BUSINESS NOTES.

T-BILL RATES MIXED: Interest rates on short-term Treasury securities were mixed in Monday's auction.

The Treasury Department sold $10.7 billion in three-month bills at an average discount rate of 4.96 percent, down from 4.98 percent last week. Another $10.7 billion was sold in six-month bills at an average rate of 5.15 percent, up from 5.12 percent.

The three-month bill rate was the lowest since they sold for 4.93 percent Oct. 6. The six-month bill rate was the highest since they averaged 5.19 percent Sept. 2.

?13- Associated Press

BANC ONE BUYS BANK: Banc One Corp., the nation's eighth-largest banking company, is acquiring First Commerce Corp. for approximately $3 billion in stock in a deal that would create the largest bank in Louisiana.

Banc One, based in Columbus, Ohio, already operates in Louisiana as a result of the 1995 acquisition of Baton Rouge-based Premier Bancorp.

But the deal announced Monday would give Banc One a major presence in New Orleans, where First Commerce is based, plus additional banks in Alexandria, Baton Rouge, Lafayette, Lake Charles and Monroe.

?13- Associated Press

NYSE CHAIRMAN SEES CORRECTION: The chairman of the New York Stock Exchange said Monday that the stock market eventually would suffer a correction, but he hoped the adjustment eventually would lead to another bull market that could see the Dow Jones Industrial Average reach 18,000.

?13- Bloomberg News