The Los Angeles Times from Los Angeles, California on May 31, 1979 · 69
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The Los Angeles Times from Los Angeles, California · 69

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Los Angeles, California
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Thursday, May 31, 1979
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69
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EARNINGS ROUNDUP Eoe Angles SimesThu May 31. 1979-Pirt III 21 Food Fair Suffers $117 Million Loss BY STEVE SEILER Tim Miff Wffltr Food Fair Inc. Wednesday reported, a net loss of $117 million on revenues of $1 billion for the 28 weeks ended Feb. 10. The Philadelphia-based supermarket chain, which has been operating under Chapter 11 of the Bankruptcy Act since last October, did not issue figures for the year-ago period. For the 12 weeks ended April 7, Food Fair had an operating profit from continuing operations of $1.3 million on sales of $243 million, but after subtracting interest payments and expenses connected with bankruptcy proceedings, Food Fair expects to report a loss, said Grant C. Gentry, president. Thriftimart Thriftimart Inc. said unproved productivity and operating efficiencies companywide and upgraded merchandising and advertising programs resulted in increased sales and profits for the fourth quarter and fiscal year ended March 25. For the fourth quarter, the Los Angeles-based supermarket operator reported earnings of $1 million, or $1.15 per share ($1.11 diluted), on sales of $87 million. For the same three months of 1978, Thriftimart posted profits of $606,000, or 68 cents per share (67 cents diluted), on sales of $77.9 million. For the fiscal year the company said profits increased to $4.5 million, or $5.04 per share ($4.86 diluted), from $3.6 million, or 4.08 per share ($3.87 diluted), last year, including a $251,000 extraordinary credit Revenues for the 52 weeks rose to $368.1 million from $334.2 million. Hartfield Zodys Hartfield Zodys Inc. reported record first quarter sales and profits, noting that its retail operations posted a 12 increase in revenues while pretax profits were nearly triple those for the like 1978 quarter. For the three months ended May 4, the Los Angeles-based company reported profits of $2.6 million, or 76 cents per share, including a $1.4 million extraordinary gain resulting primarily from tax credits. Net income for the like 1978 quarter was $2.3 million, or 30 cents per share, including a $1.3 million extraordinary gain. Revenues for the three months increased to $71.4 million from $66 million a year earlier. GAMBLING LICENSE Continued from 14th Page lesser employes were charged by the Clark County district attorney's office and income tax evasion charges were brought against at least one individ-nal in federal court. However, Glick and other Nevada gambling licensees remained untouched until the complaint filed Wednesday by the Nevada Gaming Control Board. Click's Nevada operations, heavily laced with Teamster pension fund loans, have been under fire for more than a year by federal grand jury probes and strike force attorneys as well as Nevada gaming officials. Federal attorneys have charged in court documents that Spilotro was a hidden owner in Argent Corp. However, no significant federal charges have been brought against Spilotro. Control board attorney Philip Pro said Wednesday the administrative complaint signed by Reid did not amount to criminal charges. He said it could mean anything from complicity in the alleged skimming operation to just bad management. Of the corporations named in the complaint Alkath Corp. is the parent company of Argent Corp., which is the parent company of Karat Inc. which is the operating company of the Stardust and Fremont Hotels. Glick recently notified Nevada gaming officials he is negotiating to sell his Nevada properties and wishes to get out of the gambling business. A management firm headed by Al Sachs and Herb Tobman, men who operated the Stardust Hotel prior to Glide's purchase, recently took over the Stardust and Fremont hotels under a management contract. Sachs has authority to hire, fire and control day-to-day operations. He also has a first right of refusal to buy the resorts if Glick's agreement to sell to Fred and Ed Doumani falls through. The Dou-mani brothers also are owners of the Tropicana Hotel on the Las Vegas strip. Western OTC Prices NASD Quotations for Wednesday, May 30, 1979 Thest quotations supplied by tht National isn. ot Securities Dciltrs Inc. an not actual transactions tut art representative inttrotaltr prices as ol approximately a.m. daily at which time these securities could have twen purchased (asked) or sold (bid). Inttrdtaltr markets chanit throuthtout tht day. Prices do not include retail markup, markdown or commissions. Prior id Asked lid Prior Bid Asktd lid Acme General Corp Altius Corp Arpeia-Califontia Atlas Holes) Bazar Inc BirtsctwCorp Bishop Graphics Bowater Corp Ltd Bridgtord Foods Brouoham Industries) C&R Clothiers Calny Food Services Carlsberj Capital Century Prop Chandel Cc4eweMort9aoe Trust Comarcolnc Comprehensive Cart Comet Stores DatametricsCorpA Datalron,lnc Datum, Inc Delta California Dentalloy Inc m 11 WA 3 13 Vk Vk 13 MVi 13 l Vi v n ivt i 2'i 3 ri M H Vk t'k Vi Wi ik II 12 4V 6 12ft 14 ft 1 Vk 2 4 511 isv. m i5v. ift 7ft (ft ( 7 i Ik 11161314 2 3 3 4 n Ift Vk 1ft Dole (James) Corp Dominguei Water DrewryPholocolorCorp DSI Corporation Early California Ekton Industries Employees Benefits Inc Energy Res G;p Inc Everest (Jennings FamilianCorp Farr Company First Travel FlamemasterCore i For Better Living rreoeriCTsmniya Fritiie ot California GnTeMMtPFO GenTetrjIttPFD iGraphidyneCorp Guaraan packaging Hamburger Hamlets Harlyn Products Harvest Industries I Hermetic Seal Corp IJBBigBoy Family Judy's inc Jurgensens Lindal Cedar Homes Lion Country Safari Los Alamilos Race Course Lumberman's Accept Corp Maxon Industries McFartandEngylnc Medical Cvekment Micro Mask inc Moduline Intl 4 B4 44 13 14ft 13 S 5 4 Hi 2 5 6 5ft 7V. I Vk. 17V. IS 17'. 4 4 1514 4 19ft 21ft lft Vk Vk (ft 4k 33 3 I Ift Ift Vk 5ft 11. Vk Vk 2ft 5 5ft Vk Vk 2ft J1. Vk 3: 10 ft yft Ik 7 r .J ift m 5ft Vk Vk 2ft S Vk 2ft 134 lli 14 12ft Vk ft 7ft (ft (ft 5 3 Ift ion ton ton 2 21k 2V. Ift 12ft ft (ft 5 2 Treasury Bonds OtwtatfMi far Wed. May N, lf7 NEW YORK (APHCtosIng Cw-lhe-Counter. iu. treasury Bonos wrneewway. (,125 Jun 1979 n .so jun in n 4.250 Jut 1979 n 4.250 Aug 1979 n (.175 Aug 1979 n 6.625 Aug 1979 It (.625 Sep 1979 n 1.500 Sep 1979 n 7.250 Oct 1979 n 6.250 Nov 1979 n 6.625 Nov 1979 n 7.000 Nov 1979 n 7.125 Nov 1979 n 7.125 Dec 1979 n 7.500 Dec 1979 n 7.500 Jan 19W n 4.000 Feb 1980 4J00 Febl9Nn 7.625 Febl9Mn 7.500 Mar M0 it 7.750 Apr WW n 6.075 May 1910 n 1.000 May 1900 n 7.(25 Junl9Mn 8.250 Jun 1940 n 1.500 Jul 19N n (.750 Aug 1990 n 9.000 Aug 19N n 1.375 Aug I960 n 6.175 Sep 1990 n 1.625 Sep 19)0 n U7S Oct 19M n 3J00 Nov 1910 7.125 Nov mo n 9750 Nov 1940 n 5.875 Dec 1990 n 9.875 Dec 1910 n 9.750 Jan 1941 n 7.000 Feb 1911 i 7J75 Feb 1911 it 9.750 Feb 1911 n (.075 Mar 1901 n 9.(25 Mar 1981 n 9.750 Apr 1911 n 7375 May mitt 7.500 May 1901 n 9.750 May 1941 n (.750 Jun 1941 n 7.000 Aug 1901 7.625 Aug 1941 n 1375 Aug 1911 n (.750 Sep 1901 n 7.000 Nov 1911 n 7.750 Nov 1911 n 7750 Dec 1981 n 6.125 Feb 1912 n 6.375 Feb 1982 7.175 Mar 1982 n 7.000 May 1982 n 000 May 1982 n 9750 May 1982 It 1750 Jun 1982 n 1125 Aug 1982 n 9970 9972 9973 9975 99.12 99.14 99.4 99.1 99? 99.11 99.4 n.6 98.26 98.28 99.14 99.14 9177 9079 90.9 91.11 98.13 98.17 9818 9872 91.19 9871 98.11 91.13 91.11 9(72 98.12 91.14 947 96.10 97.19 9771 91.9 91.13 917 98.6 98.5 989 97.14 97.11 90.15 98.19 9777 97.31 91.15 91.19 9170 9174 9676 9630 99.9 99.17 98.16 9170 96.16 9670 9170 9(74 9871 99. 9372 9330 96.11 9672 . 99.13 99.17 9471 95. 100.11 100.15 100J 100.10 1003 lOOi 9670 9674 100.8 100.10 9575 9579 1007 100.4 100.12100.14 96.11 96.15 96.17 9671 100.14100.14 95, 95.4 9472 95i 96.11 96.15 9779 ft!l 94.16 9470 9479 95.1 96.11 9672 95.11 95.15 93. 93J 93.4 9370 96.21 97. 9471 9475 97.10 97.14 1007010074 9774 9771 97.12 9771 9.00 10.17 9.50 9.76 9.91 982 10.03 9.92 9.94 10.04 9.97 9.99 9.94 10.01 9.81 9.97 9.49 n.oo Ml 9.82 9 J0 9.60 9.51 9.(5 9.65 9.66 9.49 9.42 9J7 9i3 9.44 9.65 1.00 m 9.59 935 9J5 M4 9iJ 9.48 9.55 934 9.54 9.49 939 9.41 9.47 931 9.44 9.43 931 Ma 931 971 977 1.99 9.01 9.10 9.06 9.01 196 M 9.00 1375 Sep 1902 n 7.125 Nov 1982 n 7.875 Nov 1982 n 9.375 Dec 1982 n 1.000 Feb 1983 n 9750 Mar 1913 n 7.875 May 1983 n 3750 Jun 1971-03 7.000 Nov 1903 n 7750 Feb 1984 it (375 Aug 1984 7750 Aug 1964 n 1.000 Feb 1985 n 3750 May 1985 4750 May 1975-15 1750 Aug 1985 n 7.875 May 19)4 n 1.000 Aug 1946 n (.125 Nov 1986 9.000 Feb 1967 n 7.625 Nov 1987 n 0750 May 1988 n 1.750 Nov 1980 n 9750 May 19)9 n 3.500 Feb 1990 1750 May 1990 4750 Aug 1987-92 7750 Aug 1992 4.000 Feb 1980-93 (.750 Feb 1993 7J75 Feb 1993 7J00 Aug 1980-93 tio Aug mi 0.625 Nov 1993 9.000 1.99., 11 7.43.. :: 0.69., 191. 1.79., 666. 731., 1.94., 91 91.4 9.04.. Ml 94.12 9,06. 96,14 9670 9.04., Wl. 10 101.14 9.00., W7I 97. 10074100JO 96.6 96.10 1470 1570 92J1 93.7 93.11 93.15 1930 90.14 RJO V3.6 96.9 94.17 14.12 15.12 9670 9674 94J 94.16 196., 9471 95.4 VR. 6.10 M76 ODJ HU 91 921 95.14 95.11 98.12 98.14 101.1110170 83.12 14.12 9572 95J0 I4J ISS 16.14 1674 137 147 8230 8330 su a .4 8630 1770 96.16 9(74 155. 196., 195., 1.90., 1.98., 9.00., 5.43., (14., 5.84 . H:: 179 .-, Ml., 96.16 9674 99.11 9970 17.14 13.14 43.16 83.11 gl4 84.14 II 13.11 9430 954 9.02. 9.04. 9.03. 9.04. M0. 4.47. 1.68. 4J1. 9.02. 19.11 Kit 8.96 9371 94.4 9.00 90.10 90.fl 1.99 9270 9271 194 86.18 1676 (91 9075 91.1 93.16 9374 97.12 97.1 1.73. Feb 1994 4.125 May 1919-94 3.000 Feb 1995 7000 May 1993-91 1500 Nov mo (500 May 1994-99 7J7S Feb 1995-00 (375 Aug 1995-00 (000 Aug 199441 (250 May 2000-05 7.625 Feb 2002-07 7 J75 Nov 2002-07 IJ4 AUPTOHI (750 Nov 2003-00 9.125 May 203449 M30I01. n Treasury notes. id iiasli)ri(M oijoted in lnarrrrW sec ond Sufted to Fecallat)ut rrt to Sla Income Bank Debits The Los Angela Cletrlnghoust Assn. Vrednesday's deoits of SS 4,81,710. HOT GVEATY SEATS Aro a Pcln In tho Cnr mmmm ifr k 'mm "V igo si:eepsxi:j seatcovls IN NATURAL SHAPE OR CUSTOMIZED. cccl i:j U"".li-cszy i:i ivirrrc. Your back stays dry. Protects you ami your seat. Made to fit all cars, vans, S lanes, ana trucks, stays nrm. Buy one tor r-atners Day. re instatl free In live mbwtee. Prices from $44.09 -$05.03 MAIL ORDERS WELCOME SHEEPSXIH SEAT COVERS ofca (Acnup mm CSy NUnntl terti) 12526 Ventura Blvd., Studio City, Ca. 91604 1 2 Yr. Warranty (213) 984-0178, 877-4895 rlor id tiled lid National Technical Serv Networks Electronic Corp NeulrogenaCorp OfgaCompany Olson Farms Inc Omnimedical Services Inc Oxoco Pacific Coast Medical Ent PamexFdsInc Perma BUI Indus! Phone Male Inc Progressive S4L Powellndlnc Pyramid Oil Co Radiant Industries Inc RamerCorp Raypaklnc ResdH Industries Revel Rodac Corporation SHE Inc SanBar Corp V Vk n lit 2 m M 2ivi m wk m iov I IVi Ik 21321516 m 2t w 191 Vk Vk wi 2 m m Vk vk 9 H 9 m 2 m m 2ib m Vk Vh Vk 1 Vk 7 Vk I 714 Vk Vk Vk Vk Vk Vk 2 2 11 ift i m 3ft 4ft 3 Prior id Aiktd lid San Fernando Elec Mfg Co Santa Monica Bank Southwest Bank Southwest Leasing Corp Sovereign Corp Slang HydronialiK Starliltlnc Slatei Sunset Ind Inc Tetemalion Terminal Dalt Texlonelnc Translerra Exploration Corp TranslecCoro Triple Check Inc U.S. Equity Morlg Trust Vacu-DryCo Vagabond Hotels VaSAssodales Valley Gas Vtradyne Industries, Inc Veld Bind Inc VTNCorp Walker Scott Corp Weatherford(R.V.)Co Western CHgilal WestlandsBank WhanvOMfgCo Wise Real Estate Inv Z&Z Fashions Ltd Vk Vk Vk 4rt m 691 5ft 4Uj Vk 3 Vk Vk 49i 5 Sft I Vk Vk tVi m vk wi 9 9 1 IV 1 2ft 2ft 2 1ft Vk 1ft 1ft Vk Vk i L j 11 12 II 10 10W H Ift 1ft 1 Vk Vk Vk 2 Vk Vk 12 II 2ft 3Vi 2ft 2ft 3ft 2ft 3ft 4M 3ft 3ft Vk IV, 2 11 4'A 3ft 2 I yca r.zv.n ) 1 In mar with 26H p.p. rptum. f M Our (Inpnolal partnort htv con- aletontty don BETTER than that. J Wa hava room lor an additional I f llnanolal partnar In a unlt I praktat to b bum In N. Hlywd. 1 Call Mr. 8am Allman f f . Allman t Assoc. J Ws213t78-1434il-y mim, ON V.I.P. COS 1. 79 6.9- 4sm mm CSfMtM'OtJHHi'f CkV- mm tt niptini-tao,;4oo 9 '70 9eflC-WMSF. m w hwwb eee se aa Cietrrti, law KXa, sH(lJ.tl mm Mgri car. eaaitv Saw 71 niplatiiiaiat-IBaUStOO i -70 iRneFi-iesiisij " mmm mmm mm TtttmlJ.Satst, MMfimbAt mmm, tea, tajra. car, Unpw tOOO sttiiTintTsxll 79 Biiariaiiw-tmCO 1 '70 eenrc-i " t-wwwb mmm arte mm M,mmm,wajml9 I. rimni. lata Saw 79latii SZsVtaUW AT OUR PRICES. IT COULD IE THE BEST BUY EWORLD! WHEN OTHERS WONT WALTER'S WILLI v "V 1 41D u Slmplu Interest $100,000 minimum C.D.'s Term: six months to one year Limited availability Interest will be paid quarterly by check or can be accumulated. No broker's commission or fees. Federal regulations require a substantial interest penalty for early withdrawal. PROGRESSIVE ir SAVIbMCsS rill AND LOAN ASSOCIATION Aaielt ovsr $157,000,000 EXECUTIVE OFFICE: 2121 West Main Street, Alhambra 91801 Call Mrs. F. Ryblckl (213) 283-9424 or 289-9141 Don Selector. Offers Solutions! Solutions to a wide range of personal and business insurance needs. For instance, working with your accountant or attorney, he can design and implement programs that meet your special financial objectives. Programs for your retirement. Programs for your business. Programs that preserve your estate, save you money on taxes, and provide for the creative use of dividends. Results-oriented programs that benefit you today as well as tomorrow. So if you have an appreciation for professionalism, give him a call. And find out how life insurance can be a vital, contributing part of your total financial strategy. A Donald A. Zeladon H. BUD POSTIL Ins. Agency, Inc. 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