The Daily Sentinel from Grand Junction, Colorado • 11

Business Monday, October 24, 1994 Page 11A Skiers have more choices Markets of direct flights to resorts Local interest stocks The following stocks are some selected issues of local interest. The first column lists the stock last transaction The second column gives the change as of 10 30 a MDST today Quotations provided by Kemper Security Inc. Gambling amendment could be costly to airports It 11 114 25 24 254 24 23 234 39 39 39- 22 22 224 34 34 34- 18 17 I84 74 73 7441 62 61 614 63 62 624 20 20 20- 74V. 73V. 73A 1 6 6 6 6 6V.

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20- Associated Pres DENVER A gambling amendment that would raise millions of dollars for schools could take them away from airports, aviation officials say. Amendment 13 on the Nov. 8 ballot would legalize slot machines at airports and up to 10,000 gambling machines in Manitou Springs, where residents twice strongly rejected gambling. The proposal earmarks 75 percent of the revenue, after expenses, for Colorado public schools. Supporters say if 8,300 slot machines were installed in the states 17 commercial airports, schools could receive as much as $157 million a year, out of total income of $278 million.

Twenty percent, after expenses, would go to the airports and 5 percent to the state limited gambling fund. But airports that divert slot machine income to public education could lose their Federal Aviation Administration grants. Whenever someone accepts an FAA grant, they sign an agreement that says any revenue generated on the airport will be used for airport-related purposes," said Dennis Roberts, the Colorado Division of Aeronautics director. He said the revenue includes rent from airport tenants and landing fees, and would also include slot machine revenue. Airports that violate their grant agreements are not only ineligible for future federal funds, but legally could be held liable for past federal funds as well, he said.

None of the airports have shown an interest in installing slot machines, said Brian Feeney, president of the Colorado Airport Operators Association. Over the past three years, Colorado airports have received $157.3 million in FAA grants. This year they received $52.2 million. The money is used to buy land, build runways and make other improvements, buy equipment or other purposes. Associated Press DENVER 50.000 more skiers can opt to take flights directly to their choice of Colorado resorts and avoid Denvers weather delays and plane changes, officials say.

Although that number is small compared to the estimated 16 million passengers that move through the Denver airport each year, the option could be the beginning of a trend that would undermine one of the foundations Denver International Airport was built on: passengers flying into the Rocky Mountain region must change planes in Denver. Statistics show that during the 1993-1994 season, there were about 315.000 airline seats flying into half a dozen ski resorts in Colorado's mountains from Denver. This season that will be only about 209,500. That means Denver's share of the ski-flight market has dropped from 43 percent of the total to about 30 percent. Resorts are just responding to what skiers want, officials said.

Our customers want a good schedule, jet service, and want to get here quickly, said Purgatory spokesman Mike Smedly. That means airports in Durango, Vail, Gunnison, Hayden and Montrose are seeking to substitute jet flights to hubs like Los Angeles, Dallas and Newark for the turboprops that connect to Denver. Many of the resorts guarantee minimum income to airlines for certain service, so they have a strong incentive to sell those flights first. Purgatory, for example, has guaranteed American Airlines $2 million for a daily Dallas flight, so srg ilt Over the counter Denver beans DENVER (AP) Denver Beans were not available Friday. Denver cash grain DENVER (AP) The wheat and the No.

2 yellow com was not available Friday Quotations from the National Association of Securities Dealers Automated Quotations system are representative of inter-dealer prices as of approximately 10:30 a m. MDST today. Interdealer pnces change throughout the day Prices do not include markup, markdown or commissions. Quotations provided by Kemper Security Inc. New York metals NEW YORK (AP) Spot nonferrous metal prices Monday.

Aluminum 78.7 cents per lb, London Metal Exch. Fri. Copper $1.24 Cathode full plate, U.S. destinations. Copper $1.1845 per lb, NY Comex spot Fn.

Lead 42 cents per lb. Zinc per lb, delivered. Tin n.a. Metals Week composite pnce per lb. Gold $389.30 Handy Harman (only daily quote).

Gold $390.80 troy NY Comex spot month Fri. Silver $5,325 Handy Harman (only daily quote). Silver $5,295 per troy NY Comex spot month Fn. Mercury $205.00 per 76 lb flask. New York.

Platinum $423 00 5424. 50 troy Y. (contract). Silver futures NEW YORK (AP) Handy Harman silver Monday $5,325, off $0 010, Fabricated $5 352, off $0 010. The bullion price for silver earlier in London $5.3150, off $0,085.

Engelhard $5,340, off Fabricated $5,768, off $0,010 NY Comex silver spot month Friday $5,295, off $0,108. a lot of its advertising targets that Texas city, Medley said. Denver's gotten a bad rap for weather delays, even if statistics dont show it. Smedly said. So his resorts clients from the South and East are happy to change planes in Dallas instead.

Denver airport spokesman Chuck Cannon said he isnt worried about losing the flights, because the shortage of seats out of Denver could result in more passengers per flight. Denvers Channel 7 goes from CBS to ABC programming appeal coupled with its outstanding news organization fit well with KMGH-TVs local news and popular syndicated programming, said Edward T. Reilly, president of McGraw-Hills broadcasting unit, in the release. KUSA-TV is owned by Gannett Broadcasting Corp. Joe Franz-grote, the station's president and general manager, said Channel 9 has entered into an agreement, but it is not appropriate to announce anything at this time because we still have an affiliation agreement for our Denver station KUSA-TV with ABC." In addition to KMGH-TV, McGraw-Hill owns three other television stations.

KMGH-TV will join two other McGraw-Hill owned ABC affiliates, WRTV in Indianapolis and KGTV in San Diego. The other Mc Graw-Hill station, KERO-TV in Bakersfield, is a CBS affiliate. Associated Press DENVER A local CBS television station has reached an agreement to change its affiliation to ABC, McGraw-Hill Inc. has announced. McGraw-Hill, which owns KMGH-TV Channel 7, said the Denver station would continue to carry CBS network programming until the switch is complete.

Meanwhile, KUSA-Channel 9, Denvers current ABC affiliate, is expected to join NBC, with KCNC-Channel 4, owned by NBC, becoming part of the CBS network, the Rocky Mountain News reported Saturday. The changes are expected to be in effect by late summer. In an announcement released in New York, McGraw-Hill said the timing of the affiliation switch would be announced at a future date. ABCs strong network ffHEN? 15KLdttKVllNGVVmLllT Setting Strategies in Volatile Markets A free presentation for those investors seeking direction amidst the volatile markets over the past several months. Emphasis will be on both growth and income oriented strategies.

IS THIS A BEAR MARKET IN STOCKS, BONDS OR BOTH! Its hard to remember a time when so many professionals disagreed on where we are and where the markets are going. UTILITIES After falling over 30 from their highs, are utilities now buying opportunities? Denver Sprint workers allege abuse on the job HERE? GLOBALINTERNATIONAL INVESTING IS IT FOR YOU? As dollars continue to flow to the international markets, are we nearing the end of an investment fad or is this just the beginning of a long investment trend? HOW DO INTEREST RATES AFFECT THE STOCK MARKET? Can the stock market continue to perform in a rising interest rate scenario? WHAT ARE DERIVATIVES? ARE THEY PRESENT IN YOUR INVESTMENTS? How derivatives have caught many conservative investors by surprise. have filed two lawsuits alleging racial and sexual discrimination and others have lodged several complaints with labor and civil-rights agencies. In my opinion, if you try to do the right thing to make Sprint a better place and voice legitimate concerns, local management retaliates against you, said Joel Levitt, 44, a Sprint salesman who has filed a labor complaint. The company denies the various allegations, and employees interviewed at random expressed contentment with their situation.

I think this is a great company to work for, said Kristine Nielsen. "There are some people who are unhappy with their jobs, but if theyre so miserable they should leave. Associated Press DENVER Just weeks after Sprint Corp. was slapped with a federal lawsuit for alleged labor law violations in San Francisco, tensions are on the rise at a sales division here where several employees say they have been abused. The company denies the claims.

The Denver employees accuse managers of the nations third-largest long-distance phone company of harassing workers, intimidating pro-union employees and weeding out sales people before they qualify for pensions. The National Labor Relations Board in the San Francisco case hit Sprint with a lawsuit alleging 50 violations of federal labor law. In Denver, employees already HOW TO USE STOCK MARKET VOLATILITY TO ENHANCE YOUR RETURNS While many people fear volatility in the markets, other investors use this volatility to enhance the returns in their portfolio. WHO? WHAT DOES ASSET ALLOCATION MEAN TO YOUR PORTFOLIO? Asset allocation, does it enhance your total return or just protect the downside 19114(4 sViTjvi I Yi.ti?ri fit ilfy) iH MJVy CtmnfUfi tiA S' Of The y. For The in your portfolio? SPACE IS LIMITED SO PLEASE CALL EARLY FOR RESERVATIONS 242-8262 or 1-800-452-6712 I 1 SECURITIES I I KemmzR i i State Senate Now its our turn! Or.

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