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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

May 29, 1979

Page

7

Kapok Tree Inn reports 12 week sales rise and earnings drop

Kapok Tree Inns Corp announces 12 week period ended April sales of 5.868 million, up 11 thousand from last year, with earnings of 596 thousand versus 772 thousand prior year. Earnings per share are 20 cents, down from 26 cents. The Peter Pan Inn Urbana, part of the chain, reports 28 week sales of 1.717 million, up 78 thousand, with earnings of 552 thousand versus 670 thousand prior year and 18 cent per share versus 36 cents. Customer count declines 6 percent.

Kopok Tree Inns Corp Clearwater Fla Urbana

Woolworth Co reports April sales up 24 percent

Woolworth Co reports four weeks ended April 24 sales of 501.259 million, up 24.2 percent from 403.688 million a year before. For 13 weeks, sales reach 1.381526 billion, up 12.7 percent from 1.225718 billion. Domestic April sales rise 24.9 percent, foreign sales up 22.8 percent in US dollars.

FW. Woolworth Co U. S

Way 25 1979 Business Add Tuesday Edition

Classifieds and financial notices appear in the Tuesday May 25 1979 edition page Add section. Listings cover stocks bonds and market summaries with brief company notices and pricing ranges.

Consol Chief Urges Lifting Unreasonable Coal Rules

Consol's R E Samples urges the U S government to remove costly restrictive air standards hindering coal use. He says relaxing sulfur dioxide limits and revising surface mining rules would lower costs, boost utilities power, ease oil shortages, and allow better regulatory flexibility amid energy concerns.

Consolidation Coal Co Pittsburgh Senate R.E. Samples National Code Association William N. Poundstone Consol Poundstone Interior Department Samples Congress Appalachia Walter D. Huddleston D-Ky James R. Jones Peabody Coal Co St. Louis Jerry L. Lombardo Island Creek Coal Co Lexington Jones Peabody State of Wyoming

Derailment in Huntington halts trains. cyanide cars aground

Chessie System workers secured the scene after a four tank car derailment Saturday in Huntington West Virginia near Th Ave and Hal Greer Blvd. The cars held hydrocyanic acid, a poison gas, owned by DuPont. The shipment ran from Memphis Tennessee to Belle West Virginia. Initial report says no leak and no evacuations. No cause given.

Chessie System Huntington Yard Th Ave Hal Greer Huntington W. Va DuPom Company Memphis

Getty Oil reports first quarter 1979 earnings up sharply

Getty Oil Co reports total net income of 79 first quarter 1979 at $1.09 per share versus 93 cents in 1978. Domestic earnings rose to 80 million from 37 million. foreign operations climbed to 272 million from 127 million, driven by North Sea UK production and higher prices. Capital spending was 232.4 million, sales and other revenues reached 1.1 billion, and working capital from operations stood at 288.7 million.

Getty Oil Co Getty United Kingdom North Sea

Independent phone firms plan expansion in 1979

The U S Independent Telephone Assn forecasts 1979 will see $3.7 billion spent on new equipment to expand and improve service. Independent companies expect a six percent growth, total plant investment of $30.7 billion, and operating revenues rising about 10 percent to $9 billion. They operate in over half the nation’s telephone territory and serve Puerto Rico, the Virgin Islands, Guam, and several Pacific islands.

U. S. Independent Telephone Assn Totel U. S Puerto Rico Virgin Islands Guam Pacific Ocean

Contracts Awarded to North American Philips for Armature Relays

Government contracts totaling 55 432 have been awarded North American Philips Controls Corp in Frederick by the Defense Electronics Supply Center Dayton Ohio. The award covers manufacture of 4 414 armature relays. The center is a field activity of the Defense Logistics Agency with headquarters at Cameron Station Virginia. It procures manages and supplies common electronic parts used by the armed services and other government agencies.

Philips Controls Corp Frederick Defense Electronics Supply Center Dayton Ohio Defense Logistics Agency Cameron Station Armed Services

Rationing coupons satire targets Carter era politics

A satirical column imagines issuing rationing coupons to every sector of government and economy. It lampoons President Carter and Congress for prioritizing reelection and political interests over national needs, proposing absurd coupon schemes for energy, forecasts, industry, and markets.

New York Carter Congress White House

Oil decontrol reopens broad national energy debate

John Conniff details how President Carter’s move to end price controls on U.S. oil and tax windfall profits to fund an Energy Security Fund ignites a overhaul of the economic system arguments. He outlines the clash between market devotees and pro-government planners, forecasting a heated public battle through 1981.

New York Carter

Stocks of Local Interest Market Closed Monday

Market overview notes stocks of local interest closed for the day Monday with no further trading activity reported. Investors monitored regional indicators and awaited next sessions for renewed activity.

Roof inspection after storm advised in Toledo

After a storm in Toledo Ohio homeowners are urged to inspect roofs for loose or torn shingles. Owens Corning Fiberglas Corp notes wind and rain can dislodge shingles allowing water intrusion. If detected early, often only one shingle must be replaced to prevent deck rot and further roof damage.

Owens-Corning Fiberglas Corp

Also Mentioned on This Page

Woolworth Co Che Frederick U.S Consol Chief Plete. Lombardo Environmental Protection Agency Office of Surface Mining Mine Safety and Health Administration Corps of Engineers Getty Oil Louis Rakeyser Treasury Michael Blumenthal Walter Mondale Marine Guards America General Motors Wall Street OPEC John Conniff the Associated Press Dow Jones Ally Pwiik — Alph Port Balt GE Bethst Chessie Clorox CocaCl Exxon Fairchild Forder Bae Fintkt Giant A&p Gulf Oil Harris IBM Kmart Litton Marriott Corp Natl Cp Penney Peop Dr Plantm Sears Tandy Texaco Warner Lab Robert Hooper Baker, Watts & Co LAND Mt. Airy U.S. Postal Service U.S. Postal Service P.O Columbia Toledo, Ohio Tyear Aasus Soemmem Ackano Our Menge IRA Tae Etropolitan Federal Savings and Loan Association MAN Rowte Bil Frachetick Men Stock Savings and Loan Association Maryland
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