Business/Industry
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Lumbee River EMC Director Honored
Elias Rogers of Rt. 1, Red Springs, president of the board of l.umbee
River Electric Membership Corporation, Red Springs (right) accepts a pla
que honoring him from Bob McDuffie, manager of Randolph EMC,
Asheboro, and president of the IS.C. Association of Electric
Cooperatives. The "meritorious service " award cited Rogers for his 15
years of service to the rural electric program.
Tex-Elastic Sale OK'd
(Continued from page 1A)
Equipment at Tex-Elastic has
also recently been revamped and
improved, which is another incen
tive for purchasing the facility, he
added.
According to the regulations
governing the bonds, the funds
must be used for the purchase and
the first year's interest only.
In addition, Askew said JRA
planned to spend about $50,000 on
modernization of the Raeford
plant.
The bonds will be handled by the
Charlotte law firm of Helms,
Mulliss and Johnston and pro
bably will be sold to a North
Carolina bank.
These type of bonds will pro
bably carry a floating interest rate
of 73?'o of prime for a period of 10
to 12 years, law firm spokesman
Lloyd McKeithan said.
GRAND OPENING
Cllm's Potpourri
W. Prospect Ave. Hwy. 21 1 W.
Located Between Buoyer's Bait & Tackle & Stone Fireplace Center
MARCH 26 & 27
HANDMADE CRAFTS
QUILTS
SOCK DOLLS
SOFT
SCULPTURE DOLLS
MANY GIFT IDEAS
STUFFED ANIMALS
Sat. 9-5
Sun. 1 - 5
PILLOWS
CHRISTMAS CORNER
NUMEROUS OTHER
CRAFT ITEMS
FREE COKE
REGISTER FOR
FREE PRIZES
Heritage Federal Joins
State Brokerage System
Capital Discount Brokerage
Inc., a new subsidiary of the North
Carolina Savings & Loan League,
began business on Wednesday
morning, March 16, with the first
symbolic trade conducted by
former U.S. Senator Robert
Morgan.
Morgan was a Member of the
Senate Banking and Finance Com
mittee when the current deregula
tion of the financial industry was
put into effect which allows sav
ings and loans to be involved in
endeavors such as discount
brokerage.
Capital Discount Brokerage Inc.
will make discount brokerage ser
vices available through 78 par
ticipating savings and loan associa
tions in North Carolina including
Heritage Federal here.
"With over 300 branch office
locations offering our service,
which we call Dial-a-Trade, we are
the largest brokerage network in
the state," said Harry T. Edwards,
Executive Vice President of
Capital Discount Brokerage, Inc.
According to Edwards,
customers of Dial-A-Trade will be
able to save up to 70% on
brokerage commissions.
"Also, these people will have the
convenience of setting up their
brokerage account at their
neighborhood savings and loan
association where many of them
already do business," continued
Edwards.
Shoe Show Completes Month Here
SHOE SHOW has completed its
first month in Raeford-Hoke
Village Shopping Center in
Raeford.
The store carries a complete line
of popular price footwear in
cluding, dress, casual, sport and
work shoes.
Store hours are Monday through
Saturday, 10 a.m. to 9 p.m. and
Sunday, 1 p.m. to 6 p.m.
The store is managed by Marsha
Gentry.
SHOE SHOW which started in
Kannapolis, N.C. in 1960 repor
ting sales of $55,000 the first year,
has become a $24 million dollar a
year business.
The company has grown to 116
shoe stores and 7 men's clothing
stores, which are located in North
Carolina, South Carolina,
Virginia, West Virginia, Ten
nessee, Kentucky, Maryland and
Washington, D C. SHOE SHOW
stores are located in strip shopping
centers, malls and free standing
locations.
The founder of the company,
Robert B. T ucker, began his career
in the shoe business by working
part-time selling shoes during his
senior year in high school.
At the age of 22 he opened his
first store in downtown Kan
napolis, N.C. In the beginning.
Tucker bought surplus, name
brand stock trom prestigious
stores, warehoused them until the
JSK3K7
Super Denim Jeans Sale!
99
Boys' And
Girls' Sizes
Men's And
Ladies' Sizes
Fashion denim jeans with back pocket
treatments Boys' sizes 4 to 18, girls
sizes 4 to 1 4 and ladies sizes 5 6 to
15 16 and 8 to 18 Men s five pocket
western denim |eans in sizes 28 to 38
Quaker State
Motor Oil
Regularly 1.03!
Regular 30W or
HD30 motor oil
Limit 5 quarts
Ladies'
Casuals
Canvas oxford
tennis shoes or
ballerina casuals
Prices Good At All Family Dollar Stores
Through This Weekend. Quantities Limited
On Some Items. No Sales To Dealers.
Easter Novelties
8 oz chocolate flavored
eggs. 2% oz. miniature
bunnies and empty
Easter baskets
Plastic Easter Eggs 2 For '1
Main It.
Mon. thru Set. S ? S
Son. 1-*
appropriate season and then sold
them at bargain prices.
Now the company employs five
buyers who purchase shoes, hand
bags and accessories for the entire
family from major manufacturers.
The buying is done in volume in
order to get lower prices which can
be passed on to the customer.
The first store employed Tucker,
his wife, and one part-time
employee. The chain now employs
approximately 500 people in its
various locations.
SHOE SHOW's inventory con
trol system is computerized and is
done from their home office in
Kannapolis.
The company employs one full
time person in real estate to look
for new locations and negotiate
leases.
Taking into account the present
economy, SHOE SHOW's short
term expansion calls for 10 to 15
stores a year, but long range plans
are to double the number of stores
in the next five years. Over the
years the company's growth has
been steady, with expansion
financed through retained earn
ings.
SHOE SHOW looks forward to
providing both quality and fashion
in shoes and accessories to the peo
ple of Raeford.
Recent legislation provided a
7.4?7o increase in Veterans Ad
ministration compensation checks
to America's service-disabled
veterans and their dependents.
HAZtl KAY TOURS
MARCH 23-27
Florida Disney World & Epcof *175
APRIL 7-10 ? Noshville, Tenn.
Grand OleOpry *175
APRIL 9 - Azalea Festival .....
Wilmington *32
A Pill 15-17 Charleston, S.C.
Histor. 3 Day Escorted Tour*135
APRIL 20-24
Disneyworld & Epcot 175
APRIL 22-24 -Washington DC M30
Call 875-2423 Mary Ruth Hair
Bird , plane , superman?
/Vo. All these people are waiting in line at the opening of the UCB 24
machine, which featured a demonstration of the machine and free barbe
que.
CP&L Declares Dividend
Directors of Carolina Power &
Light Co. meeting March 16 at the
company's headquarters in
Raleigh declared a common divi
dend of 60 cents per share, payable
on May 2 to shareholders of record
on April 8.
Directors also declared the usual
quarterly dividends on preferred
and preference stock. Dividends at
the prescribed rate for preferred
stock are SI. 25 per share on the $5
series; $1 .05 per share on the $4.20
series; $1 .36 per share on the $5.44
series; $2,275 per share on the
$9.10 series; $1.9875 per share on
the $7.95 series; $1 .93 per share on
the $7.72 series; $2.12 per share on
the $8.48 series; $2.79 per share on
the $11.16 series and $3.50 per
share on the $14. series. A divi
dend of $.66875 was declared on
the $2,675 Series A Preference
Stock.
The preferred and preference
quarterly dividends are payable on
July 1 to shareholders on record as
of June 15.
Brooks Completes Basic Training
Pfc. Cordelia A. Brooks,
daughter of Robert E. and Annie
E. Brooks of Route 2, Red
Springs, has completed basic train
ing at Fort Jackson, S.C.
During the training, students
received instruction in drill and
ceremonies, weapons, map
reading, tactics, military courtesy,
military justice, first aid, and Ar
my history and traditions.
Brooks is a 1981 graduate of
Red Springs High School.
Tommy Graham Completes Basic
Pvt. Tommy A. Graham, son of
Mary G. Jones and stepson of
Robert L. Jones of 1004 N.
Jackson St., Raeford, N.C., has
completed basic training at Fort
Leonard Wood, Mo.
During the training, students
received instruction in drill and
ceremonies, weapons, map
reading, tactics, military courtesy,
military justice, first aid, and Ar
my history and traditions.
LADIES - SAVE 8.05
00 Reg. 6.99
Multi-Section Clutch
Assorted Colors
4/VO
White, red,
? or navy.
690 l0
Wine or Navy
Shoe
Show