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Twenty-five (25) words for 321. Each additional word 700. Phone numbcr counts ss one word. Address counts as gix words. Headlines and ccntcrcd copy ea. lincl 36. Box numbers and special borders: 36 ca. Col. inch ratc: $45 camcra ready. $55 ifwe set the typc. Names of advertisers using a box number cannot bc relcascd. Address rcplics lo box numbcr shown in ad in care of Bulldlq Products DlScsl. .15(n Crmpur Dr., Sullc

Newpori Berch. Cr. 92660. Mokc chccks payablc to Cutlcr Publlchl4, Inc. Mail copy to above address or call (714) 852-1990. Deadlinc for copy is the 20th ofthe month. PAYMENT MUST ACCOMPANY COPY unlcss you have esublished credit with us.

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Phonc: 615-t!19{203

Fex: 615-t9"{,{29

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SCOTTY'S Home Centers has joined Habitat for Humanity International to provide building materials for new homes to be built for Florida, southern Georgia and Alabama families. 'We're able to give something back to the communilies we've served forover65 years," said Ron Russell, marketing services v.p. for the 162 store Florida drain, in explaining the company's program lo exchange materials for sales receipts collected by Habilat atfiliates, To date materials have been committed lor six homes.

Payless Stock Offering Flops

Scuttled by a lack of buyers, Payless Cashways Inc., Kansas City, Mo., cancelled a $405 million mid-May stock offering.

Bob John, executive vice president of Kansas City based Mid-America Lumbermens Association, which has members in Arkansas and Oklahoma, said, "Originally Payless announced they would go public with a stock offering of 33.5 million shares at between $13 and $15 a share. After having no luck with Wall Street, Payless officials tried to disguise their rejected offering by lowering the initial price to $9 to $10, but increasing the number of shares offered to 45 million. According to local stockbrokers, the only people interested were Payless employees and Kansas City area investors who like to dabble in local stocks."

Payless, which went private in 1988 after a hostile takeover effort, expected the stock offering to help refinance the $ I .3 billion leveraged buyout. Cancelling the stock offering can be a severe blow to the chain's plarn for new store expansion. About a fifth of ie 195 stores are located in the south with Texas having the heaviest concentration. Competitors such as Home Depot, Builders Square and HomeBase are moving into many current Payless markets.

"It's anybody's guess (if Payless will be able to survive this setback), buttheyhave good penetration insome areas," John explained. *The big question is can they compete against new, glitzy stores and will the industry remain strong enough for them to survive to try Wall Street again."

According to confidential sources at Payless, John said, ceo David Stanley is a financial guru, not a lumberman, and you can bet he will try again.