Herald and Review from Decatur, Illinois • Page 8

Decatur, Illinois Friday, July 2, 1993 no 1 On Business II mm ji ii piw 1 quickly. Other complaints surfaced in California, North Carolina, Virginia, and Florida. Benjamin Chavis executive director of the Baltimore-based National Association for the Advancement of Colored People, said the agreement didn't come in response to the complaints, though he said the controversy did give the negotiations a greater sense of urgency. He also said the pact wouldn't mean an automatic end to the NAACP, Jerry Richardson, chairman of Flagstar pledged a minority recruitment and training program to add 325 management positions by the year 2000 and create 53 new black-owned franchises by 1997. Twelve percent of Flagstar's $800 million in food, paper and supplies would be purchased from black-owned firms and 15 percent of the company's $12.5 million in annual professional services expenditures would be directed to blacks.

Parent of Denny's, accused of discrimination, to help minority business. BALTIMORE (AP) The parent company of Denny's restaurants, which have been accused of discriminating against black customers, promised Thursday to generate $1 billion in minority business opportunities over seven years. In an agreement signed with the Flagstar, based in Spartanburg, S.C., would also appoint at least one black member to its board of directors by year's end. There are no minorities on the 10-member board now. Richardson and NAACP representatives signed the agreement in Baltimore to cover 120,000 employees at Denny's, Hardee's, Quincy's Family Steakhouse, El Polio Loco restaurants and the Canteen food and vending operation.

Later, they flew to North Caro lina to sign a similar agreement for Richardson Sports, a company Richardson has formed to try to land a National Football League expansion franchise in Charlotte. Denny's has been accused of turning away black customers, serving them more slowly or sometimes requesting payment in advance. Six black Secret Service officers sued Denny's in May, saying the chain's restaurant in Annapolis, violated their civil rights by serving white customers more RUMINSKI Lowes plans ljf mm JYW if A 3V JF VMS 1 Practice high profile Recent lockouts CHICAGO (AP) Labor experts say many of the recent contract disputes leading to lockouts have been mainly over the rising costs of health care. Labor often wants to keep its benefits while management prefers cost-sharing or turning over the burden to employees. Here are some of the more recent lockouts that have occurred across America in the past year: Hundreds of employees of Decatur-faased A.E.

Statey Mfg. Co. which produces sugar and corn sweeteners, are tacked out in 3 dispute over changing work rotes. AJI'ted Industrial Workers were taking part in a 'work-to-rute' action performing only those tasks necessary to get the job done. The company on Sunday contended some workers were sabotaging operations and possibly endangering the publfCvThe union denies the charges.

Workers from two unions at Central Itlinots Public Service an electric utility based in Springfield, were locked out In a dispute that began May 20. The company contends workers, whose contract negotiations had broken down, had staged a slowdown. The International Brotherhood of Electrical Workers and the International Union of Operating Engineers deny the charge. The operating engineers since have signed a contract but refuse to cross the electrical workers' picket tines. About 900 employees were kept from work for several months at Boston Gas Co.

after contract talks broke The main stumbling block was health benefits. Workers returned last month. Management for a chain of supermarkets in New Jersey and New York locked out members of United Fcod and Commercial Workers Locaf 1262 in May a dis- pute over health care benefits. The PPG Industries Inc. glass plants in western Pennsylvania were shut down fn May after contract talks col lapsed between the company and the Aluminum, Brick and Glass Workers International Union.

The sticking points were health care and pensions. Warehouse workers at Hasbro Inc, headquarters in Pawtucket, R.I., were locked out for two months. Hasbro executives argued they needed to cut costs and workers' salaries to remain competitive. It ended In February after Teamsters Local 251 signed a three-year contract. stocks Petroleum prices Final New York NEW YORK (AP) Petroleum cash prices Thursday as compared with Tuesday's prices.

Refined Products Fuel oil No. 2 NY hbr be I gl fob Sales Last Chg. 1794 SO1 144J6 62 '4 5S66 55'Tt- 8178 23 Photo by Dennis Mao.ee Earl Hammer, 60, who has logged nearly 41 years with A.E. Staley Mfg. put his time in Wednesday on the picket line near the plant's West Gate.

"With (the company) locking us out we've got a better chance of getting a contract," Hammer said. "They'll have to make a move. At least that's what we hope." AIW asks for order to keep company out of member lockers becoming Continued from A1 the Labor Research Association in New York. The federal Bureau of Labor Statistics has no figures on the number of lockouts in the past year because it lumps lockouts and strikes into one category called work stoppages. But at least six lockouts have occurred so far this year, including two ongoing disputes in Illinois.

Others were at plants in Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island. "It was a tool that has been used very little over the decades by management and only recently has been deployed on a more high-profile basis," said Ronald Peters, who heads labor education for the Institute of Labor and Industrial Relations at the University of Illinois in Champaign. Lockouts fall into two categories: Defensive, when a company contends it is defending its property or customers against sabotage or violence. Offensive, when the company uses it as a weapon against intransigent unions. "Not surprisingly, most companies call their lockouts defensive," Peters said.

Union representatives say such actions are counterproductive because they embitter employees. Experts say lockouts have increased because strikes have decreased. The U.S. Supreme Court in 1989 ruled against TWA flight attendants who were permanently replaced during a 1986 strike, and that figures prominently because it set the precedent for dumping workers, Peters said. The proposed federal Worker Fairness Act before Congress would make it illegal to replace strikers who hold out for monetary considerations.

Businesses are lobbying against it. "Now, when a contract expires, workers don't necessarily go on strike," one expert said. "If workers are smart enough not to go for the bait and strike, the company wanting to play hardball will lock out workers." New York NEW YORK (AP) stocks. Year Ago 59.5 2.00 1.2660 356.75 3.890 .35 G9.40 213.00 369.00-372.00 377.70 200-205 86.33 4.4276 Day 55.9 1.25-1.40 Amertch 1.32 Amoco 2.20 ArchDn AtlRich 5.50 Boeing 1 CarterW CIPSC01.96 CilCorp Caterp .60 Chryslr .60 CmwE 1.60 Deere 2.06 DetEd 2.06 DowCh 2.60 DuPont 1.76 Exxon 2.88 First Amer FordM 1.60 GTE 1.82 GenEI 2.52 GnMotr .80 Gdrich 2.20 Goodyr .60 ITT Cp 1.98 IllPowr .80 IBM 2.16 IntPap 1.68 mart .96 Kemper Kroger Lee en) .80 Mead 1 Mobil 3.20 Monsan 2.32 Navistr NflkSolJjO PPG 2 Penney sl.44 ProctGm 1.10 Ouantm RalsPu 1.26 Rockwt 1 Sears 1.60 Texaco 3 JO UALCp UCarb .75 UnElec Unisys Upjohn 1.48 Walgrn WalMrt .13 WstgEI .40 Whrlpl 1.22 .9560 378.45 4.550 .32 137.40 213.00 380.00-382.00 384.50 205-210 101.17 3.4581 -not available. Livestock futures (AP) Futures trading on Mercantile Exchange: High Low Settle Chg.

cents per lb. 75.45 74.65 74.77 .15 75.60 74.65 74.90 75.92 75.25 75.27 75.60 75.02 75.15 76.77 76.25 76.30 73.75 73.00 73.00 72.30 72.02 72.02 Ua4 'c calAC 1R7 open int 66,644, up 1,536 CATTLE cents per lb. 88.65 87.07 87.15 .70 87.60 86.15 86.15 .77 87.10 85.65 85.80 87.40 86.00 86.07 .55 86.30 85.20 85.25 .40 84.95 83.95 84.00 .35 84.30 83.45 83.55 .50 83.55 83.40 83.40 sales 2,051 open int 13,947, up 448 cents per lb. 49.12 48.55 48.85 1.20 PE 17 21 16 14 15 9 27 14 12 13 9 348 20 18 13 18 17 15 19 16 22 11 15 16 21 18 17 17 20 16 14 17 15 14 11 10 21 29 18 21 Baker moves from home to Main St. CAKES N' MORE, a full-line bakery, has opened on East Main Street in downtown Decatur.

It's no cream puff of a job, but Mary Early says opening the bakery has meant her home kitchen is straightened-up for the first time in years. "For about 15 years I've been doing cakes, and over that time I've accumulate a lot of equipment and stuff," she says. "It was time to move out." So the home-based cake decorating business has become a storefront bakery at 105 E. Main St. Cakes N' More sells cakes, cookies, pies, greeting-card cakes (something for about two people), cream puffs, cream horns and Golden Glaze Donuts.

Shop hours are from 8 a.m. to 5:30 p.m. Tuesday to Friday and from 9 a.m. to 3 p.m. Saturday.

Early says the store will also have wedding supplies for brides, which goes along with the wedding cake designs. bdd GOLD LINE TOURS of Urbana has expanded its Airport Express service to include daily trips between Decatur and Chicago's O'Hare and Midway airports and Willard Airport near Champaign. Gold Line Tours got started making airport runs IV2 years ago in the Champaign-Urbana area, and has steadily added pickups in Danville, Rantoul and Kankakee. "Since we started, the business has grown fantastically," says Jim Andersen, Gold Line Tours' marketing director. "So we went looking around for areas to expand into, and travel agents in Decatur said the service could be of help to them." The trip from Decatur will cost $42.50 a person each way.

Small groups can hitch rides for $139 each way. Reservations are required, and can be made by calling Gold Line at 1-800-551-5246 or through some travel agencies. The meeting point is the Super 8 Motel at 3141 N. Water St. HDD Todd Henricks has taken the reins of CHAPMAN AGENCY, an independent insurance office in Cerro Gordo, marking the third generation of the Chapman family to run the agency.

The agency's name expanded, too, becoming CHAPMAN-HENRICXS INSURANCE AGENCY INC. The agency was started in 1897. ODD CAJUN JOE'S owner Mike Lee needs a new name. Lee has dropped his affiliation with the Cajun Joe's organization and has to rename the spicy-chicken restaurant he opened two years ago at 1413 E. Mound Road.

"It's a tough decision," Lee says. "People get used to one name, and when it changes they assume a place is under new ownership or new management." "It's important that people know the restaurant is still locally owned, and it is the same place, same food and same people running it." Lee says he's open to suggestions. Look for TOMMY'S CAN3YLAKD to open in four to six weeks at Hickory Point Mall in Forsyth. The purveyor of gourmet treats and candies sells its goodies by weight rather than pre-packed bags. It also will have gift containers for its candies.

Bin RuminsJd reports "On Business" on Friday in the onemn 0 Home center to anchor Forsyth plaza to include second large retailer. By BILL RUMSNSKI Staff Writer FORSYTH Lowe's Cos. Inc. plans to open its Forsyth home center store by month's end, company officials said Thursday. The North Wilkesboro, N.C.-based chain has built a retail center and accompanying live nursery and garden center at U.S.

51 and Weaver Road. The store will anchor Hickory Point Plaza, a retail complex being developed by Decatur developer Tim Dowd. The complex eventually will include a second large retail store, up to five smaller shops and two or three restaurants. "We hope to have the store open in July," spokeswoman Clarissa Felts said Thursday. "We can't be more specific than that for competitive reasons." The Lowe's store will employ about 100 people.

The company targets three customer groups: the do-it-yourself home repair person, big-ticket appliance and home entertainment equipment consumer, and the professional building company. Merchandise includes supplies for plumbing, electrical, hardware, tools and paints. The store also will have flooring and appliances and a full kitchen design department with kitchens on display. IP to redeem stock DECATUR Illinois Power Co. will redeem outstanding shares of 8.52 percent Serial Preferred Stock at $50 per share plus accrued dividends of $1.04 per share through July 30.

Shareholders should surrender certificates to the Redemption Agent, Illinois Power Shareholder Services, 500 S. 27th by month's end. The move will save the utility $2.5 million in dividends, spokesman John Dewey said Thursday. From wire reports Manufacturing slips toward recession WASHINGTON The U.S. manufacturing economy slipped back into recessionary territory in June, according to a private survey offering no hope that factories will soon add to payrolls now at a 28-year low.

Further illustrating the mixed condition of the overall economy, the government on Thursday also reported some improvement in the labor market last week and a slight increase in construction spending in May. German central bank lowers interest rates BERLIN The German central bank cut a key interest rate by a half-point, meeting demands from business, labor and trading partners to do more to stimulate growth in the nation's huge economy. The Bundesbank's action Thursday came a day after President Clinton urged Germany to bring down interest rates further. The White House welcomed the move as "a positive thing." Clinton limits Northwest logging WASHINGTON In his first major test balancing environment and jobs, President Clinton moved to protect the northern spotted owl with dramatic reductions in Northwest logging. month 's end plant.

It also asks the court to or- der Staley to allow union members onto company property to recover personal items left in those lockers at the time the lockout began about 3 a.m. Sunday. Circuit Judge John L. Davis will hear the petition at 9:30 a.m. today.

Metals NEW YORK (AP) Spot commodity prices (Wholesale): Prev. 2962 115H- 5116 37 376 27 216 32' 431 42. i dentine unl orem RVP NY hbr bg glfob -5895 .5985 Odsonrw uni nr rs .5445 Prices provided by Oil Buyers Guide x- prices are for RVP grade of gasoline Petroleum Crude Grades Saudi Arabian light per bbl fob 14.45 14. oj North Sea Brent per bbl fob 17.05 17.50 West Texas Intermed per bbl fob 18 45 18.85 Alask No. Slope del.

US Gulf Coast Alask No. Slope del. West Coast 15.15 D-oU n.a.-oot not quoted, r-revised. bid a asked, -nominal 1999 74 10767 46 870 27H- 3271819 65-l 3705 34H- 4 5376 554- 'i 14470 47 4 11291 654-1 788 40 4 12350 5) -1 15790 35't- 9167 954- 16907 44 -4 1033 424 3430 41- 2729 85 2688 25i 8953 49- 4 4421 653S11 DECATUR A petition seeking a temporary restraining order against the A.E. Staley Mfg.

Co. was filed Thursday by Allied Industrial Workers Union Local 837. The petition asks a circuit judge to order Staley not to remove the locks from the personal lockers of union members the company has locked out of the Decatur Clinton sought to soften the blow, which would reduce by two-thirds the amount of timber usually cut in Northwest forests, by offering $1.2 billion in economic aid and cutting incentives to ship mill jobs overseas Thursday. Lawmakers doubt TV warning effectiveness WASHINGTON Parental advisories on violent TV programs won't do much good if parents aren't home to change the channels, according to lawmakers who want a blocking device in each TV set But network executives said Thursday that Congress shouldn't insist on that technology yet. Networks on Wednesday announced they'd warn parents and TV publications in advance of potentially disturbing programs.

Industrial nations can expect better year PARIS The world's wealthiest industrialized nations' face a third year of poor economic performance in 1993 and prospects for a better 1994 are cloudy, a survey showed. The Paris-based Organization for Economic Cooperation and Development on Thursday issued its semiannual economic outlook report on the future for its 24 member countries. OECD predicted that its members average inflation-adjusted gross domestic product could rise by a meager 1.2 'percent this year, down from 1.5 percent last year. 19465 204- 4 2410 35 4 3682 17 234 274 299 44 8093 74- 1616 594 4 ..2013 26 2667 65 2025 67H1' 14 5770 44'-l 20 6057 51- 20211 Ul9 641 46 3230 324- 7832 55 3446 63 4 638 1234 4308 19 4 2145 41- 4 6873 12' X5624 29 4 1123 40 22293 25- 4 27624 164 1193 564- Today 55.6 1.25-1.40 Aluminum, cents per pound, LME Antimony, American. per lb topper, Electrolytic Gold, troy oz.

Handy Harman Silver, troy oz. Handy Harman Lead, lb. Palladium NY Merc spot per troy oz. Pig Iron, f.o.b. fdry Buffalo gross ton .9705 379.00 4.710 .32 140.20 213.00 Platinum, troy oz.

N.Y.(contract) 380.00-382.00 Platinum NY Merc spot per troy oz. 394.30 Mercury, 76 lb fask N.Y. 205 210 Scrap Steel, gross ton, Pitts. 101.17 Tin, Metals Week composite lb. 3.4604 Zinc, lb.

n.q.-not quoted r-revised. n.a Grain futures CHICAGO (AP) Futures trading on the Chicago Board of Trade: Open High Low Settle dig. WHEAT 5,000 bu minimum; dollars per Jul 2.84' 2.94 2.84 2.92 .07 Sep 2.864 2.95 2.864 2.94 .07 Dec 2.97V4 3.05 2.97 3.03Vi .04 Mar 3.034 3.09 3.034 3.08 .034 May 3.044 3.074 3.03 3.06 .01 Jul 3.02 3.04 2.99 3.034 .014 sales 18,644 open int 54,489, up 310 CORN 5,000 bu minimum; dollars per Jul 2.234 2.324 2.23 2J1 .08 Sep 2.294 2.39 2.294 2.36 .07 Dec 2.394 2.48 2.39 2.464 .08 Mar 2.46 2.54 2.46 2.53 .08 May 2.51 2.59 2.51 2.564 .06 Jul 2.54 2.60 4 2.54 2.59 .06 Sep 2.51 2.51 2.49 2.51 .04 Dec 2.46 2.50 2.444 2.49 .03 sales 88.348 open int 223,580, up 971 OATS 5,000 bu minimum; dollars per Jul 1.37 1.414 1.37 1.414 .034 Sep 1.41 1.45 1.39 1.44 .03 Dec 1.46 1.50 1.45 1.49 .03 Mar 1.534 1.54 1.50 1.54 .03 May 1.54 1.56 1.52 1.56 .03 sales 5,123 open int 11,060 SOYBEANS Aug 75.37 Oct 75.50 Dec Feb Apr Jun Aug 5,000 bu minimum; dollars bushel. per Jul 6.43 6.67 6.70 6.71 6.76 6.77 6.82 677 6.42 6.58 .05 6.45 6.59 .04 6.48 6.61 .04 6.474 6.64 .054 6.514 6.664 .05 6.56 6,694 .044 Aug Sep Nov 6.47 6.48 6.49 6 52 Jan Mar 6.56 Mav 6.57 6.57 6.58 6.72 .06 6.71 .04 6.61 .16 Jul 6.594 6.83 Aug 6.51 6.61 Nov 6.20 6.27 6.51 6.11 6.22 sales 98.971 Wed-'s open int 174430, up 1171 CHICAGO the Chicago Open CATTLE 40,000 75.80 75.50 76.72 73.65 72.30 FEEDER 50,000 Aug 88.25 Sep 87.40 Oct 86.90 Nov 87.30 Jan 86.10 Mar 84.95 Apr 84.30 May 83.55 HOGS 40,000 Jul" 49.12 Aug 46.40 Oct 41.80 Dec 42.45 Feb 42.70 Apr 41.75 jun Jul PORK 40,000 Jul' 34.90 Aug 34.07 Feb 41.67 Mar 41.15 May 41.50 Jul Aug 47.00 Over the counter Bid Ask Akorn Biosys Fastenal Lin Broadcasting MagnaGr 1 1516 2 74 8 24 25 101 1014 174 17 American stocks Issues of area interest, provided by Stifel, Nicolaus PE Sales Last Chg. PrattL 16 4 15 Wang 943 4 116 Grain Markets Decatur area prices supplied by ADM Grow mark-Tabor Co.

Corn $2,164 Beans S-" Wheat S2.724 are in hundreds stock dividend, Hogs Volume Top East St. Louis 1,800 S47.00 Peoria TOO $47.00 Interior 16,200 $49.00 Cattle Volume Top East St. Louis Peoria 0 0 46.40 46.40 46.40 1.50 41.80 41.80 41.80 1.50 42.45 42.45 42.45 1.50 42.70 42.70 42.70 1 50 41.75 41.75 41.75 1.50 47.60 1.50 47.15 1.50 sales 5,007 open int 18,489, up 266 BELLIES cents per lb. 34.90 34.90 34.90 200 34.07 34.07 34.07 2.00 41.67 4U7 41.67 2.00 41.15 41.15 41.15 2.00 41.50 41.50 41.50 2.00 41.60 2.00 47.00 42.00 42.00 sates 3,993 open int 1U73, up 29 Stock sales a also extra new 52-week low split or 25 percent past 12 months i paid in stock new 52-week high trading ex-dividend.