The Charlotte Observer from Charlotte, North Carolina • 24

ir 43 THE CITARLOTTE OBSERVER Frt Sept 12 1980 Business Financial 199-80 Prey High Low somi mow Celanese Subsidiary To Sell Wica Plant Ag 4 4 ''ii ''i'' A i 1 irik 1 1 10: A Business Briefly Ca Dealer Acquires Almost 10 Share oily Federal Southeast's Nonfarm Jobs Leap In -10 Years By DON BED WELL Observer Staff Writer Smith tole businessman and we welcome him as an investor" "If other people get that interested" Godwin said "the stock price will go up" Stock in NC Federal which converted in August 1979 from a mutual to a stock association and has 770000 shares outstanding was quoted at $950 bid Thursday on the over-the-counter market That's down from a high of $13 a share last year At Thursday's price the almost 77000 shares Smith acquired are worth about $730000 Smith would need special permission from the Federal Home Loan Bank Board which governs the activities of to acquire more than 999 percent of NC Federal's stock The board limits an investor to that amount until three years after an converts to stock ownership Smith confirmed his holdings are at the legal limit Warren Dunn the board's director of communications said Smith had not applied for permission to buy a larger share By DICK STILLEY Observer Staff Writer Charlotte auto dealer Bruton Smith has acquired just under 10 percent of NC Federal Savings and Loan Association a share worth nearly $750000 Smith who owns Town and Country Ford and is principal stockholder in Charlotte Motor Speedway would not say if he plans further acquisitions But he said he has no plans to seek a voice in NC Federal's management "I really believe banking insurance and savings and loans the capital markets are going to be lucrative during the '80s because the need for capital is going to be tremendous" Smith said "1 don't think that us poor folks are going to enjoy any cheap money for a long long time" Smith's holdings in NC Federal make him its largest shareholder according to Clark Godwin president of the Albemarle-based which has six offices in Charlotte Godwin said he is "happy that someone of that means has that much confidence in our company lie has been successful and an as Thanks largely to expansion of the banking and insurance industries nonfarm jobs in the Southeast since 1939 have grown faster than in the nation as a whole according to the US Bureau of Labor Statistics Nonfarm jobs grew by more than 330 percent between 1939 and 1979 reaching 143 million according to a study by the bureau's Atlanta office By comparison national nonfarm employment grew by 1925 percent to 895 million jobs The study points out that the financial sector which includes lending institutions insurance companies and real estate brokerages surged ahead of all other categories with a growth rate of 6893 percent as the Southeast became its own banker Despite its expansion the region's growth rate ranks third behind the Pacific Sottthwest which expanded by 4863 percent and the Southwest which had a 3499 percent expansion Within the region which includes the Carolinas Alabama Georgia Florida Kentucky Tennessee and Mississippi Florida left the other states far behind It posted a growth rate of 7655 percent and 34 million nonfarm jobs North Carolina's nonfarm employment grew 282 percent to 24 million from 623000 in 1939 South Carolina's nonfarm employment grew 280 percent to 12 million from 310000 A Celanese Corp subsidiary said Thursday it has agreed to sell three plants including its Wica Chemical plant in Charlotte to Union Oil Co of California A Union Oil spokesman in Los Angeles said the three plants which produce textile and paper emulsions are being purchased for $10 million He said Union will continue to operate them A spokesman at Celanese Plastics Specialties Co based in Chatham NJ said plants in Newark Calif and Bridgeview Ill also are included in the sale He declined to say how many employees work at the three plants although it is believed the Wica plant at 6100 Orr Rd in northeast Charlotte employs about 100 The spokesman read a company statement that said most workers "will either be offered positions with Union Oil or will join other Celanese operations" He said assistance will be offered to employees "who may be displaced as a result of this sale" Among those are 20 workers at a small emulsions facility at Belvidere NJ which is to be closed about Oct Wica employees would lose their jobs Just a month ago another Celanese subsidiary Fiber Industries Inc said it would discontinue production of fibers and yarns for carpeting manufacturing Dec 31 Fiber Industries its carpet fibers business hard hit by slumping auto and housing sales said about 485 employees could be affected at its plants in Salisbury Shelby and Greenville SC Celanese acquired the Wica plant in 1974 It was founded in 1948 as Wica Chemicals Inc with WC Caldwell as its head to manufacture textile chemicals that Caldwell and a partner began mixing in their backyard It went through other corporate owners including Ott Chemical Co of Muskegon Mich and Story Chemical Corp of Athens Ga before it became part of the Celanese organization Its present plant dates to 1951 Celanese Plastics and Specialties which employs 3900 in the United States produces engineering and polyethylene resins plastic piping systems automotive coatings and related product lines The subsidiary announced only in March that it would build a multimillion-dollar plant alongside its Celriver plant in Rock Hill to produce carbon fiber materials The parent Celanese Corp is a giant petrochemical fibers and plastics firm with 45000 employees around the world including 1500 in Charlotte and 12500 in the Carolinas 43'4 271 23 1112 24 12' 7 12 a 7 39 2434 1934 262 17' 2 8' a 36113 17 514 341 34'4 18 44 24 141 II 7 3 57 26's 39 a 292 26 IS S' 2 48 'A 27'2 21' 4 16' 72 134 1 80 582 101 7512 85 59' 742 54 14 2 53 18 13 30's 21 364 23 16 a 6's 24's 162 35 22513 37'4 254 8 2 332 174 28 192 37 16 21 5634 37 21's 15'2 111a 12'2 1934 111t 61 36' 14'4 10 Ms 1834 37' 7 2234 1114 701 48113 48 4 201e 59 2 354 762 47 32i 164 52 28 33 '2 29's 13 6'4 5 2 19 14 19 12 88' 58'4 31 21 44 29 4712 26 16 13 394 27'4 21'4 234 8 4'4 38 2056 24 2 14 20 154 38s 254 12 384 24's 34' 8 3314 20 154 241 1614 18 11 24 2 142 372 21 42' 26's Ira 6 54 24-s 91 45s S4's 391 306 15'4 19'6 689 4429 10 512 347 20 584 381 564 45 60'e 48 45-2 3034 404 312 10'4 10 19 13 12' 2 29 16 18 ll'A 28 182 34 194 472 33 304 18 284 14's 92 4 28 a 14 48 2 304 36 15 18's 134 26 18 6 12's 512 31 24'4 4529 132 23 21 28 18 172 SI 27'4 15 18 r'2 302 192 395s 21 814 2513 19 10's 6''s 3317 21 42 2 3314 22 4254 28 23'4 14 18's 12 24 114 33 16'4 17 94 267 1814 58 i 23 424 25 46's 364 26' a 165s 23 1514 19 14's 50' 7 42 355'4238 44 34 262 112' 24'4 la' 2 354 21's 51'4 322 2911 184 59 3834 74 492 24 15' 39' 19's 50' 4 3118 34'a 17 Top Of The Ticker 1 THE STOCK market staged a broad-based but modest advance in fairly active trading Thursday The Dow Jones industrial average finished with a gain of 282 at 94130 China Agrees To Hold Down Its Textile Exports To US The sale has been rumored among employees at the Wica plant for weeks but Thursday's confirmation was the first from Celanese Celanese officials declined to say whether any The Nation NC New Car Registrations 45 Below July-August '79 and synthetics for the years 1980 1981 and 1982 The restrictions are highly important to US manufacturers (including many in the Carolinas) who fear that too many imports will hold down their prices and sales Similar agreements are regularly negotiated with other low-wage areas by the United States and other nations seeking to protect business and jobs at home Failure to reach an agreement with China led the United States to impose its own limits last May on cotton gloves shirts and trousers and sweaters made of synthetic fibers Bowen said the same items are covered in the agreement but that the amounts to be imported by this country will be larger From Associated Press Reports WASHINGTON China and the United States have initialed an agreement to hold down Chinese textile exports to this country ending a long series of negotiations the office of US Trade Representative Reubin Askew announced Thursday The initialing was done by Donald McConville head of the textiles division at the State Department and Jianmo Huang second secretary at the Chinese Embassy in Washington John Bowen who also deals with textiles at the State Department said more details will be released when the agreement is made formal by an exchange of letters probably in about a week The accord covers shipments of Chinese clothing made of cotton wool THE DOMESTIC MONETARY Policy subcommittee of the House Banking Committee set a target growth for the nation's money supply of 25 percent to 35 percent by 1984 and voted to transfer the Federal Open Market Committee's authority to establish basic monetary policy to the Federal Reserve Board NATIONAL STUDENT MARKETING CORP stockholders approved the sale of the company's insurance and school bus properties and adopted a plan for liquidating the trouble-plagued company NSM a fast-growth stock in the late 1960s was the focus of a 1972 stock fraud suit by the Securities and Exchange Commission that resulted in the imprisonment of its founder Cortes Randall COCA-COLA CO Atlanta said its third quarter net income is expected to be below the year-earlier level because of "disappointing" foreign sales in July and August Statewide the picture was the same with 23800 registrations for the two months 45 percent below the total of 43135 for July and August 1979 New car registrations for Mecklenburg County were 46 percent lower in July and August compared with the same period a year ago according to the NC Automobile Dealers Association Indicative of continuing problems in the auto industry only 2551 new car registrations were reported for the period compared with 4778 in July and August 1979 The figures are compiled by the NC Motor Vehicle Division The two months were combined because a computer change produced incomplete fig ures for July The Carolinas AMEX Options 2'4 1-16 184888104M12181141818421-644444418111111181111 I enno 30 12 IJ 4'J Tennro 35 8 a a 43 Term() 40 3 434 VI 43 TPrIC0 14 40 1'14 a 43 Termco 3 3 3 3 3 3 3 3 54 23F I 4 731 3 23t 3 'P 2359 SEN JESSE HELMS will take over for ailing former Sen Sam Ervin as speaker at the Greater Charlotte Chamber of Commerce's luncheon honoring elected officials The date of the noon luncheon to be held at the Civic Center has been changed from Oct 2 to Oct 7 l'R 3s 15-16 15-16 2 a 13-16 1' 6 1 a I a 4 5 3e a 161 16'A 254 25s 43's 43'e 43's 43's 15 20 25 30 40 40 45 45 4 2 2 l'a Vs 20 4's 20 2 a 25 1 5-16 25 2 3 40 8 a 45 I 42 50 1 3-16 2 25 ra a 30 'a 6 20 11a 112 25 61 7 30 2'a 4 El Pas El Pas El Pas El Pas 0 Grace Grace Grace La Pac La Pac MGIC MGIC MGIC a 473 a 4734 3 474 a 27 a 27 31 7 31 4 '4 31 26 2P1 261 266 211 28 '2 28 2 28' 281 11 1114 Nort Nor 5 Penney Penney PP Phi Pt PruiPt 0 PnilPt PhIP P0113t Searle Searle Searle Searle SirnPal Sim Pat Steno St er to Steno Steno a 70 13 70 3'2 80 80 8 A 25 13 30 8 8 35 4- AO Fa 20 7 20 a 25 3 25 1 30 1 3-16 30 4 35 5-16 so 4'a SS 14 60 a 70 a 25 '2 10 4 2 16 "a 16's 18 2 5 1 6'4 11 2 12' 2 9 10 a 9 4 a a a 3 A 816 '6 514 14 2 1-16 2 7-16 336 4 A 42 52 a 3 a a 3-16 '2 13-16 1 A 4 Ca 1 7-16 1 7838 783'9 788 788 388 388 388 268 264 268 268 268 268 268 53 8 S3'8 53't 53 24 142 144 A A ASA A A ASA Avnet Avnet Aynet Avnet Boy Boo Batty Batty A Bey Bally Bally Caterp Caterp Catprp Calory Con Ed Dr Pep Dr PeD Dig Ea Dig Ea Dg Eo Dg Eq Dg Eo Dg Eo Dq Eo DD Ea Disney Disney DIsney Disney Disney du Pnt du Pat du Pit du Pnt du Pnt yy Pnt du Pnt du PO Tigec Tiger Tiger 0 Tiger Tosco Tosco Tosco Tosco Zenith Zenith Zenith 20 a 516 2S 21p 3-s a 25 5 1 a 30 1 a 25 a a 2S a a 30 1-16 32 30 2 11-16 a a 35 's 10 1 a 15 3 3 4 4 2 20 'P115-16 2 7-16 15 36 36 1 14 2 60 23'6 a 83a 60 a '2 836 70 1436 a 19 A 833a 70 5-16 1 2 7 8336 80 63t 9 A 118 8334 80 2 3-16 4 6 836 90 I 9-16 CA 64 833s 90 7 2 a 11 836 45 4 6 7 A 45 11-16 I 7-16 a 473A 50 I 1-16 3 A 436 47IA 50 2 1316 a 47' 60 a '6 1 1-1 473A 30 IS a 44A 35 a 10 6 443 35 a 5-16 4434 40 536 44'A 40 A 1 45 I's 3 3 443A 45 l'a 3 44J SO a 1 SO 5 1 a 4414 50 514 a a 4414 4re 43'e 436 254 25 25 25 10 50 11-16 2 55 4 60 1-16 70 5 A 6 a I3A 7'4 75 'A a 30 114 15-16 10 6 2' a '6 Bottom Line 6 2 a a a a 2 a a 30 232 30 22 30 a 30 38 2 a 38 2 a 38 a 38 6 382 ND 25 a -41 Dist 30 1 5-16 2316 Disl 30 a 2' Ds1 35 a Semi 25 13'9 a Semi 30 a 1 Semi 35 5'8 a Semi 35 1 11-16 a Semi 40 3 a 10 23R 23'a 23v 235n 1-16 8a a 3'a 4 1 9-16 a I 1-16 a 4 1-16 -16 15 15 20 25 25 Total volume 928SS Open interest 18d92811 traded offered Texfi Industries Inc Greensboro reported a net loss of $2190 million ($616 a share) for the nine months ended Aug 1 compared with a net loss of $952000 (19 cents a share) for the same period last year What They're Saying ARDOPEMN StI tIll 0 Ends Saturday at 5:00 pm "Since many consumers are able to delay purchases of new automobiles there is no guarantee that the import restrictions would immediately induce large numbers of buyers to switch from imports to domestic products" The US International Trade Commission in an interim report on its investigation into allegations that US automakers have been hurt by imports Option 4 price Sep Dec Mar Close Amax 45 a 7 2 9 50 Amax 45 a a l'2 50 Amax 50 15-16 4 6 2 50 Amax 50 'a 3 a 50 4 Arra 60 a I 5-16 2 9-16 50'4 Asarco 75 243 25 503x Asarco 30 20 a 21 21 501 Asarco 35 15 16 a 17 503a Asarco ei 35 1-16 '2 50t Asarco 40 10 12 a 1334 5038 Asarco 6 40 1-16 I 5-16 5048 Asarco 45 514 9 10118 5014 Asarco 45 73-16 3 50'R Asarco 50 2 6 To Asarco 50 Da 4 411a 50x8 Asarco 60 1-16 50141 Beat 70 11 134 2 5-16 21 Beat 255 31 13-16 211 BoinFer 70 411 a 24 BoonFer 0 20 a 15-16 24 BwriFer 25 118 a 24 BocyEr 20 3' 3 2 2118 BueyEr 20 3'2 1 21'a buryEr 25 'a 12 2l'a Chase 40 414 a 431 Chase 40 a '18 1 9-16 43" Chase 45 1 118 23a 433 Chase 45 13-a a 31s 433 Coasta 20 121a 13 14 2 3314 Coasta 20 a a a 33I8 Coasta 25 8 2 9e a 33Is Coasta 25 a 1'a 13-16 331a Coasla 30 3 2 5 2 33IR Coasia 0 10 8 I'm 7 1-16 33a Coasta 35 11-16 3 4 331e Coasta 35 7 3 a 331'8 Deeree 30 8 8 a 38 a Da8re 35 3 a 4 4'8 38 8 Deere 40 a 1 I '4 38 a let 75 a l'p 2 261 Tel 30 a 3-16 7-16 25 4 8 5 a 7918 GI et 30 2 9-16 29'a Hercul IS 5 a a 20 Hercul 70 '8 1 2 20 8aneto 30 4 a 37 enneb 0 30 1 a 371a keel) 35 2 3 37 Keel) 35 3 a 37 Mar01 50 9 10 2 a 59 4 Mar01 60 15-16 4 i 6's 59 4 Mar01 0 60 11 31 a 59' I Martli 70 a I 3 59 a I 70 4 a 5 23 a 1 a 20 a 23' 75 P8 2 2 23 a Nalomas 40 16 'a a a 5611s Nwomas 40 1-16 a a 56e Nalomas 45 12 11 a 56's Natoroas 45 a 916 15-16 568 Natomas 50 6 9 a 568 Natomas to 50 1-16 1 516 a 561a Nalomas 60 16 4 8 6 5618 Natomas 60 31 5 a 614 561 Phier 35 I 8 aa 424 WIex 40 3 4 a 471 PflPr 45 1 a I 2'o 424 PP Mor 40 a 4'11 5 42's PP Mor 40 1316 a 42' Mr 4s 3-16 1 1116 la 421a Ph mAr 4S 7 2 a 412a Ph Mr 50 1 42't Pr)rneC 2S IS a 40'm PornoC 0 2 a a 7-16 40ss PrimeC 30 10 8 11 17 407It PnrneC 6 30 a 1 3-16 408 PnrnmeC 15 5'8 7 9 408 PrirneC to 35 1-16 lt 7' 401 ProreC 40 47m 57 401 PnrneC 40 4 401 elnd 50 a ita 60 'T Plod CO I 3-16 Si 6' 60 0 CO a 60' a si eind 0 a 1 1S 16 60 4 (a 60 13 14 774 Ca 10 1 6 124 7 Ca 10 7 16 2'a 33' 12 (4 CO 1 16 1A 3 71 (I 0 40 a Ca 90 a a 1'4 214 7 Orb 4S 5'4 7 a a 4914 ()Oh 15 a )S 16 Po 4e ooti 50 1 3 16 4 4 a 49 oon 6 CO 37a 49 QOr CO a I 2 49 1 moor 20 5 6 a 144 moor a i6 744 moor 2 II 16 3 24 a is 1116 2 a 4 vairo 20 8 9 2 18 VellOrG Pi 3 5 6 781 Valtrr) 75 116 'a I Valero 30 5 16 2 a 34 7841 v4i40 6 10 2 a '3 34 29 Wh110 JO 7 3'4 10 011104 30 7 A J'A Ju A Names Changes Reg $649 Complete selection of all types of woodstoves 27 models and 16 manufacturers' lines All in stock and all on sale Register for a FREE woodstove of your choice and 20 prizes Drawing 4:30 pm Saturday Cash 60 days 2 year financing available SCHAFFER FIREPLACE INSERT i teats up to 2000 sq It i9 Save $150! Sat only 499 NOT PICItRED 111111 Complete selection of all types of woodstoves 2 7 models and 16 manufacturers' lines All in stock and all on sale rt) 3Sst i Register for a FREE woodstove of your choice and 20 prizes Drawing 4:30 pm Saturday A 5 Cash 60 days 2 year financing available --4( i 04 IC SCHAFFER FIREPLACE INSERT i teats up to2000 sq It Reg $6i9 Save '150! Sat only S499 NOT PR I 1 RED III RE tC'kt) IIV: i t': r7 1'71411 i '4'1--- A -----m 1 Zf7 -b '-c-'1-: -rs' sZ Vs '''t 2'8 l'8 15's 78 37's 27'8 2418 1211 868 231 69 3514 27'8 19 39 1 19 2411 18118 46 34'd 43 19'8 21 14'4 31'1 1514 444 23 40's 261 1518 1018 291) 20'd 24'd 20'd 50'8 35's 27 19's 46'8 31 1618 718 64 43's 194 108 284 14's 2718 16 39'4 15'4 rs 14 59 7 23' 7 504 35'8 104 38 274 198 10' 4 62 334 211 24 2 16'1 4714 3441 36' 8 2354 39'4 2614 704 8' 50 29 38'4 117 74 54 2941 174 15 7' 2 10'2 147 21 55 37'8 45 4 35 31 4 174 43'8 74' 45 a 33' 75 161 191s 3 614 3 79 8 15' 27 2 19 63 36') 33 111 171 2414 171 77 24' 74 1 13') IT a 14') 311 22' 37's 231 S'A VI 4014 32 47's 22 77'e 19)) 42's 29 5'e 2' 74 a 18' 10s 8 13 4 10 12 5" 78'o 701 48 8 301 51 37 38 7 25' )7 171 74 a 181 J3 19' 33 14 36 21 )4 IT 151 101 30 27' 35'4 171 23's 151 6 41 191 17' 1311 71 181 14 JO 17 37's 201 23'd 14 45'e 33 Ts 51 80'o 441 40 251 4 Si a 60 1510 10 29 4 10 SI' 7 SS 42 3 29 II 4 17' 6 18 '4 II 8 76 i 18' 13 101)' 77 '4 10 16 7 411' 39 1110 11 0 19 744i 4 0 1 A4 ff 1 1 107:4: NC stf0 i''' 1 ftY i'041 1 1 4 41 4 4''t 0 fr like 't I i NV 1 't 1 1 i 1 4 2 1it 4e4: a tt- lem '-9irz-' ok 4 ''''k)4 Li3 eiIll e' Caldwell Garwood Kistler i- :::6 i li 4'7 ''''ft ry t' 'r 4 eq 314 we 4 kl gr A me I 3 'fr'' '''''''''4 i 14: --1 1) -N ri z- 1" On Pn 0 Fst Ch 10 11 ID 2 204 Fat Ch 15 534 5r 6 203 Fs Ch 20 11-4 22 3's 204 Goodyr 15 15 2 2 11-16 16-11 Goodvr 15 a 7-16 a 16-m Goodvr 20 's a 11-16 161A Grevhd 15 II16 In 143 Grevhd 7 '13 1110 14" Grevhd 20 116 a 2 141 Grevhd 20 a 5 a 14'4 Gulf 0 35 6 64 40" Gulf 35 Is a 411'4 Gulf 0 40 2 31s 4's 40' Gulf 0 40 2 3-16 2' 40" Guilt 0 45 11-16 I's 2M 40 GO 0 45 a Si 6 40 Gulf 0 50 1a 1 1 40' 20 a 1 19 Hutton 30 13 14 a 43 Hoilon 30 1-16 a 43 Hutton 35 8 10 31 43 Hutton 35 5-16 1 7 43 a Audon 40 1 ft 8m 43 Hutton 40 21 3 43 4 Ltily SO 2 4 51 50Ts LrY 60 1 Sa 50's Mem 20 13 1314 331-e 1Merri a 20 116 3-16 33Ts Merri 25 8'2 9 9 33I's Merri a 25 aa 33M Merri 30 4 A 5113 514 331-e Mem 30 7-16 1 2 1 15-16 33Ia Merri 35 2 11-16 3'A 331 Merr 35 3" 4 331m MesaPt 25 a 32 SSIA MesaPt 30 a 21 2 5554 MesaPt 30 1-16 3-16 551 MesaP1 35 20 23 55" MesaPt 112 35 1-16 -a Sa1 MesaPt 40 16 a 551 MesaP1 40 '4 '7 1 1-1 5 Me6aPt 45 1114 14 55' MesaPt IS -I6 I's MesaPt 50 la 10 124 55' 50 1 3-16 21s 3'4 55' MesaPt 60 1 6 8's 5S1 MesaPt 60 a Sim Moira 50 9 11' a 59 sO a 1 a 59 Motrla 60 4 a c9 Motria 60 3 4 9 S9- Pheids 10 9'6 4 10 39a Para 35 5 6 1 39 a Phelps 35 1-16 a a 39' Pheias 40 2516 3I 4's 395s Phelps 40 2's a a 39 PholpS 4S Pheios 50 VIA 3911 Pro( 70 8 a a 76'o Pro( fl 2' 4 16 a Pro( 80 3'4' a a 16' iS a 12 41 40 a a 41 45 3 3i a aP7 I 50 '4 I )'14 47 7 Tandy 25 a 1-16 16 a Tandy 45 a 16- 1 andy 39 rOt la a Tandy 6 3S 1 16 a a 6 Tandy 40 35'4 a lh TrAy a 40 1-16 5'16 6 4 Tandy 4 31 4 JI 22 IA A Tandy as A 6 Tandy 50 77 8 6 a TaNly 50 I I A 6 TArldv 60 16- 111 19'4 16 landy a 60 1 16 1 1 16 Tandy 10 8 It 13 16 IandY a 10 2'a 4 6 16 6 Tandy 81) 6 8 16 Tandy 80 10 A 16 Texao 30 714 31'4 35 3 4's 51 3 Te4at 0 35 7-16 1 I 37'4 Texaco 40 9-16 1 1116 2'm 33 Toner) 40 3 3's a 3 Corti 40 611s 1' 448 (art' 40 a a 's 44 Cart) 45 2 3 44 44's (wa a 45 IIs 2 a 44's Cara SO 'a IM 2 a 44r Carta SO a a 6 a 441 St 10 3 3 li 72 Li St 20 3-16 a 5 51 25 16 1 4'16 2 22 St 25 a a 22' Vari Ln 15 a 6 A 20 Oif Fl Lr 10 1 a 2 1 20 Wf0 1T) 7'1 20 OA I '5 a 4' a 70 0AvIr 1 lia APvng a 0 1 16 'a 21-s cINJ 2' 2 1 21 a 6 15 16 a 2 311resing 30 '1111-16 211 esn1y 10 3't a Nov Feb May A 15 1 I a I A 1 21 A SA 1 16 I A A 15 42 44 11 4 A A I9 38' 9 A A IA a fp A A 45 330 13 A A 45 1 IB I a 4 Or A A SO AA 29 3114 8 A A SO 10 A A 60 19'o 27 73 a '6 A 1 A 40 I 1 J4 f1 PIMMI SA UP TO $150! twvo 7 "7 '367 -t' 3 6 66 tt I 3r0141g 'i i' i '4 efr'1444-4P 4 i''''''si ''4'4' 41 't '--P i -4 rs i )4 i 44 liv '01 PI 1 qt iloes 1vo ftl NEW WOOD FURNACE replace or add to your present central I 1 heat system I 'eats up to 3000 sq ft Wall t7 mounted temperature ccntrol option Reg $875 Sat only 775 It: '''i IL I 11: 1t '1 ----4- 31HE woobsilliE a i '4i---i1)r t1t3 rk-si ''''--t4 InEpuicE GALLERY -77 'It 't sac A t- ii- rl 1 'mnIz 1 I t7l4 lily -t 1-- 1 si 1 --3 I ol IN l' 4 P4441 I 5 -oc 0 '''''''444 '-'4 rt 'A 0 'v Iet s1 it 62A0 Sherrill lianner Morgan Kenneth "Buddy" Caldwell 31 promoted to loan administration officer at Piedmont Bank Trust Co Davidson Miriam "Barbara" Garwood 56 promoted to assistant vice president Vicki Kistler 30 promoted to assistant vice president and manager of the CorneliusLake Norman branch Frances Sherrill 57 named assistant cashier and loan officer at the Huntersville branch Walter Jefferson 32 Peat Marwick Mitchell Co named outstanding member of the year of the National Association of Accountant's Charlotte chapter John Allen 27 named division manager of Metro-Temps Charlotte James Burkart 33 joined Interstate Securities Charlotte as a securities analyst Ronald Smith 30 promoted to executive vice president at Pennington Associates Inc Raleigh Roscoe lianner 46 appointed chief of the Small Business Adminstration's portfolio management division Charlotte Jack Morgan 32 opened a real estate appraisal business at Suite 2320 First Union Plaza Charlotte Henry Scott i I I 41: 4 twk iriii 001i4r JO 6 A a 30 A Oct Jan Apr APIA4 10 11 a 37' APIne 0 30 a 816 66 3' Aolna 3S l't 30 3'o Th AdInd 0 15 In 1' a 12A AAIA0 40 '4 1S-16 1 31 AI 402 1316 3 174 Am 70 a 8 8 Am (va 25 34 4 a 5 Am (NA 25 15-16 16 iB Am Cva 30 2 2 11-16 7B Am Cv 0 10 2 3' A 3 lia Itl (VA 355 S-16 'A i i 28 Am (vl 0 3S 8 a AM Ve 40 11 Am 10 5' A A tr IS 2 A 15 4 41 ill 4 4 l' A A olAT! II) I 1 10 nt 140M 1 1 16 16 A 10 A 3'l 6 i101 In 40 20 19'A 6 tAt to 10 A 6 It '14A1 4' ti A 16 A 00t 0 6 4' A IA A 6 00 IU II 17 A tp A a A 6 rrJ a 0h Os 6 -la1m 60 i A 1 A' 60 a i 'a 14t4 ri 60 0 I 7 Al 1 401 in 4 6 Al 3 Joe 0 0 4 A A Ai i 11 Irol- an IA A A 6la 4 90 1 la A 6 Al Smnb 090411 (10 I 4751 South Boulevard across from Zayre Dept Store Phone 525-5287 8.