The Boston Globe from Boston, Massachusetts • 45

US gMass New England Inc. from Walsh Greenwood a New York brokerage firm. The unit sells a service called Shark that provides financial market data and analysis to brokers and traders. Wang completes purchase LOWELL Wang Laboratories Inc. said it completed the previously announced purchase of Walsh Greenwood Information Systems i 1 i i i i BC2DEF 851.6m award to EG The US Navy has awared Washington Analytical Services Center a $51.6 million contract to provide engineering and management services for the attack submarine program.

Washington is a division of Inc. of Wellesley, which has annual sales of more than $1 billion. manufactures scientific instruments and components for private industry and also provides technical services, research, custom equipment and test-site support services to many governmental agencies. Texaco-Pennzoil: No word NEW YORK Texaco Inc. and Pennzoil Co.

were reported mak ing progress toward settling a lawsuit that won Pennzoil a $10.5 billion damage judgment against Texaco, but both sides declined to comment on the reports. "We can't comment, because of the agreement between the two parties not to talk to the media," said Tom Powell, a spokesman at Pennzoil's headquarters in Houston. Cambex plans acquisition MINNEAPOLIS Control Data Corp. signed a preliminary agreement with Cambex Corp. of Wal-tham, to sell its Control Data peripheral products unit.

Terms were not disclosed. Annual sales of the unit were in the $8 million to $10 million range. Control Data said. 13.50 12.50 'vm 11.50 ftf) 'I I I 1 111 1 -o a 3 Qz Rate includes points charged at closing amortized over Sourc: Federal Home Loan Bank Board ten years GLOBE CHART Year Oct. ago 8.01 10.90 9.25 11.85 1-year Treasury yield 3-year Treasury yield Hasbro has visions -ADJUSTABLE RATE MORTGAGE INDICATORS Year Oct.

11.28 10.86 ago 12.96 12.52 t-Effective mortgage rate Contract mortgage rate SELECTED BANK MORTGAGE RATES Fixed Adjustable Minimum (pts) (pts) down Boston Five Cents Savings 106e (2) 10 (1) 5 Century Bank Trust Co. 11(2) 5 Charlestown Cooperative 10.50 (2) None 5 First Amer. Bank for Svgs 11.50(2) None 5 Medford Co-Operative 10.75 (2) 11.25 (1) 20 Medford Savings Bank 12 (2) 11.50 (1) 20 Neworld Bank for Savings 11.25(2) None 5 North Abington Co-Op None 11 20 Quincy Co-Operative 11(1) Nne 20 Savings Bank 10 (2) 10.50(2) 5 Covers three-year adjustable mortgages. Yields on Treasury Associated Press WASHINGTON Yields on short-term Treasury securities edged up slightly in yesterday's auctions to levels in effect earlier this month. The Treasury Department sold $7.6 billion in three-month bills at an average discount rate of 7.02 percent, up from 7 percent last week.

Another $7.6 billion was sold in six-month bills at an aver of success STEPHEN HASSENFELD Joined Hasbro in the '60s For Milton Bradley, she said, "Hasbro brought management to them and marketing power. It's a very happy marriage. Its impact will not be felt primarily in 1985, but 1986 and beyond." Although it doesn't have one main, money-making game the way Selchow Righter has Scrabble or Kenner-Parker has Monopoly, Milton Bradley relies on several tried-and-true games such as Life (first Invented by the original Milton Bradley and now out in a 125th anniversary model), Stra-tego and Head of the Class. "That stuff is like gravy to them," said Paul Rothman, an analyst with Advest Inc. in Hartford.

"Year in and year out, great hills climb slightly age discount rate of 7.05 percent, up from 7.01 percent last week. The three-month rate was the highest since 7.05 percent on Dec. 12, while the six-month rate was the highest since 7.26 percent on Dec. 2. The new discount rates understate the actual return to investors 7.24 percent for three-month bills and 7.41 percent for six-month bills.

in '85 sales." Some were invented by Milton Bradley's own game developers while others were suggested by outsiders. Eleanor Abbott, for example, who now lives in San Diego, developed Candy Land while recuperating from polio in the 1940s and thought it would be fun for other, younger polio victims. She still gets 5 percent royalties from the 1 million copies sold every year. Milton Bradley has also purchased the rights to Scruples, a question and answer game of moral dilemmas invented and put on the market this year by an English professor from the University of Manitoba. Ditomassi calls the game "sensational entertainment." He and Hassenfeld acknowledge, however, the fickle nature of the toy and game business.

"It's a fashion industry," Ditomassi said. "You can be producing a product three shifts a day on Friday, and something happens over the weekend and Monday morning you can't give that product away." One of his favorite examples is the astronaut puzzle Milton Bradley put out in 1969 shortly after the first astronauts landed on the moon. Shifts were working overtime producing the puzzles, he said, until the weekend US Sen'. Edward F. Kennedy drove off a bridge on Chappaquiddick Island and the astronauts' feat was wiped out of the news.

Ditomassi will never forget it "Monday, we had a puzzle you couldn't give away." 00000 Some banks or ARMs with other limits. UNITED STATES Current Current period Previous year ago GNP in billions (Q III, '85) $3916.1 $3853.1 $3694.6 Real GNP growth (in '72 dollars) .3.3 1.9 1.6 Help wanted 1967100 (Sept) 136 1 133 125 Housing start est. in thsds. (Oct.) 1,583 1,535 Retail sales in millions (Sept) $115,512 $108,240 Prime rate last week 9.50 9.50 11.75 Imports in millions (Sept) $31,764 $26,083 $28,409 Exports in millions (Sept) $17,732 $17,423 $18,209 Trade deficit in millions (Sept) $14,032 $8,660 $10,199 Leading econ. indicators (Sept) 0.1 0.9 0.8 Avg.

mfg. hourly earnings (Oct.) $9.54 $9.54 $9.24 Avg. mfg. weekly hours (Oct.) 40.7 40.8 40.5 GNP Deflator (2d 229.07 226.10. 220.58 GNP Deflator (annual change) 2.8 4.4 Oct.

Producer Price Index (1967100) 291.5 292.7 291.5 Oct. PPi annual rate, 12 months 10.8 1.1 Oct. Consumer Price Index (1967100) 325.5 324.5 315.3 Oct. CPI annual rate, 12 months 3.8 3.2 NEW ENGLAND Current Current period Previous year ago wanted 1967100 (Sept) 147 143 129 Housing start est. In thsds.

(Sept) 73.2 79.9 65.2 New incorporations (May '85) 3,290 3,086 2,962 Employment cof index (1975 100) 125.1 123.8 118.9 3ACHUSETTS Current Current period Previous year ago i "Housing start est. in thsds. (Sept) 28.1 31.0 25.0, Avg. mfg. hourly earnings (Sept) $9.06 $9.03 $8.59 mfg.

weekly hours (Sept) 40.5 40.3 40.5" Retail trade in millions (Aug.) 3,617 3,533 Total employment in thsds. (Sept) 3009.9 2995.4 2892.0 Mfg. employment in thsds. (Sept) 677.0 675.3 683.5 High Tech emp. in thsds.

(Sept) 267.6 267.6 271.8 emp. in thsds. (Sept) 118.7 120.3 106.4 Wholesaleretail emp. thsds (Sept) 724.0 719.4 676.9 Footwear emp. in thsds.

(Sept) 7.4 7.8 7.6, HASBRO Continued from Page 41 crayons and paint sets. Hassenfeld, 43, and his brother, Alan, 37, now Hasbro Inc. president, joined the company in the 1960s when their father, Merrill, and his brother, Harold, were running it. In the mid-1970s, Hassenfeld, by then chairman, involved the company in a short-lived and unprofitable chain of day-care centers. At about the same time, by his own admission, he "choked" the company by imposing excessively strict controls on the way toys were developed.

When other toy manufacturers began producing electronic toys, Hasbro offered none, and the company's uninspired toy selections of the late 1970s earned it the moniker, "Hasbeen." Too much electronics Despite those problems, Hassenfeld still believes electronic technology "was really over-applied There was too much of it too fast, and a lot of those products failed." In fact, by 1982, the electronic toy market was saturated. Other toy companies such as Mattel, Co-leco and even Milton Bradley saw their profits fall with declining sales, while Hasbro's sales, supported by traditional toys, rose to $136.1 million from $105.7 million. Earnings that year jumped to $7 million from $4.4 million. Since then, it's been all uphill. In 1983 sale's rose to $224 million and earnings more than doubled to $15.2 million.

And last year, bolstered by the Milton Bradley acquisition, sales soared to $719 million while earnings jumped to $52.4 million. Although Hassenfeld won't predict this year's earnings, he doesn't quarrel with analysts' estimates of $97 million to $98 million. "Five years ago, that was our whole volume," he said recently with boyish delight. "I thought $13 million was a big business." During the last five years the stock has sold for as low as 50 cents a share. Yesterday it closed at 35, down At Milton Bradley, the fortunes have fluctuated similarly.

In 1860 a lithograph printer by the same name founded a printing company in Springfield. Soon, he was using his press to print games for his friends, and the company evolved from there. Turned down Monopoly During the Depression the firm turned down an offer to market the just-invented Monopoly game, which quickly became and still is the largest-selling board game in the country with 1 .5 million-2 million copies sold each year. Years later, along with many other companies, Milton Bradley also turned away Cabbage Patch dolls, now in their third year as a runaway top seller. as a mailer of record.

T.M. arranged financing BOSTON USS Constitution visitors (Sept) Autos imported (Sept) Cargo containers unloaded (Sept) Logan passengers (Oct.) Department store sales (Aug.) Help wanted 1967100 (Sept) Avg. mfg. hourly earnings (Sept) Avg. mfg.

weekly hours (Sept) No. 2 fuel oil (Sept) Unleaded regular gasoline (Sept) Current Current period Previous year ago 51,541 73,127 53,235 5.517 9,150 5,406 4,687 6,211 5,284 1,770,051 1.609,957 1,783,826 $154m $143m $147m 156 153 153 $9.85 $9.66 $9.39 40.2 39.6 40.5 $1.07 $1.06 $1.18 $1.19 $1.20 $1.16 GEORGE DITOMASSI Milton Bradley president Unlike Hasbro. Milton Bradley did enter the world of electronics, but the results of its video game ventures were dismal. The company posted an $18 million loss in 1983 on sales of $337 million and soon found itself fending off unwanted suitors until Hasbro made an offer it could not turn down. "How do you keep it from happening?" Ditomassi asked rhetorically in a recent interview.

"For us not to take $50 a share, we had to have one helluva reason. And we did not." Both sides seem pleased with the merger. "It really has become an awe some company," Ditomassi said. Despite its past problems, Milton Bradley was one of the top game and puzzle companies in the world when Hasbro bought it, with extensive marketing branches in Europe that Hasbro executives hope to plug into. Analysts, for the most part, view the merger favorably.

For Hasbro, the acquisition "brought significant exposure in the games category," according to Cathy McDonald, an analyst with Bear, Stearns Co. in New York. COMPUTER ETC. IS YOUR AMIGA" DEALER! When you buy the fantastic AMIGA, the hi resolution monitor the 25C upgrade, We give you THE AMIGA XMAS GIFT Computer Cleaning Kit Box of 10 Blank Disks Disk Holder Word Processing Software A s200 Value AMIGA, GIVES YOU A CREATIVE EDGE. Vniga is a Iradomark ol CpmrnodO'o Amiga, Inc doppfcz amka apricot MOW ITOCK 535-5252 216 NEWBURY STREET (RT.

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