The Salina Journal from Salina, Kansas on November 22, 1981 · Page 10
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The Salina Journal from Salina, Kansas · Page 10

Salina, Kansas
Issue Date:
Sunday, November 22, 1981
Page 10
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Page 10 The Salina Journal — Sunday, November 22,1961 KU economists eye Kansas under Reagan LAWRENCE — Kansas' economic future under the Reagan administration could be affected dramatically in two areas, economists at the University of Kansas predict in the November issue of Kansas Business Review. Economists in KU's Institute for Economic and Business Research say that the state may experience a strong positive impact from the proposed military buildup, but a negative effect from the adminutrations's austere farm bill. John Cita, a research assistant at IEBR, said increased military spending has been shown to have a positive effect on Wichita-area employment in the aircraft industry. Although the institute has not been able to obtain figures that show the percentage of military business within the Wichita aircraft industry, Cita said that "there is a strong correlation between employment and defense spending in the Wichita area that has been proved over a time period dating from the Viet Nam war." If the administration is able to cut farm subsidies, then the Kansas economy will suffer more than most states' economies, the magazine says. Hardest hit will be dairy subsidies. However, because dairying is not a major Kansas industry, that impact will be less seen in Kansas than in oth- er midwestern states. Wheat support levels also are likely to be restricted, but that action's effect will depend on conditions in the wheat market, the magazine says. If, as expected, grain prices continue their current year-long decline into 1982, then the state's wheat farmers will be particularly vulnerable to the impact of lowered supports. In its analysis of the Kansas economy for the first eight months of 1981, the magazine states that Kansas seems to have rebounded from the recession of 1980, but the comeback is not quite complete. The jobless figures Initial claims for unemployment dropped significantly during the spring and early summer of 1981 compared with the same period in 1980. Unemployment statewide during the spring and summer of 1981 averaged 3.5 percent, about a percentage piont less than the previous year. And there was a growth in non-agricultural wage and salary employment over 1980 and 1979, considered the best year in Kansas history. Still, Kansas unemployment is running about .5 percent above the 1979 level of 3 percent, and the average weekly manufacturing wage is only about 8.5 percent higher than a year ago, slightly less than the inflation rate. Kansas employment experienced Names in business news- James B. Keena James Bradley Keena, 2130 E. Crawford, is the new manager of the Salina offices of Mid Continent Investment Co., United Building, an investment firm primarily dealing in oil and gas development. For Keena, 26, the move is a retun to his birthplace — Salina. He grew up in Alabama, California, Portugal and Missouri and conies here from Washington, D.C., where he was a public affairs officer for the Federal Emergency Management Agency of the federal government. After graduation from the University of Georgia in 1977, he worked as news director for Georgia radio stations and was a news anchorman for the Georgia Network. * -tt * Anita Alton, 1700 Pershing, has been named regional sales manager for Prestige Coffee Systems. The promotion came at a sales meeting in Wichita, the home of the parent company, Coffee Time. Alton has been with the firm for nine years. Fifteen state representatives attended the meeting at the Broadview Hotel. i* -fr -fr Juon P. Gtbbena, Marshalltown, la., has been transferred to Salina to be manager of Household Finance Corporation's Salina office at 2520 S. 9th. Gibbens, a native of Andrews, Tex., had been assistant manager at Marshalltown. dr t!r if MM* Redding, Salina Rt. 6, president of Midwestern Farm Implement, Inc., 614 E. Pacific, attended the three-day Gehl Co., national dealer convention in Nashville, Term. The convention participants viewed new products and heard business presentations. Gehl Co., West Bend, Wis., manufactures a line of forage harvesting, haymaking, materials handling and feedmaking equipment. •fr -tr -fr Eldoa W. VuiMeter, 2218 Edward, a Salina representative for Mutual of Omaha and United of Omaha, attended the companies' Field Management Institute at the home office in Omaha, Neb. To qualify for the Institute, a representative must have completed the firm's basic training schools and achieved a level of sales production. VanMeter is associated with the Tim Connor Division Office in Salina. Lee Company record lauded The Lee Company has been rewarded by the Heil-Quaker Corporation for achieving the highest market share of Cooling on Heil products in 1981. Bill Roberts, Lee's vice president in charge of sales, accepted the award at a meeting of the Heil Advisory Board in Nashville, Term. Frontier cargo total is higher DENVER — Frontier Airlines carried 5,420,000 ton-miles of cargo (one ton carried one mile) in the third quarter of 1981, an 8.5 percent increase over the 4,997,000 ton-miles flown in the same period a year ago. In the first nine months of the year, Frontier carried 16,523,000 ton-miles of cargo — up 11.7 percent over the 14,791,000 ton-miles recorded in the comparable months of 1980. Cargo shipments include freight, mail and express carried on Frontier's routes between 86 airports in 27 states, Canada and Mexico. Lee Rutz Floor covering firm opens here Mr. and Mrs. Lee Rutz will open the doors Sunday to L & C Floor Covering, Broadway and Hageman. The new business specializes in carpet and vinyl remnants. It is located in the building formerly occupied by MAC Communications. Rutz became a Salina resident in 1959 when he opened the Duckwalla Store in Sunset Plaza. He left Salina to manage Gibson Department Stores, returning here in 1972. He has had seven years experience in the floor covering business. The new store will be open from 9 a.m. to 6 p.m. weekdays and from 1 to 5 p.m. Sundays. Stock market report on Page 7 Pipe And Duct Insulating New Flexible Duct For Old Or New Homes YOUR UNINSULATED PLUMBING AND DUCTWORK IS COSTING YOU MONEY... CALL DAN MAGATHAN FOR FREE ESTIMATES Itoctanlcil Systems Call 827-9603 21 IE. Walnut Salina, K8 67401 Business The Salina Journal ue to drop In the near future, because of plentiful supply and a relatively slow export market. Livestock prices have been inconsistent, and future trends are uncertain, the magazine reported. Beef prices were down through the summer, while hog and sheep prices rose. Farmers also paid slightly less for their feed grains in recent months. slight gains across the board in all categories except contract contraction for the first eight months of 1981 compared with the same period a year ago. Contract construction employment dipped 10.4 percent for the year and was 17.1 percent less than in 1979. There was a significant and steady increase in Kansas mining employment, especially in the area of oil and gas extraction, with mining employment up 8.9 percent for the year. Oil and gas employment, as a subcategory, was up 12 percent for the year. There was a steady decline throughout the spring and early summer in federal government employment largely due to the Reagan administration budget cuts, the magazine reported. Employment stayed even or increased in all geographical areas of • the state, except for afew isolated incidences caused by locally specific conditions. Montgomery County experienced a remarkable recovery of 2 percent in employment from last year's slump, the magazine reported. Retail sales held up well both nationally and in Kansas. In Kansas overall through July they were about 13 percent above the previous year, a 3 percent real growth rate with inflation discounted. However, the state's four leading trade centers showed more moderate gains in retail sales, with Johnson County up 10.6 percent; Wyandotte County up 5.1 percent; Shawnee County up 3.5 percent and Sedgwick County up 10.5 percent. Prices for grains reached their peak in the fall and winter of 1980 and 1981, the magazine reported. Wheat, sorghum and soybean prices peaked in October 1980 and then fell 13.1 percent, 10.1 percent and 15.5 percent respectively by July 1981. Corn prices dropped 3.2 percent from December 1980 to July 1981, and hay prices have dropped 18.1 percent since March. Grain prices are expected to contin- THE SPINAL COLUMN From Hancock Chiropractic Clinic LOW BACK PAIN There are scores of people who put up with a constant nagging low backache believing they have to "learn to live with it . A careful chiropractic examination and x-ray study will show the cause of pain. In many cases the problem exists in the lower three lumbar vertebra or the sacro-iliac joints in the lower spine. These misalignments may cause excessive stress on the nerves in the low back. The first three vertebra in the low back supply much of the nerve function to muscles in the low back. In addition, this area is related to the parasympathetic nerves which control in part the function of the lower colon, rectum, kidneys, bladder and sexual organs. Pressure on these nerves may also cause leg pain which will radiate down the back of the leg. (SCIATICA). If you have these or similar problems and feel you'll "have to learn to live with it", it may be the underlying cause has not been identified. It only takes a short time to find out and it may be your first step to feeling well again. If we don't feel we can help, we will tell you. For Further Information Call Hancock Chiropractic Clinic 1081 South Ohio, Salina, KB. Dr. Rod L. Hancock Dr. Troy A. Barnt 827-0354 8Z7-3408 Hours: Monday-Friday 8:00 to 5:30, Saturday 8:00 to 12:00 Capitol Federal's Checking Plus Interest account can make your bill paying easy... plus you earn interest. Imagine paying most of your bills with just one or two phone calls.. .you can at Capitol Federal. Just tell us who to pay, how much and when. We'll do all the rest. Each month, all of your P.S.* payments will be listed on your statement of account from Capitol Federal showing the payee's name, the date and amount paid! As an additional service - at no extra cost to you - we provide an annual summary of all your P.S.* payments, listing the number and total amount of payments to each payee, which is a great help at tax time. Besides being convenient, phoning checks on a touch-tone phone can cost you less than the price of a stamp. (Rotary dial payments are accepted at a slightly higher price.) If you have a Checking Plus Interest account with us and keep an average daily balance of $300 - there is no monthly service charge. If you are age 65 or over, the minimum balance for a free account is only $10. Whether you write a check from a Capitol Federal checking account or phone a check using our Bill Payment Service, you still get 5 1 /4% interest compounded daily. Why not sign up at your nearest Capitol Federal office? 13.950% Compounded Daily • 2 1 / 2 Year Money Market Certificate $1,000 minimum deposit Rate effective Nov. 10 through Nov. 23 Federal Regulations Require a Substantial Penalty for Early Withdrawals of Certificates. = 14.967% Effective Annual Yield K*nMf Largest Financial Institution Capttol 2550 SOUJH 9TH STREET Phone 825-7121 Salina Safe Deposit Boxes

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