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BusinessJanuary 23, 1995

The final numbers are in and boardings at the Cape Girardeau Regional Airport are up for 1994. Boardings for the year, 6,330, were up 27.8 percent from 1993 boardings. Included in the boardings are Trans World Express, Procter & Gamble Shuttle and the fixed-based operator's charter flights...

The final numbers are in and boardings at the Cape Girardeau Regional Airport are up for 1994.

Boardings for the year, 6,330, were up 27.8 percent from 1993 boardings.

Included in the boardings are Trans World Express, Procter & Gamble Shuttle and the fixed-based operator's charter flights.

October and November were the two biggest months, with 644 and 641 boardings respectively.

Chicago and Kansas City were the Nos. 1 and 2 destinations from Cape Girardeau.

Passengers came into the airport from a wide area -- Caruthersville, East Prairie, Kennett, Perryville, Poplar Bluff and Puxico in Missouri and Cairo, Grand Chain, Thebes and Vienna in Illinois.

Monthly totals for 1994:

January, 339; February, 352; March, 447.

April, 510; May, 521; June, 563.

July, 604; August, 632; September, 608.

October, 644; November, 641, December, 469.

MARION, Ill. -- Pepsi-Cola Bottling Co. in Marion wants to build another plant that would hire about 100 people, but it might not be in Marion.

John Rains, vice president for finance at Marion Pepsi, said the city's water capacity was a "stumbling block" to expansion. The company already employs about 300 in Southern Illinois.

Pepsi envisions building a 200,000-square-foot facility within its five-state franchise area, Rains said.

Rains' comment is sure to fuel calls by some city officials for the building of a 1,000-acre reservoir south of Marion. Environmental groups oppose the idea.

City Commissioner Robert Connell said he wasn't sure how much water the new plant would need.

Drury Inns. Inc., headquartered in St. Louis, has started construction of a new Drury Inn, in Atlanta.

The 143-room hotel will be the first Drury Inn in Atlanta and is scheduled for completion in December.

Drury owns and operates more than 60 Drury Inn, Pear Tree Inn by Drury, Thrifty Inn, Hampton Inn and Holiday Inn Express hotels in a 12-state area, including a number of operations in the Cape Girardeau area.

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The Players Riverboat Casino at Metropolis, Ill., will operate on two-hour cycles, starting next month.

The riverboat casino has operated on three-hour cycles since it opened in February 1993.

Cruises will start at 9 and 11 a.m., 1, 3, 5, 7, 9 and 11 p.m., with a 1 a.m. cruise Fridays and Saturdays.

Awards will be presented at the annual Cape Girardeau Chamber of Commerce Dinner Dance, to be held Friday at the Show Me Center on Southeast Missouri State University campus.

Awards to be presented include the Go-Getter award, the Rush H. Limbaugh award and the Small Business of the Year award.

Retiring chamber directors and chairmen will be recognized.

A social hour will be held from 6 to 7 p.m., with a buffet dinner at 7. Dancing will start at 9.

The cost is $25 a person. Additional information is available by calling the chamber office, 335-3312.

Capital Bancorporation's net income for the final quarter of 1994, and for the year, is up from 1993 levels.

Net income for the last three months was $2.19 million, an increase of 25 percent from 1993 fourth-quarter totals. Net income for the year was $7,253,000, a 3 percent increase from 1993.

Earnings per common and common equivalent shares for the three months and 12 months ending Dec. 31 were 59 cents and $1.90, respectively, compared to 46 cents and $1.88 for 1993. Assets exceeded $969 million.

Non-performing loans on Dec. 31 were $3,169,000. The allowance for possible loan losses was $11,877,000, representing about 375 percent of non-performing loans and 1.54 percent of all loans.

On Jan. 13, Capital Bancorporation's Board of Directors declared a quarterly cash dividend of 18 cents a share on its common stock, payable Feb. 2 to shareholders of record Jan. 26. Also, directors declared quarterly cash dividends with respect to the preferred stock (depositary shares), payable March 1 to holders of record, Feb. 22.

Capital Bancorporation is a multi-bank holding company headquartered in Cape Girardeau. The company operates 31 banking facilities through six affiliate banks in Missouri.

Mercantile Bancorporation Inc. reported last week that income for 1994 was a record $161 million, up 36 percent from 1993 receipts of $118.8 million. On a per-share basis, net income increased 33.6 percent, to $3.74 from $2.80 in 1993.

Fourth-quarter net income was $40.9 million, more than double the $16.4 million the final three months of 1993. Mercantile's per-share net income the final quarter of 1994 was 95 cents compared to 38 cents in 1993.

Financial data for the previous year have been restated to include the accounts and results of operations of Metro Bancorporation and United Postal Bancorp. Inc., which merged with Mercantile Jan. 3 and Feb. 1, 1994, respectively.

Mercantile Bancorporation Inc., headquartered in St. Louis, owns 42 banks in Missouri -- including Cape Girardeau -- Southern Illinois, eastern Kansas and northern Iowa. Mercantile's non-bank subsidiaries include companies providing brokerage services, asset-based lending, investment advisory services and credit life insurance.

NASHVILLE, Tenn. -- The restaurant group Shoney's Inc. has announced plans to sell three restaurant chains as part of a plan to refocus its energies on the kid-friendly dining it helped pioneer.

The restructuring, which also involves executive changes, will result in the sale of the company's 310 Pargo's, Fifth Quarter, and Lee's Famous Recipe eateries, along with its institutional supplier Mike Rose Foods. The company will keep only its Shoney's and Captain D's restaurants.

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