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'AGE 4 - PLA1NDEALER. FRIDAY ̂ JUNE l>, IWI Nil' r. • f , H HtPt Rnd Thtpe In Business t RECEIVE DIPLOMAS-One hundred and fifty pre-schoolers receive their diplomas at Cooper Kiddie college following a program of singing and musical fineerplays. A pot luck picnic was en|pyed by the youngsters and U their families after the graduation. Union Plumbers 'Hold The Line' Union plumbers in Lake and McHenry counties agreed to hold the line wages for the first six months of a one-year contract ratified by •members of Plumbers Local Union No 93 U A. at a recent membership meeting. ^ Details of the new agreement were announced by Ronald P Short, business manager of Local 93, and William T Dixon Jr., president of the Plumbing and' Heating Contractors association of Lake and OPEN 7 AM TO DARK TROUT NORTHERNS CHANNEL CATS PERCH, PANFISH TAKE DAD FISHING ALL IN FOR FATHER'S DAY SEPARATE PONDS RTE. 120 IN McHENRY 344-3470 IT S FULLER-OBRIEN'S OUAUTXPUIC ̂ >>|V OCTOUOft MINT SALE iv/z/nn ™ PROTECT YOUR HOME Ol WITH QUALITY THAT LASTS! / / . / / ( ( < , , , , X IHIfl "SEVENTY-FIVE" LOW LUSTRE HOUSE PAINT O , , REG 20.30 • Beautiful low CAl c ta sis lustre finish pergal 1® ^**0 HOUSI P*I"T WEATHER KING LATEX f HOUSE PAINT • Beautiful velvet flat finish reg 20.25 SALE $ 1 (if PER GAL • 9 GLOSS ALKYD HOUSE & TRIM FINISH • Mildew QAIP3$1C27 resistant SALE '15" FULSTAIN EXTERIOR LATEX SOLID-COTE • Solid coverage, REG 13.85' extremely SALE S I A32 durable per gal •" FUL STAIN EXTERIOR ALKYD SOLID COTE • Mildew resistant REG 15.60 SALE $1170 PER GAL • • -STAIN EXTERIOR ALKYD SEMI-TRANSPARENT Enhances gfG wood grain SALE »1 A*4 PER GAL. • " MAIN PAINT & DEC0RATINC INC. 385-1115 3819 W. MAIN ST. McHENRY McHenry Counties, wbo headed the negotiation committees for the two organizations. Under terms of the new contract which became effective June 1 and runs through May 31, 1982, there would be no increase in the wage and fringe benefit package from June 1, 1981 to Nov 30,»1981 with a $2 40 increase beginning Dec 1, 1981 i "This would mean an overall increase of $1 20 per hour for journeymen plum­ bers over the life of the contract or an increase of 7 percent over the present agreement". Short pointed out "Our members are aware of high unemployment in the plumbing trade in our area and recognized that a wage increase during a period of recession in the construction industry would be counter­ productive at this time," Short explained Mrs. Alvord Promoted At Prem, Inc. W. T. Peterson, executive vice-president of Prem Magnetics Inc., has an­ nounced the promotion of Genevieve Alvord to the newly created position of production manager responsible for all functions of the Prem production operation. Mrs Alvord a 12-year resident of the Johnsburg area, has been employed by Prem for nine years, the last four of which she was a department supervisor. Prem Magnetics located in Johnsburg has been in operation since 1972 having over four million dollars in sales and employs ap­ proximately 135 employees Modine Founder Dead At Age 95 Arthur B Modine, founder of Modine Manufacturing company, died June 11 in Jupiter. Fla He was 95 years of age. and had retired from his company in 1972 He moved to Florida in 1969 Mr Modine formed his company in 1916 to produce "Spirex" farm-tractor radiators, a new concept he developed and patented. His first factory was in a 10,000 square foot rented space in the Sattley building in Racine Today, the Modine company employs nearly 3.000 persons at 16 manufacturing plants in eight states and at the corporate headquarters and reasearch and development facilities in Racine. The company is a leader in the production of a large variety of heat-transfer products. SUNDAY IS BUFFET DAY AT CRESCENT BAY BRUNCH 10-2:30PM HAM, BEEF OR TURKEY, OMELETS, FRENCH TOAST, SALADS, SWEETS AND MUCH MORE I BEGINNING JUNE 21 -FATHER'S DAY OLD FASHIONED, PAN-FRIED CHICKEN DINNER (ALL YOU CAN EAT) PLUS SOUP, MASHED POTATOES AND GRAVY, VEGETABLES, SALAD BAR AND MORE SERVED 3:30-7:30PM 385-8899 REG. DINNER MENU ALSO AVAILABLE ADULTS $S* CHILDREN (10 AND UNDER) FOR BRUNCH AND CHICKEN DINNER ON THE FOX RIVER AT THE JOHNSBURG BRIDGE" 3309 N. CHAPEL HILL RD. I I I I I I I ITTTTI rr SUPPORT There is one of the best little musicols in town thot no one should miss! it is fresh, it sporkles, it is full of fun, it is sophisticated, it is clever, it is olive, it is terrific, it's o blockbuster! One lovable guy, two sensational gals, a piano player, and percussionist por ex- cellance. put on a show you will never forget! The costumes are works of art, the sets are ingeniously simple...right before your eyes, a wisp of turquoise chiffon is gracefully draped, a vase of beautiful flowers, an exquisite chair, create a superbly sophisticated set, with just the right touch of lighting to lend seductive glamour. The attention given to every detail in set design, costuming, lighting, is truly the work of immaculate craftsmanship. The title of this marvelous musical is "Life is a song, love is the music." Could anything be more beautiful? I urge everyone to see it...call 305-6672 for showtimes. I Real Estate Facts \ Scholarship Winner (By Yvonne Beer, executive officer. McHenry County Board of Realtors). The latest addition to the home mortgage menu, namely adjustable rate mortgages (ARM), have stirred up some heated controversy in the real estate industry -• and rightfully so. New regulations approved in late April by the Federal Home Loan Bank board allow lenders to offer the adjustable rate plans. Without a doubt, these mortgage instruments place the total burden of inflation squarely on the shoulders of the buyer. Here's how an adjustable rate mortgage works. The interest rate affixed to the loan can be changed as often as every month depending upon a federal index. Which federal index is used is agreed upon by the borrower and lender when the mor­ tgage is written. Changes in the interest rate then are reflected in one of three ways: The monthly payment can rise or fall; the term of the loan can be reduced or lengthened to a 40-hour maximum; or the loan principal can be in­ creased or decreased. Again, which method is used and how oftep the changes are implemented are agreed upon by the borrower and lender when the mortgage is drawn up. Real estate industry leaders have had varied reactions to the ARM Some think it's the greatest thing that's happened in mortgage financing in the last decade. However, John Wood, president of the National Association of Realtors, fears that the ARM will have a chilling effect on the housing market. "Business is already hurting and this is the worst thing that can happen," Wood said "We (the National Association of Realtors) sympathize with the savings and loan in­ dustry in their financial plight, but the ARM is not the answer." "Changing rules for home buyers in so drastic and rapid a fashion is poor government policy," Wood continued "There are more equitable alternatives." "The regular rollover plan used in Canada provides for a half point change up or down in the interest rate every six months," he said. \^'This seems far more equitable than the ARM Secondly, we would like savings and loans to be able to sell their low- yield loans to make them tax-free to buyers to get those old mortgages off the books. Finally, we need tax incentives in which $500 and $1,000 in interest income from savings accounts is tax-free". The adjustable rate mortgage follow^ its big sister, the renegotiate rate mortgage, which was heralded by many as the mortgage of the future. The renegotiate rate mortgage provided that the interest rate would be re-evaluated and adjusted every 3 to 5 years depending again upon a federal index. Lenders complained, however, that the renegotiate rate plan did not provide enough flexibility to match changes in their cost of funds. Renegotiable rate mortgage regulations will now be replaced with adjustable rate mortgage regulations. Certain lenders have voiced concern about determining a homebuyer's ability to meet monthly payments with the potential for increased mortgage rates. To this end, these lenders say they may voluntarily put a ceiling on future interest rate in­ creases both as a means of preventing loan defaults and to allow a basis for assessing the creditworthiness of buyers. Looks like only time will tell and the public, ob­ viously. will be the deter­ mining factor as to the success or failure of the ARMs William R. Rohm, left, Rae Corp. president, is shown with Alynda Robertson, winner of ihe first annual Everett T. Hanson-Thomas G. Hanson scholarship award. At right to her mother. Allta Robertson, a Rae employee. On June 2, at the Senior Awards assembly at McHenry East campus, Alynda Robertson received the first annual Everett T. Hanson-Thomas G. Hanson scholarship award. The $1,000 renewable scholarship was named to honor the family of one of RAE's founders and will be presented annually to the graduating senior of a RAE corporation employee. Applicants are judged on the basis of scholastic aptitude and achievement, coun­ selors recommendations, awards and honors, extra curricular activities and financial need. Alynda, daughter of the Reverend and Mrs. Gerald Robertson. 3718 W. Ellen road, McHenry, will be entering St. Paul Bible college in St. Paul, Minn., next fall to begin working toward a degree in Elementary Education and plans to enter the missionary field after graduation. Alynda will be the third member of the Robertson family attending St. Paul Bite college. James and Lori Robertson, her brother and sister, are also students of the college. Alynda'a mother, Alita Robertson, has worked for RAE corporation in the Repair department since 1974 Employment Outlook Better McHenry area employers are more optimistic in their hiring forecasts for the coming three months (July, August. September) than they were one year ago, according to a quarterly survey by Manpower. Inc., the world's largest tem­ porary services firm Chuck Bartels. owner of Manpower's McHenry of­ fice, said. "Manpower's survey found employers here to be reasonably ofc- timistic in their forecasts,-^ with more projecting hiring plans than at any time in more than two years Of the employers queried, ̂ _3Z, percent report hiring plans. 7 percent are planning reductions and 56 percent expect no change." When Manpower con­ ducted a smiliar survey one year ago. 13 percent of the participating employers had hiring plans, 13 percent were expecting to make staff reductions and 74 percent anticipated no change. Employers in the service industries, non-durable goods manufacturers, wholesale and retail mer­ chants and financial in­ stitutions have hiring plans Some construction and transportation companies and public utilities have hiring plans while others are preparing for staff reduc­ tions Reginal expectations vary for the next three months The Midwest, which has been the most depressed region this past year, has an improved employment outlook compared to one Electric-Gas year ago. while the Nor-, theast, which resisted much of last year's sharp decline, now expects generally weak hiring plans Employers in the South and West, who have had generally stable hiring expectations in past quar ters, again foresee little change in hiring activity for the next three months Conservation Unit Holds First Meeting m, MBAm mm fftinn KCTMM Mil/ f«nVIvl 4106 McCul torn Loke Rood 3W-1321 HOW SELLS MOTORCYCLE ACCESSES •Bel-ray oil •Michelin & Goodyear Tires •Fairings •Windshields •Kerker Exhausts WE ALSO HAVE PAHTS AND SERVICE FOR: •Kawasaki *Honda •Yamaha *Suzuki •Triumph Before you purchase anything for your motorcycle check with MOTORCYCLE MAINTENANCE MON.-SAT 9-6 Commonwealth Edison officials met June 12 in Sprinfield with represen­ tatives of other Illinois .electric and gas utilities to form a cooperative group to provide residential con­ servation services Under the plan. 3 million Illinois residents - two-thirds of whom are Edison customers - will become eligible for a Trout Farm Under New Management Rainbow Trout farm at 5215 W Rt. 120, McHenry, is now under the management of Charlie Schultz Plans for new construction cover the next two years, and as it progresses there will be additions to the two full time and several part- time employees Future planning includes a pavilion for family reunions, company picnics and a full shuttle service to cover the 23-acre park on-site energy low-cost. audit Audits will be made available to customers in single-family dwellings, and small apartment buildings (up to four units) at a minimal cost The actual cost of each audit is expected to be over $100, with the balance being subsidized by the utilities The four ponds are stocked with trout, catfish and northern perch Bob Meyers, the original owner, started the business about 25 years ago It was sold last fall DECLARES DIVIDEND NICOR. Inc., directors on June 10 declared a regular quarterly common stock dividend of 71 cents a share The dividend wiU be payable Aug 1 to shareholders of record June 26, according to C J Gauthier. NICOR chairman and president Were Bjoon î̂ wi(h .Savfug 1/ PRICE 72 SALE ALL BfcDDING PLANTS & FLOWERING HANGING BASKETS FREE GERANIUM PLANTI WITH M0.00 PURCHASE EFFECTIVE JUNE 1B-24 SUNDAY TO BE OPEN I 9AM-1PM COME EARLY TO TAKE ADVANTAOE OF OOR WIRE SELECTION OF... MARIGOLDS*PETUNIAS*ALYSSUM *SALVIA*SNAPDRACONS GERANIUMS REG. 1.59 HANGING BASKETS REG. 12.50 25 CLEMATIS PEONIES 000 PEPPERS TOMATOES CABBAGE JBtfti LZ2I& VINCA VINES £ ASPARAGUS FERN KEG. 1.00 RHUBARB REG. 3.75 IMPATIENS REG. 5.00 DOZ. McHENRY FLORAL COMPANY sots. RTE. 31 O 385-0404 HOURS: MON-PRI SAM-tPM SAT. tAM-S:MPM SUN. 9AM-9PM