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DELTA UST $1943.00 it iron construction •Capacity 13" table •Spiral, serrated In- I Jjirth ktoricated feed/gear box *ed diser>gagemem •Motor in- J-. fnil j dj WVMfPwtyiy f̂ wOWJ -13"xS.9" •Urge 1( feed roH •Twin bed ro • Feed roB control for eluded - complete. 2; s'ltlfisf •Rips to I bars *3 34*761 . •" V » * $ •, * • ... : :•., Jino »a3/8f #uto«aj90« MM tw MAIL FROM OUT* MOM ami . - toltll vriw »n.M SECTION 2-PAGE 15-PLAINDEALER-WEDNESDAY. SEPTEMBER 2». 1884 Business Below-rate loans available Employment outlook dims slightly McHenry State Bank was announced Monday as one of several Illinois financial in­ stitutions chosen to distribute mortgage loans at below-market rates. The bank will issue $1.6 million in 90-year fixed rate mortgages at 10 and three quarters interest per annum. The money is being made available through the Illinois H o u s i n g D e v e l o p m e n t Authority, which was established tby the Illinois Assembly to assist in providing housing for eligible low and moderate income residents of Illinois. According to Thomas Bolger, president of the local bank, the authority issues tax exempt revenue bonds and makes mortgage loans from the proceeds of the bonds. "They give the money out to designated financial institutions to process the loans, and we are one designated for this area," said Bolger. There is a "lot of red tape and lots of stipulations" to be dealt with in applying for the loan, he said, but com­ mented, "It's going to be great, particularly for young couples starting out without a big down payment. That's what it's designed for." McHenry State Bank's $1.6 million will be issued locally, for properties located in McHenry County. Only first time home buyers who have a signed sales contract are eligible for the loans, according to Richard A. Lane, vice president in charge of lending. Registration forms are now available at the bank. On Oct. 22 the bank will hold a drawing from all registrations. At that time, loan applications will be accepted from those persons whose names are drawn. Local man graduates from bank administration school Half of the $1.6 million can be granted to builders or con­ tractors who also qualify as "first time home buyers." This is reportedly the fourth issue of this particular type of bonds through the Illinois H o u s i n g D e v e l o p m e n t Authority, the first being last summer. Bolger said that in the past, the funds were dispersed to the larger Illinois banks. He said this was the first time a McHenry County bank was accepted for the program. A total of $82 million in bonds were sold. " REAL ESTATE CLASS Real estate transactions, the basic course needed to obtain an Illinois sales license, will be offered in October at Red Carpet Wesley Realty, 388 Liberty, Wauconda. The class starts Oct. 17. Interested persons should call (312) 526-5488 for more information. Frederick C. Kupstis, assistant cashier at McHenry State Bank, recently graduated from the "School for Bank Administration." He was among 500 bankers who completed the three-year program of advanced banking study held at the University of Wisconsin, Madison. The school,- conducted an­ nually for 32 years, is the banking industry's leading provider of technical education in the area of professional bank management. Students con­ centrate in one of five areas of specialized study: audit, bank operations, community bank management, controllership or trust and financial services. Kupstis majored in bank operations. \ The school was sponsored by the Bank Administration In­ stitute, which is the primary research and professional development resource for the banking industry. A McHenry resident, Kupstis has been with McHenry State Bank for'l7 years. BUSINESS DEGREE Daniel E. Coughlin, of McHenry, was one of 452 students to complete degree requirements during the summer session at Western Illinois University, Macomb. Coughlin was awarded a bachelor of business degree. FIRST INSTITUTE OF PROFESSIONAL TRAVEL INDUSTRY TRAINING CLASS STARTS OCT. 22 • 15-week course • Day & evening classes • Over 170 hours of in-depth training • Hands on computer facilities Approved by the Illinois State Board of Education. Owned and operated by the Pre­ mier Retail Travel Agencies in Illinois. 31 E. Crystal lake Ave. Crystal Like, IL 60014 (815)459-3400 mm A ASKS LONDON RIDERS At Spiess 21.99 1 0 0 % C O T T O N D E N I M Reg.33.00 & 34.00. If you like the comfort of 100% cotton denim jeans, but you always like to look your very best... LEE" has just what you're after. Stripe gathered riders provide that casual, yet fashionable attitude of today. Young Attitudes. SPRING HILL CRYSTAL LAKE ST. CHARLES A slightly declining em* ployment outlook for the McHenry market area during the last quarter of 1964 was forecast recently by the Em­ ployment Outlook Survey of Manpower, Inc., the world's largest temporary help service. In our area, 20 percent of the employers polled planned staff increases during October, November and December, while another 13 percent felt they would decrease employment. Another 64 percent anticipated no change and three percent were uncertain," said Chuck Bartels, owner of Manpower's McHenry office. Among the 11,700 firms sur­ veyed on a national basis, 26 percent intend to hire more people in the quarter ahead, while only $ght percent will reduce their workforce. So, the local outlook is somewhat pessimistic when compared to the national average. COUPON i Geographically, the South hps; the most favorable hiring outlook, as it has in nine of tfc- last 10 quarters. A total of percent of the Southern, cottK panies intend to increase th^ir staffs between October an& year's end. Only eight percetfc expect employment levels # decline and 59 percent expect ha change. Both the Midwest aw West show 24 percent of tfir companies plan increases and ;fl> percent plan decreases: IBWU.STRIA SAVE $5 l19" ON RADIATOR FLUSH ( ANN-FREEZE //. REG. FROM '24.95 WITH COUPON FROM (OFFER VALID THRU 12/31 /84*NOT VALID WITH OTHER OFFERS) [ ^702VTELM (RTE. 120) McJlENR^8p15)3^^^HOURSjMON^M YOUR CHOICE ONLY 129900 \ CHARGE IT' We welcome your SPIESS Charge. Visa. MasterCard and American Express'