The Journal Times from Racine, Wisconsin • 33

MIMIC a dodlme tlic'JoiinialTlniesi By Geeta Sharma-Jensen Journal Times RACINE Preferential hiring and benefit concessions were issues on the table this morning as negotiations between American Motors Corp. and the United Auto Workers union continues at Rosemont, 111. AMC Tuesday told the union it would begin carrying out its threat to close its Kenosha and Milwaukee plants if a new, competitive three-year agreement is not worked out by June 28. Company spokesman Lloyd Northard said in a telephone interview today the deadline was set because if the company proceeds with plans to discontinue its operations in Wisconsin, it will have to begin to take the necessary steps then." On May 25, AMC gave state and municipal off-ficials a 60-day notice of its intent to close a stamping plant in Milwaukee Sept. 16 and begin to phase out its two car plants in Kenosha by July, 1986 if it couldn't get extensive concessions this decade.

The union has said it wants some security in return for concessions which include a 37-cent-an-hour wage cut. (The average production worker earns about $13.44 an hour i But Northard said the company cannot make such a commitment because it cannot predict the auto market. "They brought it up again yesterday," he said today. "We have told them repeatedly nobody in the industry makes such a commitment and there's no way AMC can do that," AMC's present contract with the Kenosha and Milwaukee locals expires Sept. 16, hut the automaker says it needs a concessionary contract soon to be competitive with other U.S.

automakers. Meanwhile, Gov. Anthony S. Karl Wednesday sent a telegram to AMC and UAW leaders, offering his help and saying he was encouraged by progress in this week's talks. from the union.

Northard said negotiators were meeting in small groups this morning and main talks were to begin at 1 p.m. Talks will be moved to Milwaukee next week, he said. Asked if the company had responded to demands by the union Local 72 from Kenosha and Local 75 from Milwaukee for job security provisions, Northard said AMC Wednesday presented a job security proposal modeled after a General Motors Corp. proposal and one negotiated by AMC in January wjth employees at its Jeep plant in Toledo, Ohio. That proposal includes setting up a "job bank" which specifies who would be eligible for continued pay and other positions in case of layoffs resulting from "a transfer of operations," said Northard.

The union also wants AMC to commit itself to producing vehicles in Kenosha after the Alliance and Encore are phased out toward the end of THURSDAY, JUNE 13, 1985 i r. Tax on gasoline: Texas Afo to TWA major nations Business Bits Compiled by David Pfo'cucbn American motorists have it easy compared to other maior nations, paying just 17 percent ot the purchase price of gasoline in tax Only Canada has gasoline taxes close to this low. with 27 percent Italian and French drivers pay the most to their governments 65 percent and 59 percent, respectively, ot the purchase price, which amounts to more paid in tax than Americans pay in total per gallon GASOLINE PRICES AND TAXES: MAJOR NATIONS Average prices and la per gallon year end 1984. in dollars Percentage ol price paid as lax in parentheses) xfn pwcn ITALY $1 59(65). CREAT BRITAIN $1 04(54) already owns 32.8 percent of TWA's stock, and has offered $18 for each of the remaining shares of the New York-based carrier.

TWA's stock closed Wednesday at -z a share, down 25 cents, in New York Stock Exchange composite trading. Icahn's bid to purchase additional TWA shares had been temporarily hailed by. a Missouri court. But on Wednesday the judge lifted his restraining order, saying that since TWA was negotiating with other interested suitors, it put Icahn's group at a disadvantage. Under its agreement with Texas Air, TWA is expected to become a Texas Air unit, with its current management and board of directors in place, the source said.

NEW YORK (AP) Trans World Airlines Inc. has agreed in principlc-to be acquired for about $793.5 mil-, lion by Texas Air the parent company of Continental Airlines, a source close to negotiations said today. The offer from Houston-based Texas Air, which also owns New York Air, calls for the company to pay $23 in cash and debt securities for each of TWiA's 34.5 million total common shares outstanding, said the source, who spoke on the condition that he not be identified. TWA has been aggressively seeking a friendly buyer in order to avoid an unwelcome takeover attempt by New York investor Carl C-Icahn. An investor group led by Icahn $1 92 $2 46 SWEDEN $080(44) JAPAN $084(35) 0 $1 82 $2 39 WEST CERMANY $0 85(47) FRANCE $1 29(59) S1 81 CANADA $038(27) NETHERLANDS $1 19(58) a Shoe quotas urged $1 43 liZl'' 1204 1 7 WASHINGTON (API A five-year program of import quotas has leen recommended by the U.S.

International Trade Commission to provide help lor the reeling American shocmaking industry. Four of the five commissioners on Wednesday joined in a recommendation for an import quota of 474 million pairs of non-rubber footwear a year. The quota, which fell short of industry requests, would remain unchanged for two years, would rise 3 percent in the third year, 6 percent in the fourth, and 9 percent in the final year. Shoes with a customs value under $2.50 would be excluded from the program. "It (the import plan' is not a panacea." said ITC Chairwoman Paula Stern.

"No cure-all She said no other U.S. manufacturing sector faces tougher competition from abroad than the domestic shoe industry. While the commissioners' recommendations varied slightly, only Vice Chairman Susan Liebeler called for no import barriers. Instead. Along with the majority's recommendation, her opinion will be forwarded to President Reagan, who makes the final decision.

Stale and federal InloGrophics News America Syndicate, 1985 SOURCE: A Livingston. Business Oufloo US Ensrgy Information Administration Pilots' council mulls strike accord lines during the strike, The status of experienced captains and first officers hired as replacements. Flight attendants another group of employees who largely honored picket lines still are negotiating a back-lo-work arrangement with United, which has has said the ALPA has no authority to bargain for workers represented by the Independent Union of Flight Attendants. But the pilots union statement also.said the pilots' contract will not be ratified until the flight attendants have reached an equitable D. Hall, chairman of the council, said no details would be released until the council reaches its decision, which will be final and not subject to ratification voting.

United officials also declined to discuss the agreement. United spokesman Joe Hopkins said earlier Wednesday that the airline would announce no details about resumption of service "until it is sure it has an agreement." Spokesman Chuck Novak said it would be "some days" after ratili: cation before United is back in full operation. The New York Times reported in today's editions that sources for both sides said the proposal would leave crucial unresolved back-to-work issues up to a federal judge in Chicago. The newspaper said the mechanism for a ruling would be an unfair labor practices suit the union filed against the airline and that U.S. District Judge Nicholas Bua would decide three main remaining points of contention: The company's promise to non-striking pilots that they could leapfrog striking pilots in bidding lor cockpit assignments.

The union's demand that the company hire 570 people it trained as pilots but who honored picket CHICAGO AP) Leaders of the Air Line Pilots Association considering a proposal to end the 4-week-old strike against United Airlines also are keeping an eye on talks with flight attendants and the pilots' lawsuit against United. The tentative settlement to the strike by 5.000 pilots, drafted by a federal mediator, was scheduled lor consideration today by the ALPA's 27-member master executive council, said spokesman James E. Waters. Union negotiators spent about four hours at a suburban motel on Wednesday briefing the council on the agreement. Waters said.

Roger BURROUGHS, SPERRY TALK MERGER: Burroughs Corp. and Sperry two of the world's largest computer makers, announced today they have opened negotiations aimed at a merger of the companies, the Associated Press reported from Detroit. Detroit-based Burroughs and New York-based Sperry released a one-sentence statement saying "they are engaged in negotiations with respect to a common stock merger of the two companies." Burroughs spokesman Irvjng Geller declined t'uther comment. TWIN DISC DICKERING: Twin Disc the Racine based maker of power transmission equipment, said it and General Motors Cnrp's Detroit piesel Allison division have, signed a "memorandum of understanding to pursue the feasibility of Twin Disc acquiring the rights to the design, manufacturing and distribution" of the Allison twin turbine cycling transmission used in off-highway equipment. "If this acquisition is successfully concluded," Twin Disc said in a news release, "it would have a positive, but gradual impact on Twin Disc's Racine employment." PARKER PEN MULLS OPTIONS: A review of options for Parker Pen Co.

includes selling the entire firm or its pen business, a vice president said after a board of directors' meeting, the Associated Press reported from Janesville. Robert Collins, vice president and general counsel, was asked Wednesday if a sale of the pen operation and of the whole company was among the options under consideration. He replied, "Yes, that's been part of the conversation, but it's all very preliminary." The pen business has been losing money, but Parker's Glendale-hased Manpower Inc. temporary-help subsidiary is profitable. Parker's annual sharehol-dermeeting had been scheduled for Wednesday, but it was postponed until Sept.

12 to allow (or preparation of a report to shareholders on the analysis. A letter to shareholders said the review of options was in its final stages. The review was launched after Mitchell S. Fromstein, who heads Manpower, assumed the additional posts of president and chief executive officer of the parent company earlier this year. The board of directors decided Wednesday to suspend the quarterly cash dividend and instead approved a 3 percent stock dividend payable July 17 to shareholders of record June 25.

WGTD HIRES: David P. McGrath has been hired part-time to host the weekday Morning Edition program at WGTD-FM. the Kenosha public radio station operated by iateway Technical Institute. McGrath, 36, replaces William Guy who will will become WGTD's Racine County news director, a full-time position vacated by Shawn DeLong who moved to Louisiana in March. McGrath had worked at WRJN-AM, 4201.

Victory from January of 1984 until June 3, when he was fired as host of that station's morning drive show, as previously reported. McGrath, who lives in Kenosha, said last week he was planning to work at WKRS-AM in Waukcgan, but when offered a job at WGTD Monday, he accepted because it meant better hours, more pay and a shorter drive to work. Guy said McGrath is expected to take over Friday as host of Morning Edition, a combination of programming from National Public Radio and WGTD staffers. CLAYTON HOUSE FORECLOSURE STARTS: The Papas Trust, Chicago, has started proceedings in circuit court here to foreclose the mortgage it holds on the 22-year-old, 78-unit Clayton House motel, 5005 Washington Ave. The major defendant is Clayton House Motel of Racine, an Illinois limited partnership in hich Ali Yusuf of Oak Brook is the general partner.

The partnership operates the business and holds the lease on the building and site, which are owned by the trust. In papers filed with the court June 3, the trust says the partnership is in default on the mortage and owed it a total of $92,647, including interest, on May 31. The trust is controlled by Constance G. Bacantain, Chicago, the idow of Spiro J. Papas, who died in 1967.

The Clayton House, which remains in operation, was taken over by the Yusuf partnership in 1979. Yusuf, in a telephone interview Wednesday afternoon, said he plans to meet next week with Gregory Papas, who manages the trust's affairs, to make a settlement. "It's not a large amount of money." Yusuf said. He noted that a. new general manager.

Amjad Umer, was recently installed at the motel to succeed Shabbir Ammad. Yusuf said he became aware of the foreclosure action on Tuesday. HONDA EXPANDING IN OHIO: Honda Motor Co will expand its new' motorcycle engine plant near Marysville, Ohio, to add production of automobile engines by the fall of 1986. the Wall Street Journal reported. Honda said it will have the capacity by the end of 1986 to build 60,000 1.5-liter auto engines a year.

The engines will be used in Civic.subcompact cars that Honda will begin building at its Marysville assembly plant in mid-1986. Honda currently builds the Accord compact there. Honda said the motorcycle engine plant is scheduled to begin production July 22. The plant cost $30 million; the expansion to produce car engines there will cost an additional $40 million. LORIMAR BUYING BOZELL ft JACOBS: Lor, mar Culver City, an entertainment and communications company, said it has signed a le'tter of intent to acquire Bozell Jacobs a New York-based advertising agency whose accounts include Tenneco Racine-based J.I.

Case for cash and notes totaling about $40 million. The acquisition marks Lorimar's second move into the advertising business. Lorimar, which bought Kenyon Eckhardt for $20.9 million in 1983, said it intends to merge that advertising agency with Bozell Jacobs, creating an entity it will call Bozell, Jacobs. Kenyon Eckhardt. Combined billings of the two agencies will exceed $1 billion, Lorimar said, which' would make it the 11th largest agency in the U.S.

and 15th largest worldwide in terms of billings, the Journal said. Bozell Jacobs operated a Racine office from 1972 to 1976, when it moved the operation to Milwaukee. The Milwaukee office was closed in mid-1983; its operations were transferred to the agency's Chicago office. Bozell Jacobs, which has 21 domestic and international offices and 1,591 employees, reported billings of $671 million in 1984. In addition to Case, its accounts include American Airlines, American Stores Armour wieat products, Lee jeans.

Greyhound Minolta cameras and Nabisco Brands Inc. Lorimar, best know for producing the television drama "Dallas," said it homes to complete the merger in January 1986. BILOTTI BACKS BILL: Kenosha Mayor John Bilotti testified Wednesday that passage of a utility diversification bill could provide an "economic and prosperity transfusion" to the Kenosha area, the Associated Press reported from Madison. "I'm talking about the economic lifeblood of our community," Bilotti said at a crowded Capitol hearing. He testified in support of a bill to permit utilities to set up holding companies.

About 150 people jammed into the Jiearing room for testimony on Senate Bill 169, sponsored by Sens. Barbara L'lichny, D-Milwaukee and Joseph Andrea. D-Ke-nosha. Bilotti told the committee the Legislature has "the power to provide an economic and prosperity transfusion" with enactment of the bill. Wisconsin Electric has announced plans to develop a 1.300-acre industrial park next to its power plant at Pleasant Prai- Tie in Kenosha County, contingent on passage ot ihe bill, ine uul- Fluid-power operations consolidating here tions at Mentor, a suburb of Cleveland, to the plant at Easley in November.

In addition to Racine, Webster has plants in Benton Harbor. and Frankfort. Ky. Webster's fluid power products include hydraulic gear and piston pumps, power units and valves lor car, industrial, marine and mining industry applications. The Mentor unit makes Cartridge-type hydraulic valves and integrated, hydraulic circuits marketed to makers of contruction machinery, farm equipment and machine tools and others.

combined operation here. In addition, Walter L. Braun, director of sales and marketing at Mentor, has been named marketing director for the Webster Fluid Power and and Fluid Controls product lines; Jeffrey Karaletsos, sales and marketing manager for Webster's fluid power division, has been named director of Webster Fluid Products; and Gary J. Dieterich, formerly systems manager at Mentor, has been named business systems manager here. As reported earlier.

Sta-Rite transferred manufacturing opera operations in Mentor, is being made "reduce overhead and strengthen services, such as research and development, marketing and quality control Hubbard said. Webster's general manager, Richard II. Olson, will head the combined operation. The consolidation will result in the loss of about 30 jobs at Mentor, Olson said. Another 25 workers at Mentor will be tranferred to the Fluid Controls plant at Easley, C.

or the Racine plant on Clark Street. Jerome M. Kozik, the former gen- eral manager in Mentor, has been named division manager of the By Kim McAuliffe Journal Times RACINE Milwaukee-based Sta-Rite Industries Inc. said it is combining its two fluid power operations. Fluid Controls Inc.

at Mentor, Ohio and Webster Electric Co. Inc. here, in a reorganization (hat will be completed by fall. The combined operation will be based at Webster's headquarters plant at 1900 Clark said Glenn R. Hubbard, Sta-Rite's vice president for operations.

The move, which will shut down Livestock MILWAUKEE (AP) Wednedey cattle market: choice ateera 51.00-54.00: choice heifers 49.0 -52 00: good to choice Holstein ateera 39.00-50 00: standard steers 31 00-35 00: dairy heifere 41.00-44.00; utility cows 35.00-40.00; cannera and cutters 35 00-40 00; commercial bulla 45 Common bulls 42.00-44.00. Wednesday a carl market: choice treat 65 00-75 00 good veal 55 00-65 00: feeder bulls 60 00-105 00: replacement heifere 60.00-75 00. Wednesdays hog market: sows 300-350 lbs. 34 50-36 50: 450-500 lbs. 35 00-37 00; over 500 lbs.

36 00-38 00: butchers 220-250 lbs. 42 00-43 00: boars 34 00 and down. Wednesday lamb market: good to choice 40 00-68 00: ewea and bucks 6 00-12 00 Thursday estimated receipt: 600 cant. 400 calve. 1O0 hogs and no lambs.

i 3.4900 Dutch guilders, up from 3 4710. 1 968 Italian lire, up from 1.957 37 1 3695 Canadian dollara. unchanged In London, the Britieh pound was quoted at $1 2625. compared with SI. 2652 late Wednesday Gold opened in London at a bid price of S313.60 an ounce, againat Wednesdays late $314.00.

At midmorning today, the city five maor bullion dealers fixed their recommended price at 831 4 10 hi Zurich, the noon bid price waa $313 80. down from $314 50 late Wednesday. In New York Wednesday, gold waa unchanged from Tuesday at $313 75 Silver and gold Sliver Chicago Mid America 1 .000 ounce June (6 14: July $6 22: September $6 30; December sales. 1 tocontracta. GOLD Chicago Mid America 33 2 troy ounces June $313 00: August October $315 50; December previous sale 27 contracts Dollar, gold Over the counter Bid Ltndberg Corp 4'.

Marine Corp 32 Marshall tl. Corp 60. Modine I'1 Stearns Mlg 7'i Versa Tech H. Mutual funds Bid Affiliated 88 Century Shares Trust 16 54 Fidelity 16.27 Investors Mutual II 62 Investors Stock 14 58 Investors Variable Pay 6 45 Massachusetts Inv. Tr II 67 Massachusetts Growth 11 40 Newton Growth 27 Nicholas Fund 24 82 Selected Am Shares 11.70 Local interest Courtesy Robert Baird 6 Ce.

Inc Quotations as of 16:30 a.m.: High Low Last Am Motors 1 2'. 2'i Amerilecn Ametek 24' i 24'i 24' BecorWestern 14'. 14'. 14' 4 Dana Corp I'1 27'. 27'.

Dayton Hud. Corp 43' i' 43 43 Emer 70'. 70 76'. Evans 7 First Wis Corp 30'j GnSigCorp 41 v. 41 41 Gould Inc 22H 2t'i 22S mart 37'.

37s 41', 41H Massey 2'. 1 2'. Mattel Inc '4'a 14'. 14'. Vulcan Mat 77 i 77 77', i Wicor Inc 28'.

26 28. Ask Wis El Pow 17'. 36'. 37i. NC 5'.

WisPSvc 35'. 35'. 351. 331, Wis Pwr Lt 35'. 15' 35'i "iJ Grain futures 8 CHICAGO (API Futures trading on the Chicago oad ot Trade Wednesday.

WHEAT 5,000 bu. minimum; Dollars per bushel. Ask Open High Low Last Chg. 10 65 Jul 3 21 1 23 1 28 OS L. Sep 2.24J.

3.30' i 114'. 1.24'. NL Dec 111'. 137'. l.lli.

3.36'. 041, 12 45 Mar 3 33 3 37i. 3.33 3 37 04 17 45 May 3 25 1 28'. 3 23. 1 241, 021.

4 40 Jul 3 04 3 0i 3 0 7 3.08 OO'i 12 80 Prev. sales 6.847 12 24 Prev. day's open mt 38.440, up 213. CORN S.OOO bu. minimum; L.

Dollars per bushel. NL. Jul 2 77 2 78'. 2 761. 3 78'.

.0111 Sep 2 4 7 7 63 2 61'. 2 42', Ml. Dec 2 S7'i 2 541. 2 57i. 2 S6.

01 Mar 2 44'! 2 67'. 1 44 3 47' .00. May 2 441. 71 2 70' 1 Jul 2 6i. 2 70i l.W'i 3 701.

Sep 2.56 2 S7T 7 56 2 54'. Prev sales 23.44. Chng Prev. day's open int. 101.425.

up 51. HC OATS S.OOO bu. minimum; Dollars per bushel. 15H. i jj jji, 001.

Sep. ISO1! 1.4' 144', Dec I 54', Mar 158'. NC May I.M Prev sales 427. Prev dey's eeeetnl 2,42. up S7.

SOYBEANS S.OOO bu. minimum; Dollars per bushel. Jul 5 67 44 5 82', 5 64 01V, Aug 5 62 5 61, 5 77 577 NC Sep 5 76 5 86 72 TJ'l NC Nov 5 68', 5 68', 5 75 5 76 61'-. NC Jan 5 65 5 44 5 64 NC Mar 5 45', 6 61', 4 5 44 May 4 04', 49', 6 62'y trl't Jo" 4 it 4.13 4.67ii '4 Prev. sate 1 731.

NC pre. day see it 47,45, up $7. Foreign exchange (Quoted i American June 12 1.2474 7)07 .0014 4717 0442 .8141 0002 .1044 1245 oori .217 MIS Yr. Ago 1 3840 .7484 0318 1450 .0524 .1002 .0004 .100 .1144 .3478 0043 .3243 .8411 1.1745 051 .6004 041 LONDON (AP) The dollar firmed again! Europe a mafor currencies todey. Gotd pnees were tower.

Foreign exchonge dealer said their markets were quiet but would Itkety be effected later in the day by the release of retail sales figures in the United Slates The indicator waa expected to be onty marginally up in May from April A targer-then-expected nse would boost the dollar hi Europe. The dollar performance New York Wednesday had been mixed because ot uncertainty about the rate of growth the S. economy. Analyst! dispute whether the economy remains weak or a1 a revival under way The retail sales indicator and other economic figures out trvts reek should grve a definite picture In Tokyo, where trading ends before Europe's business day begins, the doner gained to 24 SO Japanese yen from Wednesday dosing 24). 76 arte two day of minor crecknoa.

In London hasar Against other currencies Europe SI pwev mormng one Potter bought: 1 0965 West German marks, up from 1 06)15. 2 6075 Swiss francs up from 2 5925 432S trench francs, up trorn 3650. Enqland Argentina Australia Austria Belgium Branl Denmark France Germany. Greece Holland India Ireland Israel Italy paw Mexico cents) June 11 I 2425 .7285 .9014 4448 0446 0140 0O3 1 WJ 1041 .3731 0073 .2848 .615 1.6135 .600 O05 604 .1125 057 .2764 057 .112 MM atlel Int (pfd) 11 051 ity, which owns the land, has said about 19,800 jobs would be created over 25 years if the park was developed. ToiT" .1126 557 .273 057 .1123 Rexward Inc 13'i Snap-on Teals 46's 40H 40s Tefir.ec.

Te.trwi Inc SO's JO'S Ten. Disc 17 17 Portugal Saudi Arabia Spain .128 .24 045 .1218.