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Daily Press from Newport News, Virginia • Page 29

Publication:
Daily Pressi
Location:
Newport News, Virginia
Issue Date:
Page:
29
Extracted Article Text (OCR)

C7 HAMPTON ROADS Sale lina stores, Ribble said. Originally held in a tent on Virginia Beach Boulevard, the sale became so popular. Hit or Miss eventually incorporated merchandise from all of its nearly 600 stores across the country. Ribble said the company starts planning the next sale a few months after each year's event ends. By July, managers are busy hiring local temporary employees and gathering merchandise.

She began setting up for this year's sale on Wednesday, Ribble said. She would not say how much Hit or Miss earns from the sale. Based in Stoughton, Hit or Miss operates in 34 states. The company has five Hampton Roads stores, all located on the Southside except for a store in Williamsburg Outlets Mall just outside of Williamsburg. Hit or Miss moved the sale to the Pavilion in 1985, Ribble said.

This year's sale will take up the entire building more than 75,000 square feet. The Hit or Miss tent sale starts at 6 a.m. Saturday and lasts through August 19. Continued from C6 screaming." customers camping out in line as early as 2 a.m., waiting for the doors to open, Ribble said. Experienced shoppers come dressed in their swim suits so they can try on clothes in the aisles.

"You've got to see it to believe it," Ribble said. "The women come running in here The event started as a summer clearance sale for about 10 Hampton Roads and North Caro Daily Press, Friday, Aug. 10, 1990 Now Through August 31 1 990 TEST DRIVE a new car, truck or van at one of the participating Hampton Roads dealerships and possibly win a great vacation or 50 FREE Virginia Lottery tickets given away weekly! REGISTER TO WIN A FREE TRIP FOR TWO! "These (July) numbers seem to tell us that the retailers that are better at selling than others are posting strong gains no matter what the economy is doing," Cooper said. "But the more average ones, particularly the big department stores, are seeing sales slow along with the economy." Large department stores, which sell such items as furniture and appliances, are suffering more from the slowdown in housing and durables sales than the specialty retailers. rr-.

Retail Continued from C6 July, advancing over even their own strong June sales growth of 24 percent. Kemper Financial Services analyst Catherine Cooper attributed The Gap's gains to a good start on fall clothing sales. Shearson Lehman Hutton analyst Stacy, Ruchlamer said July sales in general were in line with expectations. Foreign currency NEW YORK (AP) Foreign Exchange, New York prices. Rates for trades of $1 million minimum.

Fgn. currency Dollar In In dollars fgn. currency Thu. wed. Thu.

Wed. r-i 1 irvUT UPS Continued from C6 alternative methods of shipment, including Federal Express, trucking companies and the U.S. Postal Service, but several managers said they prefer to use UPS. "It would be a lot more in-covenient and a lot more expensive" to use alternate fqrms of shipping, said Nancy Harner, warehouse manager for Micro-. Serve, a computer retailer in Hampton.

Conte's Bike Fitness Center in Newport News uses UPS to receive about 60 percent of its parts, said Vice President David Conte. Conte said he has already started getting shipments through alternate shippers from suppliers who don't want ages to get waylayed during a possible strike. Dividends 1st Place San Diego, Ca. 7 Days, 6 Nights 2nd Place Orlando, Fla. 4 Days, 3 Nights 3rd Place New Orleans, La.

4 Days, 3 Nights COURTESYOF USAir AND 1 America's Most Frequent Flyer THURSDAY DIVIDENDS DECLARED Per- stk.of Pav-lod rote record able IRREGULAR Apex Muni Fd .0795 1-20 8-30 British Petrol PIC 1.002 8-31 11-7 x-approx. amount per ADR. MunlEnhonced Fd .06697 $-20 8-30 MunlVest Fd .0609 8-20 8-30 Smlthkllne Ea .4256 8-31 10-15 .0001 .0002 5560.2 5560 2 1.2692 1.2692 11.17 11.17 x-approx. a mourn per ueposnary onares. 32.72 71.50 32.75 71.50 .0663 8-20 1-30 Taurus MnCA Hldg .5348 .7935 .7935 .0895 .0895 .0305 0306 .0140 .0140 1.8675 1.8700 1.8566 1.8591 1.8457 1.8488 1.8362 1.8377 .8721 .8712 .0687 8-20 8-30 .1121 6-20 1-30 Taurus MnNY Hldg World IncoFd Cardinal Dlstrb .5355 .5386 .5418 .5446 .5379 .5409 .5442 1.1466 1.1479 INCREASED 8670 1.1520 1.1534 .8681 .025 10-1 10-15 .8635 1.1569 1.1581 .8644 x-s tor 4 spin.

Cardinal Dlstrb BMA Corp Frontier Adlust 8607 .8600 1.1619 1.1628 e-11 1-20 9-14 9-10 3.70 ill f-Argent Australia Austria C-Belglum Brazil Brltoin 30-dov fwd 60-davfwd MHtav fwd Conoda 30-)ay fwd 604av fwd 90-dav fwd v-cnile Coiombio Denmark i-Ecudr ECU d-Egvpt Finland Fronce Greece Hong Kong y-lndla Indnsla Ireland Israel Itolv INITIAL Barclays PLC .8784 8-30 11-1 .03 91 -30 Inn .0375 9-28 10-12 .08 8-17 8-31 .7437 8-16 -19 .003463.003463 288.80 288.80 .001980.001980 505.09 505.09 .1647 .1649 6.0720 6.0650 .001163.001163 860.00 860.00 1.3115 1.3115 .7625 .7625 .3685 .3685 2.7134 2.7134 .2670 .2670 3.7450 3.7450 .1877 .1877 5.3285 5.3285 .006400.006400 156.25 156.25 .1286 .1287 7.7730 7.7730 .0574 .0574 17.421 17.421 .000540 .000540 1852.02 1852.02 1.6885 1.6885 .5922 .5922 .4975 .4975 2.0100 2.0100 .000858 .000856 1166.00 1168.00 .006680.006673 149.70 149.85 PLUS 50 FREE VIRGINIA LOTTO TICKETS GIVEN AWAY WEEKLY! 30-dav fwd .006683 .006677 149.63 149.77 tCKIavfwd .006684.006678 149.62 149.75 904av fwd .006684 .006678 149.60 149.74 Jordan 1.5221 1.5221 .65700 .65700 Kuwait 3.4572 3.4572 .28930 .28930 .01488 .01488 672.00 672.00 x-approx. amount per ADR. Unit Healthcare REGULAR Am Blltrlte AmCap IncoTr AmericsTr GM x-pavable on prime units. Arkla Inc Atmos Energy BMA Corp Burger King CBI Indus! CPAC Inc Carnival Cruise Current IncoShr IP Microwave Eastern Co Essex Fncl Ptnrs Frontier Adiust Frozen Food Home FdSv Xenla ILPwradipf A Kerr Glass Mfg Lowson Prod Movtoe Cp McDonolds Corp Motorola Inc Nacco Ind Poinwebbr Grp Pitt Des Moines Potash Cp Sask Property Tr Am QuestFrVal DIPur Sthlngfon Svgs Spar Aerospace Sunstrand Cp Superior Surgical WA RIEst Wolshlre Assur In Canadian Funds. 8-22 9-14 8- 24 9-10 9- 11 9-14 9 -10 9-13 8- 22 9-14 9- 28 11-2 8-31 9-14 8- 31 9-14 9- 13 9-28 8-24 9-15 6-30 8-15 8-20 9-10 8-22 8-29 8-10 8-24 10- 10 11-1 8- 31 9-15 9- 27 10-18 8-31 9-15 8- 31 9-18 9- 14 10-15 -6-31 9-14 9-4 10-3 9- 14 9-28 10- 25 11-15 8-24 9-7 8-20 8-31 8- 31 9-18 9- 16 10-2 9-6 9-20 8- 23 9-6 9- 7 9-28 8-29 9-12 .27 .29 .30 .43 .15 .06 .12 .275 .03 .14 .40 .01 .05 .25 .75 .11 .09 .225 .085 .19 .15 .13 .20 .18 .21 .10 .16 .03 .275 .18 .27 .05 Lebanon Malaysia I'Mextco Netnrlnds N.

Zealand Norway Pakistan v-Peru i.Phlinin .3702 .3702 2.7010 Z.701U .000348 .000348 2873.00 2873.00 .5572 .5574 1.7947 1.7941 .5985 .5985 1.6708 1.6708 .1627 .1625 6.1453 6.1520 .0463 .0463 21.60 21.60 .000007 .000007 14775.1 14775.1 .0422 .0422 23.71 23.71 Portugal tau.iu iw.iu Saudi Arab .2667 .2667 3.7505 3.7505 Singapore .5542 .5542 1.8045 1.8045 So. Korea .001399 .001399 714.90 714.80 So. Africa .3865 .3865 2.5875 2.5875 Spain .010230 .010230 97.75 97.75 Sweden .1712 .1714 5.8420 5.8345 Swllzerlnd .7460 .7479 1.3405 1.3370 30-dav fwd .7465 .7484 1.3395 1.3361 60-davfwd .7470 .7491 1.3386 1.3350 90-dav fwd .7479 .7500 1.3370 1.3334 Taiwan .0371 .0371 26.93 26.93 Thailand .03903 .03903 25.62 25.62 CONTEST RULES: .000380 .000380 2635.05 2635.05 .2723 .2723 3.6727 3.6727 .000810 .000810 1234.00 1234.00 Turkey U.A.E. f-uruguov z-venzuel ftrmnv .0203 .0203 49.1500 4V.15W1 .6274 .6293 1.5940 1.5B90 Continued from C6 and renovate the hotel. He said the facility will be designed for older people who need help with some daily tasks but who do not require intensive medical supervision.

"It will be assisted living," Dechert said. "Our people will help them get out of bed, get dressed, help them with medications." Dechert already operates 12 such homes in Tidewater, but the Governors Inn would be his first on the Peninsula. The City Council must still approve Dechert's proposal, but the Oyster Point Development Corp. has given its approval, Apelt said. He said the home will have little impact on traffic, and said-its location, near the edge of the park and the Bernard Village subdivision, should be convenient for residents.

Apelt said the development corporation also approved plans by Automatic Equipment Sales of Norfolk, Inc. to buy a four-acre plot on Middle Ground Boulevard and build a 20,000 to 25,000 square-foot showroom and warehouse. Automatic Equipment, a heating and air conditioning equipment firm, will pay $340,000 for the site, which is now vacant, Apelt said. 1.5936 Ijm 1.5930 1.5878 1.5920 1.5868 30-dav fwd .6275 .6295 60-doytwd .6277 .6298 90-dav fwd .6281 .6302 Vuanclnu .08961 .08961 11.16 11.16 NOTE: ECU European Currency Unit, a basket of Europedn currencies. The Federal Reserve Board's Index the value of the dollar against 10 other currencies weighted on the basis of trade was 87.73 Thursday, up 0.13 points or 0.15 percent from Wednesday's 87.60.

A year ago the index wos 99.16. commercial rate, d-free market rate, f-flnancloi rate, y-otficial rate, i-ftoatino rate, r-revlsed. NO PURCHASE NECESSARY Any person possessing a valid Virginia driver's license is eligible to win, with the exception of employees of the Daily PressThe Times-Herald or affiliated Companies, its advertising agency, USAir, Omni Hotels and participating dealers and their families. Winners will be chosen by random drawing and decision of the judges is final. jContest ends at the close of business hours on August 31st Winners will be notified by mail.

Entry constitutes agreement of winners to allow the use of their names and photos for promotional announcements published in conjunction with the Test Drive Contest. Cash cannot be substituted for prizes. Money market NEW YORK (AP) Money rates for Thursday as reported bv Telerate Systems Inc: Tolerate interest rate Index: 7.817 Prime Rate: 10.00 Discount Rate: 7.00 Broker call loan rote: 9.00-9.25 Federal funds market rate: High: 8.0625; Law: Last: 8.0625 Dealers commercial paper: 30-180 days: 7.92-7.65 Commercial paper by finance company: 30-270 days: 7.81-7.37 Bonkers acceptances dealer Indications: 90 days, 7.72 120 days, 7.68 180 days, 7.61 Certificates of Deposit Primary: 90 days. 7.71 180 days, 7.86 1 year, 7.94 Certificates of Deposit bv dealer: 90 days, 7.94 120 davs, 7.94 180 days, 7.97 Eurodollar rates: 3 months, 7.93754.0625 6 months. 7.9375-8.0625 London Interbk Offered Rate: 3 months, 8.0625 6 months.

8.0625 Treasury Bill auction results: 3-month as of Aug. 6: 7.23 6-month as of Aug. 6: 7.19 Treasury Bill, yield adiusted for constant maturity, 1-vear, as of Aug. 6: 7.67 Treas. Bill market ratej-year: 7.20-7.18 Treos.

Bond market rate, 30-year: Wed.8.B6 Money-market hind: Merrill Lynch Ready Assets: 30 day average yield: 7.69. Nonferrous metals NEW YORK (API Spot nonferrous metal prices Thursdov. Aluminum .7850 per pound, NY Comex spot month -Thu. Copper $1.3810 a pound, U.S. destinations.

Copper 132.50 cents per pound, NY Comex spot month Thu. Lead 50-52 cents a pound. Zinc cents a pound, delivered. Tin S3. 8960 (Metals Week composite price per lb.) Gold 5383.60 Hondv Harmon (only dally quote).

Gold S3B5.80 per troy NY Comex spat month Thu. Sliver S4.860 Handy Harmon (only dally quote). Silver S4.857 per troy NY Comex spot month Thu. Mercury $260 per 76 lb tlask. New York.

Platinum S488.00-S496.00 trov N.Y. (contract). Platinum $460.40 N.Y. Merc spot per trov az. Thu.

NOTE: n.q.-not quoted; n.o.-not available OFFICIAL TEST DRIVE SWEEPSTAKES DEALERS; Bowditch Ford, Casey BuickJeepEagle, Casey Chevrolet, Casey HondaSubaru, Casey Imports, Center Ford, Christie Motors, Coastal Jeep Eaglo, Copeland ToyotaVolvo, Bob Crumpler's Denbigh Nissan, Denbigh Toyota, Bill Fary Ford, Grafton Garage, Hampton ChevroletGeoJeep Eagle, Holiday Cadillac, Hollomon Pontiac, Ken Houtz ChevroletBuick, Hudgins OldsmobilePontiac, Hutchens ChevroletGeo, Medlin FordMercury, Newmarket Hyundai, Peninsula Dodge, Peninsula Import Superstore, Quinn ChryslerPlymouthDodge, Suttle Motors, Thompson Ford Yugo, Tysinger Motors, Ward, Whitmore ChevroletGeoOldsPontiac, Williamsburg Motors Sponsored By Coal laid) 1km The Times-Herald HAMPTON ROADS' NEWSPAPERS Continued from C6 opened Saturday in Hansonville, clerk Freda Prater said confusion about the fuel makeup was causing some dissatisfaction among customers when they saw the price go up during the week. "Some people are looking at the prices and driving off," she said Wednesday. "One lady came in and said she was told it was made of 100 percent coal and couldn't understand why we were raising the price." CTC is spending $1.7 million for an expansion of its liquid coal processing facility, Wolfe said. He said the next step is to open a plant to process more than 1,000 tons of coal each day. Wolfe said he hoped Middle East problems "will awaken the American public to the need to develop our own alternative fuel sources." COUPON TEST DRIVE SWEEPSTAKES i i I REGISTER TO WIN A FREE TRIP FOR TWO TO SAN DIEGO, ORLANDO or NEW ORLEANS OR 50 FREE VIRGINIA LOTTO TICKETS! I I I I INVESTORS savings bank 9201 Forest Hill Avenue Richmond, Virginia 23235 STATEMENT OF CONDITION (Unaudited) For publication as required by Section 6.1-194.78 of the Code of Virginia June 30, 1990 (In Thousands) ASSETS Mortgage Loans $1,477,831 Mortgage Pool Securities 1 14,494 Non Mortgage Loans 88,881 Repossessed Assets 54,61 2 Real Estate Held for Development Investment Resale 316 Cash and Noninterest- Earning Deposits 35,588 Investment Securities 11 9,992 Investment in Service Corporations and Subsidiaries 1 37,1 37 Office Premises and Equipment 40,973 Goodwill and Other Intangible Assets 16,627 Other Assets 37,692 TOTAL $2,124,143 LIABILITIES Deposits $1,599,537 Advances from FHLBank 311,934 Borrowed Money and Discounts on Deposits and Borrowings 129,070 Other Liabilities 16,916 TOTAL LIABILITIES 2,057,457 Redeemable Preferred Stock and Minority Interest 0 CAPITAL Capital Stock 10,786 Surplus and Undivided Profits Less Unrealized Losses on Marketable Equity Securities 55,900 Total Equity Capital 66,686 TOTAL LIABILITIES, REDEEMABLE PREFERRED AND MODIFIED EQUITY CAPITAL $2,124,143 ITS EASY TO ENTER.

All you have to do is take a test drive in the new or used car or truck of your choice at your favorite participating dealership. Then fill out the Official Entry Blank in this ad, or pick one up at the dealer's showroom, have it validated after your test drive, and deposit it in your dealer's Official Entry Box. USAir America's Most Frequent Flyer Sign me up now for USAir Frequent Travelers Program Yes No I VM.n:S.' lis There's no obligation to buy, and you don't have to be present to win I (All flight and hotel expenses for two will be paid. Other expenses such as meals are not included. Offer for one year, subject to blackout dates by USAir and Omni International Hotels.) (Please Print) Phone: IName: TVX Continued from C6 station WTVZ, channel 33, helped strengthen TVX's balance sheet, Shipp said.

TVX kept stations in Philadelphia, Dallas, Raleigh, N.C., and Washington. TVX last month asked independent directors, those members of its board not affiliated with Paramount or TVX management, to evaluate the Paramount offer. The directors' recommendation to reject the offer leaves Paramount the option of raising its bid, or forgetting about buying out minority stockholders, Shipp said. This Portion For Office Use Only Model Date: Validation (Salesperson's Full Name): I 841-001 FDIC Insured.

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