The Indianapolis News from Indianapolis, Indiana • 38

Bgdsdbdss THE NEWS WEDNESDAY, DEC. 31, 1986 PAGE 38 must cut long-distance rate FCG's 'truly good news' will save callers an average of 1 1 u1 IDfiY'S company had proposed In Nq- vember. Allied (Blocks) deal moves By PENNY PAGANO The Los Angeles Times WASHINGTON The Federal Communications Commission has ordered the American Telephone Telegraph Co. to reduce its long-distance rates by $1.85 billion beginning Jan. 1, saving consumers an average of 1 1 percent on long-distance calls.

The price cut. the fourth in less than three years, is "truly good news for American consumers." FCC Chairman Mark S. Fowler said Tuesday. "We project that the average price of long-distance calls will drop by 11 percent, with no change in local telephone rates," he said. Although the rate reductions will affect various types of longdistance service, the biggest savings will be made in charges for late-night and weekend calls, which are already less expensive than early evening and daytime long-distance calls.

Looking ahead to the New Year's Day football games. Fowler said a five-minute daytime call from Pasadena, the site of the Rose Bowl, to Ann Arbor. would cost $1.68 on Jan. 1. 1987, compared with $2.53 in January, 1984.

Noting that other long-dis tance companies not regulated by the FCC. like MCI and Sprint, are expected to offer similar rate reductions, the commission projected that the potential overall savings to businesses and consumers would exceed $2 billion. Because of this latest reduction, Fowler said, "the average consumer will be paying longdistance rates that are about 30 percent lower than what they paid three years ago." The FCC said the AT rate reductions that take effect Thursday were 50 percent greater than the 8.1 percent price cut of $1.2 billion that the phone Area residents like quality of But crime, government get low marks Residents rating economy as good or excellent in 1986 The Associated Press NEW YORK Sharehold-ers of Allied Stores par-, ent of Indianapolis-based Blocks department stores, early today approved Cam- peau $3.5 billion ac- quisition of the New York-, based retailer, the companies announced. The deal is to be closed to-- day, the companies said in a statement. Separately, a Campeau spokeswoman declined to on reports that the company might shed 15 Allied divisions, including Blocks.

Women's Wear Daily report-t ed earlier this week that Cam-. peau may sell 15 Allied divisions to reduce the debt it incurred financing the deal. Robert Campeau, founder and chief executive of the To- ronto-based reai estate devel- opment concern, previously said he would shed some Al Tipton merger The Indianapolis News Merchants National Corp. has completed its acquisition of Citizens National Bank of Tipton. Citizens is the second largest bank in Tipton County and was founded in 1898.

It has $56 million in assets and two offices in the county. With Tuesday's announcement. Merchants completed its 10th acquisition since the start of bank deregulation in 1985. The company has two The Indianapolis News Indianapolis area residents will enter 1987 in reasonably good spirits, according to the latest Walker Poll. Moi than 70 percent of those questioned by telephone said they thought the quality of life in the area was either excellent or good.

The lowest rating of 74 percent was in October and December. The highest rating of 82 percent was in July. In looking at the economy, area residents grew more optimistic as the year progressed. Of those questioned in January. 58 percent said they thought of the local economy as good or excellent.

By December, that figure had risen to 65 percent. Each month. Walker surveys 100 metropolitan area residents at random. Throughout the year, residents have expressed satisfaction with both the quality of life and the economy in Indianapolis and its seven surrounding counties. While generally happy, there are specific issues which annoy local residents.

Among them are crime and the performance of the metropolitan government. Residents mentioned crime most frequently as the area's greatest single problem. In December, 1 1 percent of those surveyed listed it as Public Problem No. 1. In December, crime was followed by poor road conditions, 10 percent; excessive traffic, 9 percent: and unemployment and education, each with 7 percent.

8-county 66 60 Jl 54 A Marion 66 60 54 I A Biomet sets earnings record The bigger AT rate reduce; tions are primarily the result of; decreases ordered Dec. 24 by the commission in the charges and other companies pay to local phoney companies for local In addition, the FCC said the" new rate reductions reflected Its', findings that AT had timated the costs of operating its; long-distance network by $225 million, including projected costs I See Page 39 life here Confidence in local govern-; ment waned as the year pro: gressed, according to Walker. The City-County Council had a peak approval rating of 63" percent in April, but dropped to a yearly low of 51; percent in December. In rating the quality of gov---ernment, 74 percent of local residents rated it good or excellerjC in June, while only 57 percent offered that same rating by De--cember. While area residents are hap- py here, they do not consider Indianapolis to be exceptional Four out of five surveyed called; the place average or better than average.

Only 1 7 percent oC those surveyed took an extreme" view of the city as one of the nation's worst or best. The poll also said area resi dents approve of Robert Irsay'Sj decision to fire Colts head Rod Dowhower and replace him: with Ron Meyer. Of those surveyed, 56 percent! agreed with the firing and 1 8 percent disagreed. As fot: their opinion on Meyer, 63 per- cent called him good or excefci lent. Only 2 percent branded' him a poor choice.

The Walker Poll is conducted monthly via telephone by Walker" Research a local marketing, and survey research group. The" company calls at least 100 per-? sons at random in the eighth county Indianapolis area each" month. Walker said that plus-or-mi-" nus nine percentage points, the results of a 100-person survey! are 95 percent accurate. 201,243,071 (3,222,402) 194,264,575 57,313,780 8,765,842 5,526,784 25,967,813 291,838,794 267,708,904 548,783 ACCOUNT 1,580,087 this 1 4th day of November, 1986 ft The Indianapolis News WARSAW, Ind. Biomet Inc.

announced record earnings for its second fiscal quar- ter ended Nov. 30. A manufacturer of orthope- die and other medical devices, Biomet earned $1.9 million or 16 cents per share on sales of $13 million during the quarter. That is a 57 percent increase in earnings over the second quarter of 1985. In that three month period, the lied properties if his takeover succeeded.

The fashion business publication quoted industry sources as saying Campeau's plans could change, but currently it was considering keeping six divisions that generated the bulk of Allied's profits in 1985. Besides Blocks, the story said the Allied divisions destined to be put on the block include: Joske's in Dallas; Bonwit Teller in New York; Garfinckel's in Washington; the three units of Catherine Stout Shoppe in Memphis, Tenn. and Los Angeles; Plymouth Shops in New York, Miller Rhoads in Richmond, Millers in Knoxville. Deys in Syracuse. N.Y.; Cain-Sloan in Nashville, Donaldsons in Minneapolis; the two Pomeroy's divisions in Harrisburg and Levittown, Herpol-sheimer's in western Michigan; and Heer's in Springfield.

Mo. completed other announced mergers pending. The state's third-largest bank holding company. Merchants has assets of $4 billion. It is an Indianapolis corporation, and its leading bank is Merchants National Bank Trust Co.

Merchants also has banks in Greenfield. Greencastle. Greenwood, Shelbyville, Car-mel, Anderson, Danville, Seymour, Zionsville and Conners-ville. company earned $1.2 million or 12 cents per share on sales of $10.4 million. For the first six months of the company's current fiscal year, Biomet has had sales of $25.6 million.

Of that amount, $3.5 million or 31 cents per common share has been net income. Biomet is managed by its two founding owners: Niles L. Noblitt, chairman and executive vice president, and Dane A. Miller, president and chief executive officer. regularly with steel labor spe- 5.40 7.04 5.46 7.07 6.06 8.36 5.12 7.39 5.5 6.5-6.8 4.25-5.25 5.5-6.8 5.30 6.25-6.9 5.45-5.85 6.55-7.2 6.15-6.5 7.5-8.4 Florida overtakes Illinois in residents Statement of Condition of the Indianapolis Morris Plan CORPORATION in the State of Indiana at the close of business on December 31, 1985 metro area AS OND County SON Source: The Walker Poll, December 1986.

cent, and Georgia, up 12 percent. Since the 1980 census, California has added the most people. 3.3 million, followed by increases of 2.5 million in Texas and 1.9 million in Florida. Eight states actually lost population during the one-year period. Problems in the farm belt caused population losses in Iowa.

Nebraska, North Dakota, Montana and Idaho. Also suffering declines were West Virginia, Oklahoma and Wyoming, states where depressed energy industries have caused layoffs and rising unemployment. Two other energy states, Texas and Louisiana, had much smaller gains than in previous years. Midwest increases All of the industrial states of the Midwest showed population increases in the 12-month period, reflecting a gradual rebound In the economies of that region, the Census Bureau said. Indiana's population increased 0.2 percent from 1980 to 1986.

from 5.49 million In 1980 to 5.504 million on July 1, 1986. The figure also marked some growth from July 1985, when there were 5.5 million Hoosiers. Florida has moved up from 10th place in the population rankings since 1960. The only other state with a similar gain has been Texas, which has risen from sixth to third place since 1960. Here are top 10 as of July 1: California.

26.981 million. New York. 17.772 million; Texas. 16.682 million: Pennsylvania, 11.889 million; Florida. 11.675 million: Illinois.

11.553 million; Ohio. 10.752 million: Michigan. 9.145 million: New Jersey. 7.62 million, and North Carolina. 6.331 million.

Steel breakthrough unlikely The Associated Press "It would be a herculean PITTSBURGH Spokes- effort for any kind of report to men for USX Corp. and the be issued" by today, said United Steelworkers say they USW spokesman Gary Hub-doubt if a mediator' will be bard. "A report could come, i ready today to issue recom- but onlv the mediator knows mendations to settle the na- and he saying-" 5 tion's longest steel work stop- USX Executive Vice Presi- page dent Bruce Johnston and USW Treasurer James Mc- "Dec. 31 was the date that Geehan have been meeting we all agreed to that we want- ASSETS Loans and Discounts Less: Unearned Discount Reserved for Possible Loan Losses Net U.S. Government Obligations, Other Bonds and Securities Cash on Hand and Due from Banks Property and Equipment Used in Business Other Assets TOTAL ASSETS ed some recommendations, cialist Sylvester Garrett since and that's what they're work- mid-December, when Garrett ing toward." USX spokesman was brought in to break an Thomas Ferrall said Tuesday.

impasse in the bargaining. Lawyer to pay $500,000 Associated Press former partner in the Chicago WASHINGTON A Chica- law firm of Schiff Hardin i go lawyer has agreed to pay a Waite, would pay a penalty $500,000 penalty for trading equal to illegal profits of the stock of client compa- $271,312 plus an additional nles using inside information penalty of $228,688. about takeover bids, the Securities and Exchange Commis- The commission said Elliott sion said. traded on inside Information The SEC announced Tues- from March 1984 through day that Alfred Elliott. 42.

a February 1986 I LIABILITIES Passbooks and Certificates (includes $10,578,148 of Certificates in denominations of $100,000 or more) Reserve for Taxes, Interest, etc. Other Liabilities TOTAL LIABILITIES Tally of Hoosiers up by 0.2 percent to 5.504 million By MARTIN CRUTSINGER The Associated Press WASHINGTON Florida advanced from sixth to fifth place, and Illinois dropped to fifth, but the rest of the population rankings of the 10 biggest states remained unchanged in 1986, the Census Bureau reports. The bureau released Tuesday its latest state-by-state population count, showing that California held onto the No. 1 spot, with a total population of 26.981 million, followed by New York, Texas and Pennsylvania. Florida, however, moved ahead of Illinois to take over No.

5 in the rankings with a population growth rate of 2.7 percent, substantially ahead of the 1 percent growth for the total U.S. population from July 1985 to July 1986. the date of the new estimates. 6.4 higher The bureau put the total population at 241.077 million as of July of this year, 6.4 percent higher than the figure during the 1980 census. The new population estimates showed that the South and the West continue to have most of the nation's population growth, increasing by 13.2 million in this decade, compared to a rise of 1 .3 million for the rest of the nation.

Among the big gainers in the past six years have been Alaska, with a 33 percent population in crease: Arizona, up 22 percent: Florida and Nevada, both with 20 percent gains; Texas, up 17 percent: California, Utah and New Mexico, with 14 percent in CAPITAL Capital Notes Investor scorecard 123186 Month Ago Tear Ago GOLD (Troy oz.) SILVER (Troy oz.) U.S. TREASURY BILLS Common Stock (authorized 20,000 shares issued and outstanding 7,385 shares) 1,110,500 Zl Surplus 6,139,500 Undivided Profits 11.959.535 Total Capital Account 20,789,622 Total Liabilities and tj Capital Account 291,838,794" State of Indiana, County of Marionp: Kevin M. Smith, Vice President, Controller of Indianapolis -Morris Plan Corporation do solemnly affirm that the above- statement is true to the best of my knowledge and belief. KEYINM. SMITH Discount rate 0 90-day 5.68 180-day 5.68 U.S.

SAVINGS BONDS 6.06 (Series EE, semiannual yield) MONEY MARKET MUTUAL FUNDS (11,000 minimum) Liquid Green. 5.26 PASSBOOK ACCOUNT MONEY MKT. SAVINGS 5.00 ($1,000 minimum) SUPER NOW 4.25-5.25 minimum) 91 -DAY CERTIFICATE. 5.4-5.7 (SMO-SZMO minimum) 6-MONTH CERTIFICATE 5.6-5.9 (S5OO-U5O0 minimum) 2 V4-YEAR CERTIFICATE 6.15-6.4 minimum) Subscribed and sworn before me, GAIL IAZZETTI Notory Public (Seal) My commission expires April 23, 1988. creases: Colorado, up.

13 per.