Cape May County Herald, 30 April 1986 IIIF issue link — Page 46

business

I MATTRESS QUARTERS KjS _ . OSBORNE'S TV AND \B ^==r') APPLIANCE SjVl | Shopper's Haven Cape ) /Ci May Court House E &r4V (Behind Murphy's) B HOURS: 9-5:30 M-T-W-T-S; ^r'" ^'osec^ "*jn" 465-7825 I RALPH E. WOODRUFff SINCE 1966 ALUMINUM i, VINYL PRODUCTS - SALES 4 SERVICE • STOBM IpTj] rSSP REPLACEMENT jlpfirA ||| |I * MtOUSIES W NDOWS [• . |J - SmiBBriffl £llS«AfTss || L If pagS-ll ENCLOSURES $UKfEP' ! ^TWjjji • ALUMINUM } 4 H ' 111 SIDING VINYL SIDING 465-4965 IUJ, I L ' FREE ESTIMATES 31 1 3rd, lio Grondc

At Session On Purchasing NEW BRUNSWICK - The Governmental Purchasing Association of New Jersey held its 17th Annual Purchasing Conference at Rutgers University, Cook College Campus April 17. The conference theme was "Telephone RouletteCan You Afford to Gamble?" Effective June l government entities must bid telephone equipment and services not covered under N.J. state contract. Cape May area officials who attended the conference are: Purchasing Agents Gordon Ball. Wildwood; Bill Deaver, County MUA; and Ed Grant, Cape May County. Also Fred Coldren. administrator. Cape May City: and County Telephone Exchange Supervisor Marjorie Troust.

No one could coin a phrase like Shakespeare. I|k t No one can create a home loan like us. The stage is set. You and your family have found your dream home. To make it come true, though, you must find the right financing. .. Enter us. The people who have a way with money. People who go out of their way to help you qualify for the mortgage plan that best suits your budget. You'll find that our repertoire of mortgage programs features the most competitive rates and terms around. Whether you're interested in purchasing or refinancing a home, call us today. We'll do our Jrcfj best to write you a plan "as you like it!" FIRST SWINGS AND LOAN ASSOCIATION 137 JtF. KENNEDY BLVD., fsf SEA ISLE CITY, N.J. 08243 FSLIC I,.. -J 263-7823 . . LENDER ' ©MCMLXXXIV Leon Shatter Golnick Adv . Inc.

GIFT TO DEBORAH — Check for 1500 is presented to Tridi DeRose. left, by Stone Harbor Lions president Louis Taylor. DeKose is director of Upper Cape Chapter. Deborah Hospital Foundation. Hospital is one of Lions' district projects.

Midlantic Earnings Increase EDISON - Midlantic Hanks Inc. recently reported increased earnings for the first quarter of 19Hti The announcement was made by Robert Van Buren. chairman and chief executive officer, at Midlantic s annual meeting o| shareholders at the companv's Metro Park headquarters Midlantic's consolidated net income lor the three✓month peniKl ended March I amounted to $25.3 million, as compared to $17.2 million for the first quarter of 1985. Fully diluted earnings per common share increased 12.9 percent, to $114 from the $1.01 earned in the comparable 1985 period. \ \\ 111 ItKN attributed the earnings growth to " higher net interest income resulting from the continued growth of our lounjMirt folio in both the individual and corporate markets, a stable net in- ' teres! margin and the sustained effective control of operating expenses." He added that the results reflect the acquisition of Heritage Bancorporation on May 1. 1585. At March 31. Midlantic's total assets increased to $10.5 billion, total deposits reached $8 1 billion, total loans amounted to $0 9 billion and shareholders' equity was $600 million

Dralh rait-, fmm rhi-uniiitu I wan diMMsr have <lrt linttl nearly "»•(*•» rem snrr l»SO." aniwlni|t to an American Heart Ammh-(iii loll t-Mimaie In IHSil. nwireihan JJ.i**' Amencan* itiwl of rheumaiie heart «liM-a*e Today, rheumaiie lexer and rheumatic heart iInw kill .il««n •> Tini |M-o|>le eai h year aei onlinit !<• American lleari Assoculion Mat IM lit

SPECIAL In vat"1. \ 1, J MlAen I I \ ^ . H \ to"1 . Ill LIME so ib. S1 -50 ^W^ARRY PRODUCTS

/ LiRP's 710 Meets Thurs. TOWNSEND'S INLET - Chapter 710. American Association of Retired Per sons Inc.. meets l p.m. tomorrow at the civiccenter. 85th Street, The chapter's board of directors meets there at to a.m.

Horizon _ v Bancorp Net Up MORRISTOWN - I Horizon Bancorp (NYSE: I HZB) reported on results I Jocjhe first quarter ended If March 31. Net income for I the first quarter of 1986 was I 9.008.000. up 24 percent I from the $7,248,000 | reported in 1985. Net income per common share was 10.99, up 24 percent from $0.80 for the prior year. Horizon Bancorp had total assets of $3,046,303,000 compared to $2,645,146,000 a year ago — an increase of $461,157,000, or 15 percent. Deposits increased to $2,626,785,000 from 2.254.121.000 at the end of March, 1985, up 17 percent. Net loans March 31, were $2,088,632,000 compared to $1,762,324,000 a year ago. a 19 percent increase William J. Shepherd, president and chief executive officer of Horizon, said. "Our results improved because of our continuing loan growth and a better net interest margin. In addition. Horizon realized $987,000 on a pretax basis fj-om the sale of a branch and reduced employee benefit expense from the adoption of.FASB 87 of $521,000 in tM first quarter of 1986. Gains from securities transactions were essentially the same in both 1986 and 1985.

V ,v*«*V v ■ v L FEATURINC: FINKEL OUTDOOR PRODUCTS Formerly Located in Stone Harbor 96th Street Mall • NOW • VILLAGE SQUARE • 3101 DUNE DR. AVALON • 967-3540 Fri.. Sat., and Sun. 104 after April 15th 7 Days - 10-7 SOLID VINYL REPLACEMENT WINDOWS UNBELIEVABLE LOW PRICE! All safety locks Insulated Vinyl Replacement Windows t " . . ]B • 10 Year Unconditional Guarantee 'J I 1 1 • Free Estimate • No Money Down III * Trouble Free • No Money Down SPR,NG SPEC,AL (MO completeiy J I If 7 INSTALLED 7J,-4583 Today! Inches KING ENTERPRISES "35 Yeors Experience in Seashote Area"