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PAGE 4-PLAPfPEALER. FRIDAY, JULY 17, 1--« §•»!--»» Realtors answer questions about homesharing Ameritech announces quarter report m * ' w Amentech, parent company Beer, Executive •f the MeHeary 9t Realtors McHenry County Board of responds to questions growing trend toward lnriwrt 99 What are the factors that Id be considered when ly buying a home? "A. This is more than a question of finances. There are critical conditions to consider as well. First, select a Realtor who is familiar with the market and the area's property values. It is important that the names of both parties be placed on the mfntffwjf that the exact ealtors ECORD amount of each person's in­ vestment be outlined.Other decisions include: 1. Who has responsibility for maintenance and payment of utility costs? 2. What happens when one or the other fails to pay on time? 3. How will the partnership be dissolved in the event of marriage or relocation of one of the partners? 4. How are tax benefits to be divided? 5. HowVill capital gains from the sale of the house be shared? 6. What happens to the in­ terest in the house if one of the partners dies? With the help of a Realtor and advice of legal counsel, shared Unemployment drops from May Gov. James R. Thompson hailed the dramatic decrease in Illinois' unemployment statistics as one of the most positive economic indicators seen in some time. "When our people go back to work, that is good news," the governor said. "And when the unemployment rate drops from 9.1 percent in the month of May to 8.2 percent in the Month of June, that is good news." "Although the 8.2 percent level is still too high in my opinion, the unemployment rate is headed in the right direction- Russell; Seaton promoted at Com Ed Kenneth W. Seaton has been appointed manaer of Com­ monwealth Edison's Crystal Lake district, succeeding Ronald W. Russell. Russell, has been named Community Affairs Administrator in the Corporate Affairs Department at Edison's general office in Chicago. ! In his new post, Seaton will be responsible for all customer service, meter reading, marketing, construction and engineering activities in the Crystal Lake District. The district serves about 75,000 customers, mainly in McHenry County and in Barrington in Cook County. Russell will coordinate the cpQipany's relationships with all 400 communities served by Edison in 25 northern Illinois counties. He will also be responsible for the utility's public information and education programs. Seaton joined Edison in 1960 as an engineer for fossil generating station design. Since then he has held other engineering and marketing posts and most recently was Assistant Pur- Jasing Agent at the General INVENTOR'S MEETING jjAn open forum concerning the licensing of inventions is scheduled for Aug. 16 at 4 p.m. a| the Archicenter Gallery, 330 S£ Dearborn, Chicago. The nfeeting is sponsored by the Inventor's Council and is open to the public. i* US McHenry a • s,„., ih; rlaindealer McHenry Herald (USPS 335-200) Established 1875 3812 West Elm Street Phone 8)5 385 0170 McHenry Illinois 60050 Published Every Wednesday & Friday ot McHenry Illinois Second Class Postage PAID at McHenry Illinois by SHAW FREE PRESS NEWSPAPER GROUP POSTMASTER Send address changes to McHenry Plaindealer 3812 W Elm St.. McHenry. Illinois 60050 > Subscribers ore requested to •^provide immediate notice of ^change of address to the McHenry * Ploindealer 3812 W Elm St * McHenry. Ill 60050 A deduction of 9 one month from the expiration of a £ subscription will be made where a £ change of address is provided H through the Post Office department Thomas C. Miller-Publisher Donna Bertulis-Editor JUtoarb Winning ilftospaprr 2 i MEMBER NATIONAL ^ NEWSPAPER ASSOCIATION SUBSCRIPTION RATES ly Carrif ... . 50' Week Veor $19 00 In McHenry County Veor $27.00 Outsid* McHenry f aunty down," he added. The governor noted that the dramatic decrease occurred during the month of June, which is noted as the time of year when many graduates are job- hunting. "The ability of the market to absorb these job- hunters while at the same time registering a decrease in unemployment and an increase in employment is very significant," he said. The governor also said that the 11,360 initial unemployment claims that were filed during the week ending June 2 was the lowest number of claims filed for a week since 1979. At the same time, the initial unem­ ployment claims filed during June were fewer than during the same period last year. "Illinois has taken an aggressive course in the area of increasing job opportunities for working men and women in this state," the governor said. "We just completed one of the most successful sessions of the Illinois General Assembly in which many of their actions that I will sign into law will lead to the creation of new jobs." ownership of living can be a good investment for the future. Both owners can build equity that can be used for future real estate investment. If you have any questions relating to real estate, send them to the McHenry County Board of Realtors at 1065 Lake Ave., Woodstock, 60098. Questions of general interest will be answered in later columns. * However, the McHenry County Board of Realtors cannot guarantee a response to all questions. County gains from investment by Allstate The Allstate Insurance Group has invested more than $2.8 million in bonds in McHenry County, according to George L. Bender Jr., the companies' regional vice-president in Illinois. - McHenry County investments are part of more than $424 million in bonds held by Allstate in sixty counties in Illinois. The investments have helped to build schools, airports, parks, hospitals, municipal buildings, health and recreational facilities and pollution control facilities. of Illinois Bell Telephone, reported second-quarter ear­ nings of $263.9 million on total revenues of $2.07 billion. In the first quarter, Amentech netted $257.6 million. Expenses for the second quarter were up moderately, $1.51 billion, up from $1.46 billion in the first quarter. Headquartered in Chicago, Ameritech is the parent cor­ poration of Bell companies in Illinois, Indiana, Michigan, Ohio and Wisconsin. Other sub­ sidiaries include Ameritech Communications, Inc.; Ameritech Credit Corp.; Ameritech Development Cotp.; Ameritech Mobile Com­ munications, Inc.; and Ameritech Publishing, Inc. Modine sets sales record Modine Manufacturing Co. reported record earnings in the fiscal first quarter, according to Earl E. Richter, president and chief executive officer. Richter said first quarter net earnings of $5.53 million, or $1.93 per share, set a new quarterly record at more than four times the 1983-84 first quarter. In the latest annual report, Richter had projected 1984-85 sales to grow 10 to 15 percent over the previous year's $225,472,000. "We tend to be conservative in our forecasts, but we now see a gain of about 15 to 20 percent in 1984-85 sales and in increase of 40 to 45 percent in earnings." New car line to be sold in McHenry Starting this fall, Mitchell Lincoln-Mercury, Inc., of McHenry will be one of 32 Lincoln-Mercury dealerships in the Chicago area and northern Illinois franchised to sell and service a new line of European cars called Merkur. The new brand will be manufactured by Ford of Germany at the Wilhelm Karmann plant in Rheine, West Germany. The first Merkur will be a three-door, five-passenger sports sedan called the XR4Ti. It will be unveiled this fall along with the industry's other 1985 models. Price will be com­ petitive with BMW, Volvo Turbo and Saab Turbo. A second Merkur model is planned for 1986. EXPANDABLE CDs FROM CITKORP SAVINGS CAN DO JUST THAT. WHIN YOU ADD DEPOSIT AFTER DEPOSIT AFTER DEPOSIT. Only Citicorp Savings has the Expandable CD. And like all of our Select CDs, it has a lot to offer you. You can make additional deposits of $100 or more. So your investment expands while.earning the same high rate and keeping the original maturity date. With­ out having to open a whole new CD. Right now, we're offering both 6-Month and 2l/z- Year Expandable CDs. For your short and long term goals. And to show you just what your bottom line will be at maturity date, we're offering a free CD Yield Pro­ jection. It's available at your nearest Citicorp Savings office. Or by calling 977-5000. Whether Expandable or not, all of our Select CDs earn high yields. Because we compound your interest daily. That's an important plus. Just one more from Citicorp Savings. Select the CDs that combine the security of FSLIC insurance and one of the world's strongest financial institutions. At any one of our 60 convenient locations. Don't settle for less than a Select CD. Only from Citicorp Savings. Term Insured Money Market Account 6-Month Expandable CD 1-Year CD lMs-Year CD 2V£-Year Expandable CD 3V2-Year CD 5-Year CD Minimum $2500 $1000 $500 $500 $500 $500 $500 Rate 9.44% 10.30% 10.65% 11.00% 11.27% 11.36% 11.44% Yield 10.00% 11.01% 11.40% 11.80% 12.10% 12.20% 12.30% Rates good thru July 30. 1984. Interest compounded daily on all CDs, monthly at current market rate on Insured Money Market Accounts. A substantial interest penalty is required for early withdrawal from CDs. Additional deposits of $100 or more, not to exceed principal balance of $100,000. may be made anytime during the term of the 6-Month CD and from now thru January 31. 1985, to the 2V/- Year CD. 2'//-Year Expandable CD available thru July 31, 1984. CITICORPOSAVINGS \ McHenry 4400 West Elm Street 385-9000 Main Office: Dearborn and Madison, Chicago, 1-(312) 977-5000. And other convenient offices statewide. 4 1984. Citicorp Savings of Illinois, a Federal Savings and Loan Association. Member Federal Home Loan Bank and Federal Savings and Loan Insurance Corporation. FSLIC