Cheney Hall Is Star of the Show an Earlier Shuttle Flight, and System; School, Is a Major in the U.S
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20 — MANCHt:STER HERALD. Saturday, June 23, 1984 Prices rise 0.2 percent In May Business In Brief Reports show inflation rate By Dennis G. Gulino earnings went down 1.3 percent because hourly pay Bank merger approved United Press International and the number of hours a week worked both dipped. Durable Goods SOUTHINGTON — Directors of Northeast Yet the worker’s earnings over the last year are still Seasonally adjusted new factory orders ahead of price hikes by 1.8 percent. Bancorp Inc. of Stamford and Citizens National WASHINGTON — Consumer prices inched up 0.2 in billions of dollars ,------- Manchester, Conn. percent in May, keeping the annual inflation rate Georgia State University economist, Donald Bank have approved a merger agreement $105--------------------------— -------------- Clearing tonight; exchanging Northeast common stock and cash below 5 percent with lower food prices and only Ratajezak, said inflation may be on a downward Monday, June 25, 1984 for all outstanding shares of Citizens National. slightly higher housing costs, the Labor Department spiral instead of an upward one for a change. Sunny Tuesday ' 'This kind of report kills the inflationary spiral,” he UP 3.3% Single copy: 25C The aggregate value of the common stock and said Friday. — See page 2 cash will be $5.9 million. The new Consumer Price Index figure came on the said. "W e know that wage rates are coming in at the 4 100— in May Citizens National Bank will become a wholly heels of two other government economic reports that percent to 5 percent range; with inflation coming in owned subsidiary of Northeast Bancorp under the also portrayed inflation as barely visible. below that it suggests we may be able to keep wage agreement, but will continue to operate under its The latest report on wholesale prices showed no rates lower.” own name. The agreement was first proposed in a change in May or April. And Wednesday's Commerce The May increase was less than half of April’s 0.5 letter of intent last June and is expected to be Department projection of current economic perfor percent jump, slipping back to March’s slow rate of completed by the end of the year. mance saw brisk growth but the lowest inflation rate growth. It still must be approved by holders of at least since early 1967 — 2.8 percent. The Consumer Price Index for May was 309.7, two-thirds of the outstanding shares of Citizens White House spokesman Larry Speakes said that equivalent to a cost of $309.70 for the government’s aAd by federal and state regulatory agencies. amounts to "a sweep of the triple crown of low sample market basket of goods and services that cost Citizens National Bank currently has 71,637 inflation.” The month’s economic news “ shows the $100 in l%7. Expressed another way, the purchasing shares outstanding and about 425 shareholders. economy is creating jobs without creating inflation.” power of the 1967 dollar is now 32.2 cents. Its resources at the end of the first quarter of 1984 he said. The department said the inflation rate for January Groceries fell 0.7 percent in price, pulling down the were $60 million. overall food and beverage index including restaurant Northeast, with assets of $1.7 billion, is parent through May is running at 4.6 percent when figured meals by 0.2 percent. There was no increase in food of Union Trust Co. of New Haven. annually. May alone would make an annual inflation rate of only 2.4 percent if repeated another 11 months. prices in April and a slight decline in March. However, the spending power of the average Overall energy costs rose 0.2 percent, although the blue-collar worker took a dive in M ay, only the second actual increase was greater as gas pumps and in Company changes hands drop in six months. electricity bills -before being smoothed out by the The separate report showed inflation-adjusted government’s seasonal adjustment process. BARRE. Vt. — Smith, Whitcomb & Cook Co. Inc. — a more than 150-year-old machine parts By AI Rossiter Jr. company — has changed hands. NOTICE United Press International PUBLIC NOTICE Booth Martin, the new owner, said he did not Board at Directors plan any major changes, Seabrook owners meeting today Town ot Manchester, Connecticut CAPE CANAVERAL. Fla. - Martin, a Barre native and long-time employee Trouble with a suitcase-sized com Notice Is hereby given that the Board of a local road equipment and parts company, Manchester, Connecticut met In the hearing room at Lincoln puter spoiled the launch debut said he purchased 80 percent of the company's to consider startup, reorganization Center, 494 Main Street, Monchester, Connecticut, June 5, today of Am erica’s third space stock last week. 1984, Tuesday and voted In favor of the following scheduleof shuttle. Discovery, delaying the The company, which employs about 40 people, Water Rates and Charges. start of its week-long flight until makes machine parts, sawmills, architectural ADOPTED SCHEDULE OF RATES AND CHARGES Tuesday at the earliest. Hildreth Jr. of M errill Lynch, also includes cast iron, and other types of metal products. WESTBORO, Mass. (U PI) - The New England MANCHESTER WATER DEPARTMENT The shuttle’s six crew members utilities that own the'Seabrook, N.H., nuclear plant undisclosed provisions to reorganize the ownership \Ettectlve 7/1/84 were strapped in their seats when meet Saturday to consider a restart date for the structure and the financing of the Seabrook Station. *LY WATER USE RATES the postponement order was issued Details on those areas were to be worked out at the I CUSTOMER BILLING stalled first reactor and possible reorganization of the 9 minutes before the scheduled Saturday session. Sikorsky signs accord plant’s ownership. lawing 1200 c.f. $ 31.20 blastoff. The astronauts agreed A spokesman for one owner said there was a ” 50-50 The 16 utility-owners are expected to consider a lowing 1200 c.f. 31.20 with the decision and appeared STRATFORD — Sikorsky Aircraft has signed a chance” a restart date would be announced for the lowing 1600 c.f. 66.33 July construction date for Seabrook's first nuclear 111.24 somber when they left the ship. memorandum of agreement with Construcciones first unit, estimated to cost $4.5 billion. Jlowing 2400 c.f. reactor, where work was halted April 18 in one of Mowing 3400 c.f. 167.04 “ They certainly want to have a Aeronauticas S.A. of Madrid in its first Hildreth, who could not be reached for.comment 310.00 several desperate moves by its principal owner. ..Mowing 5500 c.t. sound bird to fly with and we partnership with a European manufacturer. Friday, has said work could begin as soon as July on Allowing 13300 c.t. 519.30 Public Service Co. of New Hampshire of Manchester, 1,022.64 certainly on the ground here CASA will produce major components for S-70 Seabrook I. Work on the second reactor, rated about 23 Allowing 21000 c.f. to avoid bankruptcy. wouldn’t want it any other way,” and H-60 helicopters manufactured by Sikorsky, percent complete, was halted last fall and the unit has The meeting will be at New England Power Co., Charges tor water I n excess ot the amount allotted with the said Thomas Utsman, director of a division of United Technologies Corp. in been virtually canceled. which owns a 10 percent share in Seabrook. minimum charge a e as tollaws shuttle operations at the Kennedy Hartford. The owners’ meeting comes several days after the Public Service Co. has been driven to the brink of Space Center. Sikorsky will give engineering and manufac sale of $90 million in short term notes by Public bankruptcy by its 35.6 percent share in the For the first 10,000 c.f. B*'’ IJ® c j- For the next 40,000 c.t. 1 S Bor 100 c.f. “ I don’t know of anybody who turing training to CASA employees in the United twin-reactor plant. The financial burden of a plant Service Co. The sale is one facet of the "Newbrook” AM In excess ot V 50,000 c.t. 1.37 per 100 c.t. would have felt comfortable flying States and help introduce the S-70 helicopter in plan to revive the first reactor by the Merrill Lynch estimated to cost anywhere from $6.9 billion to $10 today,” he said. the Spanish market. brokerage. billion became too great for the New Hampshire The same water rate\chedule will govern the billing for A launch attempt Tuesday was CASA is Spain's largest fixed wing aircraft The plan, which is being developed by Robert utility to carry. master and sub-meters\Master meter readings will be reduced by the sum at thrreadlngs ot the sub-meters. The possible, but Air Force Capt. Art , manufacturer with more than 10,000 employees Several owners contacted Friday could not provide master meter wauld be b lllM a n the minimum and granted Thomas, the shuttle program’s and five factories. additional details on the meeting. “ There’s nothing an allowable as would be the^ub-meters. chief weather forecaster, said he that is worth commenting on at this point. It’s still in II. MISCELLANEOUS WATER CHARGES was ” a little pessimistic” about the development stage,” a spokesman said. Coffin warns Meter Readings $5.70/Unlt/Quarter conditions then. Public Service Co. has instituted extraordinary Trabitz promoted Utsman said the ship’s backup measures to stave off a filing under the U.S.