The Kansas City Times from Kansas City, Missouri • 54

Saturday gty (Ohj Sintra Business Section June 4 1983 Meatpackers begin strike at six Wilson Foods plants UAW to vote on Deere pact clared Friday that not going to Mr Nothnagel said local workers have their own contract with Wilson and are not covered under the master labor contract In light of Wilson's bankruptcy proceedings he said workers were already in a precarious position and "this is not the time to walk the people over the edge of the None of tfe plants to be struck was scheduled to be open today or Sunday Mr Dowdy said Production at the See WILSON Page F-5 Col 5 lahoma City Albert Lea Minn Cedar Rapids and Cherokee Iowa Logansport bid and Monmouth HI Mr Dowdy said The remaining plants are not expected to be affected by the strike including those at Marshall Mo and the Wilson-owned Williams Meat Co in Kansas City Kan They are under a different contract Carl Nothnagel president of the United Food and Commercial Workers International Union Local 578 which represents Wilson workers in Marshall and Kansas City Kan de The Associated Press MOLINE 111 Deere A Co reached a tentative contract agreement with the United Auto Workers on Friday but striking union members in two states stayed on the picket line A union official saidno details of the agreement which was presented to the union Tuesday would be released until after the vote scheduled to begin today A union spokesman who asked not to be identified said employees in Iowa and Illinois may keep striking until the contract proposal is ratified Framte TMH 8M and Sit AmocMmI Pims OKLAHOMA CITY Union meat packers struck Wilson Foods Corp the largest processor of fresh pork this morning Aver a labor contract the company broke by filing for reorganization in bankruptcy court Nearly 90 percent of 6000 members of the United Food and Commercial Workers International Union voted to walk out at 13:01 am today said a spokesman for Lewie Anderson who heads the packing division in Washington DC Picketing began on schedule as about 00 workers gathered outside the Oklahoma City plant nine of them carrying signs A company spokesman said the union told Wilson that strikes would be called at six of the plants where 4800 workers are employed The outcome of the strike vote which was conducted at the 12 Wilson meatpacking plants Thursday night and early Friday was announced in Washington by a spokesman for Lewie Anderson who heads the packing division The plants being struck are at Ok He said the union would try to complete the vote during the weekend clearing the way for a return to work Monday Hie UAW had imposed a deadline of midnight Thursday for reaching a new contract and union members refused to cross picket lines after that deadline passed Stephen Yokich UAW international vice president announced the pact early Friday afternoon He said the agreement would be voted on by the 28500 Deere UAW members at II lo-See DEERE Page F-5 Col 5 Supply of money declines Slight drop fails to compensate for recent growth The Associated Pim NEW YORK Hie basic supply of money contracted by $400 million in late May the Federal Reserve Board said Friday a slim decline that did little to slow the explosive growth of money over the four previous weeks Hie decline expected by Wall Street also did little to assauge fears among some analysts that the Federal Reserve soon will be forced to tighten credit to bring the growth of money under control As a result some short-term interest rates edged higher and bond prices slipped after the latest monetary figures were released The rate on three-month Treasury bills for example rose to 865 percent from 800 percent before the figures were announced it was 851 percent late Hiursday numbers leave the money- College program gives small-business firms a hand RT Crumpley r-t i-i ijfli nones wmer A1 dark who is president of a small high-technology firm in Kansas City wondered how he might tap into a new federal government program to give more research and development grants to small companies So a few weeks ago he asked around and before long he landed in the Rockhurst College office of Bruce Culley Not only did Mr Culley offer to help with filling out the proper forWte for the government grant but while SMALL BUSINESS he was at it he took an overview of the business and offered some tips on how to get financial backing for Mr emerging line of computer software programs for the cable television industry Now Mr business named Tuned Intelligence Inc is negotiating for a loan been helpful" Mr dark said And the price for this assistance from Mr Culley? No charge Mr Culley is director of the Small Business Development Center a new program that provides counseling training and technical assistance to small businesses Tliis center began late last fall as a government college linkup The program works like this: In 1978 the Small Business Administration began giving grants to some states to form these Small Business Development Centers Missouri is the 23rd state to get (Hie Kansas has not received a grant The SBA gave Missouri $2ML500 which was divided among four colleges and universities: SL Louis University the University of Miwouri-Rolla Southwest Missouri State University at Springfield and Rockhurst Judy Burngen (left) a consultant of the Small Business Development Center and Brace Colley directin' of the center discuss a Paul IwanagiSUir file concerning a marketing plan They work at Rockhurst College one of four colleges in Missouri to have such a program Each college is required to match roughly the amount of its grant Because Rockhurst received about 120000 the college is donating a roughly equal amount in cash as well as in staff and office (Mr Culley has one full-time secretary and two part-time masters of business administration graduates who help) Mr Culley who in mid-April took over as director of See CENTER Page F-4 Cot 1 Market rises but is restrained by concern over interest rates percent in May from 102 percent in April for the third-straight monthly decline Despite encouraging economic developments analysts said traders remained wary about the Federal Reserve Board's money-supply report which was released after the dose of the New York Stock Exchange Lyle Gramley a Fed governor said that if recent rates of money-supply growth were to continue in a rebounding economy the growth would to be slowed substantially to avoid a renewed outbreak of inflation Ford rose 1 to 51 Chrysler was up to 27 and American Motors gained to 9 Among technology issues Motorola soared 5 to 128 Texas Instruments was up 5 at 162 and National Semiconductor added 1 to 40 Coleco Industries surged 5 to 51 on tap of a 2-point gain Thursday The company is scheduled to introduce a new home computer model this weekend Before trading opened the Labor Department reported that the civilian unemployment rate slipped to 101 Lew Smith a technical analyst at Bear Stearns Co said recovery stocks" were the big winners He referred to the rebounding auto industry and prospects for growth among technology companies that make semiconductors and other products for recovering businesses Automakers said sales spurted up 197 percent in late May from the depressed levels of a year earlier triggering a rally in auto issues General Motors leaped 2 to 68 ground at the dose Nearly three stocks rose in price for every two that fell on the New York Stock Exchange Hie composite index of all its listed stocks rose 0JB to 9513 Record heights were reached for broad indexes at two exchanges that have a greater representation of smaller companies At the American Stock Exchange the market value index was up 4A0 to '46652 and the NASDAQ composite index for the over-the-counter market dosed at 313J5up340 NEW Stock prices rose for a second-straight day Friday as further signs emerged of a growing economy But analysts noted that the trading pace slowed and said that gains were restrained by concern about the course of interest rates The Dow Jones average of 20 industrials rose I A0 to 121304 cutting its loss for the week to 310 points The hlue-chip average had been up more than points two-thirds of the way through the session before giving Maury Harris a money-market economist at Paine Webber Jack-son Curtis Inc prerequisite for lower interest rates remains a major faUoff id Ml the basic money measure that represents funds readily available for spending fell to a seasonally ad justed $508 A billion in the week ended May 25 from $5002 billion the previous week the Fed said Ml includes cash in circulation deposits in checking-type accounts at banking institutions and non-bank checks For the latest 13 weeks Ml averaged $4995 billion a 139 percent seasonally adjusted annual rate of gain from the previous 13 weeks The Fed has set a goal of 4 percent to 8 percent growth in Ml from the fourth quarter of 1982 to the fourth quarter of 1983 Because Ml is well above target it soared $152 billion before the latest decline debate has intensified as to whether the Fed will limit credit in the weeks to come Hie central bank wants to provide enough money to foster economic growth but does not want to flood it with money because that could raise inflation Fed is definitely considering the possibility of tightening it's even possible already tightened a little said Elliott Platt an economist at Donaldson Lufkin A Jentrette Securities Corp But Mr Platt said that if the Fed did restrict the availability of money it would Jo so very because slamming on the credit brakes could thwart the fledgling recovery and lift unemployment Earlier this week Preston Martin vice chairman of the Federal Reserve said the board was trying to a recovery and was being careful" to avoid overreacting to the recent surge in I But Federal Reserve Gov Lyle Gramley said Friday that he would if recent growth continued during the recovery In other indicators for the week ended Wednesday May 25: Commercial and industrial loans on the books of the large banks fell $17 million compared with a decline of $724 million the previous week a The Federal Reserve Bank of New York reported commercial and industrial loans at major New York City banks fell $255 million The Federal Reserve Bank of SL Louis reported that the monetary base the seasonally adjusted total of member bank reserves held at Federal Reserve banks and cash in bonk vaults and in circulation was $140 billion up from $1014 billion a week earlier Lenexa firm seeks takeover KCMO puts on push to sell its name change Forum Restaurants nears sales agreement Business Special debuts Tuesday Next week Hie Kansas City Times will launch a new Tuesday business section Business Special to expand the coverage of business and economic news in the paper Business Special will indude regular business-page coverage from Hie Times some features from Business Monday which will be discontinued and some new features Hie new section will be in tabloid form to provide room for more news about Kansas City business people coming events economic indicators and trends as well as immediate news about the economies in the United States and abroad There will be a new agribusiness page more detail about construction bidding licensing and other matters of public record that serve as economic barometers more news and advice about personal money management and stock and commodity price tables that are easier to read But doing so be inexpensive Starting next week the station will launch a monthlong media advertising campaign during which it will spend more than $100000 to tell of the change in area newspapers magazines trade publications as well as on billboards radio stations and its own TV station according to Mr Jones And Friday Bill Kurtis co-anchor on the Morning News" was in Kansas City to help the station kick off a series of activities regarding its name change Hie advertising budget however cover additional expenses such as new stationery or painting the new call letters on the cars and vans The station's sales department also will sponsor a campaign estimated to co6t more than $50000 As part of that campaign sales representatives starting Monday will personally deliver about 500 red and blue lucite KCTV paperweights to advertisers said Patrick North general See KCTV Page F-6 Cal 1 By Roxane Johnson 1 finincwwrln A change in call letters from KCMO-TV Channel 5 to KCTV 5 scheduled to take effect Monday represents new identity for the CBS sf-filiate and an opportunity more than willing to capitalize on station officials say The move to the new call letters occurred unexpectedly after radio station KCMO-AM and KCEZ-FM were sold last fall to Fairbanks Communications Co of Indianapolis Because the Federal Communications Commission prohibits separate owners from using the same call letters KCMO-TV which lost its identity in the sale was forced to search for a new one Phil Jones KCMO-TV general manager said the new call letters which were acquired from a television station in Sim Angelo Texas better reflect the broader metropolitan area the station serves The new ID also provides the station with a timely vehicle to promote itself and tell viewers what it thinks about the dty Some 304000 of those are being sold to Star by Mr Pope Under the terms of an agreement tiled with the Securities and Exchange Commission Star may pay iq to $250 per share for the remaining 10SAOO needed to achieve the 67 percent control required to complete the agreement Further details of the tramaction remain undear Mr Sailor dedined to uy anything about the matter beyond a brief summary of the SEC filing released by Fanan and his two partners could not be reached for comment Sailors a realty concern earlier acquired the Winstead drive-in restaurants and the Putsch's Coffee Houses and Cafeterias chief divisions indude Restaurants Forum Cafeterias and its Forum Food Service which indudes the La Veranda Res-tairant in the Granada Rpyaie The proposed sale of Forum Restaurants Inc to a Lenexa corporation for potentially $14 million might be completed within a week Forum's largest stockholder said Friday St Louis restaurateur Harry Pope whose corporation HA Pope and Sons owns S3 percent of outstanding stock said final stages of the takeover by Star Restaurant Corp of Lenexa were proceeding quickly Star is wholly owned hy the Continental Interests Inc division of RH Sailors and Co Continental and principal shareholders indude Nabil Hah-bad RJL Sailors and Rick Stucy Mr Pope agreed earlier to aeU his holdings to Star for $12 million but Star must also buy an additional 14 percent of stock far an estimated $2SBJ)00 before the transaction completed Nearly 743AOO shares of Forum stock held by 857 stockholders were available for trading in the over-theoounter market at last count.