Albuquerque Journal from Albuquerque, New Mexico on January 11, 1987 · Page 52
Get access to this page with a Free Trial

A Publisher Extra Newspaper

Albuquerque Journal from Albuquerque, New Mexico · Page 52

Albuquerque, New Mexico
Issue Date:
Sunday, January 11, 1987
Page 52
Start Free Trial

C4 ALBUQUERQUE JOURNAL Sunday, January 11, 1987 BUSINESS DIGEST I French See Waterworks Michaels Stores Reports Increase in Sales Michaels Stores Inc. reported its stores, inc. by ber of both years were up 1 percent to $16,528,000 in 1986 compared to $16,366,000 in 1985. Michaels anticipates reporting record earnings for the fourth quarter and 1986 fiscal year, which ends Feb. 1. The company bases its prediction on preliminary results through the 11 months ended Dec. 28, 1986, which showed that better margins were maintained throughout the Christmas selling season this year than ever before. Michaels owns and operates a chain of 51 specialty retail stores in 12 Southwestern, Southeastern and Midwestern states, including an Albuquerque store, featuring a wide selection of competitively priced home decoration and arts and craft items. Ann Phillips Promoted at Cruces Bank Ann Phillips has been promoted to assistant vice president at Bank of the Rio Grande in Las Cruces. In her position, she is a loan officer and supervises all loan operations. Phillips came to Las Cruces from Ruidoso in 1985 where she worked for three years at Ruidoso State Bank. Phillips is among 18 people in New Mexico who were recently elected to serve on the New Mexico Small Business Administation Advisory Council. Interstate Bakeries Acquires Stewart Firm Robert W. Hatch, president and chief executive officer of Interstate Bakeries Corp., announced that Interstate has agreed to acquire btewart sandwiches of Utah as part of Interstate's new Foodservice Division. headquarters and production COPPOPFlUUn facilities in Salt Lake City and maintains a frozen and refrigerated route distribution system in 10 Western states, including New Mexico. Stewart's sales in 1986 exceeded $9 million. Principal products are hot and cold sandwiches. Testing Firm Established in Salt Lake City American NDT Products Inc. has been established in Salt Lake City by Sarah P. Lewis, chairman of the board and chief executive officer of the new firm. Lynda L. Hansen, co-owner of ANDT, will serve as president. The new company will distribute products used primarily in non-destructive testing, including film, supplies, equipment, parts and accessories for use in X-ray, ultrasonic, eddy current, magnetic particle, liquid penetrant and other testing methods. ANDT will also handle equipment and supplies for soils testing and mechanical testing. Lewis and Hansen have purchased assets of the Utah Division of MPM Products Inc., owned about 20 years by Melvin Mullikin, which posted gross sales of $1.25 million last year. Areas to be covered by ANDT will include Utah, Colorado, Wyoming, New Mexico, Nevada, Idaho and Montana. The Southern California division of MPM Products will continue to operate in California and portions of Arizona. N.M. Ethanol Producers Retain Bob Gold The Ethanol Producers of New Mexico, a statewide association, has announced that they have retained Bob Gold and Associates of Santa Fe to represent them in public and media relations. Gold's firm will also serve as the association's administrator and president. Gold will join veteran legislator Hoyt Pattison of Clovis in providing government and legislative representation. The ethanol association is the education and public relations arm of the New Mexico industry. Citizens Bank Elects Three New Officers Bill Robertson, president of Citizens Bank of Las Cruces, announced the election of Lruw-iuwA ' '. teller after receiving a bachelor's degree in finance from New Mexico State University that year. June Sartori, originally from Albuquerque, was named loan review officer. A 1979 graduate of NMSU with a bachelor of science degree, she joined the bank in 1983. Elected to the post of auditor was Cindy Mauldin. A native of Las Cruces, she joined Citizens in 1986 and has been in public accounting since 1980, when she was graduated with a bachelor of business administration degree from NMSU. T-VI Schedules Accounting Workshops Albuquerque Technical-Vocational Institute will hold microcomputer accounting workshops during the winter term. The sessions, for advanced accounting and auditing students, will provide 12 hours of microcomputer accounting lab experience. Workshops will be held in sets of two on Jan. 31 and Feb. 7, Feb. 14 and 21, Feb. 28 and March 7, March 14 and 21 and April 4 and 11. Sessions will meet from 9 a.m. to 4 p.m. at T-VI's Joseph M. Montoya Campus, 4700 Morris NE. Cost is $20. Registration will be held on the first day of each set of workshops. For additional information, contact Charles Timberlake at the Montoya Campus, 298-5461. Study Probes Vocational Training's Worth The New Mexico Council on Vocational Education is trying to find out how well state vocational and technical education programs are preparing students for jobs. The council has mailed questionnaires to 460 New Mexico employers in hopes of determining how well students are prepared as well as what employers believe are the most important areas of training and what improvements are needed in training programs, said Linda Valencia Martinez, council executive director. She said copies of a report that will be prepared using survey data will be sent to state and federal agencies. Uncle Cliffs To Host Company Functions Uncle Cliffs is expanding its facilities to accommodate company parties. A large, grassy picnic area is being added. It will be isolated from the general public. The amusement park will offer group packages that include unlimited rides, use of the picnic area and catered picnics. Reservations are being accepted. Tri Due Banli Plans Second Restaurant Tri Due Banh, owner of Golden City Chinese Restaurant, 5000 Central SE, said he plans to open a second Cantonese-Szechuan restaurant in February at 5210 San Mateo NE in Alexander Plaza. Lease negotiations for the 3,000-square-foot site were handled by Valerie Ketterlinus, agent for VR Financial Services. Alexander Plaza is managed by Ken Simon. Banh, a native of Vietnam, has been in the restaurant business since 1967. y - i. V December 1986 sales were $19,309,000 compared with $16,588,000 for December 1985, ' an increase of 16.4 percent. Sales stores in operation in Decem miEPSIRtE BRKEPIES US three new officers by the i i i i j e i oanK s ooara or aireciors. Paul Fierro, a native of Las Cruces, was named assistant cashier. He joined Citizens Bank in 1981 as a part-time As FutllTe LA(Jllid AsSCtS By Andrew Cassel KNIGHT-RIDDER NEWSPAPER Consider this over a glass of; Perrier: While upwardly , mobile Americans are cleansing their palates with imported French water, the French are taking large gulps of our humble American aqua. During the last three years, France's two private water utilities have acquired large equity stakes in at least four of their U.S. counterparts, quietly positioning themselves for a major role in what looks increasingly like a growth industry of the '90s. As Gallic assets flow into American liquid, the route, more often than not, is through the Philadelphia area, where several of the nation's , largest investor-owned water utilities are concentrated. General Waterworks Cojp. of Bryn Mawr, Pa., operator of 36 water companies in 14 states, is now 80 percent French-owned. At Philadelphia Suburban Corp., just down the road, the French have a 19 percent stake. In southern New Jersey, where the giant of the industry, American Water Works Co., is consolidating operations, the French have bought 3 percent of the common stock. Decaying pumps, rusting pipes and growing fears of contamination and pollution are the attraction, a national water-utility system that badly needs an overhaul. The price of that overhaul will run into the tens of millions of dollars. New and improved treatment plants, thousands of miles of new pipe and services from end to end, including chemical monitoring, leak detection, metering and billing, are expected to require large investments by owners of the nation's 60,000 water systems. Flowing from those investments, to the companies and their contractors, will be new fees and revenues, more than enough to justify the French connection, according to industry officials and observers. The French are not the only ones " V Agenda R lecture & 8:00 a.m. Registration 8:30 a.m. Welcome Introductions 8:45 a.m. I. Disorders of Attention H. Clinical Picture and Classification B. epidemiology C. Assessment D. Ctioloqic Factors C-. Natural History F. Treatment 10:15 a.m. Break 10:30 a.m. II. Disorders of Communication A. Definitions 8 Clinical Picture and Classification C. epidemiology D. Normal Language Development (Table) 6. Language and Other Areas of Development F. Assessment G. CtiologK Factors H. Natural History I. Intervention Strategies Application has been mode for 6 5 hours of NAPPH Category I CMC credits and 6 CCU credit hours from the University of New Metico Division of Continuing Cducotion. This symposium is appropriate for 6.5 hours of Continuing education Credits under Category III for psychologists. Dennis P. Cantujell, M.D. Dr Contujell is the Joseph Campbell Professor of Child Psychiatry, UCLA School of Medicine; Director of Residency Training in Child Psychiatry at the UClfl Neuropsychiatry Institute; and author of Affective Disorders in Childhood and Adolescence: An Update, (1983). Kenneth F. Crumley, M.D. Dr. Crumley is on Assistant Professor of Psychiatry at the UNM School of Medicine; and Medical Director of Child and Adolescent Programs at Heights Psychiatric Hospital. Deadline for registration is Tuesday, January 13, 1987. Reservations can be made by colling Community Relations at Heights Psuchkrtrk Hospital, 883-8777, xt 205. Heighl Puchtotrk Hopitol taking the plunge., Since 1984, stock prices of the largest publicly traded water companies have just about doubled. According "to Edward D. Jones & Co., a St. Louis brokerage firm, its index of 18 water companies outperformed the Dow industrial average by 50 percent. "Water could become the oil of the 1990s," Mark Matheson, a Florida stock analyst, has written. Not only do water utilities sell a product for which there is no known substitute, but most enjoy the benefits of regulated monopolies, with rates based on the size of the capital investment. Like their much larger cousins in the electric, gas and telephone businesses, the water companies regularly petition state regulators, to include new capital projects in their rates. Because the utilities are guaranteed a rate of return on tfital investment, more investment' almost always means more revenue and larger dividends. James LaFrankie, president of American Water Works Co., grins as he describes the myriad new rules for water purity flowing from the federal Environmental Protection Administration. Congress this year extended the EPA's mandate to clean up the nation's drinking water, giving the agency new powers and mandating a major reduction in lead, radon and other contaminants. The move is likely to force improvements in thousands of mom-and-pop water systems. "It's going to cost," LaFrankie said. For decades, water was among the least interesting businesses in the country. The product was cheap and safe, and so were the companies' stocks. The small numbers of shares made them unattractive to institutions, thus stable and boring. "The private companies just languished through the '50s, '60s and 70s," said Roger Liddell, an analyst for Alex. Brown & Sons. "But there is plenty of excitement in the '80s." discussion format 12:00 p.m. lunch (inducted) 1:00 p.m. III. Disorders of Leorning A Definitions B. Clinical Picture and Classification C epidemiology D. Assessment . Ctiologic Factors F. Natural History G Intervention Strategies 2:45 p.m. Break 3:00 p.m. IV. Interrelationship of Attention, Communication, and Learning Disorders V. Toujard o Model of Neurodevelopmentol Immaturity VI. Risk for Other Psychiatric Disorders Associated with Disorders of Attention, Communication, and learning VII. Panel Discussion 5:00 p.m. Adjournment Faculty (e-'f Cost of the symposium is $40.00 paid in odvonce $50.00 paid at the door $20.00 student 883-8777 103 Hospital Loop N.. Albuquerque, NM 87109 "7 'ST Ulv J.. y Wheel Supports Harvey Barbee of Invacare Corp., inspects a rack of caster forks used to support the front wheels of the "Jaguar" and "Rabbit" model prescription power wheelchairs, designed specifically for children. They are made at the company's plant in Elyria, Ohio. WeteHere ToInaeaseThe Money Supply When you've got a Cameron -Brow n office in vour town, you can he sure there s plenty of money tojjo around. We're the home of affordable financing with a complete rane of fixed rate conventional, n IA and A loans as well as adjustable rate and graduated payment mortgages. As one of the top ten mortgage banking firms in the nation, we have a network of money sources all across the country. So if you're a buyer, builder or Realtor come in and see us. We'll be glad to help you find the right financing because if you've got housing money demands, we've got the money supply. Cameron-Brown Mortgage Bankers (fiSJ 2400 Louisiana Blvd. NE, Suite 210 Albuquerque, New Mexico, (505) 888-0100 Cameron-Brown Qimpany will became First Union Mortgage Corporation February 9, 1987. . -. Vjf .... ASSOCIATED PRESS

Get access to

  • The largest online newspaper archive
  • 20,900+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Publisher Extra Newspapers

  • Exclusive licensed content from premium publishers like the Albuquerque Journal
  • Archives through last month
  • Continually updated

Try it free