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The Buffalo News from Buffalo, New York • 44

Publication:
The Buffalo Newsi
Location:
Buffalo, New York
Issue Date:
Page:
44
Extracted Article Text (OCR)

Page 12 The Buffalo NewsThu'rsday August 31 1989 Business People Dunn Geoscience Corp an environmental engi neering and consulting firm has named John Berry administrative vice president and office man ager for its Western New York office at 495 Com merce Drive Amherst Berry is a graduate of the University at Buffalo Grimm Construction Corp 243 Manhattan Ave has appointed Ed Kosmoski Jr vice president of operations He previously was facilities manager for Barrister Information Systems Corp of Buffalo The Canisius College MBA Alumni Association has elected Wallace Ochterski president He is vice president and chief financial officer of Trautman Associates Other officers are: vice president Maria Leone treasurer Bruce Kloc and secretary Jack Amico Alfred A Dunn Stephen Jackson Jacque line A Elias and Victor Rutecki were named to the board of directors Goldome Bank has named Thomas O'Donnell a vice president in its corporate resources group He acts as legal counsel for the bank and is a graduate of Niagara University and the University at Buffalo Law School He lives in Niagara alls Citicorp Global Payment Products a CiticorpCi tibank company at 4224 Ridge Lea Road Amherst has promoted Lynne Sanfillipo and Lorraine Sharpe to department heads in the accounting area The company also appointed David Ehrke accounting manager in the financial control department named Sandra Hughes project analyst of new product deliv ery and appointed Mageed Khawam director of the electronic funds transfer department Mesch Engineering 285 Market St Lockport has announced the addition of two staff engineers Craig Rosczypala has joined the mechanical engineering department he is a graduate of the Uni versity at Buffalo and redonia State College Timo lab Berry Kosmoski Ochterski thy Zuch has joined the CAD department he is a graduate of Buffalo State College Vision Control Associates a video and film pro duction company at 225 Ansley Court West Seneca has named Michael Heffley vice president and ima geering director He is a graduate of Clarkson Uni versity and previously worked for New York Tele phone Co Lathan Lumsden McCormick Co an account ing firm with offices in Buffalo and Lockport has appointed John Schiavone auditing and account ing services manager He previously was employed by Price Waterhouse Co He is a graduate of Du quesne University Key Bank of Western New York has elected Mark Evanco assistant vice president He joined the bank in 1986 and currently serves as assistant invest ment portfolio manager He was graduated from the University at Buffalo The bank also elected Maria Borowski an assistant cashier She supervises the loan operations area and is a graduate of Buffalo State College NASDAQ National Market NEW YORK (AP) NASDAQ National Market trades lor Wed A A Bd ADC 15 ADT 32 AEP 202 ALC 3 ASK 10 AST 7 Acadln 1 AcmeSl 05e 19 AdARt I 16 Acxiom AdacLb16 4l 16 Adapt 14 'n Adingl 20 AdiaSv 14 26 AdobeS $14i 25 AdMkSv AdvPolv 6 AdvSem 1 AdvTel 25 Advanla 9 'a AdvoSy 9 AfIBcCp J2 6 AfIBsh AgncvR I 16 IV Agnico 820 1 16 AirMd 7 AirWisc 14 Vb Airtran 16 9' AlcoHlt 27 Aldus 13 AlexBr 16 14 AlexBId 80 37 Alico 20 35 AlegW Allint I 40 AlianPft 12 Allwast 22 Altera 7 Altos 6 ATxE 170 15 AWAirl 12'4 ABnkr 50 12 AmCity 14 AGreet 66 28 '4 AMS 12 ANtlns 148 36 AmPac APwC 'A ASvWA 20 28 ASofl 38 18 AmStl ATvCm 49 AWstCp 10r 11 AmtBk 8 Ameritr 128 27 Amgen AmskBk 30! 7 AmsHcn 14 Amvst 20 7 Antogic 9 'A Analy 38 18 Anangel 50e 16'A AnchSv 3 Andrew 24 ApogEn 20 AppteC 40 44 ABiosci 26 ApIdBiO 29 24 AptdP 12 21 Archive Arbor 16 22'4 ArgoGp 25e 64 Arilch 16 ARIX 4V 4 Armor 64 20 Ashton 12' Assix AsCmA AsCmB 37 AsdNG 17 Astec 14 4 Atkinsn 48 15 AltSeAr 14 191'4 Atwood 73e 39 Autodk l50e 381 Avnlek 6 Avndle 92 18 8 72 22 BH Bulk275e 6 4 BHA BHA BMA 120 36 BMC Sit 22 BTU Ini 7'4 '4 Baked 06 19 '4 Balard 18 Baliek 15 12 BncPnc 160 39 BnPop 80 24 BcoHw $156 60 Banctec 17 BkSou 48 12 BkWorc 1 Banta 52 24'4 Barris 10 Bset 1 1 BayVw 30e 24 BavBks 180 39'4 BeauC s05i 17 4 Beebas 20 13 BeniSv 5 Berkley 40 BellLb 188 Big 16 13 'BiMedc 17 Biogen 13 'Biomet BIckD 64b 35 60 13 rnksl 52 14 BoaiBn 212 38 DBA 13'4 remnt 80 15 BobEvn J6b Sou 19 uIrHB 58 26 '4 15 DHTch 11 Bohema 20 24 '4 DS Bncl60a 21 Sv 14 18 BonvlP 10 DSC 14 GBC Bc3le 21 BostBc 60 DaisvSy 3 GV Med 10 BstnB 72 12 DalSem 8 4 Galileo 7 Brand 26'4 '4 DartGp 13 95 GamaB BrnfdSv 60 11 '4 Ota IO 4 Gantos 29 Brunos 12 12 DtSwtch 3 Gatwyn 64 Buffet 17 Datscp 29 14 '4 BuildT 10 Dauphn 136b GnBnd $40 38 Bumps '4 Genetin BurrBr 9 DebShp 20 16 Genlyte 13 '4 ButlrMI 20e 24 '4 DeklbE 151 32 Genus 8 DklbGn 30e 30 Genzvm COR 14 Delchm 36 28 Geraght 11 CEMs 9 DellCpt '4 GrmSv 14 CMS En 3 5 16 DeoGty 152 31 GibsnG 34 26 CTEC 22 '4 Devon 16 GilbtAs 80 27 'A CVN lOe Diagnsl 9 Goodmk 17 CdbvS 170e 65'4 Dibrel 68 26 GoutdP 76 22 Cadence 16 Diceon 6 Gradco 17 1 Calgon $24 '4 DigMic 26 '4 Grphln 07 8 CalBio 6 Dionex 21 '4 GrphSc 11 CalMic 10 DixieYr 68 19 GACm 02e 10 Cambrx 16 DlrGnl 20 12'4 '4 GCIryB 110 17 '4 CamBS 9 DomBk 80 22 GlNYSv 48 11'4 Camp 40 15 DrchH 10 Green 40e 33 Canonl 38r 60 1'4 DresB 16 GrnRhb 8 '4 Canonie 18 '4 Drexlr 9 GrnwPh CaoAsc 'a DreyGr 32 GrevAd 260 154 CapBcp 6 DrugE '4 Grosmn 7 CrdnlD 08b 25'4 DunkDn 40 411 Grdwtr CarlCm l47e Duramd 7 Gtech 15 Durhm 92 32'4 Caringtn 32 18 '4 HBO 30 12 Cascde s60a Duril 24 19 HMSS 37 18 4 Dvcom 14 HamOil 10 33 '4 Caseys Ovnscn 8 Hanvln 44 28 CaslMle 5 DvtchC 20' HrdgA 17'4 Celgene 8 Harlevs 60 22 'A CeilCm 39 ECI Tel 9 '4 HarpGp 10e '4 Centrbk 80 II 1 EMCON 22 HrlfdSt 160 52'4 Centex 18 ERC En 9 HlthCo 9 Centcor 17 '4 EascoT 7 Hllhco CnBsh 77 16'4 Easlln 30e 8 '4 HllsthR 16 ClrCOo 8 Egghead 10' Heartd 40 CidBk 124 33 '4 ElPas 38i 8 HchgA 16 16 CJerBc 90 24'4 '4 Elan 13 Heekin 36 CnSprn 22 ElcScI HelenT 20 Cerner 14 EluxAB 147e HenlyA 63 Cetus 15 50 HrfgBc JO 9 Chanln 10 let mg 7 Hiber 92 24'4 '4 ChrmSh 12 17 EmCas 90 '4 Hickam 12 ChtOne 48 19 Emulex 8 HighlSu 5 '4 ChkPt 9'4 Encore 29 16 Hilox 10'4 Chemex 2V EClay 104e 21 Hogan 6 ChevSfl 9 EqlBcp 104 37'4 4 HmCty 96 23 ChipsTc 22 EqlOil 05e 4 '4 HmBen 120 35 '4 Chiron 22 '4 EricTI 133e 122 1 Hmelnl 4 1 16 Chronr 4 EvnSut 23 HmeSav 150 ChrDwt 28 14 Everex 12 19' Clmcos 11' 22' HORL 16' '4 Cinnn 216 76'' EXTON 4' HmSB pf612 14 Cinlas 17 Honlnd 48 27l Cipher 77 HP Honlnd 02e 8 CHUI A 46'4 LS pf 4334 1'4 HospSI CfzUl B154 abric 16 12 HBNJ 60 16' ClvNC 64b 31 '4 rmHm 511 13' HuntJB 24 20'4 '4 Clarcor 100 35' aslnl 2934 HuntB 74b 21' CleanH 17 '4 idTn 60 25 Hurco 18 Cloth 11 dlndi '4 HutchT '4 Coast 14'4 ifthT 132 56 HI CobeLb 22 'A iggieA 120a IDB Cm 'A CocaBII 88 2734 76 3' IR 30 13 CodeAl 18' ileNel 11 INB inl20 32' Cognos 6 inNws 'A ImgIm 14 'A Cohernl 1634 inigan 15 'A Imunex 14 Colagen 19 AlaBk 84 18' Imunmd 4 CoIBcp 20 11 stAm 220 52 ImprBc 37e 25 ColnGp 40 15 IABcp 301 3 Imreg 2 'A ColLle 56 1934 tAn 70 34' 'A Inacmp 10 ColoNI 15e 20 tATn 125 25 'A IndBcp 116 25' Colorcs 914 I BOh 145 34 IndxTc 10'A Colst 17'4 fChaf 32 21 IndRes 6 Comair 32 143 iConst 45 Infotch 634 Comcst 16 28 tEstn 1 34 Infrmx 8 Cmcsp 16 27 tEsex 32 8'4 InfoRes 11 Comeric 240 fExec 12 IngIMkt 22 9 57 'A Ex pfE220e 19 Inmac 10 5 '4 CmBsh s64 27 Ex pf288 24 4 Inspch 11 CmClr 140 53 34 Ex pfG156 16 Inslgp 7 CmtTek 60 21'4 tdMic 60 20'4 Instfr 7 CmprsL 114 '4 tM 60 26'4 ICP 2 l6 Cmpch 12'4 '4 dLen 10e 14'4 Integon 12 5 Comshr 32 lnCp 64b 19'4 '4 Integn 116 28 Cncpll 13 'A InMg 10b IntgDv ConcCm 441 16 Intel 30'4 Connghf 23 IIBk 96 33'4 '4 Intel wt 13 ConrPr ll '4 lHaw 140 47'41! 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5 '4 Sequent Magnal 48 '4 OnePrc 1734 SvOak 7'4 4 MaiRI 13 '4 OndgSv I2e 13'4 ShrMed 84 16'4 Mallard 5 OpficR 1934 Shorwd MglSci 10 Oracle 18 4 Shwscn II '4 Manllw la 24 Orbit 14 SieraOn 13 MfrsNt 216 574 '4 OregMI 172e SigmAI 36 51'4 Marbn 48 8 25 SigmD 1434 Marcus 28 18 OrfaCp 1 11 32 1 32 SilcnGr 204 Market 23 4 OshBA s32 35 SilicnVI 8'4 MrshSu 32a 19 OshkT 850 12'4 '4 SlkGrn 24'4 1'4 Marshl 108 37'4 Osmnc Simoln s56 124 '4 MartnL 11 OttrTP 152 224 '4 Sizler 204 Mascol 8 Skipper 10 9' Maxim 8'4 PACE 15 '4 Smlh 134 '4 Maxtor 10'4 PCS 174 Society 160 4 McCaw 38'4 Pacar la 50'4 SoctySv 60b 2P McCr 72 40 PacDunl 49 Soffsel 7'4 MedcC S04 164 '4 SllwPb 24'4 MedCre 224 '4 Pacsf 50 244 '4 Soflwrx 9 MedShp IOe 30'4 PacNuc '4 SoftSv '4 Medsln PTelcm 104 26 4 SomBks 28 84 Melami I8e 13 '4 PacifCr 48'4 SonocPd 84 38 '4 Mentor 16 11 Pantera 24 '4 SoundA 9 MentGs20 17 Pallex 9'4 SCarNt 72 26 '4 MercBc 140 28'4 4 Pavchx 12 SthnNt $40 14 MercBk 140 52 PenV 180a 47'4 Soutrst 96b 2434 MrchNI 1 304 PenaEn 220 4 SovBcp 10 194 MercGn 40 16'4 Pentair 80 32' '4 SprIMt 05e 4'4 '4 MrdnBc 110 23' Pentch 5 5 16 1 16 Specs 7 Meritr 3 15 16 1 16 Penwsl 24'4 Spiegel 20a 19 '4 MervG I 17'4 1'4 PeopCT 72 9' '4 StafBId 4 Metcalf 24 PeopHrt 92 19 '4 StdMic 5 MetAirl PBcWor 108 23'4 SfdReg 52 18'4 Metrd PeoWsl 40e 2634 SlarBc 588 25'4 '4 Meyer Perp 10'4 StrptSv 194 '4 Michl 20 18 Petrite 112 26 '4 StMain 19 MichNt 2 55 Phrmci 20e 20 StaStBo 60 37 4 Micram 54 '4 Phrmk 54 4 StwBcp 80 MicBH 10 17 PhnxMd 5 SteelTc 03 12 MicrTc 14'4 '4 PhnxRe 10'4 StwStv s04i Microp PhnxTc '4 Stwlnf 40 '4 Micrc 'A PicSave Stokely 16a 14 'A Micsft 59'4 PkCafe 48 '4 Stoll 25e 27 '4 MidICp 164 43 PionS 15'41 Stratus 32'4 1 MidSih 13 PionGp 76 24 StrwbCI 110b 38 34 Mdwn 80 51 PionHi 116 StrucDy '4 MdwGr 60 32 PionSI 14 84 Strykr 19 '4 MillrHr 52 22 '4 PIcyMg 35 1 StuarIH 06a Miltern '4 PortBk 40a 11 17'41'4 Millope PoughSv 60 184 Subaru 6 MineSf 76 55'4 '4 PrecCst 08 33'4 SubBcp 26 2434 Miniscr 2 5 32 5 32 PresLfe 12 18 Sudbry '4 Modine 60 PrstnCp 50 14 '4 Summa 39 16 Sumgph 14'4 '4 Sumcrp 64 21 SumitB 72b 21 SunGrd 184 SunMc 15 Sunwst 112a 27 SupRle 24 26 SurgAf 174 Symblic 2 SvnOpt 184 '4 SvSflw 27'4 Svstmt 48 36 SystCpt 5'4 TBC 17'4 TCA 20 18'4 TJ Inti 40 334 4 TPI En 5 TchDta 144 4 TchCom 11 Tecum 320a 143 Teias 26'4 3 Tekelec TelcmA 394 4 Telecrd 1 '4 Telmalc Telabs 12 Telxon Ole 9'4 Tennant 112 34 Teradta 154 Terex 05 18 3Com 124 Tokio 24e 723 1 Topps 32 26 Tradln 6 Trnwck 36 19'4 TriadSv 4' Trimas 45'41 Trimed Trion 09 '4 Tsrtcp 75! 26 2Xnln 48 224 TycoTy 204 Tyson 04 244 USMX P41 I6 Unifi 16 '4 UnBnk 132 31 UBCol I5e 214 '4 UnDom 120 19 UndBc 06e 13 '4 UGamg 12 UHHCr Utdlnv 30 18'4 UnNMx 25e 13'4 '4 UtdNwsp 80e 15 UldSvrs 36! 10 US Be 1 304 4 US HltC 20 134 '4 US Inlc 6 US Trstl52 41 USWNV 4341 UStatn 40 19 '4 UnTelev 36 '4 UnvHlt 114 '4 Band 5 VLSI 74 4 VMS SL2 120e 74 VSB Be 40 14 '4 ValidLg 5 4 ValyB 104 254 ValSL 114 ValNH 144 29 4 Valmnl $40 314 4 VgrdCI 354 4 Varltrn 10 '4 Varlen 60 30 1 Veronxg 3 11 16 Vicorp Vioont 9'4 '4 Viratek 10 VaBch 20a 104 Vitalnk IB Volvo 184e WD 40 160a 3P4 WTD '4 WashEn 132 WSL 120 39 1 WshOr 30 14 '4 WMSB 40 234 'a Wattslnd 16 37'4 WausP 60b 424 Waver 36 32 Weitek 124 Werner 08a 1934 WstOne 120 38' '4 WstCap 13 WnWsle 21 WMicTc 6'a '4 WstnPb 22 WtMrcA 304 Wstmrk 42 4 WmorC 22 Weston WslwOn 11 Weltra 60 304 '4 Whldub 13 WilyJ A110 61 14 Willamt 145 53' WilmTr 124 WiserO 40 16 '4 Wolohn 28 174 WIvEx 84 Worlhg 56 23 Wyman 80 18 XL Dias 23'4 XOMA 2041 Xicor 64 Yelow 76 314 ZionUI 144 304 Zvcad 2 Dividends Wwtesdiv: slkof pay period rate record able IRREGULAR Akom Inc 017 9 12 10 2 SunHungKal 8C0 9 12 10 25 approx S025 oer Depositary share STOCK Craig Cp 9 8 9 29 2 for I split Services 9 18 10 2 3 for 2 split Philip Morris Cos 9 15 10 10 4 for 1 split Ridgewood Prop previously announced 1 lor 13 reverse split has been approved by shareholders and will be effective Sept 15 Philip Morris Cos 1375 9 15 10 10 Stanley Works 27 9 11 9 29 Utd Bkshrs 17 9 8 9 30 INIT1AI Services 025 9 18 10 2 equal to 0375 prior to split REGULAR Advesl Group 03 9 8 9 15 AmPrecision Inds 05 9 29 10 16 Banks of Iowa 25 9 8 9 15 Cnlrl Hid 09 9 11 9 25 DQE Inc 32 9 11 10 1 inevest oods 03 9 20 10 4 lexible Bd Tr 078 9 8 9 22 it Mutual SvBk 05 9 8 10 4 rischs Restaur 06 10 6 10 16 House of abrics 12 9 8 10 2 Ipalco Enlerp 43 9 13 10 15 McRae Inds A 12 9 11 9 29 Oglebay Norton 40 9 8 9 15 4375 9 15 10 1 Prospect Pk ncl 125 9 15 9 29 Transisco Inds A 075 9 29 10 23 Transisco Inds 025 9 29 10 23 Watkins Johnson 12 9 12 9 28 Payable in Canadian unds GOVERNMENT INANCES WASHINGTON (AP) Here are figures on government spending and debt (last six dig its are eliminated) The govern ment's fiscal year runs Oct 1 through Sept 30 Total public debt Aug 29 2823443 Statutory debt limit 2870000 Operating balance Aug 29 24920 Interest fiscal 1989 thru July 207253 Interest period fiscal 1988 183639 Estimated deficit fiscal 1989 168300 Actual deficit fiscal 1988 155151 Receipts fiscal 1989 thru July 816111 Receipts period fiscal 1988 741672 Outlays fiscal 1989 thru July 939884 Outlays period fiscal 1988 883917 Gold assets thru July 11066 BUALO CLEARINGS Thursday $416800000 Wednesday oreign Exchange US Currency Equivalent Per US Thu Wed Thu Wed Argenl 00)6 0016 61500 61500 Australia 76520 7640 13068 13089 Austria 0727 0768 1375 1302 Beigium 0245 0247 4083 4048 Brazil 3622 3622 27610 27610 Britain 15693 15780 6372 6337 30 dav fwd 15629 15715 6398 6363 60 day fwd 15562 15653 6426 6389 90 day fwd 15504 15593 6450 6413 Canada 8498 8508 11768 11753 30 dav fwd 8475 8486 11800 11783 60 day fwd 8452 8463 11832 1 1816 90 day fwd 8430 8442 11862 11846 Chile 003799 003799 26324 26324 Colombia 002531002531 39500 39500 Denmark 1329 1329 75220 75220 Ecudr 001886001886 530 00 53000 ECU 10580 10580 9452 9452 Egypt 3901 3901 25632 25632 inland 2287 2287 43725 43725 rance 1520 1526 65800 65525 Greece 005998005998 16670 16670 Hong Kong 1280 1281 78096 78090 lndia 0598 0598 16722 16722 Indnsia 000533 000533 177500 1775 00 New York AP) Yesterday's selected New York Stock Exchange bond prices Sales $1000 High Low Close Chg AlaPw 8s2003 15 95 95 ATT 800 305 98 98 98 4 ATT 7s200l 19 86 86 86 ATT 88s05 30 97 97 97'4 4 Bankam 8s05 41 94 934 934 BellTPa 9sl4 15 101 101 101 BelhSU 9s2000 2 90 90 90 BelhStl 845S05 11 84 83 844 Citicp 9 96 96 96 3 ConEdis 9400 8 100 100 100'? CraneCb 7s94 7 89 89 89 DowCh 21 98 974 974 Exxon 6s97 109 844 84 84 4 GMolAc 8s93m 10 97 97 97 4 Hercul cv699 5 141 141 141 Human cv809 25 109'4 108'4 108' IBM 9404 16 102'4 102 102' 'A viJoneLInd 694f 9 16 16 4 viLTV 5s88mf 16 22 22 22 viLykes 794o I 43 16 16 16 McCror 4 60 60 60 2 MoKnTx 533f 10 57 57 57 MoPacRy 4'405 I 62'4 62' 62'4 Mobil 61 98 98 98 '4 NwnBell 10S14 10 103 103 103 '4 PacGE 212 97 97 97 1 PacTT 815 5 95 95 95 RapAm 1003 25 59 59 59 StLouS 5s06f 3 63 63 63 Teledv 5 100'4 100'4 100'4 USX 501 2 76 76 76 UBran cv594 10 95 95 Xerox cv6s95 7 95 94 94'? Copyright by The Associated Press 1989 Japan 30 dy fwd 60 dv fwd 90 dv fwd Jordan Kuwait Lebanon Malaysia Mexico Nethrinds Zealand Norway Pakistan Peru Philpins Portugal Saudi Arab Singapore So Korea So Africa Spain Sweden Switzerlnd 30 day fwd 60 day fwd 90 day fwd Taiwan Thailand Turkey UAE Uruguav Venzuel Grmnv 30 dav fwd 60 dav fwd 90 dav fwd Yugoslav 006911006954006930006974006951006995006970007014 17067 17067 33400 3350001836 01836 3707 3710 14470 14380 14429 14339 14387 14296 14348 1425758590 5859029930 29850 54450 54450 26975 26940 000408000408 245000 2450004540 4522 22026 221155925 5920 16878 168921416 1416 70630 706300482 0482 2075 2075000290000290 344800 3448000460 0468 2175 22 35006211006171 16100 162262667 2667 37515 375155085 5090 19667 19645001497001497 66820 668203617 3617 27645 27645008179008258 12225 121101512 1526 66145 655405917 5947 16900 168155925 5956 16878 167915933 5964 16855 167685940 5971 16835 167470393 0393 2543 254303867 03867 2586 2586000457000457 219000 2190002729 2722 36650 36733001558 001558 64150 641500264 0263 379500 3800005101 5124 19605 195155109 5133 19575 194835116 5147 19545 194275123 5154 19521 19402 000036000036 27942 1 27942 1 Markets at a Glance NEW YORK (AP) ollowing are markets at a glance as of 4 pm Wednesday: New Ysrtr Stock Exchange 789 advances 657 declines Most Active: Upjohn 402 Sales: 174350000 Index: 19492 045 Bonds: 128680000 American Stock Exchanga 295 advances 291 declines Most Active: Bolar Pharm 212'A Sales: 14610000 Index: 38158 064 Bonds: $3500000 CMcage Wheal: Mixed Corn: mixed Oats: Lower Soybeans: Mostly lower CANADIAN EXCHANGE up to 1500 Buying Soiling Checks Drafts 8396 8596 Currency 8250 8750 Coins 8150 8750 Toronto Stocks Close August 30 1989 Canadian cents unless marked Total sales 34216872 shares Abilibi $17 Dylex $11 Oshawa $29 AgnicoE $9 Emco $11'4 PWACor $18 AirCana $14 EqtySvr 415 Pamour $6 AllEn $20 CAInt $10 PanCn $30 AltaNat $19 lcnbr $38 PinePI $21 AlgomSI $26 edlnd $15 Placer $19 ABarick $28 edPion $13 PolyEr $21 Atco $10 Cin $44 QueStg 130 BCEInc $41 letCCn $19 Rayrock $8 BCED 205 GendisA $21 RedPalh $20 BPCan $18' GECan $29 RdSten $30 BnkMnt $33 Gibrltr $11 Renisa $19 BnkNS $18' Goldcor 425 RogA $136 Baton $14' GratIG $10 RogB $117' Bralor 30 Hawker $24 Roman Bramle $33 Haves $15 Roth $66 8CP $16 Heeslnl $30 RoylBnk $46 BCPhne $16 HemIGId $14 RyTrco $18'4 Brunsw $11 Hoilgr $14 Sceptre $5 BuddC $28 HBay $33 Scotts $20 CAE $14 Imasco $40 SearsCn $14 CCL A $12 Indal $14 SHLSys $10 CCL $12 InGas $14 Selkirk $49'? Cambior $13 IntThom $18 ShellC $42 Campea $18 Interho $48'? Sherritt $13 CNorW 430 IntPipe $46 Soulham $32 CPakrs $14 Ipsco $18 SparAer $12 CTung $5 IvacoA $13 StelcoA $23 ClmBk $30 IvocaB $13 TCCBev $11 CPorst $43 Jannock $21 TeckA $24 CPLId $28 KerrAd $20 TeckB $23 CanTire $24 Laball $25 TexC $40 CUtil $20 Lacana $12 ThomC $18 Cara $19 Loblaw $21 Celnse $30 Lumonic $7 TorStar $36 CentCp $12 MagnaA $12 TrnsMt $15 Cineplex $13 MDS $25 TrnAlta $14 Conwest $14 Mdan $12 TrCPL S16'A CoronaA $8 Marilme $17 Trlmac $5 Crownx $14'4 MarkRes $9 Triton $22'4 CzarRes 120 Minnova $19'? Trizec $28'4 DenisnA 480 MolsonA $37 Turbo 58 DenisnB 450 MolsonB $37 Unicorp $7 Derlan $11'4 WGr $6 UnCarb $21 Develc 105 Nabisco $45 UEnt $11 DcksnA $5 Norand $16 UKeno 365 DcksnB $5 Norandl $26 WardaiB $15 Dofasco $27' Norcen $25 Westm $9'4 Donohue $13 NovaCof $9 Weston $40 DuPont $27 Nowsco $14 Woodwd 305 NASDAQ INDEXES NEW YORK (AP) NASDAQ over the counter indexes for Wednesday: Week Month Index Composite Indust inancl Insurance Utilities Banks Transport NMS Comp NMS Inds NASDAQ100 Close Chg Ago Ago 46827 170 46168 44912 454 64 202 44873 43584 555 16 144 54934 528 90 537 47 273 53283 51966 73571 220 71509 70996 488 56 129 48485 471 46 46603 123 45956 45007 20469 075 201 78 19613 17803 081 17569 17054 44280 220 43498 41979 Michalek: State AG says lawyer diverted money Continued from Page C9 who are owed $20000 Michalek retorted that the sale is the only way to recoup some money for the investors If the banks take over the property in stead the investors see a dime he predicted just think what he told you is the best excuse he could think erdman said How projects reached their financially strapped state is the central issue The attorney general suspects Michalek diverted excessive pay offs to himself and his other com panies Michalek raised $8 million to $9 million for the Chestnut Ridge medical offices and the apartments from banks investors and his own cash Rosen estimat ed Yet he was prepared to sell them to Schectman for a net profit of only $375000 after the mort gage liens and taxes were paid Rosen said did all the money Rosen asked Simple said Michalek The money went toward construction payroll utilities maintenance and other costs associated with the project Any money he collected in legal fees and other services to the project he pumped back into the project he said The apartments unfortunately were perhaps too expensive for the market at this time Michalek said And at a vul nerable point in the spring of 1988 contractors demanded im mediate payoffs and investors started a drumbeat for return of their investments Threats of bank foreclosures followed But if he were allowed to hold onto the apartments for three more years and convert them into condominiums that would sell for $125000 or more apiece inves tors would recoup most or all of their money Michalek predicted It may take a judge and an army of attorneys to decide whose version of the demise of Michal vision is correct The only thing Kalinowski is sure of is that he and his family are out $142000 That includes $71000 worth of appliances Kalinowski supplied to the apartments as one of Michal contractors $46000 invested in the Chestnut Ridge medical of fices and apartments and $25000 invested in the ox Chapel estates project which is not yet complete Michalek said that fewer than 50 people invested in the ox Chapel estates venture a limited partnership known as Tremont and all stood a good chance of getting paid back In comparison hundreds invested in the Chestnut Ridge project Kalinowski remembers the lav ish cocktail parties Michalek would throw at local country clubs to impress investors and coax new investors into the partnerships Michalek drew on networks of friends and friends of friends to raise cash Kalinowski said he feels guilty about some people who invested just because his name was already on the investors list have one personal friend who golfs with me ani I even want to talk about it with Kalinowski said Kalinowski said he now is working longer hours putting off remodeling his Orchard Park ap pliance store and delaying the re tirement he planned next year at age 63 because he must make up the money he lost to his former friend and attorney Michalek no way I can leave my business with the debts that have been incurred by this Kal inowski said Lear: Ch 49 is operating at a 1 million a year loss Continued from Page C9 The $25 million price assumes that Tri State will continue to op erate Ch 49 as a non profit reli gious outlet for at least five years If Ch 49 goes commercial Tri State will pay the Sabres more How much more that would be is stipulated in a sliding scale con tained the agreement If Tri State accepts more than $200000 in commercials in the first year of its operation it will pay the Sabres $2 million each year the required payment would decrease down to $400000 in the fifth year In addition Tri State would pay the Sabres an additional amount if the non profit corpora tion sold the station within five years According the waiver petition GUN CENTER iNci TRADE REPAIR BUV gg ISHING ARCHERY AIR GUNS RELOADING EOUIP LICENSES KNIVES 3385 HARLEM RD 333 2581 OPEN ALL WEEK NIGHTS the sales of both stations would actually be a of some of Ch library and state of the art studio and remote origi nation equipment into into the new Ch 29 organization lawyers said that the or Rochester and Buffalo stations will have separate sales programming and traffic depart ments and tailor their programs to local needs Ch 29 General Manager Philip Lombardo said in the waiver document that Ch entry two years ago into the Buffalo market imposed pressures that eas ily in his becom ing a money losing operation Lombardo said Ch ratings have dropped 50 percent in the past two years QQ Professional Communications £g884 9200zgyear) NYS TOLL REE (people 1 800 462 7555 New US rules on credit cards aid consumers Associated Press WASHINGTON Credit card disclosure rules taking effect today offer the 1 07 million card holders a new opportunity to shop around for lower interest rates consumer activists say Industry analysts however say they expect the new rules to have little impact at least over the short haul The regulations adopted by the ederal Reserve Board in April require credit card issuers to dis close the interest rate monthly fee grace period and other terms in a chart on applications used to sign up customers Previously the card's costs did not have to be disclosed until it arrived in the mail The new rules also require companies to notify existing cus tomers in advance when their ac counts are about to be renewed and another annual fee charged should use the re newal notice as a reminder to switch cards and said Elgie Holstein director of the Bankcard Holders of America a consumer group He advised cardholders to pay off their high rate cards with a cash advance from a low rate card New York already has its own disclosure rules but they will be replaced by the new federal regula tions The new rules apply to bank cards such as Visa MasterCard and Discover to department store cards and also to cards such as American Express and Diners Club whose full balance must be paid monthly very hopeful that this will at least provide the edge to con sumers to make better judg said Peggy Miller a lob byist for the Consumer ederation of America Ms Miller and other consumer activists believe the regulations should force card companies to compete by lowering their interest rates and annual fees Bankers and analysts however say most cardholders probably see much decline going to put some strain on banks charging above market rates and some of the banks that have extremely low rates may see a little more business but the vast majority are going to stay where they said Robert Burke of Bank of New York JAGUAR PORSCHE BMW MERCEDES ROLLS ROYCE AND ERARRI SERVICE a REPAIR TRAINED PERSONNEL ULLY EQUIPPED SHOP ree Pickup and Delivery in The Downtown Area KNOX AUTO SERVICE 12 KNOX AVE (Off Delaware) 877 7830 URNACES BOILERS HUMIDIIERS "eptln9 AiR Air Conditioning Inc rtEst 1073 834 7611 ENERGY EICIENT GAS URNACES TRIP OR TWO TO MONTREAL IIMI ihj IRST PRIZE Trip for 2 to Montreal including roundtrip airfare for 2 on US Air 5 days and 4 nights accommodations selected meals selected admission tickets for local attractions and $500 cash 2nd PRIZE 3rd PRIZE 1 4th PRIZE 5th PRIZE 1 HAD $200 tc Cream Paikage gift certificate gift certificate I One year supply of ice nnrLi from from cream and a party for 1 2 at LdMl Dinettes and More an Man Johnny Soda Bar and Cafe Dinner for Two 25 winners amily Membership at the Buffalo Zoo 25 winners Movie passes for four 30 winners Gift Certificate from a sweets shop 1 5 winners HOW TO PLAY SUPER JINGO SEE ULL PAGE AD IN Tv T0PICS Clip out both SUPER JINGO Game forms from the TV EVERY SUNDAY OR COMPLETE JINGO RULES Topics section of the Sunday News Look for matching a All llinrrm numbers in TV Topics Circle the matching numbers from Iwlil I ll JIulKHK this ad Monday through Saturday If you circle five VI III VW IVVJIVIWInW matching numbers In a row vertically horizontally or llPEI 4000 diagonally you are a possible winner Your form is eligible yW ML for the random drawing for prizes Mall your completed form to SUPER JINGO Buffalo News Box 55 Buffalo NY efl 14233 Only one form per envelope Winners of Game 382 imnrn I will be published Sunday Sept 10 1989 UNDER I A NEW GAME STARTS EVERY SUNDAY UNDER 22 under 35 JINGO 59 The Buffalo News under 69 URNACES BOILERS HUMIDIIERS "eptln9 AiR Air Conditioning Inc CLEANERS ENGLE WOOD rtE8t 1073 834 7611 GUN CENTER inc IRST PRIZE 95 OTHER GREAT PRIZES) EVERY WEEK!.

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