ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, June 15, 1996 TAG: 9606170060
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
COLUMN: IN BUSINESS
Virginia tobacco farmers have a new weapon to use against the potentially devastating blue mold.
The U.S. Environmental Protection Agency has granted Virginia an emergency exemption for the use of American Cyanimid's Acrobat MZ fungicide to control blue mold on its tobacco crops.
Gene Amos, an extension agent in Henry County, said a strain of blue mold has shown up this year in Florida and Kentucky that appears to be resistant to Ridomil, the most effective fungicide previously available in Virginia. Tobacco is Virginia's top cash crop, generating cash receipts of about $170 million a year. -Staff report Bankruptcies
Four bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia in Roanoke. Three of them are personal bankruptcies the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
*Roy L. Andes and Marianne F. Andes of Bristol filed for liquidation with assets of $78,292 and liabilities of $203,027. Roy Andes is an independent insurance sales broker.
*Bobby Lee Winkle and Tammy Simpkins Winkle of Riner filed for liquidation with assets of $15,625 and liabilities of $79,921. Bobby Winkle is associated with Winkle Dairy.
*Cheryl E. Marshall of Wise, owner of Marshall Jewelers, filed a wage-earner plan for repayment of debts. She listed assets of $52,200 and liabilities of $31,000.
*Four creditors petitioned to declare the bankruptcy of Clyde S. Bryant Jr. of Rocky Mount and Moneta, saying his debts are business debts primarily related to Franklin's Antiques of Rocky Mount. Staff report Stock buyback set
SWVA Bancshares Inc., Roanoke holding company of Southwest Virginia Savings Bank, said Friday it plans to buy up to 27,160 shares, or 5 percent, of the 543,190 outstanding shares of its common stock on the open market. The shares will be used for general corporate purposes, including the exercise of stock options, the company said. As of June 4, the last reported trade, the price was $15.40 a share. -Staff report
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