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• V PAGE 19 • P1.AINDF.AI.ER - FRIDAY. APRIL 6.1979 'P%\* Here find There In Business Allow Bank To Organize McHenry Survey Employment Outlook Firm Today the commissioner of Banks and Trust Companies of the State of Illinois issued a permit to organize the Wpnder Lake State Bank. The Wonder Lake State bank, to be located at 7526 Hancock drive, Wonder Lake, will be capitalized at $800,000.00 consisting of 32,000 shares at $25 per share. The president, Stephen Mitchell, who formerly was the operating officer of Deerfield State bank, a $30,000,000.00 institution, announced that he was now accepting stockholder subscriptions from interested parties. Herb Ranks, a Marengo attorney, thp chairman of the institution, indicated that'his permit was a result of more than two years of going through the regulatory agencies. It is anticipated that the Wonder Lake State bank will open about July 1, 1979. Any persons interested should call Stephen Mitchell at 728-0433 or Herb Franks at 923-2109. Ralph Nowak Promoted By Indiana Bank Chicago Area Home Sales Up New home sales in February rebounded smartly from January sales that were depressed by record snow and cold, encouraging builders to look forward to increased sales momentum in the spring months. The Home Builders Assocation of Greater Chicago (HBAGC) reported that 500 new housing units were sold in the Chicago area during February, up from 110 sales in January. Although the January, 1979, figure was 83 percent below the level of January, 1978, February, 1979 crept up to a pace 56 percent off February 1978, which registered, 1,152 sales. "The trend is definitely upward," stated C. Cass Collins, HBAGC president. "Many of the people who had postponed looking at or buying new homes in January came out in February. In the single-family home category, sales rose from 177 in January to 321 in February, a 174 percent gain. Traffic was up, too, going from 4,134 visitors to model home sites in January to 13,864 in February. Following the upward trend, average prices in February rose to $82,335, up from $81,700 a month earlier, and up from $72,500 in February of 1978. Collins said he sees no in­ dications that prices will stop their relentless upward climb. "All factors point to continued increases: land, labor, materials, and financing," he said. "We need all the help we can get to curb these increases, including cooperation from villages and counties to modify ordinances and procedures that add to costs without con­ tributing a corresponding benefit." Meanwhile, financing remains available for buyers. So Collins suggests that this is a good time to buy a home, because it's difficult to see that prices will get any lower. Figures in the HBAGC report are supplied by builders who represent 60 percent of the housing activity in the Chicago metropolitan area. McHenry area employers anticipate a low level of new hiring activity during the coming three months (April, May, June), according to a quarterly survey of McHenry employers conducted by Manpower, the world's largest temporary help service. Chuck Bartels, owner of Manpower's McHenry office, said, "Manpower's survey found that most employers here plan no change in their em­ ployment levels during the second quarter, with the outlook brightest for new jobs forecasted for the wholesale- retail sector. Overall, 27 per­ cent of the employers expect increased hiring while 10 percent considering reductions and 63 percent plan no change." Bartels said In a sirfiilar survey con­ ducted by Manpower three months ago, 28 percent of the employers planned increased hiring, 14 percent were con­ sidering reductions and 58 percent planned no change. Seasonal factors influence the quarterly variances While the most optimistic projections of increased hiring is registered for the wholesale- retail sector, limited new hiring activity is projected for the durable goods manufacturing, financial and education sectors as well. . Nationally, survey results project c/ontinued employment growth during the second quarter, indicative of an un­ derlying strength in the economy. In each year since the 1974-75 recession, second quarter employment gains have far outpaced the advances made during other periods, with more than 1.5 millions added to the work force each year. Second quarter employment growth has been significatnly in­ dicative of full year em­ ployment rates, with the same magnitude of work force in­ creases projected for the next three months by the latest survey. Nationally, 31 percent of the employers sampled plan to hire additional workers during the coming months, while 6 percent anticipate staff reductions, 3 percent are unsure of their plans and 60 percent expect to maintain current work force strengths The latest survey findings are slightly under the strong projections of a similar survey conducted one year ago, when 33 percent of those polled planned employment in­ creased, 6 percent expected reductions in staff, 58 percent anticipated no changes and 3 percent were unsure of their plans. Strong employment in­ creases are projected for the important mining, construction and manufacturing sectors. Construction trades em­ ployers, rebounding from winter's lull, expect significant employment changes, with 52 percent planning to add to construction crews, while 39 percent maintain current levels. Six percent anticipate layoffs and 3 percent are ur\-, certain of employment levels., The least otpimistic outlook for employment during the coming months is recorded for. the public administration and education sectors, where significant reports of reduced employment have been measured Education employers project the least favorable report f<* new hiring in the history of thh; survey; only 11 percent hav£ such plans The majority, 7J percent, expect no change iij* current employment levels*" while a large 10 percent plait reductions. 5 The remaining four economic^ sectors - services, wholesale^.; retail, finance-real estate^ insurance and transportation^ public utilities - show in& dications of stability in current work force levels In each o£ these sectors, the rate of em^ ployment increases marginally lower than previou£ levels, but without evidence ofe significant staff reductions Name Carl Ames GTI Studies Ways _ , „ / Broker-Manager To Cut Phone Noise RealtY °"'ce General Telephone company of Illinois (GTI) has formed a committee to study ways to reduce noise and improve transmission quality of local dial service. The nine-member committee is identifying major noise sources and developing both short- and long-term corrective plans. "Special emphasis has been placed on local transmission quality because the noise problem appears to be one of the most important factors in our customers' opinion of their overall local dial service," said. C. Sumpter Logan, vice president - marketing and customer service. New Services Announced After Realtor Meeting ERA-RDG Realty, 920 N. Front street, McHenry, is a step closer to providing a "one stop real estate shopping center" with the introduction of several new programs for home buyers and sellers, it was announced this week by Richard W. Doherty, Jr., president. Doherty recently returned from ERA Real Estate's (Electronic Realty Associates, Inc.) seventh annual con­ vention in LasVegas. More than 7,000 ERA brokers attended the four-day meeting. ERA is the nation's second largest real estate franchise with 3,000 offices in all 50 states. The ERA convention, Doherty said, was highlighted by the announcement that ERA Real Estate is the only real estate company to become a corporate sponsor of the United States Olympic committee in helping send America's finest athletes to the 1980 In­ ternational Olympic games in Moscow. It will raise funds to help support America's efforts. In addition, ERA-RDG Realty is making plans for its 1979 fund-raising efforts for the "Fight Against Muscular Dystrophy". Sales associates from ERA-RDG will join 40,000 ERA representatives May 5-6 for its "Weekend in May for MDA" door-to-door collection. In a single day last May, ERA raised $602,000 toward its final contribution of $900,000 to the M u s c u l a r D y s t r o p h y association from the real estate industry. ______ ISSUED PATENT James H. DeVries of McHenry has been issued a patent on a disposalbe liquid applicator. CARLAMES The assignment of Carl S. Ames as broker manager of the RALPH NOWAK Indiana National bank recently announced the promotion of five officers and the election of four new of­ ficers. Among them was Ralph Nowak, son of Mr. and Mrs. George R. Nowak of Elm street, McHenry. He was promoted assistant vice-president. Nowak also is a trust officer in the trust division. Nowak joined INB in 1973 and holds an undergraduate degree from the University of Illinois and an M B.A. from Indiana university. McHenry Realty Lakemoor office, 201 W. Rand road, McHenry, was announced by Joseph P. Sullivan, broker owner of McHenry Realty. Ames resides with his wife, the former Louette Ann Hart- mann, and his family on Pistakee Bay. He is a retired U.S. Marine corps major and earned his M.S. in Secondary Education at the* Hawaii Pacific college, Honolulu, Oahu, Hawaii, where he graduated Summa Cum Laude. Ames' real estate credentials include life membership in the Million Dollar club, a member of the American Association of Certified Appraisers, the McHenry County Board or Realtors, Illinois Association of Realtors and the National Association of Realtors. Directory Assistance Calls For Bell Down Calls to directory assistance in January were 10.37 percent below those of a year earlier, according to a report Illinois Bell filed with the Illinois Commerce commission March 15. The directory assistance report also indicated that Illinois Bell customers received $817.113.25 in credits as part of the first month of the plan The company's directory assistance charging-^plan. approved on a two year ex­ perimental basis by the commission last November, became effective with billing dates on and after Jan 4, 1979. from HISTORY'S SCRAPBOOK i DATES AND EVENTS FROM YESTERYEARS M M April 6, 1957 -- Trolley cars become a thing of the past in New v York City as the last trolleys make their final runs. \ April 7, 1959 -- Oklahoma repeals Us law prohibiting the sale of^j al c o h o l , i n e f f e c t s i n c e a c h i e v i n g s t a t e h o o d 5 2 y e a r s e a r l i e r . T h e a c * tion leaves Mississippi as the country's only "dry" state. Recognize Leadership Of McHenry Executive David Quade Speaks For Quality Control T. CRAIC; ADMAS The Northeastern Illinois section of the American Society for Quality Control will hold its monthly meeting Thursday, April 19. The dinner meeting will be held at the Cabriolet restaurant, Libertyville, with dinner at 6:30 p.m. and the meeting at 8 p.m. The featured speaker for the evening will be David R. Quade, a partner in the law firm of Diver, Bollman, Grach and Quade. Quade will discuss the roles of the quality professional and defense counsel in preparing for trial or other disposition of the product liabilitv claim. His topic will deal with what defense counsel will ask of the Quality Professional for preparation of the defense, what the plaintiff's attorney will ask of the Quality Professional through discovery for preparation of the paintiff's case, and what can be learned from this process. T Craig Adams, vice president in the Ft. Lauderadale office of Loeb Rhoades, Hornblower and Co. has been named to the (Century Club of) the firm's Management Advisory board for 1979 The announcement was made by John P Toolan, president of the international investment banking and brokerage firm Membership in the Management Advisory board is a distinction reserved for ac­ count executives who have demonstrated outstanding ability in client service and leadership within the firm A graduate of Southern Illinois university, Adams joined the firm in 1976. He and his wife, Pat. and family live in Ft. Lauderdale Loeb Rhoades, Hornblower and Co is one of the nation's largest investment banking and brokerage firms serving in­ dividual investors INSURANCE REPAIRS Call Our Professional Appraiser First... 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McHenry County's Largest Office Supply and Sporting Goods Dealer 228 Main 338^3535 Woodstock McHenry CITG0 Quik Mart TRASH CAN LINERS CONVENIENCE FEATURE FULL GROCER* TOMBSTONE $1 52 COUNT 20 OZ. LARGE CHEESE BUTTERNUT BIC LIGHTERS •sal LOAF EACH STOP 4 SAVE! .*r HOT & COLD INSULATED CUPS 8 j/3 OZ. SIZE 51 COUNT THIRST KING BATHROOM TISSUE iiS**310" p°Uro CHIPS 4 ROLL PACK ANDvoi,f #c th $"|62 GALLONS HOMOGENIZED. 8 J6oZ BTTLS. 2% SAVORY BRAND BACON CITGO ANTIFREEZE McHenry $1 CITGO V/A GALLON PRICES GOOD ITEMS (