The Journal Times from Racine, Wisconsin • 17

Wto, cBSmniafises tejrBinDe "Workers in agriculture, aerospace, high-tech electronics, chemicals and pharmaceuticals would be the first to feel the retaliatory backlash." President Reagan By Mike Robinson Associated Press WASHINGTON President Reagan, meeting a mid-night deadline, vetoed maior trade legislation to curb textile, apparel and shoe imports, declaring "the economic and human costs of such a bill run far too high." Industry supporters conceded Tuesday night they lacked for now the two-thirds support needed to override the long-threatened veto. "None of us wants to see American workers lose their jobs or American businesses suffer," Reagan said In his veto message. He pledged "everything possible to see that this doesn't happen." Reagan said the biU would "violate existing trade agreements with other nations, inviting immediate retaliation against our exports, resulting in a loss of American jobs in other areas," 'But the damaging effects would soon be felt by every American in the form of higher prices and shrinking economic growth." The measure was the major trade bill approved this year amid heightened concern over a projected $150 billion U.S. trade deficit and related layoffs. The measurt would have cut back textile and apparel imports fron) Taiwan, South Korea and Hong Kong by some 30 percent and curb growth in shipments from eight other Asian nations and Brazil.

Shoe imports would have been limited to 60 percent of the U.S. market The administration would nave been prodded to open talks with copper-exporting nations aimed at setting production quotas. Reagan waited until the last minute to veto the bill. Without his action, it would nave become law at midnight automatically. In his message, Reagan, said an administration trade task force would probe charges that textile and apparel imports have exceeded levels set by international agreement If those allegations prove to be true, he promised "corrective action." He also renewed support for a $100 million increase two-thirds majority.

It was approved by the Senate io-39. Sen. Strom Thurmond, a Senate sponsor, said In a statement that Reagan had "heeded bad advice in vetoing this bill." 'I "Our domestic textile and apparel industry cannot sustain the damage it la facing," Thurmond said. VWe are going to see more layoffs, more plant shutdowns and more long-term economic damage to an industry that is crucial to this nation." Industry supporters say 300,000 textile and apparel jobs have been lost in the last five years because of imports. A Commerce Department study puts the figure at less than 300,000.

Some 1.9 million Americans, or one in 10 U.S. industrial workers, are employed in textile and apparel plants. Opponents of the measure claim it could raise consumer costs from $14 billion to $30 billion a year, possibly raising the price tag on a $28 shirt to $32. Supporters say Increases would be negligible. in retraining and moving funds for layoff victims in industries battered by foreign competition.

Reagan said be would direct U.S. Trade Representative Clayton K. Yeutter to "aggressively negotiate the new round of Multi-Fiber Agreement talks." The MFA the major international pact governing textile and apparel trade Is set to expire in July. The measure passed the House 280-161, short of a SB Wednesday, Dec. 18, 1985 Racine, Wis.

ttelotimalHntcs ARfiC chief says other stakes ami move aggressive 0 ffefTj 1 -V, fat-Ate Computer goof cost protested MADISON (AP) A consumer advocacy group is asking why Wisconsin Bell Inc. should pay the cost of another company's computer snafu. Kathleen O'Reilly, executive director of the Citizens Utility said Tuesday that Wisconsin Bell employees spent time and money explaining to its customers why were getting thatuVyou letters frony American Telephone Telegraph Co. Thousands of people who had not chosen as their long-distance company got letters and calls that indicated they had, she said. It was all a computer mistake, but "dozens and dozens" of.

people 1 who called CUB were upset she MM. made one giant computer mistake," and why should Wisconsin Bell have to pay the cost of straightening out the confusion? Q'Reiliysaid. Vyto Kapocius, a spokesman for Wisconsin Bell, said his company was required by the federal court order that split up to provide lists of its customers to long-distance companies. But Wisconsin Bell provided only names listed in the telephone book, not the names and addresses of customers with unlisted numbers. MILWAUKEE (AP) Wisconsin's biggest challenge in attracting business investment is the competition from other states that are more aggressive, the chief operating officer of American Motors Corp.

said. Joseph E. Cappy said AMC Is not trying to use another state's offer as leverage in talks with Gov. Anthony S. Earl about making the financial atmosphere more comfortable for its Kenosha operations.

But he said other states are aware that AMC "cannot assemble cars on a cost-competitive basis" any longer at the aging Kenosha complex, where the company builds its only passenger cars, the sub-compact Renault Alliance and Renault Encore. Renault, the French state-owned auto maker, owns 46.1 percent of AMC. "There are a number of states that have, been very aggressive in coming to talk to us," he said. "Some of those states are extremely well-organized from the standpoint of attracting business." "They have a good economic package and really are in a position to offer quite a variety of different help and assistance to business," he ''said. "There are some states that I 1 think just understand the importance of jobs, and have put legislation in place to be more aggressive in attracting business," he sajd.

deals offered by other states the "basic problem? confronting Wisconsin, he said. Cappy, 51, a University of Wisconsin graduate, was named chief operating officer of AMC Friday, as' previously reported. He continues as executive vice president. Earl has assigned former Gov. Patrick J.

Lucey to talk with AMC about keeping the: the company in "We have made the governor and ex-governor aware of what out requirements are," Cappy said, declining to publicly discuss "those negotiations." Although much of the equipment 1. Associated Press Automated janitor A battery-powered "Auto weepy" built by Toshiba Corp. demonstrated its abilities in Tokyo. With, a computer for a brain, the machine can clean as much as 576 square yards of dirty floor an hour. 10 times faster than human janitors, the Associated Press reported.

The machine leaves room for human elbow grease on unscrubbed areas in corners or along walls, about 10 percent of the floor Joseph E. Cappy more Kenosha engines at the Kenosha complex is out of date, AMC intends to increase its engine production there from 660 units a day to 1,000, beginning next summer, he said. All engines for AMC's Jeep Corp subsidiary in Toledo are to be built in Kenosha, he said. AMC now purchases some six-cylinder engines from General Motors and is designing a new six-cylinder model. Lucey visited the Kenosha plants last week to "see that what we said about the difficulties of assembling a vehicle on a cost-competitive basis was correct," Cappy said.

"For example, we have 27 different buildings, ranging from one floor to seven floors there, and two separate facilities where we have to truck bodies three miles from one facility to another," he said. That is, from the Lakefront plant to the Kenoshamain where final assembly takes place. He said he believes AMC will continue producing the current models of Alliance and Encore "though their life cycle, which I see, being through 1988 or 1989." Business Today Compiled by Is Wisconsin weather a problem? Testimony backs arbitration law MADISON (AP) The chairman of a Legislative Council committee says he is optimistic that lawmakers will approve during their next floor session beginning Jan. 28 a bill the panel drafted to make the states mediation-arbitration law permanent. Rep.

Robert Jauch, D-Poplar, commented following a hearing Tuesday before the Assembly Labor Committee. "I was very encouraged with the tone of the testimony and the lack of criticism" of the law, he Besides making permanent the law, which is now scheduled to expire July 1, 1991, Assembly Bill 629 also would take mediation duties, away from stale arbitrators who enter labor disputes with unions representing public employees. The proposal would alter the law so that mediation would be conducted by the WERC $taff "We thrive in this is time that we demonstrate, that Wisconsin's climate is a resource, not a liability," Clark said. "I am not aware of any statistics on transportation or construction delays due to (Wisconsin) weather," he said. "Perhaps the less frequent (weather-related) event in Kentucky would cause greater business losses because they are less MADISON (AP) Businesses who decided against locating in Wisconsin because of the weather should think again, the state's cli-matologist says.

"We know bow to cope with a blizzard!" Douglas Clark said in a letter to Gov. Anthony Earl. "Does Kentucky?" Toyota Motor Corp. recently selected a Kentucky site for a new auto plant, saying Wisconsin's cold weather was one of the reasons it had been turned down. Mutual funds Local interest Wat Ntr am Conwiarn OatMilinaiil MM Mm U.S.

Mrd mini aeK otdanad to S30.4S bMkm trow a tavmn- $27.7 MWori and nowMg starts droastml patcanl in Novanwar Dnalnm In Pvanknitt aaM tna airanaah ot tna Cwrtnr Rotxrf W. SM I C. hK. Owtottm AfHiiJtMl Century Vm Trwil. FMdity W.U Mwntan Mutual tit) Invasion Stack ..,..,,11.11 doaar by trtggartn cantm bank Inmiaanlloii on ay i N.t-N.L.

IJ.8 It.Sl Ma HO N.L N.L N.L. Mauacmiutls Inv. MassadHMatn Growth. AmrttKa mVi On Tuaaday, daatam laid Mwra vara t.n customers are already burdened by record high debt In October, the most recent month for which figures are available, consumer credit reached a high io(: 19.4 percent of disposable income. Even so, she said, this "won't be a glorious Christmas.

I think it's fair to say that consumer spending has slowed notably in the current quarter." MasterCard does not take comparable measurements of its transactions, a spokesman said. APPLIANCE SHIPMENTS ROSE: The Association of Home Appliance Manufacturers said shipments of major household appliances rose in November to 3,459,000 units, up 11.5 percent from 3,103,000 units in November a year earlier. In specific product categories, the association reported these shipment increases and declines garbage disposers, down 9 percent from November a year earlier; trash compactors, down 6.9 percent; electric ranges, up 6.9 percent; microwave ovens, up 28.6 percent; automatic clothes washers, up 4.1 percent; clothes dryers, up 10.2 percent; dishwashers, up 9.7 percent; refrigerators, up 12. 1 percent; room air conditioners, down .3 percent; and dehumidifiers, down 78.7 percent. MH OPENS BRANCH: Bank of Racine, 441 Main St, said it has opened its new full-service branch office at 5005 Douglas Ave.

PROMOTED: Brookfield-based North Shore 7 Savings and Loan Association said Kathryn M. Storck and Alma Gillett have been named to assistant vice presidencies. Storck is manager of North Shore's branch office at 400 Wisconsin Ave. Gillett is manager of the branch in Regency Mall, 5538 Durand Ave. OFFICER NAMED: Von Schrader 1600 Junction said Caryl Kenth has been named' corporate secretary, filling a post that had been vacant Kenth continues as the office manager and secretary to Francis von Schroder, the company's president.

Von Schroder Co. makes carpet, wall and upholstery cleaning machines. AIR WISCONSIN TO DROP NEBRASKA: Air Wisconsin, a regional carrier Unking Lincoin and -Grand Island, to Chicago, will cancel service to Nebraska Feb. 1, Lincoln Municipal Airport Director Wayne Andersen said. Elimination of service will come nearly one year after the Appleton-based -carrier returned to the area, the Associated reported.

YIELDS AT SEVEN-YEAR LOW: The Treasury Department sold $9.5 billion in two-year notes Tuesday at ao average yield of 7.93 percent, the lowest rate in seven years, the Associated Press reported. The department said it received $30.9 billion In bids for the notes sold. The average yield was down from S.S8 percent at the last suction on Dee. and vu the lowest since 7.1 percent on May 1, UTs. GAf UIWN CARCiOt A fJersJ judge has reserved decision on a request by GAF Corp.

that a lawsuit charging with vttaung federal securities and aott-truat laws ks Its attompted takeover of Unioa Carbide Corp be diemtoed, the Associated Pms npported from Danbury, Coon. GAF argued Tuesday before U.S. District Judge Jose A. Cabraaes ki New Havea that Carbide's taw, fUad Monday, ni Improper la that should have been 'snade as a ceuaMiir ctekii te GAfi ectiee t'llwt Cartsds IaiDi Yart fsteal ccart GATs kmrtA aimed at terUBieaCarts'acaBsa! CATs $4J bmon taavaovec bid is iiAaAatoa to bs heart Nichalai Fnd Dm Car Had aiwiaoiiad aj auapert tna donor ay buying an aWaWlaHatral tSO HlNMOfl OO IHal OfMfl ttrnWaMli OH law. Ilc tvM NA taayo.

amam traowtj anda baton Eurspa Fmt WH Grain futures M1.M Jaa.nn yan tram 201.7a wan at Tww- VERSA TECH BUYS SHARES: Racine-based Vena Technologies Inc. said it has repurchased for $22 a share, or a total of $7,902,268, in cash and notes, the 359,194 shares, or 14.9 percent, of its outstanding common stock held by Sheldon B. Lubar, his family and the Lubar Family Foundation. Lubar, a Milwaukee investment banker, is a member of Versa Tech's board. James E.

Mohrhauser, Versa Tech's president and chief executive officer, said the "opportunity to reduce the number of outstanding shares came about originally as a result of the Lubar family's desire to divest themselves of a substantial portion of their (Versa TecM holdings in order to. restructure and diversify their investments. i- Subsequent negotiations finally resulted in an agreement by which (Versa Tech) repurchased all of the Lubar holdings." Mohrhauser, in a news release, aajd the company intends to hold the shares as treasury shares "for potential redistribution, such as in partial or full payment for the acquisition of other businesses." Versa Tech operates Moxness Products 1914 Indiana a maker of industrial silicone rubber components; Milwaukee Cylinder, Cudahy, a maker of hydraulic arid pneumatic cylinders; and Versa Medical Technologies Portage, a maker of silicone rubber medical products. tttS MILLION FOR TOYOTA: Kentucky designed a $125 million package of property, service and technological incentives to win Toyota Motor first wholly-owned S. auto plant Gov.

Martha Layne Collins and administration officials said Tuesday. The return to the state In taxes through 30 years could be $489 million at current rates, they said. "In five years after the plant is operational, we'Q have every dime of our investment back," said Carroll Knicely, secretary of the Commerce Cabinet. In addition to the incentive package, the University of Kentucky will provide Saturday schooling to Japanese children In math, general science, history and the Japanese language. EXECUTIVE CLEARED: George 4.

Sawyer, a General Dynamics executive and former assistant secretary of the Navy, hat been acquitted of charges fee concealed contacts with the giant defense contractor while he was still at the Pentagon, the Associated Press reported from Washington. After deliberating less than five hours, a federal jury late Tuesday declared Sawyer innocent on two felony counts relating to Information on a financial disclosure form be filed when be left the goverament la mid49B3 to become a General Dynamics vice president it VISA-CARD BUYING SOARS: Tor millions of Christmas shoppers, hefty debt payments in are otfinttety in the cards, the Los Angeles Tinwe rworW. Sines the day after Thankagivin sboppers have bee racking up $400 million bo purchases day ee their VUa cards, the bank card coiripsny said Tuesday. Visa said tts 130 million cardholders win mobs at toeat 130 milttoa traosaetiaos between uTWk as nateent Wciar tnsst dawie hat WWW aay a caaaa. Lmar, unaon, Lm Last Cant M4H lOSVt 4 1 Vl 2JH -w tl 4 NA NA NA mh 1 It, "i 4Ma i JH NC in, Vi IH 4lk Ml 4S SVi NC nt a tw '-( WH WW JW MMwy'iV HWIM mc 12V In London, tha vakia al tha aWUati pound tan la tt.a6froai St.4l7ts jataTiwatotv 1 SOTS Waot Oarman marks, up from 2 6045 t.17S Sanaa traaes, ua tram 2.1012 7.W2S Fmnek Maca, ap from 7.M7S 2 M7 Oust fMWars, up from t.23 1.711 Nanan lira, yp tram 1,704.

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