Korn shell help

Hello, I am having problems seeing what I am doing wrong here. This is a ksh file..it contains a DB2 database command but I will display the output. The problem I have is when I try to use the local_value variable..it doesnt show up:

db_cmd="select count(*) from table1"
db2 -x "${db_cmd}" 1>${local_value}
print "value = ${local_value}"

The result of running db_cmd without the output to local_value is:

1
-------------
83

1 record(s) selected.

The local_value is to capture the "83", which is what outputs to my screen at this point. So..the output looks like:

83

But when it prints the value it looks like:

value =

I have also added an " | awk '{print $1}' " to the command line it removes all the spaces from the beginning of 83 but that doesnt seem to help the print.

Any ideas?