The Akron Beacon Journal from Akron, Ohio • Page 14

B6 Akron Eeacon Journal Monday. October 3. 1983 "aTI hompsonZhev mole announce! ARRIVAL OF THE ALL-NEW BUSINESS TRANS-VAN New orders surge, inventories slip DP3 BBDEF ft A LOT MORE THAN JUST A VANI inri'trr'i I UOANCI S. tfl5rAaam IXCWTKWAl I I tUXURVLIVINO! 4 PRACTICABILITY! I OUTSTANDING TRANS-VAN FEATURES: Automatic Trammittion Ate Conditioning Cruitv Control Cwrvwd chroma bumpw Dtu carpal with pod (Mum kMjnga rhoiri (2) One part of the report, however, pointed to a slowing of the pace of recovery in September. The association's composite index, a measure of new orders, production, employment, vendor performance and inventories, fell to 60.2 percent in September from 63.6 percent the previous month.

The association attributed much of the decline to factors used in making seasonal adjustments to the figures and noted that any reading above 50 percent indicates the economy is expanding. The index is the only seasonally adjusted figure in the monthly report. Inventories decreased in September, with 23 percent of the companies reporting a decline, against 18 percent in August and 22 percent in July. In comparison, 19 percent reported growth of inventories, the same as August and down from 24 percent in July. The slight decline in inventories may reflect the rising orders, the association said.

But it also said it was "an indication that Titt -ng whaal Vanatton bltnd Storoaa comportmanti Tmtad boy window Tintad Uidar window Tintad porthota window AMFM itarao. t(a toil Automatic bavafoga dpenc. Dual bottvry ytarm. enlrd cost Four whaal drv. vatro rot Portobtat toilatt.

antra cot Qtortz fog Itcjht aitro cost 2 -Co Ft 12V ftatfrioarotor, troco Sunroof, front, Mlrocoil Vrcwtor Towing Hitch, atro cotl Ohio Scientific plant in Aurora is closed A microcomputer plant opened by Ohio Scientific Inc. has been closed, idling about 16 employees and stalling hopes that it would become a high-technology center in the region, Crain's Geveland Business said. The firm has marketed microcomputers to small businesses. Irving Kreiner, vice president of Bank America's BA Commercial said the lending firm took possession of the assets Aug. 30 under a security and loan agreement, the weekly business magazine said in its current Lssue.

Ohio Scientific reportedly owes about $4.2 million to various creditors. Kendata Inc. in Trumbull, a retail sales organization for Victor computers, purchased Ohio Scientific earlier this year from MA-4JOM of Burlington, Mass. Kendata officials refused to discuss the plant's situation, Grain's Cleveland Business said. A Swedish firm had been interested in buying into the business, said Dick Hart, assistant corporate counsel at MA-COM.

"I heard the deal fell through a couple weeks ago, but that the parties are still talking," he said. BA Commercial posted a foreclosure notice at the plant, and a moving van took away items last week, Crains said. David Wertman, former employee of Ohio Scientific who now is president of Criterion Technology Inc. in Cleveland, said Ohio Scientific had been a front-runner in the 1970s in the state's high-technology race. Noon Averages 1 Dotua of bad 1 foowi d- an -ptoca irrftulorioat 1 2-cw ft.

tc bo Lorg clotna hanging, or ao 1 Ltghtad bar cobenat 1 Ovarhaad cobtnat 1 Pow tearing and power bra, a 1 Sim vtaw mmofi Stoniaa fttaarf bar link construction vVTHOyiKSONi CHEVROLET 378 1 S. ARLINGTON RO AT 1-77, AKRON 644-007 1 I wutN nr MiriBi mmuth om downiown amon At I 7 AiUNOIOM VO CANTON oo flQOO riFVFIAND47 By Steven P. Rosenfeld Associated Press business writer NEW YORK New orders received by U. S. businesses surged in September, pointing to continued brisk economic expansion, the National Association of Purchasing Management said Sunday.

"The report is consistent with the notion the economy is continuing to boom," said Steven Dob-son, a senior economist at Bank of America in San Francisco. Incoming orders rose in September at 48 percent of the 250 industrial companies surveyed and fell at only 8 percent, according to the monthly survey by the organization of more than 28,000 purchasing executives. Orders were unchanged at the remaining businesses. Only twice before in the past 10 years, in April 1973 and April 1976, has the spread between those companies reporting improved orders and those reporting a decline reached 40 percentage points, the association said. In August, 40 percent of the companies surveyed said orders rose and 8 percent reported a decline.

The survey indicated "production in the month of October is going to be strong," said Charles Haffey, a vice president of Pfizer Inc. and chairman of the group's survey committee. "For the next few months, the economy is going to be robust." John McAuley, an economist at Chemical Bank in New York, said the new-order report was reassuring for the economy and a sign that "whatever slowdown took place in July and August was only temporary." Another sign of a pickup in business last month was a slowdown in deliveries from suppliers. The number of companies reporting a slowdown in vendor deliveries rose to 25 percent from 22 percent in August and 21 percent in July, the association said. It was the highest that figure has been in more than four years.

APARTMENT HUNTING? LET BEACON JOURNAL CLASSIFIED ADS HELP! 1,225 61 95 69 down 7.52 down 0.55 34,530,000 31,370,000 70,860,000 Dow Jonet Induttrialt: NYSE Index: NYSE Voium: Today (noon) Friday (noon) Friday (doting) OHIO SAVINGS FACTS FIGURES purchasing managers are reluctant to add to stocks, even in an improving business climate." Also included in the report: For the fourth consecutive month, more companies reported higher levels of employment than lower. Increasing employment was reported at 22 percent of the companies surveyed, unchanged from August, although those reporting declines edged up to 9 percent from 8 percent in the previous month. Inflationary pressures continued to build. The number of companies reporting higher prices rose to 41 percent from 39 percent in August and 33 percent in July, reaching the highest level since September 1981. But members said that while price increases were more prevalent, they also were relatively 1-YEAR CD Economical cars for 1984 Bast fuel economy performer! In milot per gallon of fuel m.pw PER ANNUM Shareholders approve Alliance bank merger Minimum deposit $500.

Rate guaranteed for the full term. Available for a limited time only. Fully insured by FSLIC. xS CMMgo Trttuna Chul, (aura: Imliwwuwl ProMrtton igmi, OHIO SAVINGS more sophisticated services but continue local control. Meanwhile, Great Northern Savings Co.

in Barberton, said it is selling its Canal Fulton office to First Federal Savings and Loan in Canton. Great Northern president Emil Voelz said the sale is part of his company's effort to concentrate on the Barberton area. Great Northern recently opened a branch in the Highland Square area of West Akron, and relocated and expanded its Wads-worth office. First Federal's acquisition of the Canal Fulton office will result in the closing of its branch at 436 Cherry N. according to president Charles F.

Baylor. That branch has been in operation since 1967. The new office, a half mile away, has better drive-in and parking facilities, Baylor said. Shareholders of the First National City Bank of Alliance have approved merging into the statewide Bank One system of banks in one of two changes that has occurred in the Stark County financial market. In an unrelated move, First Federal Savings and Loan Association in Canton said it is acquiring a Great Northern Savings and Loan branch in Canal Fulton.

First National's merger will result in a change of name to Bank One, Alliance, on Nov. 1, according to Banc One the Columbus-based holding company for the statewide system. First National had assets of $124 million at the end of 1982. The First National acquisition would give Banc One Corp. assets of about $7 billion.

First National president Jack D. Hahn said the merger will allow the bank to begin offering 836-9364 Ra(e compounded semi-annually to yield 10.78. Substantial interest penalty for early withdrawal. 597 BANKS ON PROBLEM LIST: The number of banks experiencing difficulties serious enough to land them on the federal government's problem list has grown to a record 597, according to a spokesman for the Federal Deposit Insurance Corp. At the end of last year the problem list stood at 369.

Alan Whitney, spokesman for the FDIC, said 39 banks have failed this year and that "it appears likely the 1983 rate will surpass the 42 failures recorded in all of 1982. That had been the highest rate since 1940 when 43 bank failures were recorded. The FTIC Insures 14,800 banks. NEW YORK INTEREST RATE WAR: A major interest rate war broke out in New York over the introduction of deregulated certificates of deposit. Chase Manhattan and Citibank, the city's two largest banks, leapfrogged each other's rates.

Earlier last week Chase started advertising a 10 percent rate on its six-month CD. Citibank offered 10 percent. When Chase uped the ante to 11 percent, Citibank matched them. TEE): tI All AT $2495, bout us SOUT FOR IT WAS A BARGAIN. rrSASTEAL Call 379-1990 Children Services Board ol Summit County IT PAYS TO BE A FOSTER PARENT 1'ull-sie terminal.

Reduce Operating Costs Make More Sales Increase Profits Morrow Micro Decision MI)3'M SI) -based computer with No, we're not dumping kids onto society! But we are looking for a few choice homes where we can temporarily place some children into environments that will benefit everyone concerned: like the child who needs the security of a home free of fear or physical abuse; and the foster parents who seek the companionship of a child they have never been able to have or to "replace" those who have long since grown up and left home. ()OK floppy disk storage. Over $2000 worth of software. rW 11 Detached keyboard. It pays to be a Foster Parent MORROW Finance New Growth That's why more than one half of all companies in the U.

S. Your family budget will scarcely reflect the slight difference in the cost of heating your home. clothes and preparing meals for an additional person. But when we agree on your assuming the role of a foster parent, The Children Services Board will reimburse you $6.50 per day, seven days a week for as long as the child remains in your foster parent custody. No, you're not going to get rich on this subsidy UNLESS you count the gleam of contentment in your foster child's eyes when you tuck him or her into bed at night.

That's riches enough for any child. For you, it's the knowledge that you have embraced one of God's special gifts with a sharing, caring heart. And that's riches enough for anyone1 What's the catch? Absolutely none. We've always said you don't have to pay a lot to get a lot of computer. And this Morrow system proves it.

Software galore. Over $L'U(M) worth. Including word processing, a spelling checker, an electronic spreadsheet and a data base manager. 1'lus, the C1VM' 22 Operating System, three different programming languages, and the easy-to-use Qi'KST bookkeeping package. Hardware to match.

Starting with a ZM0 based computer with tS IK of HAM and 7i0K of dual disk storage. Plus a full size terminal and detached keyboard. And if you buy it with this Morrow letter-quality, daisy wheel printer for only $f00. Why wait? Come in and let us give you a complete tlemonstration. At the Morrow MIC5 really is a steal.

Hut passing up a chance to try it is almost a crime. Wi t-M I I 't '1 11'. .1 lit n-n-K li t- Call us Foster parenting could be the turning point in your life. Before your competition does Want to see what's around the corner? Call 379-1990 24 hours a day, 7 days a week or write to the Homefinding Recruiter, Children Services Board, 264 South Arlington Street, Akron.OH 44306-1399. Computer Potentials, Inc.

Systems to help you reach your potential, personally and professionally. Gold Circle Mall Across from Belden Village Akron Call 374-6787; Canton Call 494-8355 Out-of-Town 1-800-647-3282 Open Mon.Jues., Wed. Sat. Thurs. Fri.

1 1:00 A. P. M. YOUR COMPLETE COMPUTER CENTER Barter Exchange 572 W. Market St.

374-11 96 i.