Iowa City Press-Citizen from Iowa City, Iowa • Page 14

Tin -v-r BUSINESS BRIEFCASE 1UL Page 6B WEDNESDAY, JUNE 10. 1937 Iowa City Press-Citizen subsidi sell its anes Allegis might against United in 1985, Marckesano said. The pilots also have accused the company of going too far afield from its core business running an airline. They offered $4.5 billion for United in April. Allegis rejected that bid.

Edward Carlson, chairman emeritus of Allegis and retired chairman and chief executive officer of UAL the predecessor of Allegis, will rejoin the board, Allegis said. Olson also was elected chairman and chief executive officer of the Hertz subsidiary, and a director of Allegis. Line Pilots Association a strong hand in its takeover bid for the Chicago-based travel conglomerate, airline analyst Louis Marckesano said. "It looks like you'll wind up eventually with an employee-owned airline," Marckesano, of Janney Montgomery Scott Inc. in Philadelphia, said.

The sale of Allegis' Hertz, Westin and Hilton divisions closely resembles a restructuring plan submitted by the pilots last week. Ferris became unpopular with the union after a bitter 29-day pilots' strike replaced by Frank A. Olson at a special board meeting Tuesday, Allegis said in a statement. The statement gave no reason for Ferris' departure. Ferris, 50, had sought to build Allegis into a company serving the needs of all travelers.

Under his leadership, the company acquired Hertz Corp. in 1985 and Hilton International hotels earlier this year. It also changed its name from UAL Inc. in February to better reflect its identity as a travel conglomerate. Ferris' resignation may give the Air By F.N.

D'Alessio The Associated Press CHICAGO Allegis the parent of United Airlines, announced the resignation of its chairman and might shed its Hertz, Westin and Hilton divisions in a move that could return it to the business of running an airline. Allegis also said Tuesday it might change its name to United Airlines Inc. Richard J. Ferris, chairman and chief executive officer since 1979, was Staff reports and news services Farmers can't afford leaded gasoline ban, EPA hearing told A total ban on leaded gasoline would be a financial blow to farmers at a time they can't afford more pressure on their pocketbooks, farm and industry groups warned Tuesday. They cited federal statistics showing that as many as half of the farm machines currently in operation require leaded gasoline.

"Farmers can ill-afford unnecessary and costly engine repairs," Stan Nielsen, a spokesman for the National Council of Farmer Cooperatives, said. He urged environmental officials to resist pressure for the ban "until continued testing proves that an alternative additive is technically and economically feasible." Mead to sell six box companies Weyerhaeuser Co. will buy six corrugated box plants from the Dayton-based Mead Corp. for an undisclosed price, the companies said Tuesday. The sale is part of Mead's move out of the corrugated box business and into the more lucrative coated paperboard market.

All six plants will continue to operate, the announcement said. They are in Albert Lea, Amarillo, Texas; St. Joseph, Memphis, Waterloo, Iowa; and Butner, N.C. New Liberty trading Trading Tuesday at New Liberty Sale Barn: Receipts, 217 head. Trading on slaughter steers and heifers, $1.50 to $2 higher.

Slaughter steers top choice, few prime $72 to good to choice lbs. $70 to $72; lbs. $67Nto $70. Holstein steers top $64.75, good to choice $59.25 to $63.80 Slaughter heifers top $71.75 choice, few prime $70 to good to choice lbs. $67 to $70; 800-925 lbs.

$60 to $67. OSH A expands probe mmmm of IB injury reports r.i tfcj V0 "Vi STOCKS OF LOCAL INTEREST Tuesday closing: "OSHA will be conducting an inspection of the IBP site in Emporia in the near future," Pendergrass said. He held out the possibility that the other plants may be investigated as well "once the Dakota City and Empo-. ria inspections have been completed and we have been able to evaluate IBP's response." Since January, OSHA has been looking into a complaint by the United Food and Commercial Workers union that the company was violating federal job injury recordkeeping requirements at the Dakota City packinghouse. The UFCW filed the complaint after 2,200 of its members were locked out at Dakota City in December when the union and the company failed to reach accord on a new labor contract.

The lockout evolved into a strike in March when IBP reopened the plant with nonunion workers. considers complaints tied to at least a minimum level of service," Rep. Norman Mineta, chairman of the committee, said Tuesday. "A free market does not give airlines a free rein to ride roughshod over customers." On the first day of hearings Tuesday, the chairman of American Airlines, Robert L. Crandall, said carriers believe customers often choose an airline based on which flight is listed as quickest between destinations.

"Competition among airlines has created pressures to shave schedule times for competitive advantage Crandall said. By Matt Yancey The Associated Press WASHINGTON The Occupational Safety and Health Administration is expanding its investigation into alleged unreported job injuries among workers at the nation's largest meatpacking company, officials disclosed Tuesday. In a letter to Rep. Tom Lantos, Assistant Labor Secretary John Pendergrass said his agency's probe of IBP beef slaughter and processing plant at Dakota City, will be extended to a similar plant at Emporia, Kan. Lantos, chairman of the employment and housing subcommittee of the House Government Operations Committee, had asked Pendergrass last month to broaden OSHA's investigation of IBP to include all 12 of its plants employing a total of 17,000 workers in the United States.

House panel air travelers' The Associated Press WASHINGTON Members of the House are beginning to consider legis- lation that would protect air travelers from poor airline service. With the number of travelers' complaints growing about delayed and canceled flights, overbooking and lost luggage, the House aviation subcommittee is weighing bills that would force the airlines to disclose the quality of their service. Members of both parties have indicated their support for such legislation. "I believe that consumers are enti- ASA 59 ATT 26 -t AlldCp 32s Alcoa 523 Amoco 86l ArchD 1 BaruiaR 63s even BnrlNth 717 2h 'Deere 294i -i Exxon 86 Gannett 5(m even GenElec 53 -h GenMot 861 -1 Gillette 334 24t Goodyear 67 Heinz 46 Heritage-. 33H 4i IBM 159' -lH IFG i IntstPw 234 -4 IowaEl 233s -4 IowalU 39hi JamesRlv 34l -ls Kidde 36 even mart 424 4 Kodak 82 2 Mapco 584 4 Mart-Marieta 454 4 MrsbM 62 -4 Maytag 534 4 MidEng even Moore 23s -4 Navistar 8 -4 PaylCsh 214 4 Penney 53s -4 ProctG 934 -4 QuakOat 52li RaythG 73 Rockwell 274 -h SaraLee WiW Sears 504 Texaco 3Sh a ThmBet 564 4 USWest 50 -4 WestgEl 62-S -4 Winnbgo 124 4 V.

i fl Dow Jones Averages Industrials 2352.69 1.06 11.93 Utilities 201.11; .06 Over the Counter Bid Asked The Associated Press New terminal 164 14s 4 NLCS 14V2 Flexsteel 14:4 Cycare Stystems 17 Caseys Gen'l Stores 84) HHStatesman Group 44: United Fire Cas 30 Life Investors 49 Bank of Iowa 46 Hawkeye Bancorp 24 Pion'r Hybred Int'l 331- Allied Group 137a HON Ind 3534 IA South. Utilities 29 Ironworker Tim Loftus pauses in his work on United Airlines' new terminal at O'Hare International Airport. The corridor behind him extends for one-third of a mile. 23s 33' 36 "-4 30 Scientists try to broaden uses of corn in new markets Furnished by Dean J. Jarnow, DJIA Financial Services TUESDAY WALL STREET: The stock market inched higher in moderate, lackluster trading Tuesday, showing little conviction in its rise after seesawing narrowly through most of the session.

The Dow Jones average of 30 industrials edged up 1.06 points to close at 2,352.70. The NYSE index was up 0.25, at 167.38. Standard Poor's index of 400 industrials edged up 0.80 to 344.99, and 500-stock composite index was up 8.56 at 297.28. formed into trash bags or fast-food containers; chemicals that can improve the performance of paint, glue and soap; and a salt-substitute that will melt ice without damaging highways and vehicles. Already considered a success are corn based sweeteners used in beverages and food, and ethanol (fuel alcohol) used to boost gasoline octane.

The ethanol also will be used to remove sulfur from coal. stored." The combination of huge harvests and relatively weak demand has left bins bulging, prices sagging and government subsidies soaring. "The only way we will be able to avoid strict mandatory acreage limits or crop destruction is to find new uses for our corn," Ragsdale said. "We can use corn as a substitute for petroleum." Among the latest developments are biodegradable plastics that can be The Associoted Press ST. LOUIS While the hogs are eating corn in Iowa, farmers hope their grain also will be used to make fuel for cars in Colorado, de-icers for roads in New York, sulfur extractors for coal in Illinois, and plastic bags for trash in California.

"We have a great product that is versatile and totally renewable every year," Dan Ragsdale, research director for the National Corn Growers Asso ciation, said. "We're trying to broaden corn's use so that farmers can sell to every kind of market in the world." Several hundred scientists will gather Thursday and Friday for the first national Corn Utilization Conference to discuss the latest industrial uses for this grain. "The farmers have been faced with increasing competition, and decreasing markets for their corn," Ragsdale said. "Since most corn is livestock feed, if it is not fed or sold overseas, it is simply VJuscntLLy NOTICE The following itemi in our od in today's newspoper are delayed in shipment from the manufacture. Rain-checks will be issued for all of these items: Yomaho CSI8I stereo system, Sanyo MW727 portable stereo: Panasonic CTH2053, Sony KV209I.

and Zenith SC25I3 televisions. The Sanyo RDW4I cassette deck is unavailable. We will substitute the RDW49, similar model wadditional feature lor $79.95. We apologize for any inconvenience this may cause. PERSONAL COMPUTER THAT PAYS FOR ITSELF You could be one of only 3 people in the greater lowa City area to receive a complete personal computer that can literally pay for itself.

A nationally known marketing firm will not only provide you with a computer system and the training to use It, but will help provide obs for the computer system which will operate unattended, earning extra income while you continue working at your present ob. So, if you have been thinking about getting a computer but cannot justify the cost, or if you already own a computer and cannot justify the cost, or if you could use some extra income, remember, there are only 3 of these computer systems available. So you must ACT NOW. To receive more information, pleose contact Mr. Greene at: 1-800-228-1188 (TOLL-FREE NUMBER) CD's THAT RATE DELIVERY 7 DAYS A WEEK' 354-4348 Sat.

11-11 Sun. Noon-9 p.m. 5S. Dubuque, lowa City IOWA CITY 130 E. Washington 338-7977 Wheat crop estimate up 4 The Associated Press WASHINGTON The Agriculture Department said today 1987 winter wheat production is estimated at 1.58 billion bushels, up 4 percent from last year's harvest of 1.52 billion bushels and 2 percent more than forecast a month ago.

Officials said the average yield, based on indications as of June 1, was estimated at 40.6 bushels per acre. OFFICIAL PUBLICATION NOTICE OF PIJH.IC KAPI'IG TO (TO0EP All TOf TO TC UPWN TffWL FLAN RELATING TO CHANGING ft WTOIES Of DC UNIVERSITY AfEA OF THE URBAN RTUL LAIC USE FLAN. Notice is hnfiy given t.t a public hearing will lv hold by tne City Council of Iowa City, lew, at 7:30 P.M. rm the rtey of Jw, in tie 'cijncil Ch-rtiers in the Civic Centpr, 410 E. Washington Iowa City, Iowa; at which hpacing the CcijncM will cnnsioer an arprvrvnt.

to the Urban ppn.al Plan relating to having the saithwest comer of Block ('he old Breese Building lot) Included wifnin the university Area of land uses as defined in the Urban Rmal Plan. Additional iifomn ion is available at the Office of the Cy Clerk, 410 E. Washington lews City, low, K240, between 8:00 PM, Mrttty-Frictty. MARIAN K. KA'f CITY CLEFK Lease: $75 a month' Certificates of Deposit FSLIC orFDIC Insured Dain Bosworth participates in the large nationwide distribution network of brokered CDs.

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TO ALL PERSONS INTERESTED IN THE ESTATE OF MARIE MARAK, Deceased who died on or about March 22nd. 1987: You are hereby notified that on the 3rd day of June, 1987, the last will and testament of Mane Marak, deceased, bearing dateot the I31h day of March, 1978, was admitted to probate in the above named court and there will be no present administration of the estate. Any action to set aside the will must be brought in the district court of said county within four months from the date of the second publication of th'S notice or thereafter be forever barred. Dated this 3rd day of June, 1987. EDWARD F.

STEINBRECH Clerk of the District Court WILLIS S. WILLIS Attorney(s) for said Estate lowa City. Iowa Date of second publication, 17th day of June, 1587. 19372 June 10, 17, 1987 ADDRESS Dain Bosworth Cedar Rapids Photo Copy Inc. In the right place.

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