Fort Worth Star-Telegram from Fort Worth, Texas • 27

0' os Telegram 0 1 i 4414110 11 a i trd 4 4 1 1 A I 1 I 1' t'' 1 0 4i 511 44-1 446100 4o 41 K--4-4 A AlanainaMINIMIT '4 WaSSENS' USE SEPTEMBER 15 1979 Expert examines productivity drop 44 4'1 7 4 i 1 I ws: 1 1 1 rq- I 1 $6:41 4::::: rP1 t'44ty 1 4 Vd 4 1: vrw i 0: I I -t 1 'd :4 Of 1 tx i i 1 :1 I r-1 4 1 4 ii 1 i 4 1( 1 -4 1 i i t1 4latt441 1 'i i' fri- Ft- -vetrr- i Li ri wl i t' 4 -i ig-: am i $: 1 0: :4 143'ig i 1) i '1(3 t3 ''''---'''''k 1' 1''' 1 A t'5 3 7: 4 i i '4 u': 4 i 1i: i 4 i wA-a 4tAtit i it 10'1N 1 -I 4 it A i I 1 4-1 -4 'Awl 'll i' 1 f' ''''''a-44t'''t: i'- -3 k' 175''''ky ''ad i 4s ALLL 1 11 ::0 Press Laserphoto spray for a controlled amount of from the sprayed targets are used being considered for sale or for of products already on the shelf SPLATTER TEST machine utilizes gameboard like targets to test the spread pattern and covering power of spray paints Designed by technicians at Woolwoith's Quality Assurance Laboratory in New York it bare wails' sell-off starts chandeliers in the Grand Ballroom and the escalator are among the high ticket items Souvenir hunters can choose from among thousands of pieces of silver and glassware some priced as low as six for $1 Antique lovers and nostalgia buffs can buy the swinging doors off the Four Sixes Restaurant or a key to the guest room where they spent their honeymoon Kabealo said Every item for sale will have a price tag on it and there will be about 35 salesmen during the opening days to handle an anticipated crowd of 3000 to 5000 persons Contents of both the hotel and the annex will be sold in increments beginning at the top floor of the hotel down through the ninth and including sale items on display in both the lobby and the Grand Ballroom After these are sold rooms on the lower floors will be opened and later the rooms in the newer annex building at electronically triggers time Data obtained to evaluate products monitoring the quality 7 7-7 Star SATURD4 licatemmegi Paj eff rev By MI( StarTe Art effort tx to the Metro tion in Fort Vi from a Califc one of the fey nation However cations Com' carefully on subscription regular LID' ponents wan fore constru Fort Worth ON WED Ind of San Communicat tered into a ji Inc a tion to Worth statk owned and an Oak Indus and would mercial tele High Freque time At night I send out a only to subsc ing device would provi pertise for tl cent of the Programs include movi their first ti events and concerts In jointly opera Communical tonal Subs than 209000" for the sped man explair The decisil tion to sports fact even market A businessmar to the FCC I( Worth trans TV on July group kno FCC docurn tonal Subs ievari how rez solved with rights to the lion in Los joint vent ur 111E SCI1 1 cessfully the Oak side TV group notmcement Complicat another Cha led by Robe applying for authority I American its applicatil 1975 There are ing for pem stations in by Clint Mur las Cow boys by Liberty quartered II Although 1 Fort Worthii plot potent to apply in I rule all to a cornmi Cahill an at munications scription Subscript' air basis is a with the fir February It NJ across City It's no men startini superior eci another fon ya jormetropol mile" corn turn the sig LA marke Schlenker to comment for the Fort there avail' Worth busin spective ye In Fort 11 manager of had no fear' bon "I do cable or ho affect the lc long-run" I happen is watching It Out AUC WASHINf industrial cl August tt production slumped sh Friday The talk al sector re recession layoffs but EU2l news Star SATURDAY Pay effort By StarTelegram An effort to to the Metroplex in Fort from a California one of the few nation However carefully on subscription regular LID' warn construction Fort Worth ON Inc of San Communications into a Inc a Texas TV to Worth station owned and an Oak Industries and would High Frequency At night send out a only to device would provide for of the Programs include movies their first events and concerts In jointly operates Communications than 209000 for the special explained The decision to sponsor fact even market A businessman to the FCC Worth TV on July group known FCC documents year however TV partership with rights to the in Los joint venture) THE the Oak side TV group Complicating another led by Robert applying for authority American its application 1975 There are for stations in by Clint Cowboys by Liberty in Although Fort Worth potential to apply in rule to a community Cahill an Subscription basis is a with the first February NJ across City It's starting superior another form VWhen you mile" turn the signal LA market" Schlenker to comment for the Fort there available Worth In Fort manager of had no fear hon "I cable or affect the long-run" happen is watching the Output August industrial August production slumped Friday The sector recession layoffs but gvd news Everything 'down to the Sheraton's By JANICE WILLIAMS Star-Telegram Businms Writer Everything from grand pianos to oyster forks will be on sale to the general public beginning at 9 am Monday when National Content Liquidators opens the Main Street doors of the shuttered old Sheraton Fort Worth Hotel at Eighth and Main downtown The company has been employed by Woodbine Development Corp the new owner of the property to sell everything down to the bare walls and even those in some cases within the next 45 days so that work can get under way on converting the landmark hotel into a Hyatt Regency Described by NCL vice president Mike Kabealo as "Fort Worth's biggest garage sale" it will go on seven days a week until the contents are liquidated Kabealo estimates that gross receipts will approach the $500000 mark The pianos the giant wrought iron Compiled from stall Metroplex Off the lorr -t J--- r-'t II l-- lipt 4- 44 qa at 4 4 I' 1-Aft fan Compiled from stall TV revived MICHAEL MILLENSON Boiness Writer bring over-the-air pay TV by building a new station Worth won backing this week corporation operating such pay TV stations in the with the Federal Communications Commission treading slowly and the unfamiliar ground of service being offered by channels even pay TV proponents that it could be years before actually begins on a area transmitter WEDNESDAY Oak Industries Diego announced that its Oak Inc subsidiary had entered joint venture with Channel 21 firm to provide subscription the Nletroplex from a Fort The station would be operated by channel 21 Inc spokesman explained broadcast regular free commercial television fare over its Ultra channel during the daytime however the station would scrambled signal available subscribers with a special decoding Oak said the spokesman the equipment and expertise this service and own 60 percent revenues likely to be offered would which had just completed Water circuit local Sports television specials such as Los Angeles where Oak a station with Chartwell under the name of National Subscription Television more subscribers pay $20 monthly service the Oak spokesman by the San Diego corporation pay TV here does not in bring a new entrant into the group headed by a Houston Sidney Schlenker applied for permission to build a Fort transmitter for over-the-air pay 29 1976 At the time the as Channel 21 Inc in the was sponsored by National Subscription Television Last National the Subscription of Oak and Chartwell dissolved each corporation retaining name separately (Their station Angeles though remains a SCHLENKER group then successfully renegotiated its contract with of the National Subscription leading to this weeks annotmcement the situation further is Channel 21 Inc group this one Block in Milwaukee also Fort Worth subscription TV Block's group is known as Subscription TV and it filed to the FCC on October 1 also at least two groups vying permission to build subscription Dallas One group is headed Murchison an owner of the Dallas Another group is sponsored Subsciption Television headquartered Eugene Ore a station in either Dallas or would serve the entire Metroplex licensees are encouraged both markets because of an allowing only one such station according to Itobert attorney for the Charter Communications branch of National Subscription Television television on an over-theair relatively new phenomena license being granted in 1977 to a station in Newark the river from New York main advantage to businessmen such a venture is its vastly economics to cable television of subscription TV have cable to cable a majormetropolitan area costsyou $150000 a commented Cahill "When we on we cover the whole was unaiiailable late Friday further on his group's plans Worth-Dallas area nor were annames of any Fort businessmen involved in the prospective venture Worth Blake Byrne general KJCAS-TV Channel 5 said he of the potential new competi don't think over-the-air pay home box office are going to local station that much in the he said "I think what will people will spend more time tube" had drop WASHINGIONIAP1 The nation's output plunged 11 percent in the first drop since April as of autos and household goods sharply the government said fall-off in virtually every industrial reflects the nation's slide into a and could presage future some economists saw a bit of behind the figures "Acting now to avert an unmanageable buildup of goods on the shell will avoid the need for even larger production cutbacks and layoffs later" said William Cox deputy chief economist at the Corn-pierce Department By RICHARD SIZEMORE Star-Telegram liminess Writer DALLAS Former Price Commission Chairman Jackson Grayson warned Friday the nation's declining productivity would spell the I end of world eco- i 'CIL nomic leadership for the United States 13') The day may not be far off Grayson said "In 15 years we could become another Britain un- less we change" he added As the Carter ad- JACKSON ministration plans GRAYSON a two-year extension of wage-price guidelines Grayson told the Star-Telegram in an interview he would throw out all forms of controls and guidelines not only on wages and prices but also on energy He headed phase two of the Nixon administration's price control program At present the former dean of SMU's business school heads the American Productivity Center which he founded in Houston Instead of controls Grayson said he would make a productivity program the No 1 priority "as a first move in a long Chevy changes By EDWARD HANLEY StarTelegram Business Writer Most of the changes that Chevrolet has made in the 1980 models are subtle and made to improve aerodynamics not appearance The Chevrolet Division of General Motors Corp held its annual Chevy Preview of new model cars Friday for the 168 dealers and their salesmen in the Dallas District The grille on the Impala and Caprice line is new although it closely resembles last year's look And to improve aerodynamics and add a Little extra trunk room Chevrolet has raised the rear quarter panels and trunk area slightly Weight of the car has been cut by about 200 pounds The 57 liter 1350 cid) engine will no longer be available and the 38 liter 1238 cid) V-6 will become the standard engine The 5 liter (305 cid) V-8 will be the largest gasoline engine available in the Impala and Caprice line Chevrolet Division's Hightower said gasoline mileage of the Caprice has been improved 33 percent over 1975 models According to Chevrolet tests the Caprice and Impala will get 18 miles per gallon in be paid for Stansell minority owner and vice president-general manager of KOAX KOAX currently ranks sixth among Fort Worth-Dallas radio stations with a 62 share of 12-year-old and over audience from 6 am to midnight Mondays through Sundays The sale if approved will leave Metroplex Communications with one AM property in Miami and FM properties in Miami and St Louis The purchase for Westinghouse will represent its fourth FM station in this country if both the Houston and Dallas transactions pass FCC review Westinghouse already has its full complement of AM radio stations seven) and VHF television stations (five) in this country Negotiations on the transaction took more than 60 days Stansell said Metroplex became interested in selling off the property because of Westinghouse's reputation of being a quality broadcasting loncern and the "good price" For Westinghouse the purchase is in keeping with its corporate strategy of filling out its complement of FM stations it can buy three more by expanding into Southwestern and Far Western markets The company's only Western markets are San Francisco and Los Angeles The company is now looking at Phoenix San Diego Seattle and Tampa-St Peters-bung as other possible expansion spots The purchase is also in keeping with the company's current move into "beau number of properties including ware-base and commercial structures and apartment projects Mark IV was opened in 1966 after Great Southwest purchased the property from Fort Worth Chamber Development Corp for more than $15 million Trans Canada is a wholly-owned subsidiary of NB Cook Corp Ltd a publicly-held company traded on the Vancouver and Toronto Stock Exchanges Trans Canada has major land holdings in various stages of residential or industrial development in Seattle Phoenix Denver and Eugene Ore as well as several provinces of Canada The company also owns nursing and retirement homes in estem Canada an equipment leasing company in Vancouver a placer gold operation in the Yukon and has developed several high-rise apartment projects in Vancouver It recently acquired a majority interest in a joint venture that owns or controls about 2200 acres of land in southwest Fort Worth adjoining CandleRidge The Mark IV transaction was handled by Mike Reilly of Reilly-Ginsburg and Buzz Franklin of Baldwin Co Realtors in D4llas ilr -ifA f'? i' 1:31 i 40 i 4 step toward recovering this nation's leadership" The guidelines program is actually hurting productivity and giving some companies problems Grayson said For one thing the guidelines are inequitable because some firms are complying and some are not he said Asked about reports from Washington that Carter's new program may give an edge to labor Grayson said "The two have to be in tandem you can't be more lenient on wages than on prices" He pointed out however that in the last 10 to 12 years US wage earners have held their purchasing power about equal despite paper pay raises For the last two quarters they actually have been losing ground he said Controls and guidelines will only make the productivity problem worse Gray son said There are a lot of generalities and misconceptions about what productivity means he said he defined it aw "output over input" History proves that price controls don't work Grayson said Use of them was first recorded about 2500 BC he said and they have been tried all through history by Greece Rome and France as examples and "there is no record of their ever having worked" "We're trying them again and they are a shambles" he said mostly subtle city driving and Z5 mpg on the highway for a combined- average or21 mpg Chevrolet's 1980 products are designed to meet energy efficiency which the company claims to be "on target for the times" From this the carmaker has selected for its 1980 slogan "Show the wey Chevrolet" Chevette America's best-selling snail car looks about the same as the 1979 models although it has an aerodynamic new rear style new brake system and longer life optional steel-belted radial tires The new hatchback design has aerodynamic benefits from improved air flow pattern and doesn't have the same boxy look of previous models New wraparound tail lamps make up the other appearance changss of the 1980 Chevette The only exterior modification of the Camaro line is a grille change The standard engine will be the 38 liter V-6 The Monte Carlo has a new front end and quad rectangular lights and although the front fenders are new the change is hardly noticeable KOAX FM tiful music" programming KODA in Houston is also a good music station and Group just last week changed over its FM Pittsburgh outlet to good music Group is also strong in all-news or newstalk formats with four stations in that category In fact said Harris Group is contemplating adding news and community affairs programming to the good music format at KOAX Harris said the company's demographic research indicated the station could add reporting in areas such as health and consumer affairs specialties without changing the basic appeal of the format But Harris said he could not comment on other possible changes at this time including whether the current management including Stansell would be retained Said Harris though "(Stansell) is the kind of guy we go out and look for" The radio group is a $250 million subsidiary of the $7 billion Westinghouse Electric Corp based in Pittsburgh Westinghouse pioneered in American radio broadcasting when it put into operation the first radio station in the country KDKA Pittsburgh in In broadcasting election results for the Warren Harding-James Cox presidential race And while Westinghouse has set a record in agreeing to buy KOAX for $7 million that record is not expected to last for long According to Broadcasting magazine the asking price for KILI-FM San Francisco which is currently entertaining a number of suitors is $15 million Market has good day NEW YORK AP) The stock market rallied Friday shrugging off the rapid spread of a 13 percent prime rate in the banking industry Trading was active Many of the nation's banks raised their prime lending rates this morning to 13 percent joining New York's Chase Manhattan Bank at that record level But the news came as no surprise to Wall Street The Dow Jones average of 30 industrials rose 845 to 137918 closing out the week with a net gain of 503 points Advances outnumbered declines by more than a 2-1 margin on the New York Stock Exchange Big Board volume came to 4198 million shares against 3524 million the day before The NYSE's composite common-stock index rose 55 to 6208 At the Amehcan Stock Exchange the market value index was up 231 at 92 unr I Monday Eighth and Commerce The company which has liquidated building contents at more than 500 locations in the nation no longer uses the auction as a means of selling off property Kabealo said "We discovered at the auctions that there would always be some private citizens wanting to buy some little item for a keepsake and they got squeezed out because we were selling in big lots or groups This way everybody can get it on the sale and buy some little something that reminds them of happy times in the past" The sale will go on from 9 am to 5 pm on week days and from noon until 5 pm each Sunday Buyers must make their own arrangements about transporting large items or pieces of furniture within three days from the date of purchase The company will accept cash bank credit cards or cashier's checks but no personal checks $7 million to By TOM STEENERT-THRELKELD Star-Telegram Business Writer Westinghouse Broadcasting a pioneer in the American radio industry has agreed to purchase KOAX-FM Dallas for the highest price ever paid for an FM radio station in this country In a letter of intent signed Thursday Westinghouse agreed to pay Metroplex Communications current owners of the station $7 million The transaction remains subject to Federal Communications Commission approval But coupled with Westing-house's pending acquisition of KODAFM in Houston this thrust into the Fort Worth-Dallas market is designed to make Group Wetinghouse a major force in Texas broadcasting according to Richard Harris president of the radio group for Group Westinghouse Broadcasting If the transaction is approved the $7 million purchase price will top the previous record price of $67 million set in April when Sandusky Newspapers Inc of Ohio bought KPB1-FM in Denver according to the records of Broadcasting magazine a trade publication The $7 million price represents a $53 million gain on the property for the owners of KOAX Metroplex Communications bought KOAX in August 1976 from Able Communications Inc: for $17 million The gain will be split among majority owners Norman Wain and Bob Weiss of Metroplex Communications and Jim ticker 11 it 10 i 614----- and wire reports and wire reports TWO CHOPPERS SOLD Helicopter Textron said that an all fixed-wing jet charter service for Midwestern corporations bought two LongRanger-11 helicopters as the first rotary wing aircraft in its fleet Executive Jet Aviation Columbus Ohio said customer demand persuaded the firm to expand service to include helicopters Earnings-dividends SUMMIT ENERGY regular quarterly dividend of 5 cents a share of common stock has been declared by Summit Energy Inc Dallas payable Oct 8 to shareholders or record on Sept 26 The company produces oil and gas from wells in Kansas New Mexico Oklahoma Louisiana and Texas LTV DIVIDEND Corp Dallas Friday declared a regularly quarterly dividend of $125 a share on its series A cumulative preferred stock and 65 cents on series cumulative convertible preferred stock both to be paid Nov 1 to shareholders of record on Oct OMEGA OPTICAL DIVIDEND Optical Co Inc Dallas has announced a regular quarterly dividend of 5 cents a share payable Oct 1 to shareholders of record on Sept 17 National Mark IV Park area sold I SETTLEMEN'T ATTEMPT for International Business Machines Corp agreed Friday to make a new try at asking the government to settle its 10-year-old antitrust action againSt the computer giant Thomas Barr IBM counsel notified the US Court of Appeals that he will seek a meeting with Attorney General Benjamin Civiletti to discuss a negotiated settlement WANTS our 0F DISCOUNTS Airlines is seeking government permission to abandon lzre discounts on fares between New York and the West Coast company officials say United Trans World Airlines and American Airlines have asked the CAB on discount fares between New York and Los Angeles to $139 from $108 but United wants to drop them altogether BUYLNG INTO CABLE TV Express Co said Friday it planned to acquire 50 percent of Warner Communications Inc's cable television business for $175 million The firms said they had agreed in principle to the new arrangement under which the firm will be known as Warner-Amex Cable Communications Inc Warner is one of the biggest participants in the cable industry Trans Canada Enterprises Ltd of Vancouver British Columbia has acquired the remaining 783 acres of land at Mark IV Park in a $12 million transaction The 1008-acre business park located at the intersection of Interstate 35W and Loop 820 on the North Side was sold by Land Co Peter Baldwin and Baldwin Land Co all of Dallas A portion of the property has been developed and is ready for construction Mu-ray Hardisty executive vice president of the Canadian real estate investment conpany said that Trans Canada will "aggressively pursue a program of further orderly development providing both commercial and industrial sites for sale" Tenants in the r5 occupied acres at Mark IV include Coca- Cola Continental Can Georgia-Pacific Hoffman-LaRoche Tracor Westronics wagen and Sid Richardson Carbon Co The park has been owned by Dallas interests since 1971 when it was purchased from Great Southwest Corp vihich was in financial difficulties because its parent Penn Central had filed for bankruptcy The resulting liquidity gists saw Great Southwest selling a International GOLD tirrs NEW ItEicirrs soared $12 an ounce to new highs on European markets Friday as it went above $345 an ounce The dollar was narrowly mixed on currency markets but posted good gains against the Japanese yen and British pound Gold peaked at $34580 an otmce in London before fading to end the week up $11 at $344115 In Zurich it touched $34575 and closed at $34450 AALALAt doe.