The Buffalo News from Buffalo, New York • 18

Page 10 Business People Renold Inc a Westfield manufacturer of vi brating shakers and conveyors precision custom gearing and flexible couplings has announced that Charles Levinger will retire after 39 years of service He joined Rcnold's predecessor firm Ajax lexible Couplings in 1951 as a manufactur er's representative in Pittsburgh Pa In 1968 Levingcr moved to the company's Westfield headquarters as a sales manager Renold Ltd purchased Ajax in 1973 and two years later pro moted Levinger to his current position as vice president of sales The Industrial Relations Association of West ern New York has elected Lawrence Schmitt president He is the industrial relations manager for Peerless Winsmith Inc Other officers arc: first vice president John Bunk second vice presi dent Pat Sullivan secretary Janet Goodsell and treasurer Martin Erdei Eileen MacLaren Henry Levingcr Schmitt Weiss Mengay Lynda Stephens and Bruce Yorio were named directors Medical Litigation Consultants a new' Ham burg based medical information service firm for attorneys and insurance companies involved in medical malpractice cases has been formed by Cynthia Weiss She will serve as executive director of the company Clubs: Prices will be key to competition Continued from Page B7 market" said Cathy Dibdah senior consultant with Manage ment Horizons a division of Price Waterhouse The clubs are begin ning to differentiate themselves from each other by expanding their product lines and becoming more consumer oriented she all clones of the Price Club" said Robert Volz Pace vice president and regional opera tions director difference is we carry a wider variety of items A lot of clubs are starting to copy us" But mostly Pace executives said competition will be based on price Establishing an identity by ex panding product lines is part of the maturity cycle for most new businesses Ms Dibdah said This cycle could include closings in an industry that has lost about six wholesale membership clubs in the past two years according to Discount Merchandiser a trade publication Competition could explain why Pace carries so many products that are unusual even for a whole sale warehouse Along with bulk quantities of household items that include pa per towels laundry products clothing books and electronics Pace is offering an expanded gro eery section with baked goods produce and meats A video kiosk helps shoppers select jewelry Through Club Cars inc Pace members can get leads on new or used cars and trucks Pace also has a discount toll free pharmacy ser vice called Medi Mail and mar 2 kets its own PMW brand of goods James Halpin president of BJ's Wholesale Club said compe tition between and Pace will not be as interesting as competi tion between Pace and Price once they both are operating Ware houses in the same town Pace sells more items than BJ's" he said Price Club will carry more items than they will But broader selec tion means higher prices" Halpin said the key is to keep selection narrow and sell things quickly in order to leverage the operating cost of the building BJ's carries about 3800 items with an average volume of about $50 mil lion per store BJ's Hamburg location is one of nine new clubs planned for 1990 BJ's is the fifth largest wholesale club billion in sales in 1989 and 23 existing loca tions Along with offering wider selec tion Pace's membership rules dif fer slightly Pace offers member ships to business and individual customers for $25 a year These members can get cards for em ployees or a spouse for $10 a year Business members shop exclusive ly on weekdays between 9 am and 1 1 am Individual Pace customers who can shop during any other hours that the store is open do not have to pay a membership fee but they will be charged 5 percent above the posted prices for mer chandise if they are not members BJ's members also pay a $25 annual fee Customers who are considering joining BJ's can get a free one day pass and pay 5 per cent extra for cash only purchases Representatives from both stores said the membership fees help managers gauge traffic in the warehouse They also insure that shoppers will buy and not just browse And of course the fees contribute to the bottom line rep resentatives said The fees high volume and bare bones service make wholesale warehouses a bit of an anomaly' among retailers Wholesale clubs are able to charge an 8 to 10 per cent mark up on their goods Tra ditional discounters tack on about 20 percent while department stores often mark up goods about 50 percent According to Discount Mer chandiser wholesale membership clubs are now a $17 billion indus try with 10 companies in the country with 361 units What makes the wholesalers so attractive? "Basically the price" said Tom Kirwan editor in chief of Value Retail News "Wholesalers have been able to undercut competition by going in to lower rent situations or going into buildings that are inexpensive to build And they are able to pass those savings onto their custom ers" Kirwan said there's a downside to that" he added have to pay to become a member Customers have to dodge those trucks the lines are very long and the securi ty can be very intimidating Prices at both membership clubs got mixed reviews from cus tomers last week it is cheaper it's not bv much" said Marvin Huling of Buffalo one of many opening day customers at Pace of the items I've seen cost more than at other places" But Kimberly Nance of Am herst said Pace seemed to be a bit cheaper than BJ's And she said Pace's wider selection makes it a more attractive place to shop Buffalo Produce Whtltsalt rics i March 12 CITRUS Graptfruif: 4 5 buctn Indian River 1 unless otherwise stated Ruby Red 77s 1200 2 1250 occ 1300 3236s 1200 1300 occ 1150 4041s 1200 1300 few 1150 1175 White few 32s one label 1200 36s one label 1000 lemem: CA ctn 2100 2200 140s 1 1950 2100 fair qual 75s one label 1450 95 U50 1750 mos 1750 140s 1700 1100 mos 1750 Limes: 10 lb ctn Persian Seedlesstype 1200 1250 MX too few sales to quote Oranfts: CA 'tn Navels 48s one label 1550 1430 1200 1250 Ms 1 100 1200 mos 1150 113s 1025 1100 mos 1050 131s 975 1025 mos 1000 fair qual 41s 1125 11 50 1100 Ms 1050 one label 1000 1050 4 5 bucln Valencia 100s one label 1 1400 fair ap pearaftte 1250 Tempts: ctn lOOsone label H00 1650 RUITS Apptes: Regular Storage unless other wise stated: NY loose pack Su ctn 1 buctn UScy 2 1 up Ida Red 700 750 Red Delicious 750 600 Empire I0G I50 US1 2 up Red Delicious 750400 Ida Red 6 56 700 2 12' up Ida Red Red Delicious 750 Empire! 25450 Crispin onelabel 1000 ctn 12'3 lb UScy 2 1 4' min Red Delicious Ida Red Empire 850 900 Ctn traypack NY Red Delicious USExcy Red Delicious U3s 150 1200 WA Red Delicious WAExcy 80s 100s one label 1150 Controlled Atmo sphere traypack WA Red Delicious Wa Exey 72s 1450 1500 SO 100s 1500 1550 Golden Delicious WAExfcy 64s 1750 100s 1450 1500 WA Granny Smith WA Exey 100s one label 2200 2300 NY US Exey Ida Red 1100 Rome 80s 1100 loose pack NY bucln Red Delicious UScy 2 1 up 900 3' up 1000 Ctn 123 lb NY UScy 2 14' up Romes McIntosh Ida Reds 950 Avacadas: 1 layer ctn various green skin varieties US Comb 12s 1100 1200 CA 2 layer ctn unless otherwise stated Hass 41s 3750 3800 1400 Grapes TaNa: CL lb lug wrpd lame 1000 1050 Thompson Sdls 1400 1450 EW 1500 1550 Black Sdls 1100 T200 Ktvifrvih CAI layer lug one label 100 150 650 700 NactariMs: CL 2 layer lugs traypack LeGrand one label 66s 1050 SunSweet 52s 1100 1150 Peaches: CL 2 layer lug O'Henfy 60s 1 100 1150 Elegant Lady 60s one label 1150 Pears: 45 buctn Anjou USP1 Controlled Atmosphere Storage wrapped unless other wise stated WA 100s 2150 2050 2100 1150 1950 135s 1700 1800 OR one label 100s one label 2200 135s one label 1900 Bcsc WA 1 2200 2250 NY buctn loose pack Bose no grade size marked Med 1400 Regular Storage CL erts too few sales to quote Pineapples: DR 2layer ctn 12 1500 Plums: CL 2 layer lug traypack Cassel man riar one label 1100 1150 BERRIES Raspberries: CL 12 V2 pt Red one label 2100 2150 Strawberries: lats 12 1 pt cups CA Med'Lge 1350 1450 few 1500 1550 Lgeone labelll 00 1150 one label 1600 Lgeone label 1800 1150 Sml Med 600 700 mos 450 700 MELONS 15 Ils 1800 1900 few 1950 1600 1650 Heneydtws: ctn EL 1500 EL GU Is 1400 1450 CR EL 1200 1250 EL one label 1100 WatermaltM: MX ctns per lb Jubilee 4s avg approx 64 68 lbs 30 cents AllSweet a vg approx 65 69 lbs one label 37 38 cents VEGETABLES Anise: Offerings light CA ctn Globe type loose one label 1400 Asparagus: MX 30 lb Pyr ert loose Stan dard one label 37 063800 15 lb Pyr ert Lge 19061950 Beans: Bucrt Round Green type PL 1056 1100 hand picked 14561550 MX bucrt handpicked 16 561700 Breccali: Ctn bunched AZCA 14s 756 850 mos 800 8 06900 mos 850 Brussels Spreuts: CA 25 lb ctn loose 1306 1350 Cabbage: 50 lb ctn med 16 unless otherwise staled NY Danish type 9561000 one label 850 Red W00 Green type Med Savoy type CA one label 1500 TX one label 1400 Carrets: Bags in master containers med 'lge unless otherwise stated 48 1 lb 24 21b 10 5lbl0061100fewll561200 251b bag loose Jumbo 756800 CA 48 1 lb 24 '2 lb 10'5 lb 11561200 25 lb oag loose Jumbo 156950 Cauliflower: Ctn film wrapped AZ CA 906950 mos 900 CHtry: Ctn CA 2 do: 10061050 few 9 50 2 1 '2 doz 10561100 2 1 2 doz 806850 Cucumbers: 1 19 ctn Medium waxed unless otherwise stated 18561950 mos 1850 fairqual 14061450 MX 1800 1850 fair qual 1600 r9buctn Med 18061850 EndivaEscareie: CA EndiveEscarole ctn 24s one label 900 Endi veEscarole cm 756850 mos 756800 Garlic: CA 30 lb ctn White Colossal 4500 Jumbo 3800 lOIbctn Exira Jumbo 1350 AG 10 kg ert 6s 3000 Greens: AZ ctn bnchd 24s Mustard Greens Turnip Tops Collards Kale 825 850 GA ctn bunched 24s Collard Mustard Greens85O Broccoli Rape (Rappini) MX 20 lb ctn bnchd 24s one label 1900 Lettuce: Ctn 24s unless otherwise stated Iceberg: AZ 'CA 756900 best mos 900 one label 756800 Remain: CA 'AZ 900 1000 Leaf: AZ'CA Green 9061000 CA one label900CARed9061000mos950Bosten: CA 906950 Mushreems: PA flats unless otherwise stated 10 lb ctn medium 10561100 lge 13561425 film wrapped 814 oz 11061 150 10 12oz 10561100 12 8 oz906950 3 lb bskt lge 506550 Onions Dry: 50 lb sacks or generally good quality Yellow unless otherwise stated ID OR Yellow Jumbo 14061500 mos 1406 1450 occ Red 25 lb sacks Jumbo 10061 100 onelabel 1200 Med Lge856900 NY Yellow Globe Type Med 106900 mosl56900 25 lb sacks Med 450 repacked 16'3 lb one label 1000 15'3lb9 561000 lb 9561000 10lb mesh bags Lge 250 Med 225 Red 251b sacks Lge 850 Med 650 MX White Lge Jumbo 2100 Red: 25 lb sacks Jumbo 1050 Med 7067 50 Oniens Green: Ctn 4 doz MX 6 56750 mos 700 Leehs: 4'5 ert 12s CA one label 1106 1200 occ 1300 one label 1350 Parsley: Bunched approx 5 doz Curly unless other wise stated CA ctn 11061200 crl 756800 Parsnips: ctn 12 1 lb950CAdn 12 1 lb one label 950 20 lb topped one label 1050 Peppers: 1 1 9 buctn California Wonder type Green unless otherwise staled Ex Lge one label 18062000 mos 1800 Lge 16061700 Med 12561400 mos 12061250 Sml one label 706800 MX Med one label 1050 Mixed Red Green 750 Petafees: 50 lb bag USA1 Size A washed unless otherwise stated Reund Whites: ME one label 800 NY 806950 mos 850 Lge 9561000 10 lb paper bags loose 176190 mos 175 180 ReundRed: NY 856900 baled packed locally 10 5 lb 1256 1300 Russets: 50 lb ctn Burbank unless otherwise stated ID 7080s 18061900 one label high as 2300 90s 16061700 one label 1850 one label high as 2200 15061600 one label 1650 one label high as 1900 lOoz min 15061600 Baled sacks 105 lb 12061250 few 1300 Non As 1 1061150 few 1200 510 lb As one label 1075 1125 CD PEI 70 '80s one label 1800 90s one label 1800 100s one label 1700 lOozmin one label 1500 Radishes: ctn topped Red 14 1 lb film bags 406 475 mos 406425 30 6 oz 356400 one label 450 Spinach: Savoy type AZ 'TX bubskt 2000 Repacked locally ctn 6 10 oz 506520 810oz 656675 oz 950 Squash: Zucchini buctn Med 500 600 MX 26 lb lug Sml Med 856900 Yellow Straightneck buctn Sml 706750 Med 600 MX 26 lb lug Sml 'Med 9561000 NY buctn 1 '9 buctn Butternut 1400 MX 1 1 9 bucrt Butternut one label 2200 Spaghetti 1850 Acorn one label 1700 one label 1450 Buttercup one label 16061650 Swwt Petatew: 40 lb ctn Puedo Rico type cured unless otherwise stated GA one label 1600 LA 17061750 Jumbo 1050 NC 15061550 Jumbo 11561200 Tomatoes: 25 lb ctn unless otherwise stated Pink Lt Red No supplies on mar ket MX 5x6s 240625006x6s 2106 22006x7s 18562000 repacked locally pink med 8 qt bskt 856 950 mos 900 10 tubes 4s film wrpd 906)000 Cherry Tomatoes: MX 12 pt flats 10061100 Turnips: 25 lb film bag Purple Top AZ ert 750 CA ctn 12 1 lb one label 715 Rutabaga CD No 1 topped washed waxed 706750 Toronto Stocks Close March 12 W0 Canadian unless a Total sales 15801681 shares ADihbi 400 NovaCor S7gmcoE EatvSvr 350 Nowsco $16 AirCana S103 CAlnt $10 OneC $12 '2 PILis Oshawa S31' AilaNat SHU Pcnbr pWACor SW fc A Baria $21 edind S13s PourinA $8 Aico S9G edPion $14 PanCn AurRes CPin $10 PinePt $21' 2 BCEInc $44 'etCCn S16G S21'k BCED 41 'etCinv $22 PocoPe $7 BCGas $14 SesrHI PoivEr S2f BPCan $20 ranco S2W QueSfg 120 B'BkNk 205 GendlsA $2W Ravroa $10 BrmMnt $29 feeowth ll9'zs $14 Gibnlr $9 Reniw S27 Baton S11' Goiflcor $5'i R09A $108 BCEMo $26'v GrartG $5 RogB $81 $17 2 Hayes $12 Roman $8 8CPhne $18 Heeslnt $26' Ruin $64 unsw S10 HemiGid S1W RovBnk $24 CAE $7't Hoiigr $12 2 RvTrco $15 2 CCL A $8 Horsha SW Sceotre 400 CCL $8 '8 HBav $30 Scot's $14 Campea 189 Imasco $35 SearsCn S1W CNorW 340 indal $14' ShlSvs CPakrs $15 InGas 4 1 i Se'k $49''j ClmBx $29' IntTnom $11! 5'e'iC $40 CPorsl $35 inierno $47 Sherrdt $10" CPLtd $24 in'Pioe $46' Southam $26 CanTire s223 Iosco $14 CUtil $19 ivacoA $11 SteicoA $20 Cantor $29 ivocaB $12 TCCBev $10 i $16 Jannock $17 TeckA $24 Cemse S284 KerrAd TeckB Cemsel $30 Label $40 CeniCa $10 Lacana $12'a ThomC $15 $7M Loblaw $15'2 TorDBk $i83 4 TConwesl $I3 Lumonic $8' TcrStar $30 2 CororaA $9 Macxenz $8 TrnsMt SIS' Crown $137e MagnaA 440 TrnAtta $13 CrownxA $6H MDS $l3 TrCPL S16H DenisnA 220 Mclan $10 Trtmac $8 rDenisnB 190 Maritme $17 4 Triton Der'an $8's Mark Re sil Triiec SJl $6 Minnova $17 Turbo 44 "DtksnB $6 MobonA $37 llnicorp 420 Oofasco $23' Mo'SorB $38 UnCarb $18 Donohue $'3 NomaA 2 UEnt DuPont $24 Norana $13 VYestm $7 2 $6 i No'andl $2r Weston $38 Eicor 263 Norcen $27 1 Woodwd 220 CANADIAN EXCHANGE Up to $500 Buying Selling Checks 4 Drafts 83B9 8589 Currency 8250 8750 Coins J15O 8750 oreign Exchange a rijent Australia Austria Betoium Br oZii Brilan 30 dav 60 dav 90 oav Canada 30 dar 60 aav 90 cav Chile Colombia DenmarkEcuor ECU Egvpt inand Prance Greece Hong Kong lnla US Eauiva'ent Tue Mon OC 02 6'02 J6C0 75800781 0835 0283 028302672 02672 1595 16095 15899 158 19 1594 15730 15879 8496 84828460 3445 8431 1416 8399 8386003523 003523002188 0021881521 1532001713MV13 11985 1W5 3733 24J8 2488 1726 1280 12800583 0583 Cur'encv Per US Tje Men 5W9 53999 13158 13193 1208 1197 35 40 35 40 37422 37422625? 62136790 6252632? 62826357 6318 11770 11740 11820 1J841 11861 11882 11906 1W5 283 87 28387 457 00 45700 65755 65270 58350 583508344 8344 2 6433 26433 4 0200 40200 57940 5 7530 16' 40 16140 7 8733 78733 17153 17 153 fwd fwd fd fwd Metal Prices NEW YORK (AP) Spot nonferrous metal prices Tues day Aluminum 7100 per pound NY Comex spot month Won Copper $13320 a pound destinations Copper 12130 cents per pound NY Comex spot month Mon Lead SO 52 cents a pound Zinc 70 73 cents a pound delivered Tin $38611 (Metals Week composite price per lb) Gold $39725 Handy Harman (only daily quote) Gold $399 8C per troy oz NY Comex spot month Mon Silver $5040 Handy Harman (only daily quote) Silver $5042 per troy oz NY Comex spot month Mon Mercu ry $2S500 $30000 per 76 lb flask New York Platinum $505 00 $50700 troy oz NY (contract) Platinum $50280 NY Merc spot per troy oz Mon nq not quot ed md sa 060554000554 180398 ireiand 1 5505 1 5570 M52 6398 Israel 5102 5102 19600 19600 Itatv 000789 00076 1267 00 126075 Jaoan 03654 1 15288 15248 30 ov fwd 006547006564 152 74 15234 60 dv fwd 005551 006570 15264 15221 90 dv fwd 006557 006575 15251 152 09 Joroan 15076 15076 66330 66330 Kuwait 3 4483 3 4483 2900029000 Lebanon 0'803 01803 55450 55450 Maiavsia 3693 3693 27075 27075 2 Mertco 0003 64 M03o4 274793 274793 Neinrlrds 5176 5216 19320 Zeaard 5870 5885 1 7035 1 69Q? Norway 1507 1514 6 6350 66035 Pakistan 047) 0471 25 2125 Oeru 000078 12304 1 12804 1 Phito'ns 0447 0447 22 39 2239 Portugal 0066367 006635 150 15070 Saudi Arab 2666 2666 3 7499 37499 S'ngapore 5333 5343 1 3752 18715 So Korea 001432001432 69850 69850 SO Africa 3876 3876 253W 25800 Spain 009074 009112 11020 109 65 Sweden 1614 1619 61970 6 1780 Swilzer'nc 6548 6554 15273 15257 30 day fwd 6551 6559 15264 1 5247 60 dav fwd 6555 6561 15256 15241 90 dd f0 6559 656e 1 5246 1 5231 Taiwan 0385 0385 2595 25 95 Tha iand 03887 03887 25 73 2573 Turoev 000415 0004 IS 240796 240796 UAE 2723 2723 36720 3 6720 U'uguav 001243001243 80450 304 50 Venzuel 0244 024 4 410000 4 '0000 Grmny 5828 58'4 30 dav fwd 5829 5636 17156 17136 60 dav fwd 5829 5836 1 7156 17135 90 dav fwd 5829 5835 1 7 157 1 7136 Yugoslav 08313 08313 1203 1203 ECU European Currency Unit a bas ket of European currencies The ederal Reserve Boards index the value of the dollar against 10 other cur rencies we gh'ed on be basis of trade was 94 43 Monday uo 056 points or 060 percent from 9387 A year ago the index was 9671 Pre closing p'ces as of 10:00 am Eastern Time from Tetorafe Svslems and other sources comme'cial free rate Mnancia' oHioal ra'e fioa'ing rev'sed BUALO CLEARINGS Tuesday $256500000 Monday $588500000 Dividends snf my MriM rate rKrfl atM IRREGULAR idelity Grin 14 3 9 3 21 US Eouit 10 3 9 3 21 siaSv Decatur 10 3 15 3 30 Gt Nthn iron 120 3 30 4 27 Income Amer 20 4 6 4 9 Zenix Income 0825 3 23 3 30 STOCK Si Jude Meoical 4 16 4 30 2 for 1 split INCREASED HeaithCae Svcs 07 4 2 4 9 Prenor Group 10 3 23 4 6 REGULAR Berry Petrol 1375 3 19 3 29 Central Capital 15 3 21 4 1 DS Bancor 40 3 23 4 17 DeSoto Inc 10 3 27 4 30 edi Home LnMig 40 3 19 3 30 st Exex 09 3 30 4 14 Graco Inc 15 4 4 5 2 Lomas Mfg Secur 105 3 19 3 29 Medical Proo 30 3 30 4 13 Muntc Hi inco 0625 3 23 3 30 Pulnam Glool Gv 13 3 23 4 2 Pulnam Ootionlnco 29 3 20 3 30 Payable in Canadian unds Local PTC Stocks Alt quotations from the Nation al Association of Security Deal ers are the highest bids and low est offers from market makers Inter dealer markets change through the day Prices do not include retail markup mark down or commission Sales vol ume in 100s of shares Salat Bld Asked Adelphia 17 17 Cellular Prod 532 732 CPAC 3 5 Exolon ESK 14Vm 14 Kimmins 2918 7 7 Seneca oods 2 ZO'a 21 Taylor Devices 1316 Village Green I 532 316 Ex dividend Sales full On Boston Stock Exchange The Buffalo NewsTuesday March 13 1990 parent says profits rose 11 percent for year HONG KONG (Reuters) Hongkong Shanghai Banking Corp the parent of Marine Mid land Bank of Buffalo and regarded by bankers as the largest bank in Asia outside Japan reported today that its earnings rose 1 1 percent in 1989 Despite economic slowdowns in all of the major markets it said its full year profits rose to S612 million from $550 million in 1988 But the earnings report man aged to disappoint some investors who hoped it would reveal one of the British best kept se crets the size of the bank's in ner reserves inancial analysts estimate the reserves anywhere between $13 billion and $58 billion Expectations that the bank would end 125 years of secrecy and disclose the size of its reserves in the earnings report began grow ing when the company acquired a 15 percent stake in Mid land Bank in 1 987 The Bank of England rejected the Hongkong 1981 bid for the Royal Bank of Scotland but financial analysts speculate the Hong Kong giant plans to try to break into Britain's inner banking circles again through a merger with Midland The move would require dis closure of reserves Distributor opens here RyTown Millwork Inc a Man chester based distributor of win dows and doors has opened an office and warehouse at the Buffa lo Airport Center 4454 Genesee St Cheektowaga William A Vil lepigue is the manager of the branch which is expected to have 10 employees Pyramid may be facing competition for Bonwit The Pyramid Co which has submitted a bid for five of 16 Bonwit Teller stores could face competition for the stores from potential bidders such as Tiffany Co and Donald Trump sources close to the situation have said Retailing consultant William Ruben who was chief executive of Bonwit for five years speculated that new bids from investors would be for all 16 stores and may range from $25 million to $30 million Pyramid a Syracuse based company that operates 16 malls in New York and Massachusetts in cluding the Walden Galleria in Cheektowaga reached a formal agreement riday to purchase the assets of the upscale clothing store from its financially troubled par ent company the LJ Hooker Corp The developer also plans to open two new stores in Syracuse and Albany The price tag for the stores in cluding the one at the Galleria was not disclosed but industry sources estimate the debt free cash deal to be about $17 million Pyr amid will receive the stores the Bonwit Teller name and the liabil ities for five stores But the sale must be reviewed by US Bankruptcy Court Judge Tina Brozman According to bankruptcy law other bidders have until March 29 to submit higher bids for the stores If bid is approved the developer could open a new store in the Carousel Center now under construction in Syracuse and is considering adding a Bon wit store to its Crossgates Mall in Albany Centerpointe gets 3 new tenants Ciminelli Development Co has signed three new tenants for its Centerpoime Corporate Park off Essjay Road in Amherst Local attorneys Dennis Spell er PC and James Lalime have taken 2500 square feel at 350 Centerpointe Speller and Lalime signevi a long term lease in the 44000 square lbot building Travelers Mortgage Services Inc the mortgage banking arm of insurance giant The Travelers has signed for 1700 square feel Com bined the new tenants raise the occupancy rate at 350 Center pointe to 100 percent Neurologist Dr Mary Elizabeth Roehmholdt has taken about 1600 square feel al 300 Center pointe The one story 45000 square foot building's occupancv rate also hovers near 100 percent Space at Centerpointe Corpo rate Park will increase by 72000 square feet in May with the com pletion of a new four story facilitv Construction of two additional of fice buildings is slated to begin this spring URNACES BOILERS Adema Heating HUMIDIIERS' At Conditioning Inc CLEANERS 378 ENGLEWOOD AVENUE Et 1873 834 7611 YORK The right Heating and Ait Conditioning decision niiki inside A wave of helplessness washed over her She was frantic Il THE CASE Wmw THE HARRIED HEW Mom homeowheh Her new home needed improvement but money was tight She pay cash and about to take out a loan that was only 10 interest deductible How could she remodel her home AND keep her valuable interest deductions? She solved her tax mystery at Citibank With only a little equity she took out a folly deductible Homeowner Loan It was easy It was approved in three days And she paid no closing costs Now her home is renovated and she saves hundreds on her taxes it Solve your Ihx Mysteries at Citibank Apply for a tax saving Homeowner Loan today Any homeowner indy quxiiiiy no matter now much equity you have Visit a nearby Citibank branch or call 1 800 321 2484 extension 2800 lo ima out how SOS BUAW Downtowr 409 Main at Clinton aotib 2310 Delaware Awnue (at Hertel) 8731233 AMHERCT 1205 Niagara 'aJls Boulevard (at Boulevard Mall 837 1900 CHEEKTOWAGA 3760 Union ftoad ('near Walden Galleria 684 8910 EASTERN HILLS 5225 Transit Road opp Maple Road) 631 9730 HAMBURG 5771 Camp Road 648 1 150 KE WORE 4 10 Kenmore Avenue 832 5445 NIAGARA ALLS 8400 Niagara alls Boulevard 297 6161 NORTH TONAWANDA 1007 Payne Avenue (at Mid City Plaza) 694 7320 WEST SENECA 1024 Union Road (at Southgate Plaza) 675 42 12 BUALO MORTGAGE CENTER409 Main at Clinton 849 2525 CITIBANK AOKXXPCOKWiy i A reqUiredt)Tallf ror Line Realty or ridenixl Loan AtxsovuiU Inttnwl on rtaiit uh be 5Juetlble In addition interest on apply lsna is UHiierall 6' bUt Oniy 10 1116 extfinl secured by your home do not exceed 100 of its value See your tax alviuoi tir Three day loan approval applies to Preferred line Ready Preferred loan Only No closing rest options pertain to all of our Homeowner Ioans The at on the Equity Source is luuu1 on II a mm Mn St61 Journal for the 25th of each month plea a 200 margin tow Pre Option or a I hOH i Rate Option) Prime Rate for ebruary 25 1990 was 10 malting your APR 12 or 11 50 renpactnfcly Hate fi An application fee of 115 to 275 depending on your property and its location is required to 0wn an ('lie 1 1 iw taOptionandpay no closing carts or select the tow Hate Option and an origination fee of 350 ul 1 isuiao reqiireo tanrwvvf1 Insurance and may require a property survey Thaw toed generally ranga num Ioans from IOO'fW to 500000 The APR for Preferred Line Rauty CieHI la Iri an1 1 Im foe ts 4000.