
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 28, 1992                   TAG: 9203300174
SECTION: BUSINESS                    PAGE: A-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BRIEFLY . . .

LADD Furniture Inc., the High Point, N.C., parent of American of Martinsville, on Friday filed a registration statement with the Securities & Exchange Commission for sale of 3.5 million shares of common stock by the company and 2 million shares by certain LADD stockholders, probably in May. Proceeds will be used to reduce outstanding debt under the company's revolving credit agreement.

The Virginia State Corporation Commission said Friday it has approved a fuel-factor reduction for Kentucky Utilities Co. The lower rate will be reflected in bills beginning April 1. The average residential customer using 1,000 kilowatt-hours of power will see bills drop by $1.09 to $53.67 a month. Kentucky Utilities, based in Lexington, Ky., has 26,500 customers in Wise, Lee, Dickenson, Russell and Scott counties in Virginia.

Trade officials from the United States, Canada and Mexico wrapped up a weeklong bargaining session Friday with no word on how much progress had been made in completing a continent-wide free-trade agreement. Officials agreed to continue talks at a lower level next week and said that U.S. Trade Representative Carla Hills and her counterparts from the other two countries would convene for high-level negotiations the following week.

by CNB