Rocky Mount Telegram from Rocky Mount, North Carolina • 21

i ltt Mm), i.C. Net. It. 111? II only have we improved results by an extra or so, we've done it while significantly Increasing our Undergarment announces results share on 2,939.536 shares outstand and non recurring expenses for 1987 showed a loss of $1,217,057, or (41 cents) per share on 2,947,437 shares outstanding, compared to l6 loes of $859,819. or (29 cents) per share on 2,919.578 shares outstanding.

Commenting on the results, Rocky Mount's president, Herbert Green-berg said: "Although operating re-suits showed a loss for the quarter, if compared to 1986 the results also show that our new management brought more than $0,000 to the bottom line du to improvements comoanv to Ralcich in 1982. He is a 1974 graduate of New York University, and currently lives in lUileigh with his wife, Sharon, and their two children, Ad-ianne and Jonathan. New Directors Rocky Mount also reported the resignation of two of its directors, Joe Shaw and Edward K. Blodnick, and the appointment of two new directors to fill these vacancies, Joan Greenberg and Stephen Greenberg. Shaw resigned because of his involvement in a new business venture.

Rlodnick's resignation was rx- petted as he stated upon his election to the board in July that he would only serve as director until the company's new management team was successfully In place. Joan Greenberg formerly ran Rocky Mount's "Tennis Queen' di-: vision that produces tennis wear for women. She is experienced In garment marketing and sales. St-phen Greenberg is an outside director with some experience in garment manufacturing and sales. Notices Legal Notices Homestead board postpones conversion Rocky Mount Undergarment Co.

Inc. has announced results for the third quarter and nine months periods ending Sept. 27. Revenues for the recently completed quarter werf $9,127,848 vs. th prior vear's $11,2118.262.

Net before provisions for income taxes and extraordinary and nonrecurring expenses showed a loss of $447.43 compared to a loss of $1,123,730 for the comparable 19isG quarter. Net after taxes and extraordinary and non rccurrng expenses showed a loss of or (24 cents) per Business in brief Lynn opens Allstate Allstate Insurance Co. has announced the opening of a new neighborhood sales office in Suite 210 of the Station Plaza Building. Rocky Mount. The agent at this location, Sam Lynn, has 17 years of experience as an agent with Allstate, lie offers life, CSX sells 54-mile rail JACKSONVILLE, Fla.

CSX Transportation Inc. has announced the sale of a 54 mile rail line from Bcykins, to Tunis. N.C., to the newly-formed North Carolina and Virginia Railroad Co. headquartered in Ahoskie. The new railroad, which is owned by Railtex Inc.

of San Antonio, output. He concluded: "The job is obviously far from sr. though, and I expect our new management team to take up the challenge and continue producing good results. We are optimistic that continued rost controls, increased production efficiency and a healthy backlog of orders in the pipeline will have a positive effect on Rocky Mount's cash flow and income statement." New Officer Named Separately, the company's chairman, Kimball H. (Hinton, also announced that Charles Kralich was named chief financial officer, effective Nov.

30. Kralich will report directly to Greenberg. Kralich fills a position left vacant by the resignation of Melvin Margolies in July, Kralich was most recently a senior manager at Touche, Ross Co. in Raleigh. He joined Touche, Ross in New York in 1974, where he worked until transferring with uV Legal Notices Legal EXECUTOR'S NOTICE Having qualified at Executor tha Eitatt el Julian O.

Bobbitt, lata ol Natft County, North Ccielina, thit It to notily all perton hav-in clatmi agnntt tha eitate ot taid Julian D. Bobbitt to oretent tham to the undersigned at the addreu ihown on or before the Ulh day el May, tttt, or thit Notice will be pleaded in bar ot tuch clalmt. O.S. 1114 1, JIA 3(a). Dated: November 12, 1M7.

Julian D. Bobbin, Jr. FvPTMtnr ot the Ettate ol Jblian O. BoDOO SO; Hertford Street Raleigh, NC 170 Battle, Window, Seen A Wiley, A. P.O.

Box lit Rocky Mount, NC 270 0J 11-12, It, 2 12 making ol same are necessary: -water laterals on: Southern Benvenue Club Country Brookwood Southern WHEREAS, ol and the City ol strMr ed in the 2. The be assessed in an equal to NOW, IT RESOLVED Council of The Board of Directors of Edgecombe Homestead and Loan Association has postponed a conversion. On Aug. 13, the board elected to proceed with the conversion of the association from a mutual to a capital stock form. The purpose is to increase the association's capital base through the sale of common stock to better enable the association to compete In a deregulated financial institutions market.

An application to convert was filed with the Federal Home Loan Bank Board and the North Carolina Savings and Loan Division on Sept. 8. Both must approve the conversion. Following regulatory approval, the association's depositors and loan customers will have the opportunity to vote on the conversion at a special meeting of members. Holders of savings accounts of the association as of March 31, 1987, will cessive year until the assets-, ment It paid In lull.

A dn- count may be applied to-assessments paid in lull within thirty days after) publication ol the Nrtice el. Confirmation of the Assess- ment Roll. II any install-' ment, with Interest is not paid when due, it shall be subject to the same penalties as are now prescribed by lor unpaid taxes. 4. It is further ordered that such assessments shall become Ment against the abutting property, at pro- vided in Section 1H ol the City Charter, upon confirmation ol the assessment ro'l C' C34SK.

Adopted Thit tne tin day ol November, 117. BY ORDER OF THE CITY COUNCIL Jean M. Bailey, City Clerk i Peoples buying back 'SBBKf-U Giacarparatjcn ax ffWfwf that it Kaa itguii itucdun- Abbott Labs now trading on Tokyo stock exchange ing shares of its common stock. The company originally received shareholder approval to purchase 1 up to shares of its stock at its annual meeting in April, i Robert R. Mauldin, chairman and chief executive officer, said that the 11 It Jefferson-Pilot declares dividend TOKYO Abbott Laboratories' common stock began tiading on the Tokyo Stock Exchange on Oct.

30 following the company's listing. Its trading symbol is ABT. In Japan, Abbott operates a joint venture, Dainabot K.K., which is among the most diversified health care firms in the country. It employs some 770 people. Dainabot celebrated its 25-year anniversary in February 1987.

Abbott's joint venture partner in Dainabot is Dainippon Pharmaceutical Co. Ltd. Dainabot also markets pharam- Promotions end the following improvements and ihat the needed and are line and water Boulevard from Avenue to Country Drive Club Drive from Drive to Boulevard Ills theiudg-menl the City Council, Council linds: without water public interest. abutting property to will be benefitted amount al least such assettment. THEREFORE, BE by the City the City ol Rocky Mount: 1.

It it hereby ordered that the following improvements be made: water lint and water laterals on: Southern Boulevard from Benvenue Avenue to Country Club Drive Country Club Drive from Brookwood Drive to Southern Boulevard 2. It is hereby further ordered that tho (utal cost of said improvements be assessed to the property described above. J. It is hereby further ordered that said assessments, al the option ol the property owner, may be either paid in cash, without interest, upon the completion ol said Improvenr.ents and lor 30 days after the date ol publication ol notice of confirmation ol the assessment roll by the City Council, or in live equal annual installments, with Interest, at the rate ol i per annum from the date of confirmation ol the assessment rill, the first installment, with interest, becoming due and payable 10 days after the publication of notice of confirmation ol the assessment roll and each subsequent installment, with Interest, being due and payable on the same day of the month in each suc GREENSBORO Jefferson-Pilot Corp. directors declared two quarterly cash dividends each in the amount of 30 cents per share at their quarterly meeting held here.

Coastal Corp. opens HOUSTON The Coastal Corp. has announced a subsidiary has opened an office in Rotterdam, Netherlands, to market fuel oil and related products in northwestern Europe. The Coastal subsidiary, Coastal (Rotterdam) B.V.. is staffed by made In operating efficiencies, the elimination of our unprofitable sleepwet.r division, overall Improvement In management, and a mark'jd upturn In the morale and productivity of the company's more than l.ooo employees." Greenberg continued: "Mont significantly, Rocky Mount today is producing approximately 75.000 dozen pairs of underwear per week compared to only about 55,000 dozen pair per early In the third quarter.

It's therefore clear that not be given first priority to subscribe for the capital stock of the association. Depositors opening savings accounts after March 31, borrowers and the management and employees of the association will also receive subscription rights. It is anticipated that shares of the capital stock will be available for purchase by the general public. After filing of the application for conversion with the regulatory authorities and during the Tatter half of October, the stock markets crashed. The association's conversion offering was expected to begin 'he second week of November, but the Board of Directors has determined that a postponement of the conversion is prudent.

At an appropriate time, but not before January, the board will consult with advisers and determine action. ceuticals, hospital products and, soon, oral medical mutritionals. In addition to the TSE, Abbott's common stock is listed on the following stock exchanges: New York, Midwest, Pacific and London. It is also listed on the Swiss stock exchanges in Zurich, Basel, Geneva and Lausanne. Abbott's common stock is traded on the Boston, Cincinnati and Philadelphia stock exchanges.

Abbott's application to list on the TSE was sponsored by Daiwa Securities Co. Ltd. and co-sponsored by Goldman Sachs (Japan) Corp. additions in Rocky Mount and Tarboro. She joined the bank in 1986 as a marketing manager.

A native of Rocky Mount, Keel is a graduate of Rocky Mount Senior High School and attended the University of North Carolina at Chapel Hill. She is a sustaining member of the Rocky Mount Junior Guild, Business After Hours chairman for the Rocky Mount Chamber of Commerce, and a member of the American Institute of Banking. She has three children. Knight markets, refrigerated warehouses, aircraft hangers and support facilities. Bullard has been involved in various types of phased building projects, land aquisitions studies and has worked in both the public and private sectors.

Bullard is a graduate of the University of Oklahoma and is a member of the American Institute of Architects. He holds a certificate from the National Council of Architectural Registration Boards and is licensed in four states. Bullard and his wife, Sue. will make their home in Rocky Mount. They have two sons: Dray and Tyson.

human resources associated with TRW Incpf Greenville as the human relations manager. High received his undergraduate education in business administration from the University of North Carolina at Chapel Hill, and past-graduate education at East Carolina University and Central Michigan University in business administration and human resources management. High is certified by the American Society of Personnel Administration. High and his wife, Kathleen, have two daughters and live in Rocky Mount. ad firm American Speedy Printing in Raleigh, where bhe served as managergraphic artist.

She attended East Carolina University, where she received her Bt'A degree in art. ing, compared to l6 third quarter losses of $1. 123.73c, or (21 cents) per shure on 2,917,900 shares outstanding For the nine months period, total revenues were $28,432,301 vein's $31,638,422 for the comparable year-ago period. Net income before provisions for income taxes and extraordinary and non-recurring expenses showed a gum ol coinpiii ed to a lufct of $1,590,819 for the 191S6 nine months period. Net after taxes and extraordinary Insurance office auto, homeowners, health insurance and commercial business insurance, as well as auto financing.

Allstate policyholders may pay their bills at this new location. The telephone number is 442 0114. Office hours are from 9 a.m. to 3 p.m. Monday through Friday.

line Texas, began operating over the weekend. The transaction also includes the sale of two GP9 diesel locomotives by CSXT to the The sale is part of CSXT's continuing policy of selling lines which can be more effectively owned and oper ated by shortlme systems. common stock u-ul decline in the stock market and management's belief that current price levels of the company's stock represent an excellent investment opxrtunity. It is expected that the shares repurchased will be used to fund existing employee benefit plans. The first dividend is payable Dec.

4 to shareholders of record Nov. 13. The second dividend will be payable March 4. 1988. to shareholders of record Feb.

12, 1988. Dutch office Rene Duyn, managing director; Oscar Slingerland, trader; and Bert van der Zweth, operations. Offices of Coastal (Rotterdam) B.V., are at Hofplein 33. (3rd floor) 3011 A Rotterdam. Telephone is 31-10-4140188; telex 23704 COSNR NL; Fax 31-10-4119473.

event based on the corporate positioning statement "The Tree Growing Company. And More." The commercials will be seen at least 28 times, between Feb. 13 and 28. by an estimated viewing audience of 25 to 30 million Americans. officers elected Officers are: president, Fred Wells, Eastern Personnel Wilmington; first vice president, Richard T.

Langdon, CPC, Action Personnel Services. Charlotte; second vice president, Diane Amos, CPC, Amos Associates, Burlington; treasurer, Jim Chambers, Career Consultants. Charlotte; and secretary, Peggy Stallings, CPC, Career Concepts, Burlington. Directors are: David A. Smith, CPC, Best Recruiters, Greensboro; Louis Leimore, CPC, VIP Personnel of Durham, Durham; Judi Nicoletti-Fitzpatrick, Charlotte Staffing Charlotte; and Frank Free, Frank Free Associates, Charlotte.

Brickell gets tourism marketing ELIZABETH CITY North Carolina Tomorrow, representing 16 counties, has namd Brickell Associates Public Relations to handle marketing for tourism within the region. The announcement was made by Philip McMullan, executive director for NNCT, who cited the agency's experience planning capabilities. NNCT is a regional economic development organization funded by the State of North Carolina that serves Beaufort, Bertie, Camden, Chowan, Currituck, Dare, Gates, Halifax, Hertford, Hyde, Martin, Northampton, Pasquotank, Perquimans, Tyrrell and Washington counties. Heilig-Meyers io buy back stock Heilig-Meyers Co. has announced a plan to repurchase up to one million shares its common stock from time to time on the open market for general corporate purposes.

The company currently has 10.7 million common shares outstanding. Keel promoted to banking officer NOTICE TO CREDITORS NORTH CAROLINA NASH COUNTY Public notice it hereby given that the undersigned hat qualified as Administrator CTA ol the Estate ol William H. Adams, deceased, late ol Nash County, North Carolina, and this Is to notify all persons, firms and corporations having claims against said estate ol said deceased to present their to the undersigned, Itemlied and verified, at Two Federal Square, SI2 West Thomas Street, Rocky Mount, North Carolina, before the Sth day of May. 18I, or this notice will be ploaded in bar of then-recovery. All persons indebted to said estate will make immediate payment -lo the undersigned.

This the Sth day ol November, Cornelia B. Adims, Administrator CTA lor the Estate ol William H. Adams MOORE, DIEDRICK, I CARLISLE A HESTER ATTORNEYS AT LAW P.O. BOX UU ROCKY MOUNT, N.C. 27S02-2424 TELEPHONE: (tit) t7Mtlt 12.

It, 2o Weyerhauser to sponsor Olympics LEGAL NOTICE Public Notice At required by Section 4104 (d) ol The Internal Revnue Code, at amended, the annual report ol the William W. Shaw Scholar-thip Foundation (a "private foundation" at defined in Section SOt of the Code) lor the fiscal year ended Augutt 11, Itit it available at itt principal office for inspection during regular butmest hours by any citiien who requests it within 110 days after the date ol this publication. By order ol the Trutt Department, Peoplet Bank and Trust Company, Franklin at Western, Rocky Mount, NC 2701, Danny K. Wrenn (tit) t77-402S. Peoplet Bank A Trust Co.

Trustee William W. Shaw Scholarship Foundation 11S, 12, it, 2a NOTICE OF RESOLUTION ORDERING CERTAIN LOCAL IMPROVEMENTS WHEREAS, It it the judgment ol the City Council, and the City Council iindt, that the abutting property to be assessed will be benefited in an amount at least equal to the assessment by the Kathryn A.I promoted to bank- ing oincer Dy me Board off Wilson. The promotion was announced by John Charles Thompson, vice president and area manager in Rocky Mount KEEL Keel is area marketing manager Bullard joins Dove Dove-Knight and Associates Architects of Rocky Mount announce the addition of William H. Bullard, A.I.A., as staff architect. Prior to joining Dove-Knight love-Knight and it ssociates, Bul-fl ird was presi-j I 2: of a nt-j Associates, lard Oklahoma-based architectural firm.

Bl'LLARD His architectural experience includes the design of high and low rise office buildings, education buildings, hospitals and medical offices, retail hopping centers, super- High named director Consolidated Diesel Co. has announced Joseph C. High as director-human resources. High succeeds Robert Wro-blewski, who has served in this capacity since the company's start-up in 1980. Wroblewski recently accepted the senior pei'sonnel position with Weyerhauser Co.

Division near Seattle, Wash. Consolidated Diesel Co. is located in Whitakers and is a joint venture of partners J.I. Case Co. of Racine, Wis.

and Cummins Engine Co. of Columbus, Ind. High moved to Consolidated Diesel in January as manager-human resources. He was formerly Larson joins Raleigh Pockett Burkhead Lewis, an advertising and marketing firm based in Raleigh, has named Tina Larson as assistant production manager. Larson came to the agency from We are pleased to announce that Peyton K.

Gravely and Jonathan K. Felton have joined our firm as investment brokers. AGEdwards tSTMEVTS SINCE W7 The Power Plant Rocky Mount, N.C. Telephone: 977-6893 Serving investors in more than 280 offices nationwide. Member SIPC an-opmo-io7- TACOMA, Wash.

Weyerhauser Co. has announced that it has reached an agreement with ABC television to become a major sponsor of the 1988 Winter Olympic Games in Alberta. Canada. The company is producing a series of 30-secon''. TV commercials for the Personnel consultant The North Carolina Association of Personnel Consultants has elected new officers and board members for the 1987-88 session.

Market summary By AL GOLDMAN The key buzz words echoing around Wall Street the past week or so are "stabilization" and a "warning" which has been heeded. Resulting from these thoughts is a rathei amazing continuation of long term bullishness and a lack of fear. Stocks have stabilized. That is true, since Oct. 19.

There was a classic rebound from a deep, deep oversold condition and now we are into some wound-licking. So far, market action fits the pattern of both a normal technical fxnince before lower prices and a pause to refresh after a spike-out bottom. Which is it? Well, in our opinion there is such polarization between the short term bulls and bears that we doubt either side is going to receive quick gratification. That means more churning near term. What continues to worry us is that the bullish camp which according to Cameron Association is so large 75 percent of analysts, brokers and money managers surveyed between late October and early November.

Amc.g other things, the bulls believe that Black Monday got Washington's attention and thus the Congress and the president will now (and I mean right now) solve the trade and budget deficits and keep the economy growing at a healthy pace. AH this, after 25 or so years of economic mismanagement and (rior to a presidential election year, mpossible, no. Probable, no. Many problems and uncertainties, yes. We wouldn't be nervous about an "I believe" attitude if stocks hadn't already been under heavy pressure since late August and if, in our opinion, a cyclical bear market hadn't already begun.

Also, with Washington running around in a sky is falling frenzy, the risk of getting voodoo economics and quick fixes is high. At best, the environment is fragile and thus the risk level is high. Who knows what steps the Japanese and German central banks will take and how long the Federal Reserve will allow" the Treasury Department to run the monetary bail game? And these are just a few of the pieces to the puzzle. All we can really put our on is thit stocks have been under distribution for almost four menths. Heroes In the market place die young.

Ample cash reserves are still recommended and will be until market action proves. Remember, market will have the answer before the news media. (Al Goldman writes for A.G. Sun( THE COST OF GETTING SICK IS ENOUGH TO MAKE YOU SICK. SMt wwtwa ftaet 17 4M i rr Inflation has pushed meoical costs beyond all limits.

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