business

Custom Builders & Developers COMMERCIAL and RESIDENTIAL •ROOFING •ADDITIONS •PRIME REPLACEMENT WINDOWS •STORM WINDOWS AND DOORS •SCREENS •SIDING: CEDAR VINYL ALUMINUM * •ALTERATIONS 967-3878 9629 THIRD AVE. STONE HARBOR, N.J.

From a Little Room, Local Interest Rates

By JOSEPH R. ZELNIK “They all go into a little room and then they come out and tell us." That’s the way a teller at a Cape May County financial institution described how interest rates are determined on insured money market accounts and their partners, the socalled “Super Nows." The fancy term is “management decision,” but what it means is that bank and savings and loan officials take a look at the competition and pick a number. There is one local exception. Ocean City Home Savings & Loan pegs its rate to Friday’s local Federal Funds Rate, the fee banks charge each other for overnight reserve lending.

ATLANTIC ABLE PORTABLE TOILETS & SANITARY SEWAGE SERVICE Formerly Attorburry't Portable Toilets i J O. Raines •f ftn/_ Off For i ust mentioning this lUvO W,, Ad when you call sp^m 465-3724 861-2298 • Residential & Commercial Cesspool & Septic System Cleaning • Portable Toilet Rentals lor All Occasions • Free Pickup & Delivery • Owned & Operated by Wm Houghton' & Wm lukens with 30 Years Exp WASHINGTON AVE., WOODBINE

LSMjginsOil Co. Serving Sooth Jaraay With Qualty Petrolauni Products

For Over R Yean

MAIN ft PACIFIC AVE., CAPE MAY COURTHOUSE 465-5156 There ere many reasons to become a customer of L.S. RIGGINS OIL COMPANY For your OIL HEATING NEEDS Over 55 years of service to customers in Southern N.J. Computerized automatic delivery Modern-up-to-date fleet of equipment to handle your needs

High quality heating oil

K-l and K-2 kerosene available for your needs Computerized metered delivery tickets 24 hour emergency burner service Burner service contracts Insured monthly payment plans Competitive prices with special discounts for 10-day paymenT Additional credit terms available

MIUCE SMITH

■•ar tterttot 8«rvti

$35.00 New Customer Incentive Yes. a $36 00 ctedn will be ssued to any new account who becomes en automatic deiiv ery customer (credit approved) for the 83-84 heating season after the first 250 gallons of od • delrveftd Current L S. Riggins OH customers may have appfced to their account this seme $36 00 credit if he or she securee for us a new automatic detavery customer as ad vertised (Offer expires January 15. 1984).

*•35.00

LS. RIGGINS OIL COMPANY Main & Pacific Ava., Capa May Courthousa 465-5156

• L.8. MMe+ni 08 Ce. automatic d v for th» ttOdt h—tine ——n my fWvt 2M poiom purchased

Ocean City was paying 8.87 last week, third highest in the county, and 7.83 cm its Super Now, a similar account that has unlimited checking. THE RATES HOLD for a week. They usually change on Tuesday, but some of the institutions change on Wednesday or Monday. As it has all year. First Savings & Loan of Sea Isle City last Week was paying the county’s highest rate for both account rate: 9.10 for its insured money market, 8.35 for the Super Now. Customers can learn these rates by stopping in or calling. Some of the financial institutions report what the rate were on their monthly statements. THIS COLUMN reports the rates once a month. Here they are for last

Chamber Elects Garretson VILLAS — Installation of newly elected officers will be held by the Lower Township Chamber of Commerce at a dinner Friday, Dec. 2, at the Carriage Lamp. New president is Warren Garretson, vice president of Coastline Advertising and president of Garretson Enterprises. He is a past president of the County Chamber of Commerce, and is a member of its board of directors. He is also secretarytreasurer and executive director of the New Jersey Travel and Resort Association. He is past president of the Tourism Federation of New Jersey. Active in Tabernacle United Methodist Church, he is a member of the board of trustees and the administrative board. GARRETSON is known for his role in fighting utility rate increases as president of S.T.E.P. (Stop the Electric Punch). He also serves as treasurer of the Jersey Cape Sportsmen. A lifelong resident of the township, he lives in Erma. He was elected to the Lower Township Charter Study Commission in 1982. Other officers elected included Stewart Millard, vice president. He and his wife own and operate the Villas Market and Catering by Millard. He served as chairman of the township charter commission and vice president of S.T.E.P. Bonnie Millard, also of Villas Market, was elected secretary. Named as treasurer was John McMonagle. New directors are Robert Obermeier, chairman; Robert Conroy, Wanda Kempinski, Boyd Tyler, Marshall Howey, Joyce Worrell and Tom Jacobs. The anrtual Jimmy Augustine Outstanding Citizen Award will be presented at the installation dinner. For tickets or information call Wanda Kempinski 886-1838 or Bonnie Millard 886-8904.

week, in alphabetical order, with the insured money mailcet account interest rate first, followed by the Super Now rate: Anchor Savings & Loan, 8.5, 7.5 Cape May County Savings & Loan, 8.65, 6.5. Citizens United Bank, 8.25, 6.75. Collective Federal Savings & Loan, 8.65, 8. Crest Savings & Loan, 8.85, 7.85. First Jersey National Bank, South, 8.10, 6.64 First National State Bank of South Jersey, 8.25, 6.75. First Savings & Loan, 9.10, 8.35. Guarantee Bank, 8.2; no super Now, but a computer will “sweep” checking accounts daily and put anything above a designated amount into the insured money market account. Heritage Bank, 8.20, 7. Marine National Bank, 8.25, 7. Ocean City Home Savings & Loan, 8.87, 7.83 Security Savings & Loan, 8.25, 7. Sturdy Savu£s & Loan, 8.78, no Super Now. Union Trust Co. of Wildwood, 8.35, 7.

BUSINESS DIRECTORY

AUrODCAUXS

BURKE ^ MOO FAffH 61 VO WIlDWOOD

! 'aar 40? 3 GREAT CARS UNDER 1 BURKE ROOF 0L0SM0BILE • CHEVROLET CADILLAC SALES-SERVICE-PARTS 522-1475

ClEANittSaT LAUNPgRgRS

7Hodee CLEANERS A LAUNDERERS EXPERT TAILORING

SUEDE A LEATHER CARE

—ncFnwRr FIXTURES

FraakliR Elaotrie Lightiax Cottar Residential Commercial Lighting Consultants Lighting Showroom Complete Line Electric Supples 622-7731 Spicer Ave. b N J. Ave. Wildwood

William T. Everett Insurance Center 42 nd and Park Avenue Sea Isle City NEXT TO THE NJ. MOTOR VEHICLE AGENCY AUTOMOBILE INSURANCE A SPECIALTY 2«3-133«

REPLACING YCHJRDOOR?

ef

10

m

m [M

s*

ia

1

0; !r—<tl ■

0

I.

m JQ

1

n

Mora people in the Delaware Valley CHOOSE MAGNE SEAL! over all other door*. Here's why ...

C3 BETTER DOOR Compare the taatura* 1) Heavy pause tteal extenor 2) Imulated core 3) Magnetic weather teal

4) Patented "Cold Stop" 51 Adjutt able weetbertight till 6) Steel frame

(reinforce* doorway end lockt) 7» Long letting paint finith

0 MORE STYLES ^ Otoota from over 40 decorator approved ttvles^tnd 64 color

combmationa

El INSTALLED BY 100% DOOR CRAFTSMEN Cl fid We cuttom finith and inttell your door with our own factory crafnmen Our men inttell door* AND ONLY DOORS! In the last 5 years America's Pro fetsional Homebuilder* have mitalled over 1.000.000 of theta very door*' ANCO ALUMINUM, INC. C.M. Ruptnsto & Sons 2800 Beyshore Road, Villas, NJ. 886-2701