Merry-go-round Pays

Business notes

November 24, 1991

Merry-Go-Round Enterprises, Inc., based in Joppatowne, announced itsregular quarterly cash dividend of $.0133 per share on its common stock. The dividend is payable Friday, Nov. 29, to shareholders of record as of Friday, Nov. 15.

The company also announced sales for thefour-week period ending Nov. 2 increased 30 percent, to $56.4 million, from $43.3 million in the corresponding period in October 1990. Same-store sales for October 1991 increased about 9 percent.

Sales for the 13-week period ending Nov. 2, 1991 increased 22 percent, to $197.2 million, from $161.5 million in the corresponding period a year ago. Same-store sales for the 13-week period increased 3 percent.

Sales for the 39-week period ending Nov. 2, 1991, increased about 26 percent, to $511.3 million, from $407.4 million in the corresponding 39-week period a year ago. Same-store sales for the 39-week period increased 6 percent.

NORTHEAST MOVES ON

Northeast Beverage, distributor of Coors beer for Harford and Cecil counties, purchased a 50,000-square-foot warehouse on four acres of land in Peninsula Industrial Park, in Northeast, Md.

Currently located in Havre de Grace, Northeast will relocate following modifications to its new building, including the installation of large-scale coolers and office space. The move will more than double the size of Northeast's operations.

BAY DEVELOPMENT LEASES

Bay Development Corp. leased 1,425 squarefeet for medical offices in Plumtree Professional Center in Bel Air.

Andrew Feldman of Kayne, Levin, Neilson, Bavar Realtors represented Bay Development. Plumtree was represented by Beetle Smith of RKS Realty.

BG&E, COUNTY TAP LINE

Baltimore Gas & Electric Co. and Harford County entered into an agreement to tap a Baltimore City-owned water pipeline, called the "Big Inch."

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