Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, January 22, 1992 TAG: 9201220165
SECTION: BUSINESS PAGE: B-4 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Gift of salt means Roanoke's coveredShould Roanoke ever see snow again, drivers will be able to thank Norfolk Southern Corp. for the clean, but salty, roads.
The Norfolk-based transportation company said Tuesday it will give Roanoke $4,800 worth of road salt. A ceremony was scheduled for early this morning at a Norfolk Southern crossing off Hollins Street. The salt was ordered last year for delivery to de-ice tracks at Portsmouth, Ohio, but was never used. It has been sitting in a boxcar that the railroad now needs for other purposes, the company said. The boxcar holds nearly 66,000 pounds of salt. - Staff report
Gasoline prices fall to prewar levels
NEW YORK - The price of gasoline at the pump has fallen to its lowest level since just before Iraq invaded Kuwait, the American Automobile Association said Tuesday.
The average nationwide price for a gallon of self-serve regular unleaded was $1.068, down 1.4 cents for the week, the auto club said. It was the lowest price since July 25, 1990, when it cost $1.05 per gallon.
The price actually is even cheaper than before the Kuwait invasion, because subsequent federal, state and local taxes have added more than a nickel a gallon to what motorists pay. - Associated Press
Furniture firm signs new overseas pact
American of Martinsville said it has signed a service and distribution agreement with M.A.S. Furniture Contracts Ltd. for marketing of American's hotel furniture in the United Kingdom and Ireland.
American previously had independent representatives in those markets, said Barney Peach, head of the international program. American already has distribution agreements with companies in Japan, Germany, Turkey, the Middle East, Mexico and Hong Kong.
About 15 percent of the furniture company's sales are to overseas customers; its goal is to increase that to 20 percent to 25 percent, Peach said.
American intensified efforts to develop its international market in September and named Peach, who had worked in engineering and cost control, to head the program. - Staff report