The Honolulu Advertiser from Honolulu, Hawaii • 27

"1 ASE off 0.16 Yen at 187.30 vf: "f'l-MV The Honolulu Advertiser Wednesday, February 12, 1988 Gold "New York Spot ino 4ti Sale of in the works KHNL ao 338.eo 60 today's jnoflfinlfe fakpijafmra HI il II II II 11 11 ILL Ml IVIII lUjin it J1 2 7 I 14 20 21 4 11 Dee, Jan. Ftb percent. The other group, ft sides the Cushmans, was a unit' of Asahi National Broadcasting" Co. of Tokyo, which has sup-; plied Japanese-language proi gramming to the station. The price paid in 1979 wash's reported to be $2.7 Since then, however, the- owners have had to make siza-T-" ble eauiDment exoenditures i said Sam Okinaga, a spokesman, for the Hawaii investors.

1 Americans incurred $5.1 billion in new debt in December but increased their monthly loan payments only slightly from the month before, the government reported. The Fed said the annual expansion rate was 11.5 percent in December, somewhat above the 10.8 percent annual rate in November, when consumer borrowing jumped $4.8 billion. At the same time, the Fed said October's strong surge in borrowing was even bigger than first thought, $8.4 billion instead of $8.13 Kodak, facing declining profits, plans to fire 13,000 workers, cut top managers' salaries and review its bonus program for employees in an effort to reduce costs. The photographic giant said it intends to reduce its worldwide work force of 128,950 by 10 percent in 1986, affecting all job levels including management. The budget ax fell just one week before Kodak was to release its 1985 earnings, which are expected to be down because of competition, the strong dollar, development costs and other factors.

By Kit Smith Advertiser Financial Editor Honolulu's KHNL-TV, Channel 13, is to be sold to King Broadcasting Co. of Seattle, employees of both organizations have been told. The deal, if consummated, would make KHNL, Honolulu's leading independent (non-network) station, part of a well-heeled organization having four network TV stations and six radio stations in the West. A spokesman for one of the present owners, however, called any announcement "premature," adding: "No documents have been signed." And in any event, he said, Federal Communications Commission approval must be obtained. That spokesman is Elliott L.

Cushman of San Diego, who along with sons Stephen and Lawrence has owned 50 percent of the station since 1979. Cushman did confirm that KHNL has been discussing a sale, but declined to identify King Broadcasting as the other party. Reports of a pending sale, with King listed as the buyer, have circulated in Honolulu for more than a week. Even a sales price has been mentioned $20 million. And yesterday Rick Blangiar-di, KHNL's general manager since 1984, said the acquisition had received unanimous approval on both sides.

"I'm extremely pleased," he said, prior to leaving on a Seattle trip. "It's good news for our 52 employees, it's good news for Hawaii." He said King Broacasting has won more "Iris" awards for locally produced television programming than any other TV station in the country. Privately owned King's principal stockholder is Dorothy Stimson Bullitt, now in her mid-90s. She got into broadcasting through purchases of a Seattle radio station in 1947 and the Northwest's first TV station in 1948. Forbes magazine has included her on its list of the 400 wealthiest Ameri-cans.

King's TV stations three of them NBC affiliates and one In fact, the Hawaii group hadr begun to feel a financial' squeeze, he said, and thus was-v receptive to a buyout. Okinaga deferred to Cush- man, however, on the status of the sale. "i- The station's financial for-rj tunes have improved Blangiardi, a former ad sales-v- man for KGMB-TV, took as general manager in 1984 changed the call letters and-i embarked on a format Today, he said, KHNL spe-'x cializes in four fields chil-mt dren's programming; movies and such vintage shows as "Leave it to Beaver" and Trek;" Japanese programming; and local sports. Rick Blangiardi "Good news for Hawaii" CBS are in Seattle, Spokane, Portland and Boise. The radio stations include two in San Francisco KSFO and KYA-FM.

KHNL, then known as KIKU, was purchased in 1979 by three groups one of them composed of local business and professional men, who took 30 mutual funds Nationwide Fdt: Calif 10 79 11.24 Emrgr 13.73 NL NatFd 11.01 14.07 NatGth 1 9 60 NatBd 10.01 10.12 5 57 NL 13.21 13.91 23.71 24.94 1571 14.53 7.07 7.44 29.53 31.04 Gwthr Optlnc 14. NL 904 NL SeerTx 11.54 NL TaxAdV 10.47 NL TexEx 1102 11.41 USQvt 10 50 NL WrldvV 14.00 NL Oalawara Group: DMC 11.14 1170 ATlInc AgrGr Appre CilMu FdVel Global HIYId NELIfeFund: 10 II 11.72 GVISC Belle Natl 11.44 12.13 19.01 20.01 NL SpiGvr 11.34 NY MU 1105 11.51 PracM 10 21 NL Eqult 31 06 2749 GvSae 13 46 13.75 Grwth 26.31 24.60 Incom 11.00 11.96 RelEq 23.34 25.37 TaiEx 7 54 7.90 INVESTINO COMPANIES NEW YORK (AP) The following quo ratloni, lupplled by the National Ai-tocl' atlon of Se-curltlea Oealert, ar tht firlcea af which htit lecgrltlei could hava been old (Nat iet value) or bought (valua plut ia i chargt) Tueiday. IP I Stck 10.02 10.49 IDS Mutual: Arrow Air bankrupt; 400 laid off Neubergar Berm: 14.34 17.90 22 29 24 34 7.43 156 7.62 4.65 14 41 1597 31 9.77 4 24 9.74 14.14 NL 23.44 NL 10.12 NL Dacat Dalaw Daich TxFra -Delta GNMA USGvt DITCG DITAG DITCI DG Dlv tnrgy la.r ml MgGvt 13.4214.13 MMun 15 15 15 95 NYMu 16.10 14 95 SpOptr 13.74 NL SpXmtr 14.42 NL Guard Hemll Llbty Manht Partn 40.34 144 4.31 62 17.95 1.21 Sharm S.10 NL Sierra Gt 12.05 NL 26.12 NL lama Fundi: Buy 1.74 4.SS (all AARP Invtt: DodCxBI 32 43 DodCxSI 31.41 NL NL NYMun NewtGt Caplt 24.44 Inco ObleTx 11.37 11, CapOr 20 37 lusftgr 4 79 NL IDSEqr 7.09 NL lOSFdl 5. 12 39 IDS In 513 NL IDS Bd 5.04 S.23 IDSEqP 74 10.25 IDSDII 7.74 114 IDS Ex 5.07 5 34 IDSGli 20.01 21.06 IDS HI 4.47 4.71 IDSInt 7.44 7 13 IDS NO 9 49 10 20 IDS Proa 7.217.64 MgtRet 4.32 4.64 Mutl 12.14 12.71 IDS Til 1 95 4.15 PrecMt 4 S3 4 77 Stock 19 24 20 25 Select 144 I Newt Inc unavall Nlcholai Group: 15.93 1 73 9.54 93 9 71 43 4 63 12.74 13.92 Inveit Spcln Truit Vent NL NL NL NL NL NL GlnlM GtnBd Gthlnc TlFBd 1S.7J 19.40 14 11 praxel Burnhem: Burnh 20.53 21.77 Emerg 14 05 NL Govt 10.69 NL Gwth 11.44 NL Drevfui Gro: 12.02 13.14 mcnoi 32. VI NL Nlchll 14 14 NL Nchlnc 319 NL alnvGr unevail Smith Barnev: IS 45 TxFSh NeinvTr unavall North Star: A Bnd (4 51 NL fcqut 1415 ml IncGra 10 21 10 41 IncRet 9.40 9.64 USGvt 13.69 14.24 CalTx Drevf Apollo 1064 NL Bond 10.25 NL Region 21.29 NL Stock 14 99 NL 14.71 NL 13 20 13 33 15.69 NL 17.71 NL 13 49 NL 1147 20 42 11.94 NL ISI Group: SoGen In unevail StheitGr 12.21 NL Swlnlnc 5.13 5 37 Sovar In 23.49 24.94 Slate Bond Grp: NoveFd 15.47 NL Nuveen 154 NL urwrn in i.wi Incom 1 74 4.11 TritSh 10.71 11.70 GNMA ImTx Interm Levga GthOp meiTx NY Tx Spl Inc Tax Ex ThrdC OldDom 24.30 24.56 Omega 14.36 NL Lorn or 0.34 a.vz Divert 7.17 7.44 Proon 9.61 10.54 Idex 11.10 12.13 Induitry 409 NL Initltutlon Fdt: ABT Mldwtst: Emrg 17.14 1173 Gthlnc 11.42 13 57 IntGv 1547 NL LGGvt 10.19 11 34 Seclnc 11.0? 11.04 Ullllnc 14.13 15 64 ADTEK 1174 NL Acorn 37.01 NL Afutura 13.54 NL AIM Fundi: CvYld 12.71 13 67 Grnwy 10 35 11.07 HIVId 9.99 10.61 Sumlt 445..,,, AMEV Fundi: Cepltl 13.10 14 37 Grwth 15.10 14 50 Specl 33 07 NL USGvt 10.10 10 51 AllienceCep: uppenneimer t-a 14.10 15.11 54 12.35 7.71 AIM 23.33 25.50 21.43 23.42 St FarmFdl: 4.31 904 1131 1236 NL NL NL Baian 16.14 Gwth 12.11 Muni 7.S4 Direct Eqlnc Oppen Gold HI Yld 7.40 EaglGth NL NL NL NL NL NL CepApf 10.20 DivEqf 11.44 IntlFd 13.05 IntMuf 10 22 Mangdf 11.54 SpGth 20 23 Eaton Vance: 7.33 1.01 Jtstreellnv: 17 03 11.26 EHStk 13.23 14.74 Vs 1 i w4 Wy NY Tan 12 32 12.43 Pram 20.00 21.46 Integretad Rate: Each 107.61 107.74 Grwth 66 22 NL Invit 71 44 79.03 12 04 12 93 7.39 1.04 1019 NL 109 5 46 9 90 10 62 NL lapApr 12 22 Hmelnr 10 74 fgey Snecl Terget TxFra Staadman Fundi: 15 21 16.70 21 S3 23 S3 19 94 21.79 9.31 964 16.39 17 40 NL Lnem a 4i t.w TexFr 13 44 13 06 Govt Am Ind 3 90 NL 7.90 143 Intlnvit 10 40 11.40 Time GvtOb Grwth HIMunl HIYId tncBoa Inveit MunBd Nautli SpEqt TaxM VSSpl EmpBId ES Toll Evrarn I 73 9 07 Invit Portfolio: NL NL NL Alloc .95 Inveit 152 Oceen 5 53 9 a 9 98 10 03 10.60 11 07 19 25 9 40 10 37 14 S3 15 43 BlueCh 11.35 13.30 Ret Gov 10 49 11.46 Equity 10 93 NL MIYId Intl Mertg Survey Th Alpha USGvt 10.11 1095 Stein Roa Fdt: 13.49 14 74 19 44 20 96 19 65 21.41 12 92 14 12 OTC Sec II 43 20.25 GvtPI 445 NL HIYId 1.17 NL Optn 1.41 NL 1 9i 23.96 22 69 24.79 Pacltic Horlion: installed unapproved spare 1 parts purchased from a supplier when it bought a from a European airline.

The FAA investigational prompted the Air Force to can-. -of eel six flights as of Saturday! and four more yesterday. ArrV-j Air Force spokesman said more 30 1 cancellations were likely untilr the FAA completes its invests gation. Arrow Air spokesman Robin Mattell said the carrier will! continue operating cargo andH charter flights while Chapter 11 reorganization. he said all scheduled passenge? service was being stopped inK'-i mediately.

The scheduled routes include New York to San Puerto Rico; New York to .5 Aguadilla, Puerto Rico; PhilfrA delphia to San Juan; and to San Juan. Mattell said officials expect meeting of creditors will be set ST. up within four to six weeks, "'y Major creditors included I American Marketing of New York, Ogden Food Service of New York. Marriott Corp. Miami, United Air: Lines of Pittsburgh, Airport Aviation Service of San vj Juan, and British, Caledonia Airways of London, 4i Cap Op 24 77 DIKV 11.92 HIYId 11.50 IntMun 17 04 7.91 ITB Grouo: Amar Capita 7.2S 7.92 Agraiv 23.71 Calif 13.69 HlohYd 15.44 NL NL NL Corp invaoi I7.3r 13.30 12.55 13.72 12.64 NL Hllnco 15.41 1706 14.75 15.12 14.33 14.95 Palna Webber: EvrgrTtl 14.34 NL 14 13 14.31 51 10,79 9 34 II 54 17.17 FPA Fundi Atlai 14 30 15 43 5 44 i MgdBd Specl Stock TaxEx 13.02 Caplt 11 43 12 44 United Prtst International MIAMI Arrow Air, rocked by a December plane crash that killed 248 soldiers and led to the loss of crucial military business, filed yesterday for Chapter 11 bankruptcy protection from almost 500 creditors.

Chairman Jon Batchelor said the carrier was immediately laying off 400 of its 500 employees and was suspending all scheduled passenger service. He said, however, that charter and cargo service would be maintained. The small, Miami-based carrier which faces scores of lawsuits for millions of dollars stemming from the Dec. 12 charter crash in Gander, Newfoundland, listed assets of more than $14 million and liabilities of almost $32 million in papers filed with the U.S. Bankruptcy Court in Miami.

The DC-8 crash shortly after takeoff killed 248 Army troops who were returning home to the United States for Christmas from peacekeeping duty in the Mideast. Eight Arrow Air crew members also died in the crash. Arrow Air said in a statement the Bankruptcy Court filing would not affect insurance coverage or potential payments related to the Gander crash. The airline's troubles mounted after the crash, bringing criticism from Congress of its contracts with the military and close scrutiny from the Federal MaTF Inv Reih litel IvyGth Ivylnit JPGrth JP Inco Nwlnc 13 64 NL 15.95 NL 151.14 NL 9 44 ll.M 12.47 17 61 7 7v 9.79 13.24 14 49 17 91 19 57 229 71 NL Cmjtk Entrp Ench FdAm GvSec Grow Harbr Ml Yld Mun OTC Paca Provld TotRet 24 35 Unlv 19.44 Parmt Peren Palrmt 1461 15 41 15 53 16.97 10S4 11.03 10.27 10.73 10 33 1 0 79 1049 1096 11.10 13:13 1045 11.33 Amer CaiTx GNMA HIYId InvGd Olymp TaxEx 13.57 14.43 10 45 11.2 9.22 10.02 Streteale Fundi: Frm BG JanuiFund: 20 92 21.96 1521 NL NL Faderatad Fundi: caplt 136 it Invit 443 3 21 Sllvr 4 50 4.92 11.10 Pexwid cpcm NL 10 74 11.74 22 40 24 44 4 93 5 32 Fund 13 99 Valua 1234 Ventur 24 41 John Hancock: NL 12.61 NL 115 NL 7.11 NL 1114 NL 14.7.1 14.10 Penn Sq Penn Mu PermPrt ventr 45 3 14 04 10 02 11.41 American Pun ji: Bond 15 17.10 Glool 12.33 13.44 Grwth 14.37 15 70 StratnDv 24 14 NL StratGth 2144 NL Strongln 20.12 21.03 Strngt 20 64 20 49 TellnSh 16.11 NL Tempieton Group: 11.9(i 1301 Phlla 97 9.40 fcucn FTInt Fdllnt GNMA Gwth HI lem HIYId A Bel Phoenix Serial: 1403 12.19 13.04 SDCIEQ 4 33 4 9 Baian 13.54 14 40 USGvP 9 19 10 04 CvFd 17.43 19 04 10.59 NL 1001 1094 17.34 II 95 14 04 15 34 20 00 21.46 15.21 16.62 14.71 15.44 Tax Ex 10 50 11 17 47 19.09 9.43 10.16 Grwth HIYId Stock PC CO USGvT 10.74 11.74 Kaufmn 111 NL r-rgn 14.45 Global I 3411.. Glob II 12.74 13.92 Grwth 11.12 12.92 World 14.44 15.71 14.13 14.21 Amcp A Mutl Bond Eupac Fdlnv Govt Grwth Incom ICA NEco NPert Ince unavall Snort 10.24 SI Gvt 10 35 StkBd 1551 Stock 20 92 Fidelity Inveit: Kemper Fundi: 11.77 NL NL NL NL NL NL CelTx 13.69 14 14 Pilgrim Orp: Incom 15.21 It 70 11.77 12 46 12 52 13 61 14.12 20 .90 9.51 10.39 Thornton McKln- non: PAK 77.

11 73.17 GNMA 15.42 16 06 PIIMeg 9.14 4.90 PllaHl 791 136 NL NL 1014 11.42 TaiE NL oneer Fund: Win AM 11.35 13 40 Agretv ti.ua CaiMu 11.35 Congri 70.44 Conftd 11.54 CTAR 10.60 Delta? 1345 DIkv 3291 Gwth 1320 Inco 10.23 Opor 13.54 TaxExmpt 11.02 USOvt 1014 173 9 24 13 69 13 .17 10.77 11.40 11 91 20 74 4 22 9 45 10 94 11.94 1 74 4 27 12 17 14 07 15 49 17 37 9 41 947 NL AGthFd 4 49 9 24 Grow HIYId IntlFd MunB Optn Summ Tech TotRt USGvt KvTxFr A Merita Bond 9 55 10 00 Fund 22.04 34.13 II Inc II 04 19.74 llllnc 15 41 17 06 NL NL tFhxa I ti 1 NL 2.42 735 936 21 53 29 11 Eqlnc NL NL NL NL NL NL NL NL NL NL 4 51 NL NL 55 97 NL Plltrnd 14.22 NL Trntetl 75.14 Tudr Fd 23 15 TntFd 11.29 Truit Portfolio: 42 21 443 471 NL Price Fundi: 17 12 S2I 4 inveil A Inv In AmMad A NtGth ANtlnc Amway Analyt Kevitona Mail: Equln 11.36 fexen Fidel FiexBd Fredm GNMA 111 15.47 EqGth 1206 Eqlnc 12.32 20 44 23 14 7 27 7.71 14144 NL 7.97 NL NL NL NL 10 43 20th Century: Gvt Sec $53,129. Amitng 9 77 931 u-inr a.55 17.04 1340 10 72 164 1141 1354 11 14 NL Grwth Gthlnc HIYId Incom Intl NewA NEra Axe Houghton: fnt 11 60 1241 1294 NL Hllnco HI Yld LtMun i i UPI photo Stranded Arrow Air passenger Steve Wilds waits in Miami for an alternative way to get to Puerto Rico after the airline filed for bankruptcy yesterday. Aviation Administration of its On Saturday, the FAA order-safety and maintenance prac- ed Arrow Air to ground 10 DC-tices. 8s because the carrier allegedly CuiBI 11.91 Cut B7 19 42 CuiBlr 1 11 CuiKlr 9 40 CuiK2r 7.94 CuiSlr 22.15 CuiSSr 4.13 Cuisar 4 75 Intl SM KPMf 12 31 TxETrr 1071 9. 19 16.77 NL 30 75 NL 4 57 1 61 49 57 NL Incom 5.21 546 Slock 4.45 10.33 Grwth Select Ultra USGv VUta Megel 44 71 10 24 NHorll 15.25 MunBd 7.71 NL MailT 1125 NL ShTrB 513 S.44 III Arrow Air made its first paid' flight in 1981.

It has carried about 1 million passengers per year on charter and scheduled, flights. USAA Group NL NL NL NL NL NL NL NL NL 11 04 14 54 Merc NL NL NL 941 11.04 S.I7 cornit 11.31 TxFrl TxFrH TxFrSI 1049 NL 1111 NL Babton Group: Bond 1.44 Enters 12 69 Gwth 13 19 TaFr 9 34 UWBSt 13 77 UMBB 10 65 Valua 12.94 TxFrr 154 PrlnPTE 4 32 9 76 KdPSGr 1124 NL NL NL NL 4.34 1562 1144 174 1331 PrlnPGP 4 24 9 93 Gold Grwth Inca Sbit TxEM TxElt TxESh Pro Servlcei: NL KidPGvr il LMH 24 42 Lagg Melon: NL MeOT 1274 NL Fund 1190 NL Incom 1 94 NL 12 04 10 59 NL NL NL NL NL NL NL NL NL NL NL NL NL 17.53 II 07 19 71 20 34 1341 NL 14 37 NL 13 49 13.15 13 44 13 73 11.74 13 00 1177 1301 14 30 14 59 II 41 11.45 BLC Fundi: CapAc unavall Govt unavall Gwth unavall spun IU34 Veltr 27 77 TotRt 10.14 NL NL Prudential Baehe: Unified Mgmnt: Embattled fires back at Florida investor AdlPtd 34 30 NL L4hman BertBtf 13 19 NL rroup: 17 54 Grouj Caoltl uenri ivi Gwth 22.15 Inco 12 12 Indl 469 Mutl 14.17 NL NL NL NL Invit 1134 OoDor 2134 MtoSC nyhy STC Ovrl Purlin Oual StiBrk SelCh SalCpt SeiFd SeiDaf Seieic Se'En SaiFin SalHIt SalLal SeiMtl SaiStt SaiTch Sal Tel Saiutll SpcSIt Thritt Trend 4 44 10 04 10 52 31.14 Levroe 4 14 NL NL NL NL NL NL United Fundi: 37 94 21 51 Lexington crp: CLdr fr 13 14 64 stock at below market prices; II 94 19 34 10.02 10 33 11.72 11 94 GOIdtd 174 NL CeiMur li 34 Eqtyr 1195 GNMAr 1564 Globlr 15 57 GvPIr 10 44 GvtSc 1047 GtOpr 1149 HiYld 10 41 HYMf 15 73 InVerr 1016 MuNYr 11 50 OptGr 1150 Bichr 11.37 Utllr 13 12 Putnem Fundi: NL NL GNMA 103 Grow 1051 Reih 19 24 11 4 73 61 BaacHIII 23 24 Banhem Capital: CaTFL 10 It CaiTFI 10 37 CepNT 1107 GNMA 10.32 Beroer Group: lOOFd 19 07 101 Fd U.S4 Boiton Ca: CapAp 30 32 Aadl 11.57 SpGth 20 24 Bowier 1.40 Bruce 47.14 Bull 4 Bear Gp: Capita 11 S3 NL NL NL 11.47 11 70 23 35 23 43 Liberty Family: 14.27 14 71 NL NL NL NL NL 11.14 NL Am lot iz re TxFra 10 07 USGvt 141 45 00 27 65 Accm 1.19 Bond 4 05 4 41 GvtSee 5 71 95 IntGth 7 17 7 44 Con Inc 19 35 21 04 HI Inc 13 79 15 07 Incom 17.43 19.05 Muni 7.24 7.54 NwCcpt 192 4 47 Retire 4 47 3 07 ScEng 4 94 10 46 Vang 4.77 1.40 Utd Servlcei: GldShr 441 NL GBT 1512 NL Growth 127 NL Inco 10 40 NL LoCep 7.41 NL NwProO LtdTrm unavall FiduCeo CCAra 47 11 49 04 LlndOv 34 41 NL Flnencial Proi NL CCDip 415149 75 Llndnr 19 32 Loomli Seym: 15 10 1515 NL NL NL NL NL NL NL NL 11 7 34 NL NL NL NL NL NL NL NL NL NL NL NL capif 71. Mut 21.S1 Dyna FnciTa HIYId Induit Incom Select Equity Goicn HIYId CalMun 15 64 144 493 915 702 10 50 14 61 10 31 Lard Ahhatt: Calvert Grouo: CelTx Ceplt Conv EngRI Georg Grolnc Heelth Hllnco HI Yld Incom IntoSc VHrldT 114 NL in ii in "I A r-5 i4 a -h- A i I i Fit Invattora: 15 31 16 62 10 42 11 43 11.31 14.77 12 03 13 15 11 07 19 75 12 30 13 04 15 66 16 79 710 7.43 13 34 14.60 25 10 27.43 Attiltd lo ie li si Bnddb 10 24 11.23 DavGt 144 9 44 GvtSaC 3.17 1.40 TaiFr 1041 11.14 TxNY 1043 11.19 VelAP 13.44 13 44 Bnd AO 17 17 11 Prtptt 103 NL SI NL 10 21 NL OlKO 10 94 12 00 Equity 20 43 Into 16 11 Social 2139 TFL 10 54 TxFLa 14 41 Walhf 1740 Calvin Bullock: NL NL NL veiFra 1134 13 20 Govt VeiueLlna Fd 4 40 7.71 NL Bond 12.43 Inlta Lutheran Bro: also told the SEC he now wants control of the company as well and had increased his current holdings to 10.03 percent. Yesterday, International defended its issuance of new stock in recent weeks, its loans to National Mortgage Finance Co. 29.7 percent owned by relatives of International Chairman Lionel Tokioka and the employment agreements for top executives.

The firm also unleashed some barbs of its own at Terry, charging him with "intentional and blatant disregard" of a state anti-takeover law that Terry has defied pending a federal court decision on its constitutionality. The company's recent issuance of several new blocks of 95 4 50 12 94 14 14 Invekl uneven Baisni 13 re is Fund I' 7t It 17 Incom (99 9 44 NYT 14 56 17 J9 according to International James Boyle, was part an attempt to raise capital for, diversification purposes. "The company had been ing to raise additional capital -rj either by long-term debt or'1-equity long before Terry came on the scene," Boyle said prepared statement. 27 The stock was not placed(i with Terry because International al's board concluded "Mr Terry's ultimate intentions with- respect to (International) are unknown," Boyle said, adding Terry's "actions appear like that of a corporate raiderj; as opposed to an investor mitted to the present policies' of the company. 4 31 4 71 Grwth Incom IntiStc NeRea NYTF 90.14 Cotn Grwth 19 49 21 30 Muni 716 1,27 NL NL NL NL NL NL NL NL 7 75 1 47 II 40 11 45 15 43 474 23 14 10 92 centuf Conv Fund Incom Lev Gt MunBd Optn 1041 1141 Optnll 11 42 12 41 13 37 14 47 13 51 13 75 MaiiFlnanci Tax Ex 2411 26 05 Canon DlvSha USGvt AogGf mfi li 07 li at AFO 10 34 10 46 05 44 9 64 10.42 3 42 373 12 49 13 IS 103 171 10 70 II 54 TaxEa TFHYf 13 77 NL TFInlf 13 99 NL 1441 Spl Sit Flagmip Group: i in 47 37 NL Van emeen USGtd 14 73 13 13 11 13 31 10 S3 11 04 10 41 11 42 10 71 11 24 12.74 13 75 Vina 14 II 19 IS 19 IS 21 69 InTxF 17 04 17 91 TxFrH 15 90 14.72 USGvt unevell MIChD IV II IU OKIoD 10 74 10 49 10 76 II 13 71 14 21 9 43 10 24 14 II IS 50 11 97 NL 11.74 12 71 10 14 10 95 Maine TxFra Cappieia CepiTBj Cardnl Cnt Shi Chertfd Che Dlr 44 72 NL 25 14 NL 4 12 NL Voveg Queter OueitF RemMr ReeGr Vence Excnenge: 44Wita 34 39 NL CepEa 71 JI 19 72 NL 44 Wall I 57 Founder.

Groutt: 14 06 17 55 13 32 14 17 49 14 46 12 74 IS 79 MS Ml MS NC MS VA MIT MlG MiO MCO MEOj MFD Wl MVB MFH MMH MSF MSTM 49 49 NL 43 64 NL 709 13 99 NL RchTng Grwth 4 71 NL 11 69 Bit Diver EFd (ho MH Rahtmal 30 00 NL 14 11 IS 21 10 74 10 91 Cheitnuf 60 II CloNA Fundi: 121 27 NL 112 57 NL 47 10 NL Incom 14 Mutual 10 0 Saact 24 54 nihil 10 93 11 95 Royra I 60 NL A9r, 12 7SM4? SecFid 77 01 NL 13 II NL Group Grwtn SFTEqt 10 95 11.97 144 111 496 7 50 to ao 77 446 10 34 90 17 51 NL 770 NL Sa'aro Stcur: 14 11 14 4 1011 10 73 7 54 1 94 1 13 156 13 71 13 31 9 24 NL Mae II 71 HIYId Incom Mun.B Vaiut Methe'-t A(e CoClft DNfC touity FeoTa Goid Mevhrt NL NL NL NL fequll 10 ri Grwth 16 04 Ince 14 31 Munle 13 77 37 47 NL Clipper Merrill Lynch: Bene 14 27 17 40 4 04 4 51 II 34 11 74 44 9 13 14 51 IS 47 Colonial Fundi: By Nina Berglund Advertiser Butineu Writer In an admittedly "delayed" response, International Holding Capital Corp. yesterday fired back at the harsh criticism leveled against it last week by a Florida investor seeking control of the firm. International blamed its delayed response which amounted to the latest round in an acrimonious battle for control of International Savings' parent company on C. Herman Terry himself, saying the investor from Jacksonville "failed to send the company promptly a copy of his amended Schedule 13D as required by law." Terry's 13D filing with the Securities and Exchange Commission last Thursday had accused International management of taking steps to protect themselves and their jobs at the expense of shareholders. Specifically, Terry criticized International for issuing new common stock, making ques- Moving? Let IRS, post office know Taxpayers who move after filing their federal income tax returns and who expect refunds should notify the post office serving the old address, the Internal Revenue says.

The IRS service center where the return was filed should also be notified of the address change. This will help IRS to forward the refund Sx udder Fundi: AOd 14 74 151 Lionel Tokioka Admittedly "delayed" response tionable loans to an affiliated subsidiary and creating lucrative employment agreements that could provide top officers with as much as $3.6 million in the event of a change in control. Terry, who earlier said he wanted to buy as much as 25 percent of International's stock. cei ix iu ev CeiT 1117 NL Ceplt unevelt Cl Dlv It 64 46 CepA 17 27 II Ml Tea 10 95 11 41 NY Tea II 15 II 11 43 91 49 71 50 7 Devel CepGt CeCi CoCill IqoM 14 1) Optiea 4 44 4 44 99 49 99 14 69 IS 47 9 96 10 67 745 03 It. It 03 14 4 Utiia Incom US GOV G.Mig Grwm Incom IntlFd 16 54 15 14 16 05 1102 13 71 63 11 00 Newspaper negotiations start 74 NL I 1 53 1145 1193 12 14 13 44 II 11 II 56 4 44 7 11 FeoSc Folm Hilnc HI 6V4 IniHid InTrm LtMet MunHI Uunile EihMI Fund CS Grwh Hi v.d Incom Co'lnc Optl II TXina TavFx CeiTa FroGG Ffoeg F4e5t 15 77 14 07 II 22 11 94 11.11 U.99 12 79 13 It 13 52 13 It 44 7 94 7 24 60 I 16 14 II IS 12 40 69 4T MVB NYTex Tl-47 TFr0 TFr93 4 43 4 93 10 16 34 10 45 10 74 47 FunaTruat 7 41 4 14 SarurirvFunll: NY Mtf 10 '3 1)31 13 47 lL NL Action 4 35 N'lRic 9 94 CalufrfolaFurdl: 4 21 20 11 II 74 NL 63 4 19 uteel nn Grih 26 22 PecFd Pnnlx Penrt 12 41 1 9 Aer 12 7J Grw II Graincf 12 71 Geica IS 49 GiTMY 1141 99 Gr Pee 14 47 Op 14 44 44 NL Bond iauty If i 490 SIS 404 64 10 41 NL 964 11 14 11 17 Syriich Munic II 17 154 1 with CO 7 14 1 Ce-oiite Greue taiec'ed Fundi: Vanguard Group: t.plr 14 44 NL E'PIII 1163 NL Gemln 47 65 NL Mora 1304 NL NeetT 43 22 NL Prmcp 34 02 NL COi.l 14 40 NL GQivll 4 71 NL CDvlll 23 74 NL STAR 10 44 NL TC lot 12 62 NL TCUM 21 41 NL GNMA 9 9t NL HiVM 44 NL K.B-d 44 NL I IhrtTr 10 34 NL IndTr 23 60 9L MuHV Hi 41 NL Muint 1171 NL MuLa 10 61 NL MinLa 1141 NL MuSnl 15 11 NL V.Pid 7 17 NL VS'Ht 14 04 NL V.f54 17 44 NL VvfTe NL WMlef II 54 NL 4Ve'n IS NL "dr 14 47 NL 11 17 NL 9 23 NL ouS 13 94 IU.

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Both sides agreed to jointly negotiate 13 contract issues. including wages and vacation, but that "if any of the principals or parties of these negotiations request that they want to address any of-these joint issues individual-, ly, such requests will be honored." The unions representing the employees are the Ha-waii Newspaper Guild, the 1 International Typographical -Union, the ILWU, Graphic Arts International Union. -Hawaii Printing Pressmen Assistants Union and Inter-national Association of Ma- -chinists Aerospace Work-l ers. a 14 SS 24 85 CritefioaFvCI: 11 13 a) 17 NL Gwft Incom Sen Mut Inc AvUJ 11 44 trrS. Comwa Grewt Ince ter.

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