BUSINESS MEMO

Terry Lysell, owner of State Beauty Supply Co., 623 Broadway, has purchased a building at 617 Broadway, which formerly housed Rust & Martin Furniture and later a bridal shop.

"We'll be moving State Beauty Supply there later this month," said Lysell.

The building is now undergoing remodeling.

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JACKSON Wayne Maupin, superintendent of the Jackson R-2 School District, will be guest speaker at the Jackson Chamber of Commerce's March general membership meeting Monday at Jer's Restaurant. It starts at 5:30 p.m.

Maupin will discuss the bond issue and middle-school construction proposal on the April 6 ballot.

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A Cape Girardeau radio station, KGMO Oldies 100.7, and five areas business have joined together to sponsor a "Business of the Month" program. Businesses involved in the program include Metro Business College, Mercantile Bank, Superior Office Product and The Meat Shop, all of Cape Girardeau, and Moll Printing Co. of Sikeston.

Previous winners of the 2-month-old program were Cape Calendar Co. of Cape Girardeau and Dr. Stephen Nast's office at Sikeston.

Additional information concerning the program is available by contacting KGMO, 339-7000

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BENTON A 1993 graduate of Kelly High School will receive a $1,000 scholarship from the Shelter Insurance Foundation headquartered in Columbia.

The award will be sponsored and partially funded by local Shelter agent Joe Stuckey, who has participated in the scholarship program for six years.

The scholarship may be applied toward tuition, fees, room and board for any course of study beginning in the fall after the recipient's graduation from high school.

The Shelter Foundation is sponsored by Shelter Insurance, which has 1,160 licensed agents in 13 Midwest and southern states.

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Seifert's in West Park Mall is one of 106 stores in the Cedar Rapids, Iowa-based chain that will continue operations following a "downsizing" of the chain.

A newly-formed investor group, headed by Don Schumacher, a Chicago-based investor, has finalized an arrangement with prior owners to acquire shares of Seifert's.

A deposit has been made on the purchase price, a financing commitment obtained from the lender and the transactions are set to close on Wednesday.

M.A. Blumes will continue as an equity participant and as president and chief executive officer of the enterprise.

"Only the best of our stores (106 of 162) will be acquired by the new entity," said Blumes. "It is these stores which will operate into the future."