The Herald from Crystal Lake, Illinois • Page 9

3 CO Oj yC ifP it- JW Earnings, sales set new mark June 5, 1979 Sun Electric today reported record sales and earnings for the second quarter of fiscal 1979, ended April 30. Sales of $41,825,895 were up 25 percent over the same period a year ago, and earnings increased 8 percent to $2,513,453, according to Louis G. Langpop, chairman. Earnings per share of common stock for the second quarter were 52 cents, compared with 48 First for Fashion, Elgin-Crystal take P1 htl'9 horn. In Ridgewood Station w5stock- -bo8.

president of Woodstock Horn Builders, claims to be the first to provM such an option. Solar water heating offered cents in the second quarter of 1978. With this quarter Sun Electric has achieved record earnings in 29 of the past 31 quarters. Computer A Bob Labu president of Woodstock Home Builders, says he is the first in McHenry County to provide solar water heating as an option. La bus said he believes so strongly in the system that he intends to include it as part of the sales price to the first 20 persons to purchase a home this month in his Ridgewood Station subdivision in Woodstock.

"I think solar water heating is the future thing everywhere for conserving energy," be says. "Including the system in Ridgewood Station in the construction stage saves the cost of later finding a plumber and electrician to install it. I also believe it is a feature that will add substantially to the resale value of a home." The system used at Ridgewood Statioa has two major parts: the solar collector panels and the hot water storage tank. Energy from tie sun is absorbed by the panels and is transferred to a fluid that is pumped to and from the storage tank. The fluid heats the water in the tank.

Whoi the sun is covered by dense clouds, a standby electric heating element heats the water. Solar systems may be included in both the first and second phase homes of the subdivision which will include 260 single-family homes. Labus said the delivery date on homes constructed in the newly started second phase will be about 120 days after pouring of foundations. There are four models named for nearby villages in Ridgewood Station the Harvard, a bi-level with 1,700 square feet of living space, priced at the Hebron, a raised ranch with 1,860 square feet for the Marengo, a two-story with 1,900 square feet priced at and the Huntley, a ranch with 1,355 square feet, which costs $75,900 without a basement or $79,900 with basement. Available soon will be a two-story colonial model, the Woodstock, with 2,250 square feet and priced at $94,900.

Crystal Lake residents who want to see the solar heating models can go west on U.S. 14 bypass to Dean Street, then north on Dean to the subdivision. Models are open from 10 a.m.-5 p.m., Monday through Friday, and 11 a.m.-6 p.m. on Saturday and Sunday. TI I seminar to be held A small computer seminar will be held on Thursday, June 14, at the John Evans Inn, starting at noon.

Judy Stanfield, marketing representative for IBM, will discuss usage for small businesses, cost justification, maintenance and the pros and cons of buying a computer through a service bureau. Reservations can be made by calling the Crystal Lake Chamber of Commerce, 459-1300. Three get charters Domestic corporation charters were issued today by DSiasQim3S. Interest raised on IRA savings persons who are not currently participating in a tax-qualified pension or profit sharing program to establish and maintain their own personal The First National Bade of Woodstock has raised to percent the annial interest paid on its Individual Retirement Acccunts. President M.

R. Collfer said today that the bank's board of directors 'oted the increase to take effect May 1 on all existug and new accounts of this type. "The 8 percent fite, compounded daily, produces the maximurr yield permitted banks and savings and loan assocltlons by law," Collier said. Established by tnefederal government in 1974, Individual Retiremat Accounts (IRA) enable Illinois Secretary of State Alan J. Dixon to two Crystal Lake companies and one in Fox River Grove.

They are: retirement fund. Collier said that through the IRA program, qualified individuals can deposit up to 15 percent of their annual income or $1,500, whichever is less, Into a retirement savings account. These deposits may be deducted from gross income for federal income tax purposes. Interest on retirement savings Is opt subject to federal Income taxes during the IRA sayings years. Gwenlee Prooerties 493 Coventry Oak, WSNS agree on subscription TV ureen.

Innova 657 Exmoor Court. Clabunt Distributors 410 W. Northwest Highway, Fox River Grove. Subject to agreement on specific terms, if Video 44 receives the FCC grant it will use Oak addressable decoders similar to those used by National Subscription Television in Los Angeles. Video 44 also would utilize the engineering services, computer software and business orientation and training services provided by Oak Systems the unit which licenses Oak's STV technology.

Oak would not have ownership participation in the Video 44 STV operation. Announcement of the agreement was made by John P. Gwin, president of Oak Communications, and Burt I. Harris, president of Harriscope. Oak Communicaions Inc.

and Video 44, owner of Chicago television WSNS, Channel 44, today announced they Jiave reached agreement in principle on proposed over-the-air subscription television service.STV in Chicago. Under terms If the agreement Video 44 in its pending application to the Federal Communications Commission will designate Oak equipment and Uchnology to provide the service. Oak Communications Inc. is a subsidiary of Oak Industries Inc Video 44 Is a joint venture of Harriscope of Chicago and corporations controlled by Alan Silverman, Chicago theater owner and film producer. THE DAILY CRYSTAL LAKE HERALD 7M3rYOTTMMD chystm.

mu, minors HAS A FINE SELECTION OF WEDDING INVITATIONS AND ACCESSORIES (BT ORDER) from Kslp Dad enjoy ulft BRASILIA IE the great esters! JJPSp 1 CASUAL FURNITURE BYTROPITONE rt tl- tm mmm tar tarn mi wit heap asere PcJ cmm. mom wm am i DM tea tfct tfcktaMS ir mwwrtiiinl immI pmt Ttbh tats we too of mmmmi tta. wk mm 1mm tkt mnct shaft. Com h. Sw fcr Picture perfect! Summer coolers by Caron and J.T.

of California. (Left) Let the cameras click, you'll end the day as fresh and cool as you started in this crispy seersucker J.T. dress. Navy and white stripe with five button placket lined in red. Self belt.

Easy care. 6-14. 32.00. (Right) Framed for the sun! Caron offers this show-off sun dress in beautiful khaki chlno cloth. Button front with slim self-belt.

Easy care polycotton. Sizes 4-14. 40.00. In our Better Dresses, Elgin and Crystal Lake. Mnrif RM StrilMf CtSmi fWWtlW BDMfNBf CM 48" TABLE WITH CHAIRS REGULAR $838 HAT.OCKS (Not exactly as pictured) White Rone Hammock.

'29J95 Colored Stripes Rope Hammock We welcome your Spless credit card. Visa, or Master Charge. Free Parking: Upper Deck Elgin Plaza (with validated ticket) and Crystal Point Mall. Call Jane Page, personal shopper, at Igln 741-4300 and Crystal Lake 455-3600. VtSAr 4-6X3 Rt 14 176.

Crystal Lake, III. 1.