Logansport Pharos-Tribune from Logansport, Indiana on March 16, 1988 · Page 15
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Logansport Pharos-Tribune from Logansport, Indiana · Page 15

Logansport, Indiana
Issue Date:
Wednesday, March 16, 1988
Page 15
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Pharos-Tribune, Logansport, Indiana, Wednesday, March 16, 1988 Page 15 Business Dow Jones average 30 industrials; daily close; H^Holiday The Week's Worth 2100 2050 2000 1950 1900 1350 1800 Bond Buyer index 20 municipal bonds; Friday close _ Money supply [M1] In billions of dollars; Monday close $770 Commodity futures index 21 key commodities; Friday close /hs 760 750 740 730 240 230 220 210 175029 5 12 19 2S 4 11 18 25 Jan. Feb. Mar. Chicago Tribune cha/ls 6.5 6 15 2229 5 1219 26 4 11 1825 Jan. • Feb. Mar. Source: Bond Buyer 720 4 11 18 25 1 8 15 2229 7 14 Jan. Feb. Mar. Source: Federal Reserve 200815222951219264 111825 Jan. Feb, Mar. Source: Commodity Resource Bureau Business Briefs Ralph and Judy Clark Babe's Pizza Has New Owners BABE'S PIZZA & LOUNGE, 1645 Erie Ave., is operating under new ownership. The business has been purchased by Ralph and Judy Clark, 1545 Erie Ave., and family members Michael and Teresa Clark, Lisa Clark and Teresa Jo Ann Clark. The Clarks have re-opened the firm's family room and will be observing a grand opening today through Friday. Regular business hours will be 4 p.m. to 1 a.m. Tuesday through Thursday, 4 p.m. to 3 a.m. Friday and Saturday. The family room will be open from 4 to 9 p.m. on Sunday. The grand opening observance will include prizes for children, a drawing for certificates for food items, and a St. Patrick's Day party Thursday featuring free cake. The business will soon be offering noon specials, according to Judy Clark. Former Resident On Television Monday Former Logansport resident Kimberly S. Hunter, Indianapolis, will appear on the A.M. Indiana "Track 13" television show Monday, March 21. The program, broadcast at 10 a.m. on Channel 13 live from Union Station, is hosted by Dick Wolfsie. Hunter, daughter of Roger and Cathy Barr, 800 Davis Road, will be part of a panel of three residential designers discussing why people need to hire a designer. A1982 graduate of Logansport High School, Hunter graduated from Purdue University in 1986 with a bachelor's of science degree in environmental design. She is employed by The Rowland Associates, a commercial and residential design firm in Indianapolis. The firm has done work at Union Station, the Columbia Club, Eli Lilly and designed houses'all over the world. Hunter worked on a suite at the Hoosier Dome. Work By Local Artist To Be Displayed Logansport resident Cecilia Slusser is one of 14 artists contributing miniature original art in a gallery showing March 19 through April 2 at Renditions Gallery, Indianapolis. An opening reception for the artists will be held from 1 to 4 p.m. Saturday, March 19. Renditions Gallery is located in The Fashion Mall, 8702 Keystone Crossing, Indianapolis. Yantis Implement Receives Sales Award The Bush Hog President's Club plaque was recently presented to Ben Yantis, owner and president of YANTIS IMPLEMENT, CO., Ind. 25 North, for outstanding sales and service during 1987. Yantis Implement has the third highest sales in Indiana for the firm. Bush Hog Implement is a division of Allied Products Corporation, Selma, Ala. The firm specializes in rotary mowers for farm use. Steve Summers/Pharos-Tribune Interior of window and wallcoverings service Grand Opening Scheduled At Merry Windows & Walls The Merry Windows & Walls, U.S. 35 North in the Royal Logan Shopping Center, will celebrate its grand opening Saturday and Sunday. The open house will be held from 9 a.m. to 4 p.m. Saturday and 1 to 4 p.m. Sunday. The firm's regular business hours are from 9 a.m. to 5 p.m. Monday through Friday and 9 a.m. to 2 p.m. on Saturday. McWherter Baker The business is owned by Delia McWherter, Rt. 1, Royal Center, and Virginia Baker, Rt. 4, Logansport. , Both have been employed in the drapery business for many years. McWherter operated Delia's Draperies in Royal Center from her home 13 years and made draperies for Miller's in Winamac 10 years. Baker operated Country Charm Draperies from her home 10 years and made draperies for the Golden Rule for 10 years. A drapery and wallpaper store, The Merry Windows & Walls offers custom drapery and window treatments; bedspreads, tablecloths and pillows to match or coordinate. The firm stocks vertical and pleated shades by HunterDouglas, seamless fabrics and laces by ADO, and rods and accessories by Graber and Kirsch. , Visitors to the grand opening will receive a free thimble and may participate in a drawing for toss pillows. The firm offers free estimates and will bring fabric samples to the home. A Healthy Investment Rockwell, Kent encourage employee fitness ByMARGOMAROCCO Business Editor Rockwell International Springs & Stampings Business, 500 E. Ottawa St., is footing the biggest part of the bill for an employee wellness program. The company has contracted with Memorial Hospital to present a Stay Alive and Well program on a volunteer basis to interested employees. Rockwell is paying 100 percent of the first three parts of the four-part program, and splitting the costs of the fourth part, according to Joe Magdy, industrial relations manager at Rockwell, A total of 112 of Rockwell's 210 employees are taking part in the program. Although Rockwell was the first company in Cass County to sign up for the Stay Alive and Well plan offered through Memorial Hospital's Wellness Program, an estimated 26 employees at Kent Feeds, Inc., U.S. 35 East, are also participating now. The four-step program involves (1) a voluntary health survey pertaining to current health status, (2) mini exams checking height, weight, blood pressure, cholesterol levels and body fat; and (3) exit interviews, when the results of the personal health survey and mini-exam are discussed with the individual employee and recommendations are made based on those results. All medical information remains strictly confidential. Cindy Mills/Pharos-Tribuiie Health Assessment Rockwell employee Nikki Price looks away as Deb Jones, Memorial Hospital lab technician, draws blood as port of the Stay Alive and Well mini exams held at Rockwell Tuesday afternoon. Step lour, called intervention, involves workshops and classes in ongoing fitness at the Cass County Y; nutrition and weight reduction at Memorial Hospital; smoking cessation and stress management at Four County Counseling Center. The cost of these classes varies from $15 to $30 and Rockwill will pay one half of the cost upon completion. Rockwell employees are not docked pay, but given time off the job to participate in the program, Magdy said. "We believe there will be many rewards both for the company and for the employees," Magdy said. "A healthy employee is a better and more dependable employee. There are also many benefits in paying for health and wellness programs instead of paying for illness recovery. We must place more emphasis on preventive care which will insure a healthier, happier workforce." Housing Starts Soar In February WASHINGTON (AP) - Housing construction posted the biggest increase in more than a year as new projects climbed by 8.9 percent in February, the government reported today. The Commerce Department said the increase last month pushed construction activity to a seasonally adjusted annual rate of 1.49 million units. The increase followed declines of 1.9 percent in January and 15.8 percent in December. Those back-to-back monthly declines, which left housing starts at their slowest pace since the end of the last recession, had raised fears of a possible new economic downturn in the wake of the record collapse of the stock market in October. Pessimists noted that housing is often the first sector to turn down at the onset of a new recession. However, the big jump in housing activity in February, which was much stronger than expected, was likely to ease worries about a possible recession this year, especially since other business barometers including employment gains, have shown strength since the Oct. 19 stock market collapse. Lilly Rejects Trust Fund For Oraflex Users INDIANAPOLIS (AP) -- Eli Lilly & Co. has rejected a demand by British lawmakers that the pharmaceutical giant set up a trust fund for victims of a discontinued anti-arthritis medication. The demand rejected Tuesday was made Monday by 100 British lawmakers who signed a letter to Richard D. Wood, Lilly chairman and chief executive officer. Hundreds of former users of the anti-arthritis drug Oraflex, sold in Britain under the name Opren, sued Lilly in the mid- 1980s, claiming that the drug caused severe side effects, including liver and kidney disorders. The drug also was Jinked to several deaths. State's Population Growth Will Be Slow INDIANAPOLIS (AP) - Indiana's population growth is slowing and will increase only 233,000 by 2020, according to a survey. Jerome N. McKibben Jr. of the Business Research Center at the Indiana University business school said the state's growth the next 40 years will be only three-quarters of what it experienced the past 10 years. The increase will represent only 4.2 percent of the population from 1980 to 2020, while the decade of the 70's saw an increase of 298,000 people, or 5.7 percent, according to the survey by the State Board of Health and the IU business school. "We will have a potential growth of 700,000 persons, but with more people moving out of state than moving in, our total growth of 233,000 will be just one-third of that which would occur by natural increase alone," said Morton J. Marcus, director of the IU research center. He said the median age is expected to rise from 29.2 years in 1980 to 35.5 in 2000. By the year 2020, the median age could climb to 39.6, he added. Dr. Woodrow A. Myers Jr., state health commissioner, said the study's figures will be the basis for planning in health programs plus "all types of business and government investment for our state." The projections are based on the birth, death and migration in each of the state's 92 counties over the past decade. The pro- jections will be released in meetings in Gary and South Bend Monday, Fort Wayne Tuesday and Evansville and New Albany March 28. "They are the baseline against which economic development efforts can be measured," Marcus said. "These projections do not attempt to forecast or anticipate the many activities of communities to avert population losses or accelerate population gains." The greatest gain in population will be in Marion County, where the natural inncrease of population - the difference between births and deaths — from 1980 to 2020 will be 105,000 persons, offset by a net out-migration of 43,000, "leaving a total gain of Happy Birthday Ivy Tech Dr. Daniel J. Mordenti (L) director of Ivy Tech's Logansport campus, cuts cake at the college's celebration of its 25th anniversary Tuesday. Attending the open house and cake-cutting ( 'indy Mills/Ph;in>s-Tribune ceremony were (L-R) Don Heckard, chairman of Ivy Tech's state board of trustees; State Sen. Bill Justice, Joe Reed, chairman of Region 5 board of trustees, and State Rep. Tom Weatherwox. 62,000 people, the researchers said. The biggest decline will be in Lake County, where net out- migration of 116,000 will more than overcome a natural increase of 47,000, resulting in a loss of population of 69,000 people. McKibben said 36 percent of the net out-migration from the state already has occurred. The researchers say almost 3 million births will occur beteween 1980 and 2020. along with 2,3 million deaths, McKibben predicted the counties showing the greatest increase will be Hamilton, Lagrange and Warrick. The percentage loss leaders will be Warren, Henry and Jay. Indianapolis Flour Mill To Be Auctioned INDIANAPOLIS (AP) — Bidding at next week's auction for the financially troubled Acme Evans Co. flour mill in Indianapolis will begin at $9 million, records show. Acme-Evans has continued to produce the K-/-Bake flour it markets in the 200-mile radius of Indianapolis since filing Chapter 11 bankruptcy two years ago. The mill is on land the White- River Slate Park Commission plans to buy on the east side of the park. The state intends to negotiate a purchase of the mill with the eventual buyer, who would then relocate the mill in the state to preserve 85 Indiana jobs, according to the purchase plan. Attorneys for the creditors committee will conduct the auction March 24 in the Indianapolis; courtroom of Judge Richard W. Vandivier. Two of the bidders are known to be SMHCO Inc. of Indianapolis, which had earlier offered $9 million for the mill, and the French-owned Somdiaa America Corp., which offered $8.7.

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