Roanoke Times

& World-News

Business: Tuesday, May 21, 1996

• ROANOKE REGIONAL ECONOMIC INDICATORS
• IN BUSINESS
• BIG U.S. STORES BUYING SWEATSHOP GOODS
• NEW CORPORATIONS HERE IS A LIST OF NEW WESTERN VIRGINIA CORPORATIONS AND THE NAMES OF THEIR REGISTERED AGENTS FILED APRIL 26-MAY 2 WITH THE STATE CORPORATION COMMISSION AND REPORTED BY THE AGENCY LAST WEEK. FOR MORE DETAILS, CALL (804) 371-9733. ABBEYSHROUL INC., THERESA DICKENSON, SALEM ANDERSON OUTDOOR ADVERTISING CO. INC., JIM H. GUYNN JR., ROANOKE APPLIED DATA SOLUTIONS INC., JAMES A. HEWITT, ROANOKE ARGOS ENTERPRISES INC., MATTHEW D. PETHYBRIDGE, BLACKSBURG BATH COUNTY HISTORICAL SOCIETY FRIENDS INC., ARTHUR B. DAVIES III, WARM SPRINGS BK PROPERTIES INC., BONNIE T. BATES, MONETA DON DRIVER RESIDENTIAL REPAIR INC., ANDREW S. GOLDSTEIN, ROANOKE ECO-INVESTIGATIONS INC., RICHARD C. MOORE, ROANOKE EL PUERTO RESTAURANT/AGUIRRE 4 INC., PAUL M. BARNETT, CHRISTIANSBURG FOOD EUPHORIUM INC., KEITH E. ALESSI, LEXINGTON GOLF FOR ALL INC., DAVID M. COX, ROANOKE HAVERLINE LABELS INC., JAMES H. FORD, MARTINSVILLE HOLLEY'S USED AUTO PARTS INC., PHYLLIS HOLLEY, ROCKY MOUNT ILLUMINATING IDEAS INC., GARLAND S. SPANGLER, PEARISBURG J & L B.E.T. INC., LARONE E. SMITH, MARTINSVILLE THE KIND ART GALLERY LTD., CHARLES F. BARNETT JR., ROANOKE L & M CAFETERIA INC., MARGARET B. LESTER, MARTINSVILLE LAURAJOHN INC., F. GLENN FURR JR., LEXINGTON MASK BROTHERS FRUIT CO. INC., PHILIP G. GARDNER, MARTINSVILLE MAYCOE ENVIRONMENTAL CORP., GARY DEAN COE, SALTVILLE MISS FRANKLIN COUNTY SCHOLARSHIP PAGEANT, DOROTHY R. CUNDIFF, ROCKY MOUNT NEWMERC LTD., JAMES W. HINEY, BLACKSBURG OK ENTERPRISES INC., MATTHEW D. PETHYBRIDGE, BLACKSBURG THE ROLLING MEADOWS PROPERTY OWNERS ASSOCIATION INC., ROBERT U. PAULEY JR., FOREST SAKE HOUSE INC., TOMMY JOE WILLIAMS, ROANOKE SOUTHERN HELICOPTERS INC., WILLIAM L. HEARTWELL III, DALEVILLE SPACE ELEVATOR CORP., PAMELA C. TURPIN, FOREST TABID CO., KENT B. MASSIE, LEXINGTON ULTRASOUND COMMUNICATIONS INC., MARK B. FENYK, MARION WHITEHALL INVESTIGATIONS INC., JAMES J. WHITE, RAPHINE WOLF CREEK HOMEOWNER'S INC., EDWARD A. NATT, ROANOKE ANDEK CORP., MICHAEL S. IRVINE, BUENA VISTA POLYCHEM INC., FLETCHER D. WATSON, COVINGTON
• PUBLIC A NO-SHOW AT OPEN HOUSE
• ROANOKE MAY REAP BENEFITS
• CHIPS WILL FALL ON VA. THIRD PLANT IN 13 MONTHS A FINANCIAL COUP
• REPORTED EARNINGS ROANOKE ELECTRIC STEEL CORP. 2ND QTR. ENDED 4-30 1996 1995 REVENUES $58.1 MILLION $62.2 MILLION NET INCOME $3.4 MILLION $4.2 MILLION SHARE EARNINGS 41 CENTS 52 CENTS 6 MOS. ENDED 4-30 REVENUES $116.6 MILLION $119.7 MILLION NET INCOME $7.3 MILLION $8 MILLION SHARE EARNINGS 90 CENTS $1.00 ROANOKE ELECTRIC STEEL CORP. OF ROANOKE IS A MINI-MILL PRODUCER OF FINISHEDSTEEL PRODUCTS, WHICH ARE SOLD TO STEEL FABRICATORS AND STEEL SERVICE CENTERS,AND OF SEMI-FINISHED STEEL BILLETS, WHICH ARE SOLD TO OTHER STEEL PRODUCERS. THE COMPANY ATTRIBUTES THE DECLINE IN ITS SALES AND EARNINGS TO PRICE-CUTTING FOR FINISHED PRODUCTS EARLIER IN THE YEAR BY COMPETITORS IN THE SOUTH AND MIDWEST. ADDITIONALLY, THE COMPANY HAS CUT SALES OF BILLETS TO OTHER STEEL PRODUCERS AS IT BUILDS UP ITS OWN BILLET INVENTORY IN PREPARATION FOR A COMINGLADLE FURNANCE INSTALLATION THAT WILL TEMPORARILY CURTAIL BILLET MANUFACTURE. THE LIMITED INC. 1ST QTR. ENDED 5-4 1996 1995 REVENUES $1.79 BILLION $1.59 BILLION NET INCOME $28.2 MILLION $20.3 MILLION SHARE EARNINGS 9 CENTS 7 CENTS COLUMBUS, OHIO-BASED LIMITED OPERATES EXPRESS, LERNER NEW YORK, LANE BRYANT, LIMITED, STRUCTURE, ABERCROMBIE & FITCH AND LIMITED TOO STORES AND OWNS 83 PERCENT OF VICTORIA'S SECRET STORES AND BATH & BODY WORKS.
• IN BUSINESS