The Roanoke Times from Roanoke, Virginia • 9

Limited partnership sought for Channel 27 By" JE DeBELL Staff writer Roanoke Christian Broadcast ing Inc holder of the construction permit for Channel 27 in Roanoke since 1983 has asked the ederal Communications Commission to as sign the permit to new ownership in which the corporation has only a mi nqtity interest comedies as Beverly Hillbil Love and Andy Griffith Roanoke Christian Broadcast ing received the broadcast license for Channel 27 in January 1983 and the construction permit in July 1984 However appeals by another applicant kept the project tied up in court or the federal bureaucracy un til the final decision in Roanoke Christian favor last October Roanoke Times World Nr riday March 21 1986 A9 Bitter accusations mark two week old strike at TWA Associated Press NEW YORK The strike by Trans World Airlines flight attendants reached the two week mark today with no talks scheduled and bitter ac cusations of misinformation by both sides The airline predicted near normal operations by this weekend and the union accused TWA chairman Carl Icahn of harassing strikers through the mail is sending letters to the work force that the fight is Victoria rankovich president of the Independent ederation of light Atten dants said in a telephone interview Thursday in fact he need these people he be harassing Icahn said in a telephone interview that he informed the strikers by mail that new hires would be permanently assigned as of today not in any way harassing them just the he said believe some of the attendants have been misguided and would hate to see them really be hurt because being misguided by Miss rankovich after the fact a lot of flight attendants are going to find that they just have a place to come back Icahn who owns 52 percent of the stock has demanded that attendants accept a 22 percent pay cut When the strike began the airline jvhich re ported losses of $1931 million last year unilater ally implemented the 22 percent pay cut Until then the attendants had a base pay of $16000 to $28000 a year depending on their expedience However with average experience lof years most of them made between $33000 and $36000 a year including overtime according to union and company officials Christian Broadcast ing initiated the change in an effort to get the project said Llewellyn ischer president of the corporation If approval is granted the per mit will go to a limited partnership called amily Group Limited The partners are Ian Wheeler (25 per cent) Henry Ash (70 percent) and Roanoke Christian Broadcasting (5 percent) Wheeler and Ash live in Tampa ischer said Channel 27 can be crtf the air by end every thing works as Broadcast ing under the call letters WVT (for Virginia amily Televi the station will emphasize movies and such vintage network BUSINESS gDI(jEST IU 1 starts delivering directories Monday Chesapeake Potomac Tele phone Co will start delivering 1986 Roanoke Valley directories on Mon day John Schear Roanoke manager for said the cover features an rendering of Poplar orest the country villa built by Thomas Jefferson in Bedford County Poplar orest used by Jeffer son as a retreat from 1809 to 1826 is undergoing restoration 1 Schear said about 163000 cop ies of the new phone directory should be delivered to customers by April 10 Staff report Lowe's Cos raises quarterly dividend The quarterly dividend of Cos Inc has been raised from to 10 cents per share with the payment of April 30 to stockholders pf record on April 11 a North Wilkesboro NC company operating 284 stores in 21 states recently reported a 26 percent increase in its ebruary sales i Staff report JM Turner completes rigid reeze expansion Besides delaying the start of broadcasts ischer said the ap peals created an air of uncertainty that made it hard to attract inves tors Roanoke Christian Broadcast ing finally decided to relinquish controlling interest in order to get the family oriented station on the air as soon as possible ischer said objective all along has been to have an alternative to the programs that a number of people find because of violence and sexual content he said There will not be extensive religious pro gramming WVT will have its offices and studios in Roanoke The tower is to go on Poor Mountain on land leased from WDBJ TV (Channel 7) Thomas Smith partner in Roa noke Christian Broadcasting will be general manager of the station DOLLARMETALS LONDON The US dollar edged lower against an maior currencies except the Canadian dollar in light European trading early today Gold bullion prices rose slightly Currency traders said market participants were reluctant to take large positions ahead of the weekend Closure of Japanese markets today for a holiday added to the market's lethargy they said Continued speculation that the Organization of Petroleum Exporting Countries might be on the verge of agreement on cutting oil production con tinued to prop up the British pound The pound was quoted at $14978 up from $14865 late Thursday Other mldmornlng dollar rates compared with late Thursday: 22500 West German marks down from 2 2520 18865 Swiss francs down from 18890 69225 rench francs down from 69300 25400 Dutch guilders down from 25420 152950 Italian lire down from 153325 140175 Canadian dollars up from 13940 The dollar was quoted at 17605 Japanese yen In London down from 17680 yen In Tokyo Thursday London's five main bullion houses fixed a rec ommended gold price of $35135 a troy ounce up from $35000 late Thursday $351 0Qld W8S bld at in Zurch' up from Earlier In Hong Kong the metal closed at a bld of $35116 up from $35062 Silver bullion was quoted In London at a bld of $576 an ounce up from $574 Associated Prsss OOOOQOOOOOOOOOOOOOOOOOOOOQt Downtown Postal Station in the Poff Building WILL HAVE A NEW PHONE NUMBER 343 3578 Effective March 25 1986 OOCXXXXXXXXOOOOOOOOOOOOOQOOOOOOOOOOOO NOTICE PARTIAL REDEMPTION To the Holders of APPALACHIAN POWER COMPANY $265 Cumulative Preferred Stock NOTICE IS HEREBY GIVEN that in accordance with the provisions of subdivision (3) of Article of the Restated Articles of Incorporation of Appalachian Power Company (the "Com and the amendment thereto setting forth the Designation Description and Terms of the $265 Cumulative Preferred Stock an aggregate of 160000 shares of the $265 Cumulative Pre ferred Stock of the Company has been called for redemption through operation of the sinking fund and will be redeemed on May 1 1986 at the redemption price of $2500 per share As provided in the Restated Articles of Incorporation the shares to be redeemed have been selected by lot A copy of the Notice of Partial Redemption setting forth the numbers of the certif icates or portions thereof selected will be mailed to each holder whose shares have been selected Conies of the Notice of Partial Redemption may be obtained from the Sinking und Agent at the address indicated in the next paragraph The designated certificates should be presented and surrendered at the office of Morgan Guaranty Trust Company of New York Sinking und Agent Ground loor Tellers Tenders Exchanges Department 30 West Broadway New York NY 10015 On or after May 1 1986 the Sinking und Agent will pay to the holders thereof the redemption price of $2500 per share to the extent of the shares represented thereby called for redemption Dividends accrued to May 1 1986 on the shares called for redemption will be paid by checks mailed to the registered holders thereof in the usual manner None of the certificates representing shares of $265 Cumulative Preferred Stock called for redemption may be transferred henceforth on the books of the Company APPALACHIAN POWER COMPANY IJyG Maloney Vice President Dated: March 21 1986 THE CAR THAT MAKES ALL THE OTHERS LOOK OLD MERCURY The shape jkLf? you want to be in I 'fl hi 1 hr Tir i Yi i 3 I Jr W1VW fa Hi 0 JM Turner and Co Inc of Sa lem has completed construction of a 30000 square foot expansion at rigid reeze oods Inc in Salem An addition to a freezer and a Storage and loading dock were built ground the existing facility accord ing to Jay Turner vice president of the contracting firm Staff report Sovran inancial will build Henrico complex Sovran inancial Corp plans to construct an operations complex land a headquarters for Sovran Mortgage Corp on a 170 acre tract 'next to the St Villa campus the intersection of US 1 and Par iiam Road in Henrico County The executive com jmittee approved an option to buythe land An operations building of300000 square feet and a mortgage Jieadquarters of 125000 square feet Jare proposed to be occupied by mid 1969 at a total cost of $60 million Staff report 4 5 Bluefield Supply posts loss of $65 million Bluefield Supply Co facing a cutback and sale of much of its op erations reported a loss of $65 mil lion despite a 102 percent gain in sales from continuing operations last year The sales figure was $656million BW Harvey president said the heavy equipment industry has a Jgood long range potential despite its present excess capacity Coal min ing appears to be facing another dif ficult year with an oversupplied Jnarket he said Harvey said a stockholder distribution of at least $12 a share in excess funds from a teldsed pension plan could be made by May I Staff report OOD Wednesday PM i Thursday AM Roanoke Times (Of World News ROANOKE TIMES Io 78 OMITMC SW The Weather ROANOKE: rtdiy mortiy sunny ud cooler Hiffa ui Um mid 40i Rojnoke Virginia riday Morning March 19 1965 Today'i Ch I I tl 1 Lh Hi 3 ii Col Pavel Belyayev Lt Col Alexei Leonov Millions Watch 2 Man Team On Television By RED COLEMAN MOSCOW (AP): An intrepid Russian cosmonaut took first free swim in space Thursday apparently putting the Soviet Union months ahead of the United States in preparations for the race to the moon Early riday he and his anchorman were still in orbit aboard their spacecraft They reappeared over Soviet territory early riday in the two man Voskhod 2 It was their 13th orbit of the earth and Moscow radio announcing it gave no hint that they might land soon or try further steps outside the ship Millions of viewers in the Soviet Union saw' direct television coverage of first step into space Then he returned to the cabin of his two man spacecraft the Voskhod 2 as the Soviet Union took another giant stride in the race for the moon Millions watched the exploit on television while the official news agency Tass poured out details It was the second Soviet team flight in one space capsule following a three man 16 orbit trip last October It came only five days before first planned attempt to orbit a spacecraft w'ith more than one man aboard At Cape Kennedy la astronauts Virgil I Grissom and John Young began a full dress rehearsal for their three orbit flight Tuesday Alexei Leonov 30 a chunky lieutenant colonel and a gifted artist became the first man in history to step into outer space More than half of his 10 miniite slowly spinning maneuver in space was seen on Soviet television sets Tass reported that Leonov and the 2 commander Col Pavel Belyayev 40 were well after they had successfully pulled off the dramatic 1 venture into space It came at the beginning of the1 second orbit Tass said the orbit ranged from an altitude of A 1075 miles to 3075 miles the highest ever foCa manned spaceship The previous high was the 71 miles reached by the three cosmonauts in Voskhod All systems aboard the Voskhod were working normally Tass said IRST CENTURY Roanoke Times World News A scries of memorable articles reprinted as they were orip inally' written 8 i 11 7 NCOLN PM if.