ROANOKE TIMES 
                      Copyright (c) 1996, Roanoke Times

DATE: Wednesday, July 3, 1996                TAG: 9607030033
SECTION: BUSINESS                 PAGE: B-8  EDITION: METRO 


IN BUSINESS

Sakes alive, this old restaurant's turned 55

The Roanoker Restaurant's birthday celebration Tuesday was a day late, but it certainly wasn't a dollar short.

The popular hangout for business people and senior citizens picked up the tab for more than 1,000 meals in honor of its 55th year and the 50th birthday of owner E.C. Warren Jr., son of its founder.

The July 1 "birthdays" weren't celebrated Monday because the staff needed time after the usual heavy Sunday business to prepare for what turned out to be an equal showing of customers Tuesday.

Warren said he got to say hello to people who "were eating at this restaurant when I was born."

The Colonial Avenue restaurant worked up a special menu that included most of its "daily specials," such as baked chicken and Southern fried chicken.

The birthday cake was made by Warren's friend, Ed Murphy of Murphy's Catering. "We didn't have time to do it," Warren said.

On July 23, also a Tuesday, the restaurant will close in the afternoon so the staff can celebrate the way the customers did this week, he said.

- Staff report

J.B. Hunt slows its trucks to 59

LOWELL, Ark. - As states raise speed limits, the nation's largest publicly held trucking company is slowing its trucks to 59 mph because of safety concerns.

J.B. Hunt Transport Services Inc., which operates more than 7,500 tractors and 24,000 trailers and containers that haul everything from automotive parts to electronics, said Tuesday it will recalibrate truck regulators to 59 mph from the previous 62 mph.

Kirk Thompson, president and chief executive officer, cited safety concerns, but reduced speeds also can save on fuel costs. The company employs more than 12,000 people, three-quarters of whom are drivers.

- Associated Press

Markets to operate on holiday hours

U.S. stock and financial markets will be closed Thursday for the Independence Day holiday. Several markets will observe special hours Friday:

The New York Mercantile Exchange, the Commodity Exchange and the Coffee, Sugar & Cocoa Exchange, also in New York, will be closed.

The New York Stock Exchange, Nasdaq Stock Market and American Stock Exchange will close at 1p.m.

Bond trading will end at 2p.m.

The Chicago Mercantile Exchange and the Chicago Board Options Exchange will close about noon CDT, but the Chicago Board of Trade will operate normally.

The Roanoke Times will publish business news but no financial tables Friday. Financial tables will resume in Saturday's editions.

- Staff report

Bank subsidiary

Capital One Financial Corp., based in Falls Church, said Tuesday it has established a new subsidiary, Capital One Federal Savings Bank, to permit expansion into other consumer financial products. The company's principal subsidiary, Capital One Bank, offers credit card accounts as its primary business and is one of the largest U.S. providers of MasterCard and Visa cards.

- Staff report


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