St. Louis Business Journal articles from May 1991

St. Louis Business Journal archives from May 1991

Ralston tests new Yellow Pages' concept. (Ralston Purina tries BrandSell marketing concept of the Yellow Pages Publishers Association)
May 27, 1991... Ralston tests new Yellow Pages' concept Ralston Purina has signed on as one of the first companies to test the BrandSell marketing concept fostered by the Yellow Pages Publishers Association. BrandSell is an effort by the Yellow Pages...

It's the calm after the Storm at Engineered Support. (end of Operation Desert Shield/Storm slows defense contracts for Engineered Support Systems Inc.)
May 27, 1991... It's the calm after the Storm at Engineered Support Operation Desert Shield/Storm provided Engineered Support Systems Inc. with a financial lift that will help the company post one of its best years since the early 1980s. As with other...

Storm soccer team cuts losses by 70%. (investments in St. Louis Storm)
May 27, 1991... Storm soccer team cuts losses by 70% Local ownership of the St. Louis Storm this past season helped cut the club's losses by more than 70 percent from its debut-year deficit. The Major Soccer League franchise lost about $350,000 this...

Desmond Lee helps things stay in order at Lee/Rowan. (E. Desmond Lee) (interview)
May 27, 1991... Desmond Lee helps things stay in order at Lee/Rowan E. Desmond Lee wants to organize the world, one closet, kitchen or garage at a time. Lee, 73, is chairman of Jennings-based Lee/Rowan, which cranks out almost everything from bathroom...

Lenco Welding Accessories Ltd. (Business Notes)
May 27, 1991... Lenco Welding Accessories Ltd., Lenco Welding Accessories Ltd., was appointed exclusive distributor of MECO Gas Welding & Cutting Equipment in Canada. Modern Engineering Company Inc. is based in St. Louis.

Peckham Guyton Albers & Viets Inc. (Contracts)
May 27, 1991... Peckham Guyton Albers & Viets Inc. Peckham Guyton Albers & Viets Inc. was retained to prepare a master plan for the revitalization of downtown Peru, Ill. The plan includes building new facilities, public improvements, landscaping, street...

Diversifolia Inc. (Contracts)
May 27, 1991... Diversifolia Inc. Diversifolia Inc. was awarded contracts for the design, installation and maintenance of interior plants for Brinker's Restaurant and Pub in Northwest Plaza, Mark Twain Plaza I and Mark Twain Plaza II in Edwardsville.

Turley Martin Co. (Contracts)
May 27, 1991... Turley Martin Co. Turley Martin Co. was named exclusive leasing agent for University Park, a campus-based research park on the campus of SIUE.

Follman Properties. (Name change)
May 27, 1991... Follman Properties Follman Properties changed its name to Follman Properties * Oncor International.

Vanderbeek & Chiow. (Name change)
May 27, 1991... Vanderbeek & Chiow Vanderbeek & Chiow, a full-service advertising agency, changed its name to Vanderbeek Partners. Partners include Ken Vanderbeek, Bill Suchy and Bob Faust.

Forsythe Computers. (Name change)
May 27, 1991... Forsythe Computers Forsythe Computers changed the name of its retail sales division to Simply Computers - A Forsythe Budget Store.

Flint Ink. (New branches)
May 27, 1991... Flint Ink Flint Ink, dealer in various litho supplies, expanded its facility at 10866 Midwest Industrial.

Perico Ltd. (New branches)
May 27, 1991... Perico Ltd. Perico Ltd., an insurance management firm, expanded its facility at 12801 Flushing Meadow.

WINU. (a radio station)(New branches)
May 27, 1991... WINU WINU, a radio station, opened at 1 N. 44th Street in Belleville.

Compsoft Computers Inc. (New branches)
May 27, 1991... Compsoft Computers Inc. Compsoft Computers Inc., a manufacturer and seller of computer hardware, opened at 3121 S. Grand Blvd.

Family Dollar Store. (New branches)
May 27, 1991... The Family Dollar Store The Family Dollar Store, a variety store, soon will open at 4-B Bellevue Park Plaza, pending interior finish.

Lenscrafters Inc. (New branches)
May 27, 1991... Lenscrafters Inc. Lenscrafters Inc. will open a facility at 175 Jamestown Mall, pending interior finish.

Chevrolet Motor Division. (New branches)
May 27, 1991... Chevrolet Motor Division Chevrolet Motor Division is expanding its facility at 83 Progress Parkway.

Schmersahl & Schmoll. (New branches)
May 27, 1991... Schmersahl & Schmoll, Schersahl & Schmoll, which rents office space with furniture and secretarial services, is expanding its facility at 12624 Lamplighter Square.

Sportsprint Inc. (New branches)
May 27, 1991... Sportsprint Inc., Sportsprint Inc., a screen painting and embroidery firm, opened at 8 Crestwood Executive Center.

Aquatic Enterprises & Pet Supply. (New businesses)
May 27, 1991... Aquatic Enterprises & Pet Supply Aquatic Enterprises & Pet Supply opened at 341 Skinker Lane, Fenton.

House of Nutrition Inc. (New businesses)
May 27, 1991... House of Nutrition Inc. House of Nutrition Inc., a health food store, opened at 4585 Laclede Ave.

One Stop Shop and Deli. (New businesses)
May 27, 1991... One Stop Shop And Deli, One Stop Shop And Deli, a convenience store and deli, will open at 11601 Dorsett Road, pending permits issued.

Crims Produce & Merchandise. (New businesses)
May 27, 1991... Crims Produce & Merchandise Crims Produce & Merchandise opened at 6721 W. Florissant Ave.

Roos-Esslinger. (Relocations)
May 27, 1991... Roos-Esslinger Roos-Esslinger, a real estate and construction firm, moved to 128 Chesterfield Industrial.

Marik Industries. (Relocations)
May 27, 1991... Marik Industries Marik Industries, a billboard company, moved to 929 Fee Fee Road, Maryland Heights.

Rehabilitation Service. (Relocations)
May 27, 1991... Rehabilitation Service Rehabilitation Service moved to 12825 Flushing Meadow.

Wild Birds Unlimited. (Relocations)
May 27, 1991... Wild Birds Unlimited Wild Birds Unlimited, a dealer in bird seed, feeders, books and tapes, moved to 2657 N. Illinois St., Swansea.

Schultze-Holzen Inc. (Relocations)
May 27, 1991... Schultze-Holzen Inc. Schultze-Holzen Inc., a real estate appraisal firm, moved to 13523 Barrett Parkway Dr., Suite 200.

C.J. Thomas Co. (Relocations)
May 27, 1991... C.J. Thomas Co. C.J. Thomas Co., an independent insurance agency, will move to The Power House, 800 St. Louis Union Station, June 1.

Katzman Communications. (Relocations)
May 27, 1991... Katzman Communications Katzman Communications, a business development and public relations firm, moved to 7065 Lindell Blvd.

Jobs Partnership. (Relocations)
May 27, 1991... The Jobs Partnership The Jobs Partnership, an employment and training program, moved to 10403 International Plaza Dr., St. Ann.

Presbyterian Children's Services Inc. (Relocations)
May 27, 1991... Presbyterian Children's Services Inc. Presbyterian Children's Services Inc. moved its corporate administrative and development offices to 8301 Maryland Ave.

Behind closed doors at Y&A; two market makers were involved in other Y&A finanicial deals. (financial dealings of Y&A Group Inc.; Shearson Lehman Brothers Inc. and Cowen & Co.) (company profile)
May 27, 1991... Behind closed doors at Y&A Two brokerage houses that were among the more active traders of Y&A Group Inc. stock during the past 18 months had close financial ties to the now-defunct firm. The brokerages - Shearson Lehman Brothers Inc....

Documents reveal firm's capital diverted to benefit Malcolm Cheek. (Behind closed doors at Y&A)(includes related article on disappearance of Malcolm Cheek) (company profile)
May 27, 1991... Documents reveal firm's capital diverted to benefit Malcolm Cheek When Y&A Group executives Stephen C. Spencer and Robert Hess each pitched in $50,000 last year to their engineering company, they thought they were aiding the financially...

Sports craze: $1 billion for new arenas. (sports arena complex)(no full text - table only) (directory)
May 27, 1991... Sports craze: $1 billion for new arenas Arena-mania is sweeping the country. More than $1 billion in sports arena projects are planned or under construction in at least a dozen cities. The development rush to build more than...

McCarthy will contest charge made by OSHA. (general contractor's alleged violation of workplace safety rules; Occupational Safety and Health Administration)
May 27, 1991... McCarthy will contest charge made by OSHA McCarthy, the general contractor on the $120 million expansion of Cervantes Convention Center, plans to contest a charge by the Department of Labor's Occupational Safety and Health Administration...

Bussen Quarries warehouse park to be rock solid. (underground warehouse park's walls made of solid rock)
May 27, 1991... Bussen Quarries warehouse park to be rock solid The first phase of an underground warehouse park being developed by Bussen Quarries Inc. is scheduled to open in July, according to the general contractor for the project. Robert Hediger,...

Laesch Dairy. (chosen as milk of champions in the Indianapolis 500 automobile race)
May 27, 1991... Laesch Dairy Laesch Dairy, owner of St. Louis-based Laesch Dairy Home Milk Service, has been chosen the milk of champions - Indianapolis 500 champions, that is. When the winner of the Indy 500 stops in the winner's circle, he will grab a...

Brown Shoe Co. (a contender for a license to manufacture Levi Strauss & Co.'s men's footwear line)
May 27, 1991... Brown Shoe Co. Brown Shoe Co. is among the contenders for a license to manufacture a men's footwear line by Levi Strauss & Co. Levi Strauss is planning a men's footwear line carrying the Dockers label, which is a brand of popular men's...

Missouri Public Service Commission. (acts on Union Electric Co.'s application to discontinue downtown's direct current service)
May 27, 1991... Missouri Public Service Commission The Missouri Public Service Commission has rescheduled the hearings on an application by Union Electric Co. that would allow the utility to permanently discontinue direct current service to downtown St....

Gateway Bank sues for $189,000 over housing loans. (Gateway National Bank sues P.T. Properties, L.P. and Allied Development Corp.)
May 27, 1991... Gateway Bank sues for $189,000 over housing loans Gateway National Bank of St. Louis has filed suit against two entities seeking payment on refinanced loans used to purchase the Cabanne-Cabanna housing development. Gateway hopes to...

St. Louis is not a mecca but there are places to sail. (public lakes for sailing purposes)
May 27, 1991... St. Louis is not a mecca but there are places to sail No one has moved to St. Louis, or stayed here, because of the sailing. Or, for that matter the surfing. where a mast and a sail are commonplace although there's no place in town for...

Stifel rides stock market to $470,000 quarter profit. (Stifel Financial Corp.'s earnings for the quarter ended April 26, 1991 )
May 27, 1991... Stifel rides stock market to $470,000 quarter profit Stifel Financial Corp. has improved its revenue picture with the latest upswing in the stock market. The company posted a profit of $470,000, or 14 cents a share, for its fiscal...

ITT Commercial negotiates $17.5 million finance package with CompuCom Systems. (ITT Commercial Finance Corp. extends collateral-based loan)
May 27, 1991... ITT Commercial negotiates $17.5 million finance package with CompuCom Systems ITT Commercial Finance Corp. announced a $17.5 million finance package for a wholly owned subsidiary of CompuCom Systems Inc. The collateral-based loan...

Travel agents hope for the best, worry over TWA. (Trans World Airlines in financial straits)
May 27, 1991... Travel agents hope for the best, worry over TWA Europe is out and California is in, Business flyers aren't going anywhere, but Trans World Airlines might. Signs of a gloomy future or just a passing storm? That, of course, depends on...

Anders takes off the gloves, defends executives' bonuses. (William Anders of General Dynamics Corp. on gain-sharing plan)
May 27, 1991... Anders takes off the gloves, defends executives' bonuses General Dynamics' William Anders is fighting back. A new gain-sharing plan for General Dynamics Corp.'s executive officers received considerable attention in the press when it was...

Lewis, Com-Link 21 co-founder, sells 50% of LDDS stock. (Michael Lewis; LDDS Communications Inc.)
May 27, 1991... Lewis, Com-Link 21 co-founder, sells 50% of LDDS stock Michael Lewis, a Clayton investor, has sold 5,500 shares, or nearly 50 percent, of his stock in LDDS Communications Inc. Lewis is an LDDS board member. He co-founded Com-Link 21, a...

Bryan Cave takes three from K.C.'s 9th largest law firm. (Bryan, Cave, McPheeters & McRoberts gets 3 lawyers from Kansas City's Linde Thomson Langworthy Kohn & Van Dyke)
May 20, 1991... Bryan Cave takes three from K.C.'s 9th largest law firm St. Louis-based Bryan, Cave, McPheeters & McRoberts has expanded its Kansas City office largely at the expense of that city's ninth-largest law firm - Linde Thomson Langworthy Kohn &...

Missouri Research alters loan pact following loss. (Missouri Research Laboratories Inc.) (company profile)
May 20, 1991... Missouri Research alters loan pact following loss Missouri Research Laboratories Inc. has extended its expired loan and bond agreements to allow it to continue operating while restructuring debt payments. The firm is counting on the...

Korte-Plocher Construction Co. (Contracts)
May 20, 1991... Korte-Plocher Construction Co. Korte-Plocher Construction Co. was awarded a contract for $185,700 from the U.S. Air Force for work at Scott Air Force Base in Illinois. The contract is for pharmacy renovations and other areas.

Roosevelt Financial Group. (Dividends/earnings)
May 20, 1991... Roosevelt Financial Group Roosevelt Financial Group, the holding company for Roosevelt Bank, declared a quarterly dividend April 26 of 15 cents a share, payable May 31 to stockholders of record May 15.

MOMED Holding Co. (Dividends/earnings)
May 20, 1991... MOMED Holding Co. MOMED Holding Co. declared a special dividend of $.25 per share on Class A and Class B common stock, payable to shareholders of record May 15.

Colonial Bank adds trust and mortgage departments. (Colonial Bank of Des Peres)
May 20, 1991... Colonial Bank adds trust and mortgage departments Colonial Bank of Des Peres has added a mortgage services department and a trust department. Both operations will be located in the Colonial Office Centre, 12218 Manchester Road,...

Sporlan Valve Co. (New branches)
May 20, 1991... Sporlan Valve Co. Sporlan Valve Co., manufacturer of valves, expanded its facility at 1699 W. Main St., Washington, Mo.

Quiktrip. (New branches)
May 20, 1991... Quiktrip Quiktrip will open a convenience store and gas station at 5017 Gravois Ave.

Jack-In-The-Box. (New branches)
May 20, 1991... Jack-In-The-Box Jack-In-The-Box will open at 3560 Olive pending interior and exterior alterations.

Wittner, Poger & Rosenblum. (Relocations)
May 20, 1991... Wittner, Poger & Rosenblum Wittner, Poger & Rosenblum has moved to Bonhomme Place, 7700 Bonhomme Ave., Suite 400.

Professional Drug System. (Relocations)
May 20, 1991... Professional Drug System Professional Drug System, data base software for pharmacies and hospitals, moved to 530 Maryville Centre.

Practice Match Inc. (Relocations)
May 20, 1991... Practice Match Inc. Practice Match Inc., database system, moved to 55 West Port Plaza, Suite 755.

Tile and Bath Service. (Relocations)
May 20, 1991... Tile And Bath Service Tile and Bath Service, bathroom remodeling, moved to 14770 Clayton Road.

First Gateway Securities. (Relocations)
May 20, 1991... First Gateway Securites First Gateway Securities, stockbrokers, moved to 1000 Locust.

Albert Appliances. (Relocations)
May 20, 1991... Albert Appliances Albert Appliances moved to 370 Fee Fee Road.

Ozer & Trueax. (Relocations)
May 20, 1991... Ozer & Trueax Ozer & Trueax moved its law office to 200 S. Hanley.

Farm & Home touched by currency comptroller flap. (Farm and Home Savings Association)
May 20, 1991... Farm & Home touched by currency comptroller flap A controversy in Washington, D.C., over the reconfirmation of the Comptroller of the Currency has touched Farm & Home Savings Association, the Nevada, Mo.-based thrift with nine branch...

Gundaker sets two records. (Gundaker Realtors Better Homes and Gardens achieve record sales volume)
May 20, 1991... Gundaker sets two records Gundaker Realtors Better Homes and Gardens reported March sales volume of $231 million and listing volume of $162 million, a record for the company in terms of sales and listing activity. Gundaker is the...

Busch ups directors fees by $10,000. (Anheuser-Busch Cos. Inc.)
May 20, 1991... Busch ups directors fees by $10,000 Anheuser-Busch Cos. Inc. gave its directors a $10,000 pay hike in 1990, making the company's annual retainer fee the highest among area publicly held firms. Last year, the company raised its minimum...

Allied Healthcare going public: Harbour Group unit to raise $10 million. (Allied Healthcare Products Inc., a division of Harbour Group Investments L.P.) (company profile)
May 20, 1991... Allied Healthcare going public Allied Healthcare Products Inc., a division of Harbour Group Investments L.P., plans to go public by raising as much as $10 million from a stock offering. Allied is a St. Louis-based manufacturer of...

Keeping ol' Bessie running: auto repair centers doing well as people hang unto cars longer.
May 20, 1991... Keeping ol' Bessie running Slumping auto sales, complex automotive technology and a cautious driving public are good news for the region's auto parts supply dealers and repair houses. "We're not suffering like some of the other folks,"...

Bank of Edwardsville and Wetzel - 31 years together. (Robert Wetzel)(St. Louis CEO) (interview)
May 20, 1991... Bank of Edwardsville and Wetzel - 31 years together When Robert Wetzel refers to the bank he runs, he calls it TheBANK in Edwardsville. "That's what we are," Wetzel said "We've advertised like that for many years." The Bank of...

Insurance groups want arbitrator to handle claims. (Missouri Division of Insurance; Independent Insurance Agents of Missouri)
May 20, 1991... Insurance groups want arbitrator to handle claims The Missouri Division of Insurance and the Independent Insurance Agents of Missouri want legislation passed that will allow Missourians to take their insurance claims disputes to an...

Kunio Suzuki. (People)
May 20, 1991... Kunio Suzuki Kunio Suzuki has been named chief operating officer of Vitek Systems Inc.

McCarthy's 1990 sales up by 12 percent. (construction firm)
May 20, 1991... McCarthy's 1990 sales up by 12 percent McCarthy's total sales for fiscal year 1991 were $914 million, a 12 percent increase over the previous year, the company reported. The St. Louis office accounted for $398 million, or 44 percent of the...

Empiregas refunds ready. (gas company in Lebanon, Missouri)
May 20, 1991... Empiregas refunds ready Missouri residents, businesses and other organizations that purchased propane from the Empiregas Corp. in the 1970s may be eligible for a refund from the federal government, according to the Missouri Department of...

Venture stock among best performers, climbs to $25. (Venture Stores Inc.)
May 20, 1991... Venture stock among best performers, climbs to $25 Venture Stores Inc.'s stock traded at a new high Monday, hitting the $25-per-share mark seven months after it began trading at $10 a share. Retail industry analysts are applauding the...

No more members-only lounging in three TWA cities. (Trans World Airlines closes members-only Ambassador Clubs at airports in Chicago, Philadelphia and Dallas/Fort Worth)
May 20, 1991... No more members-only lounging in three TWA cities Trans World Airlines recently closed its members-only Ambassador Clubs at airports in Chicago, Philadelphia and Dallas/Fort Worth. TWA's Ambassador Clubs, special exclusive lounges where...

Magna Group Inc. (bank to select an agency for its $2 million advertising account)
May 20, 1991... Magna Group Inc. Advertising executives expected a decision by May 17 from Magna Group Inc. on which agency will win its $2 million advertising account. Gary Hemmer, Magna's vice president of operations, has said the bank will pick one...

Craig Conway. (president and chief operating officer of American Bank of St. Louis)
May 20, 1991... Craig Conway Craig Conway has been tapped president and chief operating officer of American Bank of St. Louis. Harley Schwering, chairman and chief executive of the bank, also had been filling the role of president recently. ...

Anheuser-Busch. (Bud Man cartoon character returns to promote Budweiser beer)
May 20, 1991... Anheuser-Busch Bud Man has come back for Anheuser-Busch. The cartoon character that debuted in the late 1960s has returned as a real person, at least one in a Bud Man costume. The live character began appearing this month in some of...

Former Y&A employees buy two engineering subsidiries. (Y&A Group)
May 20, 1991... Former Y&A employees buy two engineering subsidiaries Y&A Group's secured creditors - primarily Mercantile Bank and Cass Bank & Trust Co. - sold the assets of two of the now-defunct firm's larger engineering subsidiaries to employees in...

Koman starts Grandview Plaza renovation. (Koman Group)
May 20, 1991... Koman starts Grandview Plaza renovation The Koman Group has started renovation work on Grandview Plaza, a strip center in Florissant. The renovation includes construction of a new 86,600-square-foot Home Quarters Warehouse Store,...

Osco using new format for selling car washes. (Osco Enterprises Inc.) (company profile)
May 20, 1991... Osco using new format for selling car washes Brad Wandersee's Osco Enterprises Inc. is cleaning up, despite the current economic recession. Wandersee is a vice president for west county-based Osco, a manufacturer's representative for a...

Dealers rely on used cars to offset new car slump.
May 20, 1991... Dealers rely on used cars to offset new car slump Jeff Wolf could sell more used cars. If only he could get more used cars. "We're selling a lot. The problem is there are not enough used cars out there," said Wolf, 30, who has been...

RehabCare Corp. leaving parent, Comprehensive Care. (company profile)
May 20, 1991... RehabCare Corp. leaving parent, Comprehensive Care Comprehensive Care Corp. is spinning off its healthy child. CompCare recently announced its wholly owned subsidiary and most profitable division, RehabCare Corp., had filed with the...