Reno Gazette-Journal from Reno, Nevada on June 20, 1990 · Page 17
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Reno Gazette-Journal from Reno, Nevada · Page 17

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Wednesday, June 20, 1990
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Reno Gazette-Journal Wednesday, June 20, 1990 5B Regional Action director top guest at RSVP dinner Teresa Keeshan, Region IX director for the federal agency Action, will be the guest of honor at the 16th Annual Carson City Retired Senior Volunteer Program (RSVT) dinner tonight at the Carson Nugget. Keeshan was named to direct Action federal volunteer programs in Nevada, Arizona, California, Hawaii, Guam and American Samoa, by President Reagan in 1983. The federal domestic volunteer agency administers project activities of more than 400,000 part-time and full-time community service workers nationally. Action funded programs include RSVP, the Foster Grandparents Program, the Senior Companion Program and VISTA. The Carson City RSVP Program serves a multitude of non-profit agencies with more than 300 volunteers who have collectively donated more than 200,000 hours to the Carson City community over the years. If a minimum wage of $4 per hour were placed on these hours of service, RSVP volunteers would have given more than $800,000 to Carson City. Details: 687-4680. SCORE looks for more counselors SCORE, the Service Corps of Retired Executives, is looking for additional qualified counselors for the RenoSparks area. The volunteer public service organization, sponsored by the U.S. Small Business Administration, is seeking a few more counselors because of the heavy client workload. Its members provide free counseling and management assistance to the owners and managers of small businesses in the area. If you are retired and, would enjoy sharing your management experience with small business operators, call SCORE at 784-5777 or Lew Hess at 832-0854. Dollar, gold both suffer drops NEW YORK The dollar continued to fall against major foreign currencies Tuesday in a market once again dominated by technical factors. Meanwhile, gold prices slipped lower. There was no news to affect foreign exchange dealings, and analysts said the dollar's slide was caused by technical factors, which also brought the U.S. currency lower on Monday. Gold edged 20 cents lower on the Commodity Exchange in New York, closing at $349.10 a troy ounce. Republic National Bank later quoted a bid of $347.90 a troy ounce, down 35 cents from Monday. Goodyear to eliminate 1,1 00 jobs AKRON, Ohio Goodyear Tire & Rubber Co. said it will eliminate 1,100 jobs and take a charge of $35 million against second quarter pretax profits as part of a restructuring of its U.S. tire sales and support staff. Wire service and staff reports Bankruptcy judge orders Landmark sale LAS VEGAS (AP) A federal bankruptcy judge Tuesday ordered the troubled Landmark hotel-casino sold Aug. 6 at public auction. Judge Clive Jones acted on a request by bankruptcy trustee Richard Davis, who said that attempts to sell the resort to a number of different buyers had not been successful. Davis asked that the auction be held before the end of August, when a six-month limited gaming license he was given by state gaming regulators to run the resort's casino expires. Davis was appointed by the bankruptcy court to run the hotel until it is sold as a trustee in place of owner Bill "Wildcat" Morris. "He (Davis) wants it to be auctioned as a going concern while he is still licensed to operate it," said Tim Cory, an attorney for the trustee. Cory said the resort, which has been unprofitable under a series of different owners since the late 1960s, has been close to breaking even in recent months while payments have been suspended on the hotel's debt. "He believes he can operate through August," Cory said. "They keep introducing various programs for the casino and that has helped." Cory said more than 200 potential buyers have inquired about the Landmark, and he characterized five to 10 of those as being serious about buying the property. "We still think that one of those prospective purchasers will probably come forward and bid at auction," he said. "Nobody wants to pay any more than they absolutely have to." Housing From page 8B their lowest level since the last recession, the government said Tuesday. Analysts, who said the decline was further evidence that the housing market continues to weaken, attributed the 1.4 percent fall to high mortgage rates, tight credit, a large inventory of new and existing homes, wet weather and a sluggish economy resulting in slackening consumer confidence. The Commerce Department said starts of new homes and apartments totaled a seasonally adjusted annual rate of 1.21 million units, the smallest number since 1.17 million units in October 1982, at the end of the last recession. David Seiders, the National Association of Home Builders' chief economist, said a survey of its members in early June pointed to continuing weakness. Applications for building permits often a barometer of future housing activity also have fallen for four straight months, noted Martin Regalia, chief economist with the National Council of Savings Institutions. Such applications declined 4.6 percent to 1.06 million after falling 10.1 percent in April. The May level was the lowest since 1.04 million applications were recorded in September 1982. Mortgage rates, which dropped into the single digits toward the end of last year, rose above the 10 percent level in January and ranged from 10.33 percent to 10.67 percent in May, according to surveys by the Federal Home Loan Mortgage Corp. Rates fell to 10.12 percent by last Friday. David Berson, chief economist with the Federal National Mortgage Association, said declining rates may help the single-family home sector. But he said builder uncertainty over proposed federal regulations governing handicapped access to apartment buildings will continue to slow the mul-tifamily sector. John A. Tuccillo, chief economist for the National Association of Realtors, said many builders have had trouble getting construction loans because of the constraints of the savings and loan bailout law and tighter lending restrictions by banks. Wire and staff reports. Bankers . From page 8B John Sande, the association's general counsel, will give an update on legislative issues affecting banking. All sessions are scheduled for Monday morning, the second day 0r vo convention, except the key note address, which will be given at the closing dinner on Monday night, and a directors meeting to be held Sunday afternoon. Throughout the two days, the banking officials also will have time to relax and participate in social activities, including golf, a Lake Tahoe cruise and a Jamaican-style lake-side party. Mutuals From page 7B Fql'iC p filln p PAMu p VA'u ) CifjA rj SFT Gioup GM planning to produce natural-gas-powered trucks General Motors Corp., the nation's largest automaker, is near an agreement with gas companies in California and Texas that would lead to the first commercial production of natural-gas-powered trucks, a Southern California Gas Co. official confirmed Tuesday. P'ord Motor Co., the No. 2 American auto maker, is in similar talks, but is unlikely to reach an agreement before early next year, said Roberta Nichols, manager of Ford's alternative fuels department. An agreement by GM would make it the first major automaker to produce such vehicles for the open market. Air quality officials say that such vehicles run significantly cleaner than conventional gasoline-burning trucks. Texas officials had planned an announcement of the project today, but GM asked them to postpone it. The company is still working out final details of the agreement, under which Southern California Gas and other utility companies would finance $1.13 million in research that would lead to production of the low-smog trucks for sale in California and Texas, said B. Jack Smith, natural gas vehicle market development manager for the gas company. GM. through its GMC Truck Division, would produce at least 1,000 half-ton, natural-gas-burning Sierra pickups beginning as early as January to be marketed to public and private fleets, said David Polletta, general manager of PAS Inc. in Troy, Mich. Los Angeles Times CMOt I US (w d SP If G FdS: IlF t Safeco Sacuf: v.vn Stl Buy Chg l? '3 Nl W rj 1 ? Nl 06 10 OQ Nl 1 1 r:l Nl 08 1 11 88 Nl 05 0 3 10 T4 04 1$ 10 15 H V6C' Of ?J ui Nl - i'i bt5 7 00 11 Of. 16 -13 1i R Sctoraon Brot Irves i 1 San Si tvoti' X $M-'nil In 19 ? Scuddet Funds 16 6? 17 49 24 3? Nl if. 6 Is. ?6 10 $9 11 (Xi 8 .17 I (put in ii fil MMB MA I. NTa OMTj. $r Bot T.FH MCI 34 i? 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G' p 19 50 20 69 - 03 MNmt 10 24 10 53 MNTF 11 59 12 17 Wtita Pch Graar: uHQf 24 03 NL 07 WPG 23 19 NL 08 Got 10 01 NL 01 Gin 118 24 NL 11 WaiiSI 7 23 7 65- 03 WaH IRA 401 K As'A. 13 85 Nl Bono 1 12 46 NL 01 CoSth 25 22 NL 11 Sn.Co 1 '3 98 Nl 14 Waatcor ,TBO IrtBO BdPiLi BasVi ModVi MOCO SITE WesiMd 9 85 10 05 9 99 10 46 15 23 15 95 01 20 24 21 19 04 11 62 12 17- 05 i' 53 12 07 02 15 10 1541 14 16 14 '5 Wood Strutnars Neu " 64 NL 04 P oe 12 62 NL - 03 VrnG I 10 94 1C94 03 Wrtght Fundt: JrBiO NearB OuiCor SBC" TctRpI YaG'D 11 76 NL 01 13 01 NL 01 10 11 L 01 115' 4L 03 15 30 NL 04 unava'1 9 12 9 58 01 Zwaig Fund: ML. p V JU ' J M Boid D 7SCv p 02 10 34 10 86 9 33 9 87 ZST E p 12 14 12 85 ZSGvD 9 26 9 72- 11 45 1Z ii 0 11 17 11 82 05 11 40 12 06 01 10 22 10 38 9 29 9 70- 01 2ST Op St-at ZS P p TFLIa TFLq p 02 Hayes Compatible 2400 Bd MODEMS Internal .... 12500 External M49" 155 Glendale, 14 Sparks 356-7216 ACUPUNCTURE AND HERBAL MEDICINE LUKECAO, O.M.D. Allergy Hypertension Arthritis Impotence Asthma Knee, Foot, Leg Auto Injury Pain Back Pain Low Energy Depression Neck, Shoulder, Face Lifting Arm Pain Headache Numbness Polio Sciatica Sinus Stop Smoking Swelling Tinnitus 465 California Ave. Reno 329-6663 D PLACER DOME U.S. INC. 4 ' j" Richard G. Duncan The appointment of Richard G. Duncan to the position of Vice-president, Exploration of Placer Dome U.S. Inc. is announced by Cole E. McFarland, President. British-born and educated in southern Africa, Mr. Duncan joins Placer Dome U.S. with over 20 years' experience in the mining and exploration industry. He has worked with the Rio Tinto Group and the Royal Dutch Shell Group of Companies in Africa and Europe and has spent the last 10 years in the United States working with Billiton companies in various exploration management, acquisition, and business development capacities. Placer Dome U.S. Inc. of San Francisco operates gold mines in Nevada and Montana and conducts exploration programs throughout the United States. 3MPBBis Sierra Medical Associates Robert K. Myles, MD Announces retirement from his practice of Internal Medicine, June 30th, 1990. Patients wishing to transfer their records should contact the office as soon as possible. Dr. Myles has accepted the position of Medical Director of Hospital Health Plan effective July 2nd, 1990. He will remain in active practice as a consultant in pulmonary medicine. "A very special thank you to all of my patients for their loyalty, valued trust, and friendship over the 32 years of my practice." 75 Pringle Way Suite 610, Reno 89520 (702) 786-8831 SPARKS WOMEN'S CENTER, LTD. THOMAS L. BODENSTEINER, M.D., F.A.C.O.G. is pleased to announce the opening of a new medical office for the practice of OBSTETRICS & GYNECOLOGY JULY 9, 1990 2385 E. PRATER WAY, SUITE 101 SPARKS, NEVADA 89434 (702) 358-2229 APPOINTMENTS ARE NOW BEING ACCEPTED Our Reno office will continue to operate as usual. Be GDd to yourself. Discover today's specials, served from 11:00 a.m. to 10:00 p.m. in the Farm House Coffee Shop and Nevada s General Store. Free Valet Parking. $3.95 BUSINESSMAN'S LUNCHEON For those in a hurry. Prime Rib Sandwich . . . $5.95 Special Sandwich of the Day $4.95 Served only in the Steak I louse. IS SIP V Recommended for a Healthy Heart. Here's what's cookin' today: V Dutch Oven Swiss Steak. A generous portion, served with Whipped Potatoes and Vegetable. V Quiche Lorraine. A flaky Pastry Crust filled with Ham, Onions and Mushrooms. Served with fresh Fruit in season. Pacific Oysters. Served on a bed of shredded Lettuce with a tantalizing Tartar Sauce and Cocktail Sauce. Includes French Fries. MN See to just stroll our shade-house. V; $W Reno's "Most Famous Bedding Plants." over 2,000 Flats and 100 Varieties to choose from. , . 475 GENTRY WAY or cell-Dac flats of 4 dozen for $1 500 ..825-3.527.... Xy1 wtiNvamtojpmuAiLi i NURSERY Here's your chance to talk with the voice of Wall Street. Larry Wachtcl is one of Wall Street's foremost financial analysts. He's on radio three times each day in New York. What's more, he's often interviewed on national television news and quoted in newspapers all over the country. Don't miss this chance to talk with the Prudential-Bache voice of Wall Street. Just come to this special Prudential-Bache seminar, where Mr. Wachtcl will discuss the investment outlook for 1990. Speaker: Larry Wachtel, Senior Vice President, manages Prudcntial-Bache's newswire and communicates it's investment strategy to the media. Mr. Wachtel has been associated with Prudential-Bache Securities for more than 20 years. When: Saturday, June 23 from 9:30 a.m. to 1 2:00 p.m. (Continental Breakfast will be served) Where: Peppermill Hotel Casino 2707 South Virginia Street Reno, Nevada Admission is free, but space is limited. To reserve vour seat, just call 702-322-471 1 or 800-654-5338 or send in the coupon below. Prudcntiul-Bachc Securities. 245 :.at l.ibcrtv St . Reno. NV 89501 702-322-471 1 or 800-654-533X Please reserve seat(s) at your Larry Wachtcl seminar. I cannot attend, please send me further information. N.imc Address Ciiv Slate Phone ( ) C lients, please give name and ot'fice of inancial Advisor. Prudential-Bache A&nuwval thai Securities" Rock Sol id. Market Wise." 1990 Prudential Bache Securities Member SIPC

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