The Journal Times from Racine, Wisconsin • 12

Lull rTi rTtr7rnr Prnri nnrA mrjnFlrN day a week to get "a good spiritual perspective." He said he'll fast today and focus on the Rainfair strike. Approximately 30 Cristo Rey choir members plan to join the fast this week. They will take turns fasting. Strike organizers have attempted to draw the Samuel C. Johnson family, of Racine's S.C.

Johnson Son into the Rainfair dispute. Craig Leipold, Rainfair chairman, is Johnson's son-in-law. Neither Johnson nor Leipold have responded to the strike actions, Haupert said. Leipold and Johnson have said there is no connection between the two companies. By Paul J.

Hollay Business Editor Members of Racine's religious community joined a week-old hunger strike Monday in sympathy of strikers at Rainfair Inc. At a Sunday evening prayer service, Sister Jean Verber of the Racine Dominicans; the Rev. Charles Thornhill of Greater Mount Eagle Baptist Church; the Rev. James Guckenberg, the Racine County Jail chaplain, and the Cristo Rey Catholic Church choir said they would fast for one day. Rey, 800 Wisconsin are living on a liquid diet recipe developed by the World Health Organization for people suffering from dehydration.

The diet is a mixture of water, juice, honey, baking soda and salt. "They've had different symptoms diarrhea and dizziness but the spirits are very, very good," said Joanne Haupert, an ILGWU organizer. "They're determined to stick it out." One faster, Maricruz Martinez, dropped out last Friday to care for her ill 1-year-old child. Another, Norma Vela, was treated last week for a urinary infection, but has continued to fast. Thornhill called on his church's 200 to 300 families Sunday morning to join the fast for one day.

He said was fasting Monday but did not know how many church members participated. "Our prayer and hope is that (the strike) will come to a meaningful end for these families," he said. Verber said she and another Dominican, Sister Evelyn Lins, were fasting Monday and would do it again if asked. "It's a small price to pay for the kind of witness we need to provide," Verber said. Guckenberg said he usually fasts one Meanwhile, six people, including five members of striking International Ladies Garment Workers Union Local 187 and a member's spouse, started the second week of their hunger strike.

Organizers say the hunger strike will continue until the labor dispute is settled. Local 187, which represents 136 Ralnfair production workers, has been on strike since June 19 in a dispute over wages, health insurance costs and other issues. Rainfair, which produces protective clothing, has hired about 70 permanent replacement workers. The fasters, who are staying at Cristo the Journal Times up 624 iT JfclMKv Unchanged 497 Down TUESDAY Oct. 22, 1991 Qisnimes 4B People In BusEnass Dawyeir Westgate Cinema to add three screens wsmfc mom fame I TT' Westgate Cinema, 5101 Washington will grow from two to fjve screens by late February.

A remodeling and construction project was started recently to split one of the theater building's two auditoriums. Mark Gramz, Marcus Theaters executive vice president, said the project should be complete before Christmas. The next phase, to be completed in February 1992, will involve constructing two new auditoriums on the building's east side. When complete, Westgate Cinema will have 1,368 seats among five screens. That's slightly more seats than it now has with two screens.

Milwaukee-based Marcus bought and razed the former Apple Valley Lodge next to the existing theater in May 1990. Company officials later unveiled plans to create a six- screen complex by March of this year. Gramz said the Racine project was delayed while company officials reviewed local movie markets. Since then, the six-screen Regency Mall Cinemas, 5230 Durand has had a refurbished lobby, ticket office and concession stand. Marcus also owns the two-screen Rapids Plaza Cinema, 2200 Mount Pleasant where no changes are planned.

According to city building permits, Marcus plans to invest in the Westgate Cinema expansion. Tri North Builders of Madison is the general contractor. Marcus Theaters, a division of the Marcus operates 178 movie screens in Wisconsin. Gramz said the company has added 27 screens within the past year. Michael Roach Wayne Rabldeau Bobette Sajion Gillett owns WITI-TV in Milwaukee and meatpacking companies Packerland Packing Co.

in Green Bay and Peck Foods Co. in Milwaukee. Black's Apollo Investment Fund teamed with insurance giant Alms Finance of France last summer to buy more than $5 billion of high-yield junk bonds from Executive Life Insurance Co. The bonds included about $140 million of Gillett Holdings zero-coupon notes. Those are some of the same bonds that Black helped Drexel sell to finance Gillett's purchase of four TV stations.

The Denver Post said sources close to the negotiations say Black has offered to put $40 million in new cash into Gillett Holdings in exchange for a 52 percent stake in the company. Under a tentative plan, junk-bond holders would end up with 33 percent in exchange for cutting their claims. Gillett would end up with about a 13 percent stake and day-today operational control. Associated Press and Journal Times staff DENVER Gillett Holdings a television station, meatpacking business and ski resort owner, has asked for more time to submit a plan to a federal bankruptcy court for cutting its $1.2 billion debt. Racine native George Gillett was to submit his plan for reorganization under Chapter 11 bankruptcy in a federal court in Denver this Wednesday, but his lawyers have asked for a 90-day extension.

Leon Black, a former Drexel Bur-nham Lambert Inc. takeover expert, is offering to bail out Gillett Holdings in exchange for control of the Colorado ski resorts, meatpacking businesses and television stations. But Carl Icahn, an investor and the chairman of Trans World Airlines, alleges that Black is taking control of the company at fire sale prices and gaining Gillett's blessing by letting him continue operating the businesses. Court Ecnoctts down EPA asbestos ban APPOINTMENTS, PROMOTIONS: Four managers have been promoted at Western Publishing 1220 Mound Ave. Wayne Rabideau was named manager-litho planning consumer products in the consumer products planning group.

Michael Roach was promoted to director-internal audit in the finance and administration division. Bobette Sajion was named corporate project engineer in the manufacturing and materials management division. Dave Van Dusen was promoted to manager-promotions and merchandising in the consumer products marketing division. The Journal Times welcomes news about promotions, appointments, professional organization elections, certifications Business Today Dave Van Dusen Dow slips 16.77 and professional honors. Because of space constraints, we reserve the right to edit for length or clarity.

Black and white photos may accompany notices. Our address is: People in Business, Journal Times, 212 Fourth Racine, Wis. 53403. Bentsen begins tax cut push to mortgage bankers unreasonable risk," industry attorney Edward Warren said in a statement. EPA lawyers were studying the ruling.

"There's not a lot that can be said," said EPA spokesman David Cohen. "We believe very strongly that asbestos is a substance that should be controlled, and we are going to be looking at the decision to see what type of problems it raises for us." Dr. Christine Oliver, a reas-earcher at Massachusetts General Hospital in Boston who has linked asbestos and disease, said, 'This ruling flies in the face of scientific reason." "Asbestos in homes and buildings must be treated with a great deal of respect, because if the fibers become airborne they will be inhaled and will cause disease," she said. "This ruling makes that message more difficult." EPA attorneys argued in hearings last February that the long-range health benefits of the ban would be widespread and incalculable. But appeals Judge Jerry E.

Smith said the judges faulted EPA for its procedures in formulating the ban. The EPA failed to provide opponents of its ban with enough opportunity to cross examine witnesses regarding disputed facts when hearings on the ban proposal were held, Smith said. By Kevin McGill Associated Press NEW ORLEANS A federal appeals court Monday threw out a ban by the Environmental Protection Agency on importing, making or using asbestos, saying the EPA didn't give opponents of the rule a chance to make their case. The ban was announced in 1990 and a seven-year phase-in began in August of that year. Several businesses involved in the asbestos business as well as the governments of Quebec and Canada, where the minerals used to make asbestos are mined challenged the ban.

The 5th U.S. Circuit Court of Appeals sent the matter back to EPA for further action. Asbestos, once used widely in insulation, boilers, automobile brake linings and other products, is a suspected carcinogen and is believed to cause lung ailments when its fibers are inhaled. Illnesses from asbestos often take decades to appear. Opponents of the ban said it would save few lives and hurt not only the economies of Canada and the United States, but also those of developing nations where asbestos is used to make concrete pipes used in water systems.

"The court has found that EPA failed to find substantial evidence that today's asbestos products pose NEW YORK (AP) The stock market retreated Monday, weighted down by a battered bond market and traders determined to cash in on last week's impressive gains. The Dow Jones average of 30 industrials, which surged nearly 94 points last week and closed at a record high on Friday, slipped 16.77 to 3,060.38. Analysts had anticipated a softening of prices following last week's gains, at least some of which were attributed to the monthly expiration of stock-index futures on Friday. Market observers noted that stock prices typically retreat in the subsequent session. T-bills interest rates rise WASHINGTON (AP) Interest rates on short-term Treasury securities rose in Monday's auction.

The Treasury Department sold $10.6 billion in three-month bills at an average discount rate of 5.04 percent, up from 4.99 percent last week. Another $10.6 billion was sold in six-month bills at an average discount rate of 5.11 percent, up from 5.03 percent last week. The three-month bill rate was the highest since they sold for 5.11 percent on Oct 7. The six-month bill rate was the highest since they averaged 5.14 percent on Sept. 30.

The new discount rates understate the actual return to investors 5.19 percent for three-month bills with a $10,000 bill selling for $9,872.60 and 5.33 percent for a six-month bill selling for $9,741.70. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 5.33 percent last week, down from 5.36 percent the previous week. DALLAS (AP) Sen. Lloyd Bentsen, who fired the first shot last weekend in a tax cut war that may become the focus of the 1992 election, began campaigning for support Monday by touting the plan's home-buying incentives to mortgage bankers. "We're going to bring the dream of home ownership back within the reach of middle-income Americans," Bentsen, D-Texas, told more than 2,000 lenders at the annual convention of the Mortgage Bankers Association of America.

Bentsen, chairman of the tax-writing Senate Finance Committee, proposes revival of fully tax-deductible $2,000 Individual Retirement Accounts and a $300 tax credit for each child 18 and younger. Individuals would be allowed to borrow money from IRAs without penalty for home purchases or college tuition, Bentsen said. Young couples could borrow from the more mature accounts of parents or grandparents, he said. "It has been demonstrated conclusively that IRAs generate new savings," Bentsen said. Tax-deductible IRAs now are limited to those not covered by a pension plan with individual income under $25,000 or family income under $40,000.

The tax cut would begin Jan. 1, 1992, if the bill becomes law by then. Bentsen said his plan would stimulate home buying, particularly among the young. New York Stock Exchange (Continued on Page sb) Stock LMt ChO ASB IH2-3J2 IkXrlpfF 241 It Into Orculi 3SDanCp 140 28- EnrOO JO O- 1hBE 140 12- NCO I "ft- ft "-Of En272 2M Nl'FA iS ASS pf H2-732 17- CIGNA 3.04 47Vy- Citicorp .751 1IH- BanlS? I- I ntrdh JO Foque J6 Hadaon "Jftl ft LLf JE- SH AAR ASWp 2 BkAm plO J.2S CIGHI 0 Cltcp pf 1 55 It Daolel UH-J Entch pr4.3t Furfn I Hsemonn 3IH 3 ndIM p17 1J4 LSI Cg 1 Martnl. JJfiu? PV ACMIn l.

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