ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, January 6, 1996 TAG: 9601070003
SECTION: BUSINESS PAGE: A4 EDITION: METRO
The Principal Financial Group has leased the first two floors of 120 Day Ave. S.W. in downtown Roanoke, and Virginia Business and the Richmond Times-Dispatch have rented the top floor. Thom Hubard of Waldvogel, Poe & Cronk negotiated the leases.
The turn-of-the-century house and the one next door at 114 Day are former residential properties recently purchased and renovated for offices by Building Specialists of Roanoke.
Va. coal output falls in 1995
Virginia mines produced 34.5 million tons of coal during 1995, 7.1 percent less than a year earlier, according to the Energy Information Administration.
Nationwide, coal production totaled 1.02 billion tons during 1995, a 1.2 percent decrease. The number of rail cars loaded with coal nationally during 1995 was 6.74 million, compared with 6.71 million a year earlier.
Tidewater phones to get new code
A new telephone area code - 757 - was assigned Friday for Virginia's Tidewater region, according to Bell Communications Research, a New Jersey-based company that administers the numbering plan for North America. When it is introduced in the second half of this year, it will be fourth area code in the state.
On Dec. 8, representatives of the telecommunications industry announced they were carving a new area code out of the region served by Virginia's existing 804 area code because customer growth was depleting the supply of numbers in that region.
The new code will serve the Eastern Shore and much of Virginia's southeastern corner, including Williamsburg, Newport News, Hampton, Norfolk, Portsmouth, Chesapeake and Virginia Beach.
Earnings
Family Dollar Stores Inc., Matthews, N.C.-based retailer, reported net income of $14.5 million, or 26 cents per share, on sales of $396.2 million for its first quarter ended Nov. 30, compared with year-earlier $15.6 million, or 28 cents per share, on sales of $356.3 million.
Bankruptcies
Three bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. One of them is a personal bankruptcy that the court listed as a business because it has commercial connections and could be of interest to business creditors and customers.
C&A Wood Products Inc. of Tazewell filed for reorganization and protection from creditors. The company listed assets of $14,728,100 and liabilities of $1,563,334.
H&H X-Ray Inc. of Roanoke, a wholesaler of medical supplies, filed for liquidation. The company estimated both assets and liabilities at more than $100,000.
John Hodges Jr. and Melanie Hodges of Bandy filed for liquidation with assets of $39,000 and liabilities of $49,440. John Hodges said he was self-employed but did not list an occupation.
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