Herald and Review from Decatur, Illinois • Page 47

,47 Decatur, Illinois, Sunday, February 26, 1978 DECATUR SUNDAY HERALD AND REVIEW The Market In Brief BusinessIndustry 7- Mt' -'1 It Trrrrrfl- 756.24 I'lal Closed Analysis 3.55 DOW (ONES 30 INDUSTRIALS Week of: Fib. 20-24 Mon. Tue. Wed. Thu.

Fri. 000 fU9Z8i 950 900 850 800 750 700 i A 1 1 1 1AS0NO IF MAM I 514 (FASSB00K) 5.39 1 YEAR) 7.08 nnual yieid annua! yield The 760 1 1 612 Staff photo by Ron Ernst The remodeled lobby, tellers area and other offices will open Monday morning. Citizens Bank lobby finished refurbished space will house the commercial and installment loan departments, plus a section devoted to after-hours operation. The third floor of the main bank building also will be remodeled under phase two and is to be occupied by the bookkeeping department, farm management department and employee cafeteria. Completion of this final phase is set for mid-1978.

management of the project, which began about 18 months ago, has been handled by The Bunce Corp. of St. Louis, a specialist in the remodeling of financial institutions. Customers now will enter the bank through new doors below a protective roof on Landmark" Mall. Phase two of the project calls for further remodeling of the area formerly occupied by Walgreen drug store.

The The first phase of the multi-million dollar remodeling of Citizens National Bank of Decatur has been completed and will be open for use Monday morning. Phase one includes the lobby and tellers area, mezzanine, offices, second floor officers' areas and lower level safe deposit area. Design, planning and construction Ray A. Sehrt 1 4 vt WW 0 New indexes of living cost anticipated New York (AP) Stock-market investors are to get their first look Monday at some new statistical measures of the trend of consumer inflation. The Bureau of Labor Statistics plans to introduce two new measures of the cost of living, as it makes its regular monthly report on the consumer price index.

The immediate impact of the January data on the market may well be muted by investors' more immediate concern with breaking developments in the longest coal strike the nation has ever had. But the figures are nevertheless certain to get close scrutiny on Wall Street, given the financial community's perennial sensitivity to the issue of inflation. Hopes for an impending end to the coal strike got credit for an upturn by the market in the past week. After touching new 34-month lows on Tuesday and Wednesday and extending its string of consecutive daily losses to the Dow Jones industrial average rebounded in the week's final two sessions. It closed at 756.24, up 3.55 points from the previous Friday's final reading.

The New York Stock Exchange's composite index rose .29 -to 49.19, and the American Stock Exchange market value index posted a .92 advance to 123.87. Big Board volume averaged 20.39 million shares a day, against 19.50 million the week before. As the Merrill Lynch Market Letter explained jn its latest issue, the Bureau of Labor Statistics' two new consumer-price measures are designed to provide broader and more up-to-date gauges of inflation trends. The traditional consumer price index, Merrill Lynch noted, "is limited to the buying patterns of urban wage earners and clerical workers based on a 'market basket' of goods and services purchased in 1960 and 1961." One of the new indexes will cover the same workers, who represent about 40 percent of the population, but will use a revised 'market basket' giving greater weight to such expenditures as housing and transportation and less to food. The other new index will cover not only wage earners, but professionals, self-employed persons, retirees and welfare recipients.

At the same time new methods of gathering price data have been adopted. And six months from now, Merrill Lynch noted, the BLS plans to discontinue the old index and report only the two new ones from that point on. "Even with the changes, the new indexes will not be perfect," the firm concluded. "As with all statistical sampling procedures, absolute accuracy is impossible. But they should provide a better guide to what's happening in consumer prices." As for what the January numbers are likely to show, Merrill Lynch estimates a slightly faster rate of increase in the old index than in December, when a letup in the advance of food prices helped it record a relatively modest 0.4 percent rise.

For January, the firm said, "food prices should be up more but the rate of increase in other commodities and services is expected to be about the same. "Among factors contributing to the inflation outlook this year: Stepped-up food prices, fueled by supports for dairy products and sugar; increased Social Security and unemployment taxes (employers are expected to pass on part of the gains to consumers) the weakness of the dollar, which adds to the cost of imports." Two colleges combined The College of Liberal Arts and Sciences at the University of Illinois at Ur-bana-Champaign was formed in 1913 by combining two of the university's original colleges dating to 1868. Fine and applied arts The College of Fine and Applied Arts at the University of Illinois at Urbana-Champaign was established in 1931. Choose the rate of interest you would like your money to earn, compare it with what banks pay, and then come to Security. Why settle for less when your account is fully insured.

NY Stock Exchange Issues Consolidated Trading FrdafFeb.24 UP 1021 VOLUME 25.718.000 SHARES' Unchanged 401 ISSUES -TRADED DOWN 405 E. Indei 49.19 0.46 S. P. Corop. 88.49 0.85" Dow Jones Ind.

756.24 5 29 714 (4 YEAR) 7.9 7 (6 YEAR) 8.17 annual 1 yield annual yield SAVINGS South Hamilton Sullivan, III. I ft copies go out" of vour oft'icc Mth vpur If-fc terhcad. lhr hae to make a good firt impression it they don't. ou may not get a second ehaixe 00 any copy you send out has to arrive sharp, drv and unsmearable. That's vhy Toshiba created the BD-601 copier.

Toshiba BD-601 is an economical, compact, precision plain paper copier that delivers clean, sharp, dry impressions with extraordinary consistency. Unlike others its pnee range, th Toshiba uses dry toner No messy liquids. No special'fimsh duplicating paper Toshiba's BD 601 is a true pJarn paper copter Tins means that like other Toshiba copiers, it 11 make completely drf copies of ust about anvthmc on letterhead, colored stot k. graph paper just about any paper in vour other 1 he BD-601 isiat cop in 1 1 second--) and hardv (it fit on a desk). Perfect for a small firm.

Or a larger one readv for a decentralized copying system Business is competitive. And if your correspondence looks better 4 than the Competition, it could be the edge you need. The Toshiba BD-601 Foi 3.130. no other copter copies all its features. TOSHIBA' AN' yr William E.

Parr SAVINGS $1000 $1000 $1000 $1000 INSTITUTION 3 Month lYear 4 Year 6 Year SECURITY Base Rate 5 6 7tt 7: SAVINGS Annual Yield 6 7.08 7.9 1JO0 8AKS Base Rate 5Y 6 7 7y2 Annual Yield" S.67 6.71 7.25 7.9 Jack L. McCoy Power Co. revenue 'Compounded Daily Federal regulation requires substantial interest penalty for early withdrawal. Illinois Power Co. reports that gas and electric revenues reached new highs in 1977.

Electric revenues were up 26.6 percent to $383.57 million in 1977, while gas revenues increased 15.9 percent to $183.82 million last year. Earnings per share of common stock increased 11.2 percent during 1977 to $2.68, enabling the board of directors to increase the quarterly dividend on common stock to 57 cents in December, up from 55 cents. Wendell J. Kelley, chairman and president of the utility which has gas and electric service in 15.000 square miles of Illinois, termed 1977 "a good year for Illinois Power Co." in his letter of transmittal to the stockholders of the company. Sehrt succeeding Boyer at Mississippi Valley Ray A.

Sehrt will succeed J. Parke Boyer when he retires Wednesday as general manager of the Mississippi Valley Structural Steel Division of Debron Corp. Since 1973, Sehrt has been general manager of Debron's Indiana Bridge Division in Muncie, Ind. He joined MVSS at its St. Louis plant in 1956 after graduating from Washington University in St.

Louis. He worked there until 1970 when he was appointed corporate director of production engineering for Debron. Sehrt remained in that post until his switch to the Muncie plant. Sehrt, his wife, Pat, and their two active stocks. Week's children live at 42 Nolen Drive, Decatur.

Boyer joined MVSS in 1946 as a structural engineer. In 1968, he was appointed general manager of the Decatur plant. From 1970 to 1976, he was general manager of Debron's Erection Division in Rockford. He then returned to the Decatur plant as general manager and vice president. Boyer and his wife, Lois, will continue to reside at 344 Hackberry Place, Decatur.

Quarterly earnings down, Firestone says Firestone Tire Rubber Co. recently reported that earnings for the three months ended January 31 declined sharply to $7.4 million or 13 cents a share compared with $23.3 million or 41 cents a share for the same period last year. Foreign exchange losses were $11.9 million compared with exchange gains of $1.5 million in last year's first quarter, a swing of $13.4 million. First quarter sales totaled $1.06 billion, a new high. Last year's total of $978 million was the previous record.

In addition to exchange losses, continued industry overcapacity, modest tire demand and erratic pricing in the North American and European tire markets contributed significantly to the earnings decline, the firm said. Land Bank Association meeting set March 15 The Federal Land Bank Association of Decatur has announced the annual meeting canceled recently because of bad weather, has been rescheduled for 11:30 a.m. March 15 at the Holiday Inn of Decatur. Tom DeLuca, professional hypnotist, will present the program as originally scheduled. SECURITY Two Decatur Locations 243 S.

Water St. 5o0 E. Pershing Rd. Sullivan Savings ft Loan 111 Hi Br. THt GAZEBO ES3C a record Administrator named at Lakeshore Manor Jack L.

McCoy of Forsyth has assumed the position of administrator at Lakeshore Manor nursing home, 1293 S. 34th St. McCoy has a bachelor of science degree in business management from Southern Illinois University and a master of arts degree in human development counseling from Sangamon State University in Springfield. He also has one year of seminary training at Lincoln Christian College in Lincoln. Kraus named fellow with surgeons group Dr.

Robert R. Kraus, of West Ash Avenue, was inducted recently as a fellow of the American Academy of Orthopaedic Surgeons at the group's 45th annual meeting in Dallas. Kraus was one of 503 fellows installed in ceremonies held in the convention center area. Induction of the class of 1978 brought the academy's active membership to 8,286. The academy is the nation's largest medical organization for specialists in bone and joint surgery.

Parr joins city bank as assistant cashier William E. Parr has joined The First National Bank of Decatur as assistant cashier. Parr most recently was president, trust officer and director of Hardware State Bank in Lovington, and an investment consultant at Mount Zion State Bank. He is a graduate of Butler University in Indianapolis. Parr and his family plan to move to Decatur from Loving-ton in the near future.

DA DATr 0 BONDS 8.1 U.S. Gov't. Guaranteed $6000 Minimum 7 FederalTax FREE EDWARD D.JONES Established 1871 Member New York Stock Exchange 345 MILLIKIN NATL BAAKK BLOG. Ph. 423-3456 Decatur.

II. 62523 SEND Name I Address City Weekly stocks in spotlight NEW YORK A P) -Week's twenty most Yearly High Low 5'i 3H Am Motors 45 56e AmTT 35'4 17H Marsh Field 2V2 lO3 Chrysler 323.4 16 SearsRb 30 25 Texaco Inc 13'4 9' Howrd John 55 43 Exxon 574 44' Gen Elec 39V 2234 DowChem 32Ji 23'4 Boeing 73'4 57Vfc Gen Motors 22's 20'B AlgLod pr2.19 36 263i IntTelTel 61 53 Royal Out liv, SavBusM 28AV. 244'j I BM 30Vj Citicorp 76i 43V, East Kodak 51'a 36H OigitalEq Sales High Low Last Chg. 1,164,900 5 4Vi 4V2 .1 1,097,300 60d 58 60 Ve 861,900 29 19 204 Wm 830,500 12 104 10? 1 683,200 25V2 16 667,800 25 25 25 Va .09,500 13'4 12V. 13Va 572,300 45' a 44 45 34 565,600 454 44U 45 547,900 23H 224 23V Vi 529,398 324 7V 32V4 3' 498,300 58 57' 58 1 494,300 22 21 214 490,300 27'.

264 27Vi 476,500 57'- 56 57'. 1U 475,000 21V 19V, 20Vj 2' 2 471,000 257 Vi 253 256H 1 469,500 20 19V, 20 i 463,700 44 43V, 434 438,100 40 39 40' i leaders. Week's Sales High Low Last Chg. 334,400 29 274 28 332.500 23V, 22V, 22', 253,500 3 2V2 3 4 174,000 21 20V, 207, 171,800 2 14 158,500 14 1 14 145,700 2 2 2 127,900 i. S7 4 5 118,800 i 16, 14Vi 16Va IV, 11700 9 9V, 9 Over the counter stocks (The following bid and asked quotations obtained from local securities dealers are representative inter dealer prices as of Friday's close.) Anheuser Busch 18 187 Kennedy Industries 2, 2 3 Franklin Li's Ins.

27 28' Lin Broadcasting 26 27' Debron Corp. 13 14 Millikin Bancshares Inc. 26 BID Progress Industries 3 BID Seven Up 244 25 United Savings Life Ins. Co. 24 3' 4 Wagner Castings Co.

Wk VA Weight Watchers 14 14 NEW YORK Yearly (AP) Week's GET THE TOSHIBA BD-601. IT MAKES DRY COPIES ON JUST ABOUT ANY PAPER. Call Collect (217) 824-4984 Sales and Service by Decatur Residents The Gazebo, 123 W. Main, Taylorville, III. 62558 Please send me more information on the Toshiba BD-601.

Please contact me to set up a demonstration. Name Address High Low 421i 26 HouOilM 23'b 16 Syntex Corp 3 1H Heinicke 21H 9 Resistoflex 3Vi 14 Champ Ho 1V4 Tech Sym 3Va AlldArt Ind 5'i TV CMI Corp E17 9 DenTal Ez 104 74 NoCdn Oils Phone. State Cjtv -I I.