Newspapers / The Kings Mountain Herald … / Oct. 30, 1997, edition 1 / Page 11
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97. r n od id, ed. ity is a's up nd th |e October 30,1997 X Page 11A WINNERS ALL - These citizens won major awards at the- recent Woman's Club Fall Festival. Seated, from left, Marion Thomasson and Rev. E. C. Cooper. Back row, Lou Ballew, Betty Gamble, Sue Jean McCluney, Jessie Collins, Flo Davies and Mrs. Eugene Roberts. Briefs —$400;000," said Mayor Scott Long-term looks good for investors By WILLIAM MARCELLINO Special to the Herald On October 27, the Dow dropped 554 points, whereupon the NYSE halted trading at 3:30 p.m. EST. This was the biggest single day point loss in market. history, eclipsing the 508 point drop of October 19, 1987. The halt in trading was the first in the market's history, and was the result of curbs instituted af- ter the 1987 market crash. The US. stock sell-off was triggered by the collapse of Asian stock markets. That's the bad news. Here's the good news. Year- to-date, the Dow is still up 18 percent. U.S. economic funda- mentals are still strong. Bonds are benefiting from this flight to quality; the 30 year Treasury bond rose 1 22/32, dropping the yield to 6.15 percent, its lowest closing level since February 14, 1996. This situa- tion presents an excellent buy- ing opportunity. ** What does the future hold? Without a crystal ball, we have no way of knowing. Remember, smart investors don't panic in a time like this. On Monday and Tuesday 16 of my clients at ‘Edward Jones bought stocks; none sold. If you do choose to ‘take advantage of this buying opportunity, look to the high- quality blue-chip stocks. : Companies like GE, Coca-Cola, ‘and GM have been through and weathered good times and bad ‘times. The lesson to take out of “the wide fluctuations we've seen is the value of buying “quality investments and stick- ing to a long-term, buy and “hold investment philosophy. ‘First Citizens declares dividend + The board of directors of First «Citizens BancShares, Inc. de- :clared a quarterly dividend of +25 cents per share on the Class : A and Class B common stock. : The dividend is payable : January 5, 1998 to shareholders ¢ of record December 15, 1997. First Carolina holds stockholders meeting The annual stockholders meeting of First Carolina Federal Savings Bank was held at the corporate offices of the bank on October 27. Results of operations for the fiscal year ending March 31 and the cur- rent year to date September 30, were reviewed with stockhold- ers. The bank reported year to date earnings of $167,000 versus a previous year's loss of $1,000. A stock split in the former of a 25 percent stock dividend was declared by the board of direc- tors. The record date for the stock split was October 24. Payment of the stock dividend will be on November 24. For more information, contact Brenda Lovelace. Get election totals at City Hall Tuesday Pollwatchers won't have to drive 13 miles to Shelby to get the results of next Tuesday's -municipal and board of-educa- tion elections. They can go to Kings Mountain City Hall and see, ‘high. technology: ‘at. through the Internet. As precinct officials report to- tals at the Board of Elections Office in Shelby, numbers will be keyed into a computer, which will flash them almost in- stantaneously to a big screen television to be set up in the lobby of City Hall. Director of Elections Debra Blanton said unofficial election night results will be posted on the Internet. She said the Cleveland County Volunteer Fire Department will also be posting election night results. She said a runner will be sent to the Elections office at 310 East Dale Street periodically to ob- tain copies of the call-in sheets. Unofficial election results will be posted from these copies. Following canvass onFriday, November 7, when the results are made official, the unofficial vote totals on the internet will be changed to the official totals. The internet address for Cleveland County is: www.co.cleveland.nc.us. Just click on the Board of Elections Home Page and you are there. There is no substitute # for tradition. 00 Ln Sale *99 4carat .......Sale 199. - Beam i. Sale *399 Wem... Sale *499 Woah Sale °895 Team Ln Sale *995 EI The 9 iamond S ngagement 120... Sale %2,795 Lay-a-way Now for REE z ARNOLD'S - | “The Diamond Laie’ Zwety 226 S. Washington St., Shelby « 487-4521 H Ring 164 carat ...... Sale 3,995 1.75¢m8t ...... Sale®7,545 201 carat... Sale *8,900 253 carat .... Sale *16,320 3.36 carat .... Sale *16,830 Myrick wants stories on possible IRS abuse Rep. Sue Myrick is asking cit- izens to provide her with specif- ic examples of times they have paid the Internal Revenue Service money they do not feel like they owe, to prevent any future conflicts with the IRS. "As we begin to hear more IRS abuse stories from across the country, several constituents have informed me that they have received a payment notice from the IRS that they pay to avoid conflict," Rep. Myrick said. "The American people make these payments out of fear. This must quickly come to an end.” Send typed accounts to Representative Sue Myrick, 230 Cannon HOB, Washington, DC 20515. Do not send hand writ- ten accounts. They are subject to error in transcription. SONG SERVICE The Rochester Family will sing at Crowders Mountain - Baptist Church November 15 at 7 p.m. CITY COUNCIL AT- LARGE The Kings Mountain Herald Pilot Creek study share of the cost was approved at $8,400. Households to be served include eight homes of elderly, two homes of disabled, and two homes of single par- ents who must meet income cri- teria. Applications will be re- ceived at City Hall. _ Council sold. city-owned property on Cooke Circle to Betty Davis for $4,800 using the upset bid process. The board al- so directed the city clerk to in- vestigate a non-contiguous an- nexation petition request from Terry Conner. Councilman Dean Spear's motion to prohibit by resolution the posting of political signs 30 days prior to an election failed for lack of a second. "I'm as guilty as anybody," he said, "but I'm tired of looking at this mess of signs in town and A feasibility study which would address updating of the city's Pilot Creek Wastewater Treatment Plant was approved by City Council Tuesday night. City Manager Jimmy Maney was given the authority to pro- ceed with obtaining an engi- neering estimate of costs for the study." "We really need to upgrade this plant for future needs but the cost could run_ about Neisler. In other major business. of the meeting, the board voted to proceed with advertisements for bids for street paving. Engineer Al Moretz gave a de- tailed sketch of streets to be paved or repaired and said that the work hopefully will be com- pleted before bad weather. Chief Richard Reynolds an- nounced the receipt of a $28,744 approved we should have an ordinance prohibiting them." Council voted to post no parking signs on the west side of the street on North Roxford Road from Sherwood Lane to the intersection of Suzanne Street. Chief Reynolds said he had received numerous com- plaints of motorists parking near and in the curve at the in- tersection of Sherwood Lane. Council set December 16 at 7:30 p.m. as the date of the December meeting, approved a resolutin proclaiming American Education Week November 16- 22 and scheduled a Veterans Day service November 11 at 10 a.m. at Mountain Rest Cemetery. to fund a policeman's salary and computer equipment and Planning Director Steve Killian reported that the city had re- ceived-funding from the N. C. Housing Finance Agency for $299,625 to assist housing units through cost-effective energy- efficiency measures. The city's "MATTRE =<, Lowest Prices In Cleveland County VOTE L110 EO NOV. 4TH Kerosene = To] 4 Slat] 719 W. Main Street BRIDGES HARDWARE No Reel Hol N f= L i 100 S. Cansler St. at East King St. Forest City, NC 28043 i ERLE (704) 247-1460 THE EN / Check Our Prices - Before Buying! We Will Have The Lowest Prices! Your Choice of Serta Perfect Sleeper or Simmons Beauty Rest 20% Above Cost THE MATTRESS = IR0)%3D The Bedding Specialist BA mA SS STORE ee NC ee Largest Selection In Cleveland County ©Shelby Shopper 10/997 Glenn Angel 1730 Fallston Rd. (Hwy. 18N) Shelby, NC 28150 _ 3-1/2 miles North on Hwy. 18 North Hours. Mon. - Fri. 9 am - 5:30 pm Sat. 9 am - 4 pm . 1998 CONTOUR GL 8-EX-2 # hig Sh NA 7 6, £ogf 3 4 ! hi. > 0 f& ; ns Le [ron osadiindion ht § 8S ANY en + Keyless Entry Ford photo ls ? oot recor «Power Windows & Locks E21 $26,000 Y0a0e Ford, $33,525 o Aluminum Wheels Ford Ein ~ OH AL Tran hee «Ford Down Rearsear etal $18,435 . iw id Lind ta a bork + Power Windows & Locks o SE Al son Vis You Pay z slam 0 You Pai _d _..—1+8peed Control 0 Control Only $21 1 92 _. == at NAW... only $28,539 Al oni Poy $1 4,461 + Cassette + Cassette y ’ Stop By For These - Wade Ford 4 4 [4 a Raa $16,300 Killer iki « Sliding Rear | Window DF hs LJ * Aluminum Wheels You Pay . only $11,386 1997 TAURUS 7-TA-9 w s Rea $19,390 You Pay Only $14,596 BWE 1998 WINDSTAR ~~ _ [= 1998 MUSTANG 3 Wt E ; : She . Ford * Rear Spoiler Ford. . Smo nom $21,915 ‘ear Window Fel $17,595 Tt Fd $18,744 En inion Sar ho ; You P. + Aluminum Wheels a on Py $1 7,857 Only ® $1 5.322 * Speed Control You Pay ny 2 ’ * Power Windows & Locks Only $1 4,838 All Prices Are After All Rebates Including Ford's College Graduate Rebate All Payments Are Based On 39-Month Closed End Leases (Unless Otherwise Indicated) With $2,000 In Capitalized Cost Reductions (Except For 98 Explorer &F-150 SuperCab XLT Which Requires $3,000) Plus The Use Of All Applicable Rebates Including Ford's College Grad Rebate. In Addition. All Applicable Taxes. Tag Charges. Security Fees. And First Payment Must Be Made In Advance. All Leases Are Based On An Allowance Of 12,000 Miles Per Year. All Leases Are Based On Credit Approval. WADE FORD + Remote Keyless Entry 1997 PROBE NA 7-P-1 NW Highway 74 Business, Kings Mtn., NC 739-4743
The Kings Mountain Herald (Kings Mountain, N.C.)
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Oct. 30, 1997, edition 1
11
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