Rtffh!Ti Restaurants Are Coming and Going
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**»-■* 24 - EVENING HERALD. Wed.. March « , 1»80 Wall Street Perspective Market’s retreat was disorderly Restaurants are coming and going By BILL BLANKENBURC one full point or more for the week. Also this week, plant add equipment Considering the pending presidential AdveM Inc. It was reminiscent of the October ’78 expenditures for 1979’s final quarter election, the miniscule common stocks and October ’79 market activity. Ap should be released and we should learn with one point net advances referred to told the commission^ that state of might have to relocate,” Neary said. construct a restaurant on an ap average about 600 vehicles per day. said if anything, the traffic situation HARTFORD — The market’s retreat By PATRICK REILLY parently clumsy handling of the U.N. about industrial production for February. above suggest to me that the pending ficials have been surveying his ‘”niey gave me a booklet on reloca proximately one-acre site at the en He said customers would be at on Silver Lane has worsened. became disorderly last week as the here- ^ a % id a n Herald Reporter settlement issue and stratospheric prime It’s not what investors know, but what downside penetration of last December’s property at 300 Silver Lane. tion, and they wouldn’t do that unless trance to the Charter Oak Mall. tracted from the existing traffic and "I have been living in that area to-fore steady second tier stocks joined rate reinforced the negative atmosphere. they don’t know that pressures stock closing low of 819.62 would be the last EAST HARTFORD - As one Neary said the officials have told they were going to relocate.” The only commission member the restaurant wouldn’t draw people since 1957 and there is an aw ful traf the slide once the lower end of the Dow The week offers much business news prices. The last few weeks proved that phase of this retreat needed to end it. Bays its time to freshen-up restaurant goes up another might be him that a proposed special priority If Neary’s does close, Neary said voting against the restaurant’s from more than 15 miles away. fic problem there,” Backus said. Jones Industrial Average (DJIA) 840-850 including the reports of purchasing point as we’ve had two solid weeks of coming down. ramp for Pratt and Whitney Aircraft he would have to relocate somewhere application was John Grottole. He Citing a study made in 1978 and up “ We have got to think about the support level was violated. I suspect the Upside action by the forward scouts, agents’ February outlook, advance retail Carter administration trial ballooning on namely the gaming stocks and select Blue The Planning and Zoning Commis traffic connecting with 1-84 would run on Silver Lane or go out of business. said the restaurant wouldn’t promote dated in 1980, Vanasse said about 20,- children walking along the road.” surge in interest rates is a powerful For Spring, We offer the sales, maior crop forecasts, manufac the spring 1980 version of its anti-inflation Chips on Friday, suggests that probing for sion Wednesday approved, 5-1, the con across part of the restaurant’s land. ‘”rhe relocation would put me out the safety and health of the surroun 000 cars travel past the mall en Backus also questioned how many negative in a down market and that action turers’ export sales and orders for program. The policy has left most very finest permanent waving struction of a Denny’s restaurant on. Officials have told Neary he might of business because most of my ding community. trance on Silver Lane every day. He more restaurants are needed along triggered margin account selling. a bottom is underway. January and January one-family swelling ambiguous and confused about the next 'The final waves of selling could come Silver Lane. However, the commis have to relocate if the ramp is biiilt customers are Pratt and Whitney Grottole’s criticism centered on said there had been no increase in the Silver Lane. He said there are In total, the DJIA lost 42 points or 4.93 inventories. move. Fear of the unknown is the quickly or spread out over a few weeks. at very affordable prices, sion was told another restaurant on too close to the restaurant. ’The ramp workers,” Neary said. the amount of traffic the restaurant average daily traffic flow in the two- currently eight restaurants operating percent. 'Hiat percentage understated the In addition manufacturing and trade in problem, and it looks now like the last Excluding the energy-oriented stocks, it Silver Lane may have to close due to would connect at Mercer Street and One thing is for sure, though, there might draw to the already heavily year period. in a half-mile area on Silver Lane. decline by the other major averages by a 1043 Main 8t., Manchaatar 043-9832 ventories come due as well as that negatives in the stock market’s pullback is likely that the overall market is planned Interstate 1-84 construction. ease the amount of traffic coming will be another restaurant on Silver congested traffic area around the Though commission members He said he saw many new faces on wide margin. Only 11 New York Stock m o n th ’s wholesale trade figures. could be shaping up. presently well under DJIA anyway. In making an application to from the plant entering the 1-84 at Lane. Charter Oak Mall. seem convinced the restaurant the commission and wondered if they Exchange commons managed net gains of remove garbage from his Silver Lane Roberts Street. After three attempts in the past Robert Vanasse, a Boston traffic wouldn’t add to the traffic problem, a knew the problems that have been property and replace It with fill, ‘”They said if they buy the land it two years, Denny’s Inc. of Mount engineer hired by Dennv’s, said the Silver Lane resident wasn’t so sure. experienced with the heavy traffic on Barrow s Neary’s owner Gregory C. Neary will be sometime in June and then I Laurel, N.J. was given permission to restaurant would draw on the Stanley Backus, of 65 Chester St., Silver Lane. appoints m anager Please bear with us deliver copies of Wednesday’s edi MmtrltpBlTr Due to mechanical problems, VERNON - Francis Wednesday’s Evening Herald was tion to those who may have been Cosgrove has been ap delivered late to many home- missed. pointed manager of delivery subscribers. A few sub He thanked the many readers Barrows/Merrill Lynch scribers may have received a who called inquiring about the Realty's Vernon office at 7 different edition than usual and whereabouts of their Evening Pitkin Road. some papers were unable to be Herald for their understanding Cosgrove has been a delivered. and patience. licensed broker since 1959. Robinson said arrangements He was a sales manager Evening Herald Publisher Ray have been made that should help iEtipmnn Mrralfi for an area company for mond F. Robinson today said solve the problem while repairs eight years. He then every effort will be made to are being made. _____________ fvol. XCIX, No. 139 — Manchester, Conn., Thursday, March 13, 196t) • Since 1881 • 20c Single Copy • 15c Home Delivered became vice president of another real estate com pany before owning and operating his own real es tate firm for the past 12 > -a years. 3 He has extensive BASIC POWER TOOLS GOP elects experience in property management, managing Black & Decker Work Shirts & ZVa" Circular Saw numerous apartment, con Matching Pants dominium, rental and of with FortreP Our fice building complexes In lour colors. 24.88 Rag. 27.99 throughout Connecticut Tough, comlorlable Von Deck 50% Celanese Forlrel\ utility saw with sawdust election and Florida. and 50% collon. L HERE ARE SOME EXAMPLES: chute. Double Insulated for safety. look at the world today and solve He is experienced with By MARY KITZMANN problems in a more reasonable all forms of real estate, in SHIRTS: SUM S XL Herald Reporter MAGICOLOR Latex • Lucite Handle •Drain Hose way.” cluding appraising residen- n n Our 8.0 0 R<« 10.N Flat Wall Paint n e g .3 .2 t 2.54 R ig . 3.69 2.70 MANCHESTER — For Elsie “The 'purpose of the town com tial and commercial GLASTONBURY - During a Swensson, outgoing GOP town com properties, appraisals PANTS: SUM 30 42 mittee is to win elections and I say meeting with the Ek;onomic Develop mittee chairwoman, it was the last Go For It.” executed for property Our GALLON 2S’ Drain Auger •Water Saver ment (^mmission Wednesday night, 9.99 R tg. 12.99 Our Reg. 9.99 hurrah. For Robert Von Deck, newly The slate of officers Von Deck had owners, real estate 5.76 ' y R e g .r.s s 3.88 Shower Head the Town Council decided to discon elected chairman, it was the first. chosen were all elected by secretary brokers, attorneys and •Caldor Cuihlon-Foot Dries in 30 minutes! Easy water R ig . 4.49 2.76 tinue its pursuit of $2.3 million in Von Deck won the position last ballots. probate courts (he is Work S ock! (3 Pr. Pkg.) clean up. It's stain resistant— Our Reg. 2.67 1.96 state grants to fund a 220-acre in night by one vote, a secretary’s Mary Willhide is the vice chair and it's completely washable! • 3 'Closet Auger l_ J qualified as an expert •TuBing Culler dustrial park off Hebron Avenue. ballot. He was the only nominee for man, Leslie Belcher the recording witness in Supreme Court Rig.