Business Briefs
Eaton, Lectron Products announce intent to merge
CLEVELAND. OH - Eaton
Corporation and Lectron
Products of Rochester Hills.
Mich.. today announced the
signing of a letter of intent
whereby Lectron will be
merged into Eaton.
With manufacturing facilities
at its Rochester Hills location in
Hamilton. Indiana. Lectron is a
leading supplier of electronic
and precision electric mechani-
cal controls for automotive
manufacturers. Lectron also
owns a minority interest in
Microtron. a minority-owned
automotive supplier in
Minneapolis. Minnesota.
Lectron's major product lines
include electronically-con-
trolled transmission valves,
speed sensitive steering sys-
tems, tone generators/chimes,
lighting controls, emission con-
trol valves. remote keyless entry
systems and remote actuated
solenoids for deck lid and fuel
door releases.
Lectron has more than 950
employees and had sales of
$128 million for the fiscal year
ended April 30. Its addition will
bring Eaton's automotive and
appliance control sales to nearly
$1 billion annually.
First Citizens Bank
announces earnings
First Citizens BancShares,
Inc., reports increased earnings
for the quarter ending
September 30. Net income was
$13.7 million, compared to
$12.5 million during g the third
quarter of 1993, an increase of
9.8 percent.
Per share income for the
quarter totaled $1.37, up from
the $1.28 earned in the corre-
sponding period of 1993, an in-
crease of 7 percent.
The corporation's net earn-
ings totaled $38 million for the
nine months, compared to $42.2
million earned during the nine-
month period in 1993, a de-
crease of 9.8 percent. Per share
income for the nine-month peri-
od totaled $3.86, an 11.3 per-
cent decrease from the $4.35
earned per share during the
same period last year.
The decrease in year-to-date
earnings is due primarily to t a
$15.6 million increase in non-
interest expense, a 10 percent
increase over the 1993 levels.
The higher levels of non-inter-
est expense are largely due to
salary costs as well as FDIC in-
surance expense and costs relat-
ed to the operation of the ex-
panding credit card portfolio.
BM The Board of directors of
First Citizens BancShares, Inc.,
today declared an increased
quarterly dividend on Class A
and Class B common stock. The
dividend has increased to 20
cents from 17.5 cents and is
payable January 2, 1995 to
shareholders of. record
December 5, 1994.
Eaton announces
sales and earnings
Eaton Corporation today an-
nounced record sales. earnings
and carnings per share for the
third quarter and the first nine
months of 1994. Net income for
the third quarter rose 91 percent
to $84 million, or $1.10 per
share. on sales of $1.5 billion.
>These results compare with
1993 third quarter net income of
$44 million, or 63 cents per
share. on sales of $1.1 billion.
For the first nine months of
1994. net income was $244 mil-
lion, or $3.25 per share, on sales
of $4.4 billion. These results
compare with 1993 nine-month
net income of $147 million, or
$2.12 per share, on sales of $3.3
billion.
Ann Greene named
Executive of Year
Ann Greene, Chief Executive
Officer at Cleveland Home
Health Agency in Shelby, has
been named the 1994-95
Executive of the Year by the
Gastonia Chapter of
Professional Secretaries
International.
The award is presented annu-
ally to a Gastonia Chapter
member's supervisor. Mrs.
Greene's name was submitted
by her administrative assistant,
Pat Costner of Shelby. In her
nomination letter, Mrs. Costner
wrote that Mrs. Greene "wants
to see all of us spending our en-
ergies working (both) alone and
together to create meaningful
services that will make a differ-
ence in the lives of people. She
challenges all of us to live to
our highest potential and to
prosper together peacefully."
PSI is dedicated to establish-
ing and improving standards of
office support personnel
through continuing education
and professional development.
The Gastonia Chapter serves
the Gaston County, Cleveland
County and Lincoln County ar-
eas. For membership informa-
tion, call Faye Redding at 864-
8351.
Security Capital
declares dividend
SALISBURY - Security
Capital Bancorp today an-
nounced its cash dividend.
David B. Jordan, Vice-
Chairman and Chief Executive
Officer, announced that on
October 27 the Board of
Directors declared a quarterly
cash dividend of 11 cents per
share payable on December 1 to
shareholders of record at the
close of business on November
13.
Security Capital Bancorp, a
bank holding company, operates
46 offices in 30 communities
located in 13 counties in the
south central and western
Piedmont regions of North
Carolina through its four bank-
ing subsidiaries.
Dennis
DAVIS
N.C. SENATE
PAID for by DAVIS for N.C. Senate Campaign
ohn's
Toy &
Hobby Shop
John's Toy & Hobby
Shop, in Gastonia's Gaston
Mall, has been in business
more than 34 years, always
family-owned, and always
community oriented. The
caring folks at John's are
now serving into the fourth
generation of families, be-
cause their customers keep
coming back, year after
year.
In fact, it is a tradition
with many area families to
buy a keepsake from John's
every Christmas, which can
be passed down to children
for years to come. It might
be a very special doll, a
stuffed bear, a nutcracker, a
tea set, a music box or any
collectible.
Customers also tell the
folks at John's Toy & Hobby
when they have come in to
buy the first toy for a new
baby there, because that's
exactly where their first toy
came from a generation
before.
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cairn)
STUDIO
Gaston Mall
Gastonia, NC
865-8141
CAROLINA POOLS, SPAS & PATIOS
1312 W. Second Ave., Gastonia, NC * 865-9586
155 W. Dixon (74 Bypass), Shelby, NC
484-0873
Now the staff knows its
returning customers so well
that they canbuy to fill their
needs. They know what to
provide for the child who is
deeply into science, or
whether another would en-
joy playing family games,
building airplanes, or do-
ing a craft project.
Over the years, custom-
ers have come to expect
John's Toy & Hobby to ex-
celinthe items they stock—
specifically in the offering
of dolls. Their shelves are
full of beautiful little faces
designed by Madame
Alexander and Lee
Middleton, as well as series
of World Dolls, Gone With
The Wind, Barefoot Babies,
Precious Moments and
more.
John's carries all of the
collectible Barbies as they
are available, as well as
machine washable dolls for
young children, modestly
priced porcelain dolls for
all ages, and porcelain art-
ist dolls in exclusive de-
signs that can be valuable
collectors items for years to
come.
The store also carries lim-
ited edition bears, and even
brings in artists from time
to time to sign both designer
bears and dolls.
The people at John's Toy
& Hobby are very proud of
their ‘selection of collect-
ible gnomes by Dr. Tom
Clark. The shop not only
carries every active piece,
2?
Furniture 2
824-8133
NE Gastonia, NC iy
On op RY
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3805 South New Hope Road
OPEN Mon.-Sat. 9 10 6
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No Extra Charge for Lay-A-Way
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sLiving Rooms +Dining Rooms
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Glen Harry (right), hobby buyer for John's Toy & Hob
by Shop, teaches
new employee Lee Huskins about collectible gnomes. =
but has the honor of being a
secondary market dealer as
well. In other words, if de-
sired pieces are not in their
store they will look through
the secondary market to find
them.
Among their many other
collectibles are carousel
horses, lighthouses, villag-
ers by Hudson, Emmette
Kelly Jr. and Anna-Lee
figurines.
The hobby department is
the most versatile in the
area, with trains, models,
hobby tools, R/C ready to
fly planes, all brushes,
paints and adhesives.
John's Toy & Hobby lis-
tens and responds to the
needs of their customers
with year-in, no charge lay-
away and acceptance of all
major credit cards.
Beginning Thanksgiving
week, the store will be open
until 9 p.m. Monday
through Friday throughout
the Christmas shopping sea-
son. Calls are welcome to
check on availability of
merchandise.
Sea the World
of Wicker at
Az
of
Across from 1-85/321 Flea Market on 4%
Old Highway 321 N. of Dallas 3%
BIGGEST SELECTION OF |}
WICKER in this area
Also; Pottery, Statues,
Fountains, Bird Baths,
Fish Ponds
922-9010
RP Teds sii tai ss vA TA EAT ows ERE ay
FH
NOW HIRING!
SPINNERS
WINDER TENDERS
DOFFERS
TWISTER TENDERS
12 Hour Shifts, in Gastonia area.
Apply 9 am to 11 am &
2 pm to 4 pm.
Monday-Thursday, 1508 S. York Rd.
Jo | ABEL
| 33 PERSONNEL
1508 South York Road
Gastonia, NC (704) 864-1224
(803) 222-2457 y
Offering A Complete Line Of =
Furniture & Accessories |
Mon.-Fri. 9-5:30 » Sat. 9-4
Samaritan
Home Care, Inc.
Non-Medical Care For All Ages
Childcare e Eldercare
Sitters ® Companions ® Housekeepers
I -
fot Teresa Wolf
President
Bonded & Insured
209 W. 2nd Ave.
Allbright & Sumner Sign
Gastonia, NC 28054
(704) 866-4596
Gli
*Ballet *Pointe (Fittings) * Tap Jazz * Clogging Lyrical i
*Leotards Tights eBags *Taps ® Accessories ho
New Location Gaston Mall N
401 Cox Rd. Gastonia, NC 28053 (704) 864-6700 x
DANCEWEAR 4
"For Dancers by Dancers”
Hours: Mon.-Thurs. 10:00 am to 8:00 pm Fri.-Sat. 10:00 am to 5:00 pm
Carona
Long and Short-term Assignments
Textiles © Light Industrial ® Clerical ® Professionals
Computer Testing and Free Training Available
Call 868-2053 - Gastonia » 588-0961 - Charlotte
JANET WILSON, President/Owner
YEMPORARIES
Classic Marble & Tile
3906 Hickory Grove Road, Mount Holly, NC 28120 «Phone (704) 822-6710 Fax (704) 822-0315
Specializing In Sales. & Installation Of Cultured Marble Products & Ceramic Tile
“Setting The Standard Of Excellence”
o Cultured Marble And Onyx s Tubs-Whitloools-Vanity Tops » Accessories
RR
Ww
AY
Get A New Look For Fall!
Cuts $8.00 Includes Shampoo & Cut
Perms $19.95 & Up Includes cut. Color treated & long hair slightly higher.
Spiral Perms $24.95 & Up. Includes cut.
We Now Have EUROPEAN TOUCH FIBERGLASS NAILS! $25. Full Set
Owners/Operators Nancy Hovis & Angela Hoyle
Curls Cuts & Co. "« INS WELCOME
GASTON MALL - Beside Mary Jo's
861-8320
@
Come By And Visit Our Showroom
For A Special Discount