10D
Wednesday, August 22, 1979
University Dallv Kansan
...
Lawrence bankers offer varied special services
By RICK JONES Staff Renorter
With four banks in town, each of them renting a 24-hour automated service and an array of other arrangements, students shouldn't have much trouble finding a bank to suit their needs.
All of the banks offer five and a quarter percent interest rates on savings accounts, and prices for different types of checking accounts also are similar.
The Douglas County Bank, with locations at 23rd and Louisiana streets, and at Ninth and Kentucky streets, has an automated teller machine outside both
The machines will accept deposits for both checking and savings accounts, treasury accounts, accounts, loan payments, mortgage payments, utility bill payments, and will process cash advances.
Jean Baker, vice president of the bank,
said the bank had four types of checking accounts.
The first type was for an account of $100 or less. A service charge for this type of account is $4 a month.
ACCOUNTS OF $100-$200 are charged
$3, persons with $200-$300 are charged $2,
$4, persons with $400-$500 are charged $5,
and those with a minimum of $300 can write checks for free.
First National Bank, with locations at
Arizona Sacramento St. and at 180 W. 23rd
St., bank at Arizona St., and banks,
at the Hilcrest Shopping Center, at
Ninth and low streets and at the Kansas
Karla Brockman, head of the accounting department, said the bank didn't have a service charge for persons with a balance in their checking account of more than $300. If an account dropped below $300, it would be charged as $1 a month, and 10 plus a cash note.
She also said the bank would charge a flat rate of 20 cents a check for people who write fewer than ten checks a month.
KEN RAGLAND, president of the University State Bank, 900 Iowa St., said that he has formed First National to automate tellers. Customers at either bank could use any of his machines.
He also said there would be a new Zip machine in the Satellite Union when it opened in mid-August.
He said that checking accounts that were more than $400 did not have to pay a service charge. Accounts of less than $400
are charged one dollar a month and ten cents a check.
The Lawrence National Bank, has locations at 647 Massachusetts, and at Ninth and Louisiana streets. The bank's "Oto" machines are located at 270th and streets. Ninth and Iowa streets. 1740 Massachusetts St., and at 28th and Iowa streets.
JUDY WINGER, vice president of the bank, said that service charges on checking accounts which totaled less than $200 were 75 cents a month and 11 cents a week. The bank would write many checks, they could pay 20 cents for each one they wrote, she said.
All of the banks will pay bad checks at a fee of between $4.50 and $5, depending on substantially more than a person's balance, the banks would review the person's past history at the bank and check to see if there was the check back to the party that caused it.
With automated tellers machines located all over town, and with the banks and savings accounts, perhaps the only factor a student need consider when selecting a job.
By CYNDI HUGHES
Staff Reporter
Turquoise sales declining
One of the two Lawrence turquose jewelry shops that closed this summer because of the declining popularity of Indian jewelry will reopen in October.
The Turquoise Shop. 1828 Massachusetts St., owned by Super Oil, Inc., of Topeka, closed at the end of June to restock its inventory of jewels, jewelry, the company's president said recently.
Forrest Thurber, president of the independent oil company, said in bringing in a new merchandise inventory would provide new styles for regular customers to buy.
About 80 to 85 percent of turquise buyers purchase the authentic jewelry regularly, he said.
Other customers purchase turquoise and silver jewelry only once or twice, usually as gifts, he said.
If the stock is not rotated, regular purchasers have no new styles of jewelry to choose from, he said.
"Unless you can rotate new customers, the only thing to do is to restock your inventory," he said.
This is the first time the Turquoise Shop has been closed for restocking in the three years of its operation, he said.
"This is the first time we have tried an approach like this. We figured summer was a good time to try it," Thurber said.
inventory of rings, bracelets, necklaces and earrings when the shop repens.
The shop will sell some pieces of turquase and gold jewelry, an increasingly popular combination, he said. New styles of silver jewelry also will be added to the regular
THE PRICES at the Torquise Shop will be higher because of the rising price of silver, Thurber said.
"We can't buy our jewelry now for what we used to because of the high price of silver," he said.
Most of the jewelry sold in the Turquise Shop is bought from Indians in the southwestern United States by purchasers from Super Oil.
Thurber said the company's buyers often select the pieces for the shop from the suppliers who are responsible for a franchise who charges the buyers a commission for himself over the Indians'
With this buying method, the shop sells only handmade Indian jewelery, he said.
To test the quality of the silver, the metal takes a sample piece of the metal with an acidic solution. If the metal is high quality sturding silver. If it turns green, the metal contains some nickel.
No scientific test for the authenticity of the tauruque itself is used, because true tauruque is distinct from fake tauruque in an intangible way, he said.
"YOU JUST KNOW if it's real or not," he said. "The phoney stones just don't have the life of real ones."
The Turquoise Shop will reopen to one less
competitor. The Madonna Indian Shop, formerly at 117 Eightth Eagle St., went out of business at the end of July because it was not making a profit.
Rhonda Hood, daughter of the shop's owner, Donna Evans, said her mother's shop closed because the demand for turnover jewelry was declining.
"The turquoise fad is out," she said. "We just can't make the money that we need to have to stay in business."
Hood said inflation partly caused the decrease in demand for the jewelry.
"Money's just so tight that people won't buy our jewelry unless it's cheap," she said.
Thurber agreed with Hood that the popularity of turquoe is decreasing, but believes it will be only temporary, he said.
"The turquoise business is probably in a right now, but I think the market will move forward with us," he said because we believe in the business. The hard core turquoise buysers who recognize the importance of their brand.
Most of the jewelry sold at the Madonna Indian Shop came from Indian jewelry stores. A few students at Haskell Junior College in Lawrence also made some pieces to sell in Paris.
The Native American Artists shop at 745 New Hampshire St. also sells Indian jewelry, but the shop's owner could not be reached for comment.
Some local establishments need students to survive
Some of the fast food and laundromat businesses in Lawrence will be glad to have students back in town this fall.
"We lose money in the summer because of the students and also because summer isn't good for laundry," Vina Reed, manager of the three Acme stores in Lawrence, said.
"All laundromats' business in the summer is bad because there are no students," Reed said.
One business, Acme Dry Cleaners, makes no profits in the summer.
The laundry business does best from October to December because of the many parties and the holidays, she said.
Another business that is affected by the lack of students is Wendy's Old Fashioned Hamburgers, 523 W. 23rd St.
"We always make profits. In the summer, profits are a lot lower," said Susan McLaughlin, co-manager, about $7,000 a week lower.
"The college students being gone really hurt us," McLaughlin said. "During the normal school year, around midnight, we got good business from students returning from the bars. During the summer, we get a tiny business from those students," she said.
A few businesses experience smaller declines in business. Bord Bandido, 1528
W. 23rd St., is doing very well, according to Mark Arndt, manager.
"Early in the summer, students left and people went on vacation. This hurt business a little." Arndt said. "We have a lot of friends who keep our profits from drowning."
Arnott estimated that Border Randido's total business had dropped around 15 percent during the summer.
Summer has not affected the McDonalds on Sixth Street very much.
"We have experienced a 5 percent drop in jobs since May," said Jerry Guffey, manager. "The college students being gone are out of work and there is a lot of business from turpike travelers."
Vista Drive I In Restaurant, 1527 W. Sikh St., is affected by the slow midnight business, according to Duane Gasper, manager.
"Our daytime business is staying the same," Gasper said. "The college students being gone haven't hurt our business yet," he said.
Taco Bell, 1408 W. 23rd, does not lose any business in the summer, said Tom Matlock, manager.
"Most of our customers are regular, so business is not affected in the summer," he continued.
green's liquor
802 west 23rd street 841-2277
MALLS
BOOKSHOP
The gift and party headquarters, come in and see us for hallmark cards and gifts.
711 W.23rd
IN THE MALLS
sua films
PRESENTS
FIVE EASY PIECES
Sunday Aug. 26
2:00 pm
$1.50 Woodruff Aud.
—No Refreshments Allowed—