Star-Gazette from Elmira, New York • 16

Mmej Stocks 4C-5C Star-GazetteWednesday, April 1 0, 19916C Money Editor Bob Jamieson, 607734-5151, Ext. 255 Women execs satisfied with home life, jobs Gannett News Service ft DAN DORFMAN But power women didn't appear to do better than others just because they were pampered, said LaRosa. "Don't think for a minute they didn't also have to manage the household," LaRosa said. "There is still the idea out there, even with this group, that 'we can share the money, but honey you've got the The key, LaRosa said: believing you are in control of your job and home life, a finding that also has been shown in men. "To the extent possible, women should take control of their lives," she said.

searcher Judith LaRosa Interviewed 1,000 women earning an average $133,000 a year including TV anchors, chief executive officers, judges, lawyers and doctors. She compared results with responses from 10,000 other working women having similar ages and educational backgrounds. "This provides new evidence that (executive women) do not necessarily compromise their health," said LaRosa. Among findings, presented at a National Heart, Lung and Blood Institute meeting. WASHINGTON Women executives can have it all health, wealth and satisfaction with their jobs and family suggests a study reported Monday at a cardiac risk conference.

Studies have suggested working women, compared with homemakers, have four times the heart disease rate that home-makers have. But the evidence was from studies of clerical workers, not women in high-powered positions. University of Maryland re 0.4 percent of female executives had high diastolic blood pressure vs. 1 7 percent of the others. 25 percent of female executives had high cholesterol vs.

36 percent of the control group. 70 percent of female executives believed their social support was strong vs. 53 percent of the others. 77 percent of female executives reported complete satisfaction with life vs. 60 percent of the others.

61 percent of female executives said their health was excellent vs. 36 percent. SOURCE: University of Maryland study Small fries beating market It's old hat that smaller stocks are beating the pants off the general market this year. The big question: Can they can keep it up? The answer from four bright small-fry trackers: You better believe it! Their sparkling outlook: potential gains if you pick right of 25 percent to 60 percent over the next 12 months. The move in smaller stocks is just a pimple of what can happen," said Binkley Shorts, a to fed TT.tw jl.kr.'.Tnuf iiiiiiiiiiimnniinin-iltffiTi i- Forecasters say downturn will end between April and June The Associated Press The Associated Press PLAZA HOTEL: Developer Donald Trump will convert the landmark Plaza Hotel into condominiums.

The sale of the 800 rooms could bring in $750 million. Trump planning to convert posh Plaza Hotel into condos percent surveyed in January. Just 7 percent said it began last October, down from 23 percent in the earlier poll. Twenty percent said the downturn will end this month, 26 per-, cent said in May and 24 percent i in June. In the January survey, 16 percent said the recession will', end in April, 20 percent in May and 30 percent in June.

Thirteen percent projected the recession would extend into the third quarter, down from 26 percent forecasting a third-quarter, trough in the January survey. The average length of previous postwar recessions was 11-months. The consensus forecast also expects a contraction in the nation's gross national product of 1.7 percent at an annual rate, compared with the average1 shrinkage of 2.6 percent in the GNP in previous postwar down- turns. After declining 1.6 percent at an annual rate in the fourth quarter of 1990 and 1.8 percent from January through March, the economy will post a 0.9 percent gain in the second quarter, the Blue Chip consensus forecast i said. A recession generally is de-, fined as at least two consecutive quarters of decline in the gross national product the nation's total output of goods and ser- vices.

However, the boundaries of the current recession will be determined by a seven-member See ECONOMISTS5C WASHINGTON Seventy percent of the nation's top economists believe the U.S. economy will pull out of the recession during the current quarter, according to a survey released Tuesday. "Seven of 10 of (the 51 economists) responding now say the recession will be over by April, May or June with nearly equal votes for each of those three months," wrote Robert G. Eggert, editor of Blue Chip Economic Indicators, the Sedona, newsletter that conducted the survey. The survey showed the participants were more optimistic than those in a poll in January when 66 percent forecast an end to the recession this quarter.

The survey participants represent many of the nation's top banks, brokerage companies, corporations, economic forecasting organizations and universities. Bush administration economists also believe the economy's downturn will end between April and June and will be milder and briefer than most of the eight previous recessions since World War II. Some private economists, however, point to continued sharp declines in employment and weakness in the industrial sector as evidence the recession will be neither short nor shallow. Seventy-six percent of the Blue Chip economists now believe the recession began last August or September, compared with 61 leading expert on small stocks. His $260 million Over-the-Counter Securities Fund in Fort Washington, beat the market handily in the first quarter with a hefty 21.5 percent gain.

Our other pros: Jack Laporte, chief of the $1.2 billion T. Rowe Price New Horizons Fund, the leading emerging growth stock player. The Baltimore-based fund had a 28 percent first quarter rise. Stephen Leeb, head of the Alexandria, newsletters Indicator Digest and Personal Finance. He also runs $42 million in assets, roughly 20 percent in smaller stocks.

First quarter gain: about 18 percent. Larry Rader, leader of Merrill Lynch's emerging growth stock group. So far this year, the NASDAQ composite, home of most smaller stocks, is up roughly 32 percent. That's more than double the 14 percent rise in Standard Poor's 500-stock index. NASDAQ's bonanza showing this year is almost double its 17.3 percent gain for the 7Vz years through 1990 a period in which the 500 racked up a five-fold gain of 96.4 percent.

Now to our pros' top stocks: Rader's No. 1 pick: Vivra a provider of dialysis and nursing care. He sees 15 percent to 17 percent earnings growth over the next three to five years. His earnings estimates: $1.45 a share for the fiscal year ending November 1991, $1.85 in 1992. His 12-month price target: $45.

Laporte's favorites are Mercury Finance a consumer finance firm with big military clientele, and baseball card king Topps He pegs both as 20 percent annual earnings growers over the next three to five years. His 12-month price targets are $30 for Mercury and $25 for Topps. Leeb's top plays are paint maker Valspar Corp. medical imaging instrument producer Diasonics and semiconductor maker Standard Microsystems He sees earnings growing 15 percent to 25 percent a year for each over the next several years. His 12-month targets: for Valspar, $6 for Diasonics and $10 for Standard Microsystems.

Shorts sees his favorites showing 15 percent annual earnings growth for several years and gains of 50 percent in 12 months even in a flat market. His picks are specialty chemical maker Cambrex carpet tile maker Interface computer retailer MicroAge trucking firm Swift Transportation (SllVi), and JB's Restaurants a family dining-out chain. and operate the Oak Room, the Palm Court, the Oyster Bar and Trader Vic's in the Plaza. Con-do owners will have use of all hotel amenities, including maid service and a concierge, Trump said. Trump's plan would sell 800 of the Plaza's 813 rooms as condos.

The millionaire developer said he intends to keep the other rooms for his own use. Owners would have the option of renting the condos as hotel rooms and reaping the profits, he said. The units would be sold for an average $1,500 a square foot, compared with the average price of $500 per square foot for condos with similarly posh addresses. The Associated Press NEW YORK Developer Donald Trump announced plans Tuesday to convert most of the landmark Plaza Hotel into luxury condominiums, a move which could cost his ex-wife Ivana her job running the posh Fifth Avenue hotel. A sellout would bring Trump about $750 million, a hefty profit from the $390 million he paid for the hotel three years ago.

The plan must be approved by the state attorney general, who has not received any written proposal, a spokesman said. "I've already been called by so many people looking to buy in," Trump said about his plans for the Plaza, which opened in 1907. "It's going to become a great success." Trump still holds a reported $300 million mortgage on the property. As to his ex-wife's future at the Plaza, Trump said only, "I haven't made a determination on that." But The New York Times, citing an anonymous source, reported Mrs. Trump would soon lose her position as manager of the Plaza.

The conversion plan comes at a time when Trump is under pressure from his bank lenders to sell his assets and generate cash. Trump narrowly averted a bankruptcy filing last year. Trump will continue to own Lawyers may buy former Sirloin House Houghton: Quality counts in global competition By WAYNE PRICE Star-Gazette Star-Gazette that building and began practicing law there in the 1940s. Gerald DeFilippo did not give a purchase price for the building or the reason why they are leaving the Church Street location. Because a clause in Shepard's deed to the property required approval by the Urban Renewal Agency for any new use of the building, the brothers sought a resolution by the Elmira City Council.

The council approved the building's new use at its Monday meeting. The DeFilippos told city officials they would have no more than four lawyers working out of the new building. Also, no exterior changes would be made to the building, they said. State Street. Last August, Michael Trombet-ta opened the Sirloin House at the West Water Street location but closed it just a few months later because of the weak economy.

Gerald DeFilippo said the lack of parking near the restaurants may have contributed to their demise. And though it could be a problem with their law practice, it isn't as dependent on parking as a restaurant might be, he said. "I don't think it's as critical for a professional office," DeFilippo said. Since the 1960s, the brothers have practiced law from their office at 408 E. Church Elmira.

Their father and uncle purchased "meeting and exceeding your customer's requirements on time, every time." He offered a six-pronged strategy for achieving quality. The strategies: Provide unquestioned leadership. Focus on customer results. Train all employees. Achieve and recognize employee participation, Communicate about quality continuously, both inside and outside the company.

Provide measurements, processes and tools to achieve quality. From steak and potatoes to lawyers and writs the building on East Water Street, Elmira, once the site of the Sirloin Room and Sirloin House, will become home to the law practice of Frederick and Gerald DeFilippo. Gerald DeFilippo said he and his brother hope to close the deal to purchase the property next month and move into the building by Aug. 1. Morris W.

Shepard Jr. of South-port is selling the building to the lawyers. He opened the Sirloin Room on West Water Street in 1978 and it closed April 30, 1990. Previous to the 1972 flood Shepard operated the restaurant on Corning Inc. Chairman James R.

Houghton addressed the issue of global competition at the annual meeting of the Latin American Association of Glass Producers recently in Cancun, Mexico. "In global competition, the hurdles are getting higher, and there are more players coming onto the field," Houghton said. "The quality of your products can mean survival. Without quality, you cannot be a successful global competitor." Houghton defined quality as Dan Dorfman is the business columnist for USA Today. His column runs every Wednesday.

2 IN BUSINESS Market roundup communication innovation and quality activities, as well as pricing and service levels." The winners were honored recently in a ceremony at the Corning Hilton ft 1 DOW I 45.54 I 2,873.02 I I I I 1 I 1 I 4 I I 1 I a ON THE MOVE Prudential honors insurance agents MANSFIELD Two agents at the Mansfield office of the Prudential Insurance Co. have been honored by the firm. Rosemarie Lugg has been awarded a 1990 President's Citation, an honor that goes to the top 10 percent of agents throughout the company. It recognizes "outstanding sales and service" during the year. Lugg is active in the Life Underwriters Association.

She lives in Nelson with her husband, Robert, and two of their children, daughters Lenore and Anne. She will receive her award at the company's International business confer- Nw York 576 1043 dec. Most Active: Saatchi Sat 1 Sales: 169,940,000 Index: 204.74 2.43 Bonds: $40,680,000 American 275 320 dec. Most Active: Fruit loom 15Vi Sales: 13,780,000 Index: 363.64 0.61 Bonds: $5,590,000 Chicago Wheat: Lower. Corn: Lower, Oats: Lower.

Soybeans: lower. PUROLATOR HONORED: The Motor Components Division of Purolator Products Co. in Elmira Heights was honored recently by the board of Elmira-Corning Junior Achievement for the company's "dedication to the youth of our community" through its sponsorship of Junior Achievement programs. Purolator has supported Junior Achievement programs for 20 years. Corning Inc.

cites 2 carriers, agency CORNING Corning Inc. has named two surface carriers and one ocean shipping agency as its Quality Carriers of the Year for 1990. Selected for the honor were Consolidated Rail Corp. of Philadelphia, Jones Shipping Agency of Pittsburgh and Schneider National if Green Bay, Wis. Conrail is a repeat winner.

It also was recognized by Corning in 1989. Corning said its selections were based on "performance In administrative, LUGG POTTER ence in Hawaii this month. Patricia Potter has qualified for the regional business conference for sales and service in 1990. She also has been awarded the National Quality Service Award. Potter, a Mainesburg resident, is active in the Life Underwriters Association.

Potter will be recognized at the company's annual leadership conference in Fort Lauderdale, in June. Compiled from staff reports..