Mar May Jul 'Sep Dec Nov Jan Mar May Jul Aug Sep Nov bu minimum;" dollars WHEAT 4.26% 4.22% 4.16% 4.12 3.96% 3.78 3.80 3.86 par bushel 4.27% 4.16 3.94 3.77 3.76% 3". 8 6 3.93 3.73% 3.76% 3.88 2.93% 3.00% 3.06 3.09 2.93% 2.90% 2.95 3.01 1.81 1.86% 1,87% 1.89% CORN 2.94 2.89% 3.00% 2.96% 3.06 3.01% 3.09% 3:06% 2.93% 2.90 2.90% 2.85% 2.85 2.92% 3.02 3.00 OATS 1.81% 1.75% 1.66% 1.81 1.90% 1.86'/4 1.89% 1.88 7. 7,45% 7.46V4 7.52 7.52% 7.64 7.54% 7.41 7.22 SOYBEANS 7.38% 7.29% 7.36 7.43 7.54 7.54% 7.42% 7.22 7.07% 7.07% 7.44 7.48 7.39 7.22 7.01% 4.24 4.13% 3.94% 3.75 3.80 3.86 3.75 2.90 2.96% 3.01% 3.05'/4 2.90% 2.86% 2.92% 3.01 1.78V4 1,81% 1,65% 1.88 1.62 1.82 7.30% 7.38 7.43% 7.45 7.46% 7.39 7.22 7.01% — .03 — .02 -.01 — .02 + .02 — .02 — .03% .04 .04% .04'A .03% •.04% ..04% ..06% -.05% -.05% -.04V4 -.03% .08 .07% -.09% -.09 -.09% -.09 -.05 -.05% Futures trading Thursday on the Chicago Mercantile Exchange: Open High Low Settle Chg. CATTLE 40,000 Oct Dec Feb Apr Jun Aug Oct 71. 65. 35 65 63.87 65.72 63.55 63. 65. ,35 95 Ibs.; 71. 66. 64. 65. 63. 63. 66. 80 05 15 87 67 42 00 FEEDER 50,000 Oct Nov Jan Mar Apr May Sep Aug 63, 63, 64 64 ,12 ,40 ,55 .12 64.55 64 66 66 .85 .00 .50 Ibs 63. 64. 64. 64. 64. 65. 66. 66. .; 45 00 75 22 70 10 05 55 cents 70. 65. 63. 65. 63. 63. 65. per Ib. 95 47 62 50 35 17 80 71. 65. 63. 65, 63, 63. 65. 27 72 82 67 47 .17 .85 —.15 ' + .10 — .08 — .15 -.10 — .18 — .05 CATTLE cents 62. 63. 64. 63, 64. 64. 66. 66. per Ib. • • 90 25 20 ,87 20 75 00 20 63 63, 64 64 64 64 66 66 .35 .95 .65 .12 • .65 .97 ' .00 .47 • ,+ .18 + .28 + .03 + .10 t .07 — .30 ^-.08 HOGS 40,000 Oct , Dec Feb Apr Jun Jul Aug Oct Dec . Feb Apr 60 57 78 73 77 75 71 .10 .60 .45 .95 .75 .00 .02 Ibs.; 60. 57. 78. 74. 77. 75. 71, 15 65 52 20 80 20 10 cents per Ib. 59. 15 56.55 77.70 73.55 77.40 74.70 70.77 59 56 77 73 77 75 71 64. 66. 66. 63. .62 .70 .90 .75 .65 .10 .00 97 15 30 10 -.45 — .80 —.60 -.25 — .17 — .05 — .05 + .12 + .43 + .35 + .03 GOLD Foreign - Hong Kong late: $381.65 up $0.60;'Lendon morning fixing: $381.60 up $0.25; London afternoon fixIng: $381.75 up $0.40; London late: $382.00 up $0.45; Paris afternoon fixing: $376.05 up $1.36; Frankfurt-flxIng: $381.31 up $0.90; Zurich late afternoon: $381.75 up $0.05. Domestic - NY Handy & Harman: $381.75 up $0.40; NY Handy & Harman fabricated: $400.84 up $0.42; NY Engelhard: $383.05 up $0.40; NY Engelhard fabricated: $402.20 up $0.42; NY Merc, gold spot month'close Thu. $382.20 up $1.00; NY Republic National Bank 4 p.m. Thu. $382.10 up $1.00. reorganized under the bankruptcy act, or McuiJiet as- •umed by such compute. «d-wtiendl8Wxjted.wl -when Issued, ww. with wtvranls.»- without wai- rants, i - irritates single share Mali rather than KANSAS CITY GRAINS Wheat futures Thursday on the Kansas City Board of Trade: Open High Low Stills Chg. WHEAT 5,000 bu minimum; dollars per bushel 4.39% 4.35 4.38 4.23% 4.1-9% 4.22 SILVER Dec Mar May Jul Sep Dec 4.37 4.22 4.00 3.82 ' 3.81% 4.01 3.84 3.84% 3.80 3.81% 4.00 3.83 3.84 3.91 -.01 -.01% + .01 + .01 + .00% 01 Wheat 119,454 bushels: 4 cents lower to 1/2 cent lower, No. 2 hard 4.49-4.64n; No. 3 4.38-4.63n; No. 2 red wheat 4.29-4.53n; No. 3 4.18-4.52n. Corn 10,632 bushels: unch to 3 cents lower; No. 2 white 3.30-3.40n; No. 2 yellow 2.901/2-2.99n; No. 3 2.701/2-2.9Bn. No. 2 mllo 4.58-4.89n. No. 1 soybeans 7.15-7.26. Hoppers 98.00-100.00. ST. J08H»H LIVESTOCK Market quotations Thursday: Hog estimate: 600. Compared to Wednesday, barrows and gilts 50 cents higher; 1-3 230-270 Ib 68.0058.50; 2-3 package 277 Ib 67.75; 1-2 220-230 Ib 57.5058.00. Sows under 450 Ib .50 higher; 450 to 600 Ib 1.50 lower; over 500 Ib steady; 1-2 few 300-500 Ib 47.50; 13 few 500-550 Ib 52.00; few 550-700 Ib 56.00-57.00. PODGE CITY LIVESTOCK Market quotations Thursday: Trade fairly active. Slaughter steers and heifers steady. Inquiry good, demand liar early, light by late morning. Soles conflremd on 16,300 slaughter seers and 9,300 slaughter htlers Thursday. For the week to date 47,700 head confirmed Including 8,800 head or about 18 percent previously contracted or formulated Handy & Harman silver Thursday $5.005, up $0.065' Fabricated $5.506, up $0.072; The bullion prlcq for silver earlier in London $4.9750, up $0.095; Engelhard $5.045, up $0.085; Fabricated $5.550, up $0.094; NY Merc silver spot month Thursday $5.022, up $0,088. Oil Petroleum cash prices Thursday as compared~wlth Wednesday prices: , <. ; Thurs. Wed. West Texas lnte.rmed$ per bbl lob 24.28 25,08 From Staff and Wire Reports STOCKQUOTE HOTLINE Category 8000 For quotes (delayed 15 minutes), enter a ilcker symbol using the table and press*. A-21 F-33 K-52 P-71 U-82 Z-Q3 B-22 G-41 L-53 Q-01 V-83 *12 C-23 H-42 M-61 R-72 W-91 ;-13 D-31 I-43 N-62 S-73 X-92 /-02 E-32 J-61 0-63 T-81 Y-93 +-11

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