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The Paducah Sun from Paducah, Kentucky • 6

Publication:
The Paducah Suni
Location:
Paducah, Kentucky
Issue Date:
Page:
6
Extracted Article Text (OCR)

6A The Paducah Sun Friday, March 24, 1995 Mixed reviews MAT DOW MUM ClOtll -i i A.M. BRIEFING MONEY March 23, 1995 High 1 4,107.89 1 Highest close I 1 Low 1 tMUms A 4087.83 irillRvi I 4.84 4075 3960 3845 3730, 3615 3500 .7 LOCAL IMTIBI8T mm HmiMtj Y.M, Cfegfrw 444 12V4 33 V4 30 40 51 30 39 24 ClM 37 8 Pepsi Sears Un Carbide Westvaco Wal-Mart OTC CBT Corp. Comcast H.B. Fuller Peoples 1st Players Int Cracker Barrel CSI i Goodrich Gen Corp IC Indua Ingr Rand ELF bit Spec JC Penney MtUe. Kroger Lowes Lou Martin Mar 1X V4 V.

51 31 48 38 18 68 S3 sa 27 41 AmElecPwr Air Product Allied Corp Atmoa En Corp BellSouth BwnFerril Coca Cola Dollar Gen GenMtn OFT) 23 16 37 184 26 21 none 23 Ji 17 26 20 30 44 27 33 37 19 TIM lOMOlT ACTIV1 NYSE KBSI SOLD TO VIRGINIA COMPANY CAPE GIRARDEAU, Mo. Fox affiliate KBSI-TV will be sold to Max Television Co. of Virginia Beach, Va. Max Television owns three other Fox Broadcasting Co. affiliates in New York, Virginia and Tennessee and is buying another in Ohio.

"It was not in our plans to sell the station, but this opportunity came along," said Steven Engles, president of Engles Communications the station's1 owner. "Selling KBSI-TV to a larger media company owned and managed by respected leaders in our industry made good business sense. There are synergies in a multi-station group that I am unable to provide as a single-station operator. Max Television, with its other television properties, will take KBSI-TV to the next plateau. I now plan on returning to California to purchase a group of radio stations." CBT TO PAY 11 CENTS-A-SHARE DIVIDEND CBT Corp.

directors declared a quarterly dividend of 11 cents per share Thursday, payable April 25. The dividend will be paid to shareholders of record at the close of business on April 3. CBT a multi-bank holding company based in Paducah, has nearly 8 million outstanding shares. CAPITAL GROUP EXPANDING IN REGION The Capital Group announced Thursday it would open 15 new offices this year. The offices will be in branches of Old National Bancorp in Indiana, Illinois and western Kentucky.

The Capital Group is a regional brokerage firm with 200 offices in 24 banks in Kentucky, Illinois and Indiana. It has a Paducah office at The Bank Trust 555 Jefferson St. JACKSON NAMED TO ECONOMIC BOARD Robert L. Jackson, president and chief executive officer of HT Marketing Inc. of Murray, was named to the Economic Development Partnership Board by Gov.

Brereton Jones. Jackson will represent the state at large and Associated Industries of Kentucky. He will complete the term of T. William Samuels who resigned in October. Industry lauds, consumers pan deregulation bid BY MIKE MILLS THE WASHINGTON POST WASHINGTON The seven regional Bell telephone companies, the long-distance industry and cable television operators generally applauded the Senate Commerce Committee's broad bipartisan approval Thursday of legislation that would deregulate their industries.

But Vice President Al Gore and two leading consumer groups criticized parts of the bill, saying it could result in higher cable and telephone rates. They said they would work hard to alter it. The committee voted 17-2 to send the measure to the Senate floor. Senate Majority Leader Robert Dole, has said he will try I to bring it to a vote quickly. The bill aims to replace regulation with competition in the communications industry by breaking down the patchwork of laws that bar telephone companies, cable companies and broadcasters from entering one another's industries.

The Bells are the most pleased with the legislation, because it would allow them to offer longdistance and cable TV service more quickly than would have been possible under unsuccessful Democratic bills of past years. Executives in the long-distance industry, led by giants MCI Communications Corp. and Sprint were pleased the Bells will not be allowed into their markets on a predetermined date. Instead, the Bells will have to meet a checklist of conditions for opening their local telephone markets to competition before they are allowed to offer long-distance Long-distance companies succeeded in getting lawmakers to weaken language late Thursday that would have limited their ability to offer local phone service immediately. The two votes against the bill came from Republicans Bob Pack-wood of Oregon and John McCain of Arizona, who said the bill did not go far enough in deregulating.

They were particularly upset that committee Chairman Larry Pressler, agreed to keep some rate controls on cable TV operators a move Pressler made to win the votes of committee Democrats. In the end, Democratic senators agreed cable operators would continue to be barred from raising prices only on subscribers' "basic tier" of programs, which include over-the-air broadcast and public-access channels. For other topes of programs, cable operators rates would be unregulated unless they exceeded a "national average rate" for comparable cable shows. Though committee Democrats voted for the bill, it drew criticism from the Clinton administration. In a statement, Gore said he was concerned that consumers would not benefit.

He singled out the cable rate compromise, which he said "will lead to unjustified rate increases for cable subscribers." Gene Kimmelman, co-director of the Washington office of the Consumers Union, which publishes Consumer Reports magazine, said the cable rate relief, combined with provisions that allow cable companies, broadcasters and telephone companies to buy one another out, will result in price gouging and large-scale concentration of media companies. That view was also expressed by the Consumer Federation of America. "This legislation will invite a new generation of robber barons to dominate both telecommunications and media markets," Kimmelman said. AMEX Slock Vol Last Chi IntDiiCra 1274200 11 4j IvaiCp 932300 25 CheySfts 880800 14 VIcomB 744000 45 Ht GeunSs 471700 ul7 2 VlcomV rt 455900 1 TelDtan 439000 19 1 EchoBy 395700 9 Amdhl 386500 11 KoyaK) 321800 3 -1-16 NASDAQ Intel 6881600 u85 1 Micafli 6566800 u72 1 13-16 TelCmA 4481000 JO RbtPhr 3992600 261 -I Oracle I 3989100 31 -1 CorpEm 3970300 u27 1 DSCl 2993700 34 -1 11-16 KB 259400 GibmG) 2510700 dt 1-16 -t-ll CocaCI 4460600 -I EMC I 4383600 16 1 Motorlai 4270400 54 RJR 3696800 6 -1 MicrTchl 3273400 u77 BS3 IBM 2764100 83 1 Ford Bronco suit settlement rejected lit I Isi MYtl VKUCTIP lltTIMOf NYSE Selected Listings Vol Net 2 00 Stock Div 00 Chg FalrCph (j 140B AA FedMog 0.48 12 10092 17 Oceaner 30 332 8- FedNlif 2.72 10 17128 77lV. OEA O.JO 25 166 24 AbtLabh 08420 13958 31 FedrD 16 17119 22 OfcDpt 35 5465 24- AS 5 I5331 35 1 Ftaghts 016 IJffl Owtf 1.50 10 4305 19 Aetnli 176 13 4664 55 FUJata 0.12 27 11469 51 QHMCp 253 8 AFLAC 048 15 3581 u42l FtFnMg 0.10 27 2511 70 CrnhCS a 2.00 12 156 23 Ahnan 0.88 11 2302 -7 FtUC 1JJ 4285 -V.

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Mf'SIntq 0.53 4300 6.... USXSU 1.00 13 4449 30-- DD MicrTch 0.20 14 32734u773 MMMsh 1.88 18 5462 58 a a 'SS JJ -J MirRsrts 19 13347 u25 DeanFd 0.68 14 876 27 Mobil 3.40 21 5981 89 Varco 21 4682 u7 SM 10 5496 59 VentSt 0.58 8 155 12'. DetEd 206 10 2016 27 MorRnd I 0.80 6682 d5 Vitro 0.90 6020 7 KUv SS Mortons 0.44 16 6794 28 VulcM 1.46 20 145 53 0.40 20 42704 54- Disneyb 0.36 24 12391 55 Mylan a 0.20 25 5096 33 WW DomR 2.58 13 2015 35 DowCh 2.60 20 7642 69 NN Waban 10 3658 18 gPejS 29 60 32 0.20 21 20642 24 NtlOysh 1.28 10 5988 27 WamL 2.60 15 3895 78 2i IStli" NHltLb 0.3227 3656 14 WCNA 7145 20 NMedEs ..13 4978 16- WDiglU 4 4877 IF. DufPUtq 0.72 1867 NtSem 9 30368 181 WesCiE 0.20 27344 13 DukP 1.98 11 3644 38- fiatnslik 2.00 I tW 49 Wewrh 1 20 13 3810 38 DunBrd 260 14 4600 53 NEngEI 130 10 441 30 WhlTc 0.10 14 6281 13 Duraclh.1.04 25 4418 45 NwmtG a 0.46 56 439 39 WWUrai 9M 19 4255 19 NwtMg 0.48 59 2994 41 WMX 0.60 16 12058 26- EE 0 12358 18 Wolwth 0.60 49 5925 ft imnV 8's 137 xx EHAqutp .0.85 1624 37 NflkSo 108 13 3108 65- SS6 u39 Xerox 1.00 17 4942 I17V-1 Emplce 016 38 6554 4 NortrpGr 1.60 66 1414 47 Enron 0 80 18 3373 31- Nrwsf 0.84 10 5371 24 ZZ Entrgy 80 12 3975 20 NovaCr 9 3782 7 Exxon iDO 19814 65- Nucorsh 0.28 19 4095 50-l ZenilhE .1451 Nynex 2.36 21 3570 40 Source: TMS Stocks Legal experts say the ruling could have far-reaching implications for class-action cases. Their effectiveness is being debated within and outside the legal profession.

Sear's action in such a high-profile case may "force both plaintiffs' counsel and defendants to be more careful in the future," said Arthur Bryant, of Trial Lawyers for Public Justice, a public interest group funded by plaintiffs' lawyers. The settlement that Sear rejected called for Bronco owners to receive the warning stickers to be affixed to their vehicles' sun visors as well as a "utility vehicle video," a supplement to their owners' guide and a free inspection. Sear excoriated the lawyers representing the Bronco owners for seeking $4 million in legal fees, which ne called "exorbitant." He wrote that the deal struck by the Bronco owners' lawyers, and Ford's failure to object to their fee request, combined to taint the proceedings "with an appearance of impropriety on the part of" the vehicle owners' lawyers. In a statement Thursday, Ford defended the proposed settlement. BY SAUNDRA TORRY and WARREN BROWN THE WASHINGTON POST A federal judge in New Orleans has thrown out a proposed settlement to a class action lawsuit involving claims that Ford Bronco 1 II vehicles are vulnerable to rollover crashes, asserting that the deal Was "of little or no value" to Bronco owners.

In the settlement proposed by Ford and lawyers representing about 680,000 Bronco owners, the automaker had agreed to distribute stickers and other safety information to Bronco owners. But U.S. District Judge Morey D. Sear said in his ruling, issued Monday, that the deal fell so far short of what Bronco owners had sought that it was unfair and inadequate. Sear disclosed that Ford has paid $113.4 million to settle 334 lawsuits filed by consumers who had claimed that its Bronco II sport-utility vehicles killed or injured people in roll-over crashes.

Sear reasoned that Ford's willingness to pay out "significant settlements" indicated consumers would "have a reasonable chance" to succeed if the class-action case went to trial. West Kentucky State Technical School Rusty Jones of Mayfield prepares to take his Kentucky Board of Barbering license examination. State board unnerves 4 barber candidates STAFF REPORT Mayfield resident Rusty Jones tried to remain calm as he laid out various barbering supplies before the "big" exam. Not only was he about to put to the test barbering skills he'd learned during several months at West Kentucky State Technical School, but he was about to take the State Board of Barbering certification exam under the watchful eyes of more than 20 of his classmates. "I'm nervous," he whispered Tuesday before the two-hour test began at West Kentucky Tech.

Neither Jones nor the three other West Kentucky Tech barbering graduates needed to worry. Jones, Debbie Henson of Benton, Wanda Travis and Sean Viehe, both of Paducah, all passed their average overall score ranking among the highest the board has ever had for a single testing date. It was the first time the five-member state board had ventured into a school to offer the apprenticeship test. The Kentucky State Board of Barbering normally offers the national certification test at its Louisville office every five weeks. Students must'pay a $100 fee.

Graduates of West Kentucky Tech's barbering program have scored the highest on the national certification test for four years. Instructors Howard and Jack Faughn were recognized last week by the state Board for Adult and Technical Education for the program's success. The school's record, though, had little to do with the board's decision to offer the test here, according to Board Administrator Douglas Clapper. "I feel it's very good for current students to see how the test is given and all the ins and outs that go into it," Clapper said. "We want to be people-oriented, and this is just one way to do that." Board members Larry Doyle of Brodhead and Jane Carpenter of Bowling Green were the judges in Tuesday's test.

Carpenter said the state board administers two types of tests: the apprenticeship test for students who recently graduated from an accredited barber school in Kentucky and the master's test for individuals who have their apprenticeship licenses and have worked 18 months as a barber apprentice. During the apprenticeship test, students have 30 minutes to complete a multiple-choice written exam and an hour and 20 minutes to do a shampoo, haircut, shave and facial on a live model as well as show their knowledge of doing a perm, coloring and straightening hair demonstrated on a mannequin. Clapper, a barber with 30 years' experience, said he understands students' anxiety about certification tests. He added there is no reason for anyone to be afraid of the State Board of Barbering. "That's why we've been trying to go out to the people.

We want them to know what we're all about and that the agency is not something to be afraid of," he said. "When it boils down to it, once they get their license, we work for them." oatirrmfff)D COMMODITIM GRAIN REPUBLIC BAMCopiny Member FDIC Paducah, KY MCAGO fAPi Paura tndw oa IJSt hi aaakMai; Man per kasM MJ7 lia JMS 3WI )4I4-4I 5 JUS )HS 1 1 BS tac J2 Jsl 3D 131 JJ, lj) ami aaaaaaai; aalm arr kH )U) J. Jil22liM Hi 25 li t1 141 2k) IMS) S- 241 Ms J7 in in lV, Open 6 days a week, Saturdays 9 -12! bWiibi: UUin ptr buU Hfl 1J1 1.8 1.30 01 Jul 1J7 1.351.31 .01 140 141 1.40 1.40 .01 1.45 1 4 1.454 1S .01 Wed.iulal.3St Vm as saaiai; atUan arr bnaH if in )4, 578 579 -00 Jui in SMS5Bi9g-oo AU iJ 5 94 596 5 5 001 507 507 -00 000 G3 6.04 00 Jl ..4 11 015 011 il 10 Mar 4 10 411 8 190.10 00 8 17 02? .00 Noy 4aj 0d 0 00 6 07 01 Wed ulei 34.300 --UVESTQCK SEKV1CE, Tnuraoay, Marrti jjj tucky Purchise Area reported three buying JUuora txm Zero. Barrows and gilts sW steady to II tower. US 1-2 230-250 Iba 3 US 1-2 210-239 lbs "-SS82.

USH2JO-S0lb US 34 260-270 lbs ggj BOARS $17.00411 METALS NEW YORK (API PW1 futures were lusher trading ThnJ) Silver closed at 14 860. up Iran M2- 1601 Broadway 442-9171 700 annual percentage yield APY (6 82 interest rate) Offered as Of 2-23-95 Substantial penalty for early withdrawal. 1 I I 4 i Mia 4B 4 KxantMi.W mt.Ml STATE MARKET NEWS.

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Pages Available:
1,371,622
Years Available:
1896-2024