OCR Text |
Show ENTERPRISE '1 . ft Warshaw nets$1 .7 million in sale r? Grand Central said Thursday it has purchased 200,000 shares, or about 8.5 percent of its outstanding presently Keith Warshaw & from stock, the quoted market price on the American Stock Exchange, and was below the book value of the shares. Company for $1.7 million. Grand Central paid $8.50 per The Grand Central directors also declared a regular f 'i u i I' s share. Keith Warshaw & Company is a corporation controlled by Keith M. Warshaw, an outside director of Grand Central. Warshaw couldnt be reached Thursday to comment on his reason for selling, but Grand Central said it found the offer attractive because the purchase price was below Appliance dealer opening in SLC Denver based wholesaler and retailer of major appliances will open a branch in Salt Lake City about April 1 . The Ray Jones Washing Machine Co. will be located at A 3336 So. 300 E. The Salt Lake store becomes the fifth branch for Ray Jones, according to general manager, Ray Hanna. With inventory and remodeling, our total costs of setting up the new Salt Lake branch will come to $300,000," said Hanna. Jones will employ four Ray Jones Washing Machine Co. has been in busi- ness since 1931, according to Hanna. of 10 cents per share April 14, to shareof record on March 200,000 shares purchased by the company will not participate in the malfeasance. Phillip G. Wagers, owner of 25 percent of Atlas stock, filed the complaint on behalf of other shareholders and Atlas against Lyle Hull. Sr., Lyle Hull, Jr.. botw owning 25 per- cent of the company's stock, and Janet Hull. Also named as a defendant in the complaint is Exccl-Wc- Truckers in buying The Utah Independent 364-180- MKD 1 COWAN'S RETAIL SYSTEMS 278 East 9th South SALT LAKE CITY. UTAH BATH electronic cash registers BO East 39th South A Professional Building of Excellence 1521 per power unit." counts about 420 truckers among its ranks, he Our goal is to get said. about half of them purchasing from us," Shaw added. Space is now being offered in a unique and beautiful building near St. Mark's Hospital. Nineteen thousand space is available. It square feet of thoughtfully-designe- d is ideally suited to professionals, and its glass and solar film design presents a striking architectural statement as well as a most pleasant working environment. The building location with parking for up provides an ideal Holladay-arc- a to 0 ears. For information call: for their personal use. without the knowledge or approval of Atlas. The complaint also claims Excel-Wel- d is an alter ego of John Billinis the Hulls. or 801-534-04- 89 The complaint asks for a total of $500,000 in damages, and seeks a temporary re- 277-174- 4 501 Deseret Plaza Building Salt Lake City, Utah 84111 straining order to prevent the Hulls from entering Atlas property. THE NEW SPACE-SAVIN- G WORKBENCH WORKSPACE NOW you can have a strong workbench, sewing center, hobby area, garden center, outdoor cooking and BBQ center or a desk and study area that is truly convenient. WORKSPACE folds out when you need it, folds away neatly when you are done. Perfect for condominiums, cabins and trailors! Excellent in homes and garages where space is important! WORKSPACE comes in three models: 52" cabinet with hobbytable; 52" cabinet with E8& lifiESsSiraass iu several models beginning at $295.00 co-o- p possible gross revenues for the coming year. non-prof- it MATTRESSES s information Complete intermediate and final totals He had no estimate of Truckers Association has formed a corporation to buy tires, oil and batteries for its members. President James E. Shaw says it's a wav private operators can cut operating expenses. Called the Owners Operators Purchasing Service Inc., the new organization has already negotiated and secured purchasing agreements with Sears for tires and batteries, added Shaw. Shaw, who is also the president of the ITA, said members of the association would probably save from 15 to 17 percent on these purchases." The newr corporation will be capitalized with 1,000 shares of stock which will be sold to ITA members for $100 a share. Shaw said minimum stock purchase requirement for any member is one share d. 25514 nsn for full 7 clerk totals (8011 Inc., a partnership formed bv the Hulls. According to the complaint, Hull Jr., who is the president, and Hull, Sr., who is the vice president, used their positions with Atlas to steer business to Excel-WelThe suit also claims the two used Atlas funds and property ' ;J l;h MATTRESS AREHOUSE Journal tape Departments management ki AUHSMITHS 12 for Shareholder suing Atlas One shareholder of Atlas Truck and Trailer Accessories filed suit in Third District Court last week against two other shareholders charging them with embezzlement and The Answer to Modem Marketing. dividend payable holders 31. The ITA people. 15 WORBFNCH onlyat workbench and woodworking vise; and a large deluxe 78" cabinet model with workbench and woodworking vise. Easily affordable, WORKSPACE provides real economy! Call for prices today! SUNRISE DISTRIBUTING 353 North Main, Midvale V ' " ; HOBBY TABLE 566-171- 2 |