STEELE'S TO CLOSE REMAINING STORES

FORT COLLINS, Colo. -- Steele's Markets here, after 60 years in business, was scheduled to close its two remaining stores yesterday.The company recently underwent a reorganization as part of Chapter 11 bankruptcy proceedings, but could not shake off the burden of millions in debt incurred after the construction of a new store, according to Russell Kates, president of the family-owned chain."The main

FORT COLLINS, Colo. -- Steele's Markets here, after 60 years in business, was scheduled to close its two remaining stores yesterday.

The company recently underwent a reorganization as part of Chapter 11 bankruptcy proceedings, but could not shake off the burden of millions in debt incurred after the construction of a new store, according to Russell Kates, president of the family-owned chain.

"The main cause was the fact that we built the $10 million new store in Fort Collins,

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