The Salina Journal from Salina, Kansas on October 6, 1996 · Page 20
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The Salina Journal from Salina, Kansas · Page 20

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Salina, Kansas
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Sunday, October 6, 1996
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Page 20
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C2 SUNDAY. OCTOBER 6, 1996 MONEY THE SALINA JOURNAL RV / Analysts expect factory success Company's fortunes have big effect on fate of small Kansas town X. FROM PAGE C1 People in the RV business expect Perlot's attempt to bring back the El Dorado to be a success. Sherman Goldenberg, editor- in-chief of RV Business magazine, an Indiana-based trade publication, said he'd put his money on SMC. , "It's a very successful company that is up and coming," Goldenberg said. "Perlot has a golden touch for this business and will probably work miracles at his new plant." The market for medium-priced motor homes such as the El Dorado is growing as more people seek greater freedom in their vacationing, said Terry Brown, a sales sec- Jretary at Four Seasons RV Acres in Abilene. The traditional motor home owners used to be retired couples in their 60s, but now baby boomers, still in their 40s and 50s, ^are joining the RV crowd, Brown said. "The market hasn't seen a steep increase in sales," Goldenberg said "But the sales curve is slowly tilting upward." The success of SMC's El Dorado and Safari lines could have a big effect on Minneapolis, a city of T MILK PRICES •Personal and Business Financial Planning •Investments •Insurance FINANCIAL ADVISORS Robert L. Meyer, CFP Certified Financial Planner American Express Financial Advisors Inc. 1015 Elmhurst • P.O. Box 2447 • Salina, Ks. 67402-2447 913-827-8766 1-800-829-3649 , DAVIS TURNER / The Salina Journal As recreational vehicles move down the assembly line at the SMC Midwest plant in Minneapolis, Dianna Green works to clean the vehicles Inside and out, In the final stages of completion. INTEREST RATES 1. TAX-FREE MUNICIPAL BONDS** M-IN\^IME^^ 1 G BONDS 7^5% 3. U.S. GOVERNMENT GUARANTEED about 2,000 residents about 20 miles northwest of Salina. John Johnson, director of Minneapolis Economic Development Department, said that as the city's largest employer, SMC has the ability to attract more people to town. "I really, really hope that they will do well for the sake of our city," said Johnson. He added that the town experienced a migration of workers to Salina as El Dorado Motor Corp. ran into financial troubles in the mid- 80s. Nancy Wedel, president of the Minneapolis Chamber of Commerce, said the local economy will benefit from SMC's high wages, which average between $7 and $8 an hour. Wages average $9.25 an hour at the company's Oregon plants. "People around here are excited about the way that SMC is running this plant," she said. "There have been a lot of tough times in the past. I hope this can turn things around." Increasing milk prices can be blamed on shrunken '95 crops Jean Curry 2737 Belmont 823-5129 We'll always be there for you. Shelter Insurance cos., Home Office: Columbia, MO But good fajl crops could make it cheaper •to .feed cows, buy milk By ALF ABUHAJLEH The Salina Journal Rising crop prices have pushed the price of milk to a record high, pleasing dairy farmers but digging into customers' wallets. Jim Williamson, market administrator of the U.S. Department of Agriculture dairy division in Kansas City, Kan., said Kansas and Missouri dairy farmers received $1.51 a gallon in September. That's a 3 percent increase compared to $1.46 a gallon in August, and a 28 percent hike from $1.18 a gallon in September 1995. Prices in Kansas stores also have jumped and average $2.69 a gallon for whole milk and $2.60 a gallon for 2 percent milk, Williamson said. A year ago, the same milk sold for $2.44 and $2.35. In Salina, milk prices at Dillon stores, Food For Less, Kwik Shop and Braum's Ice Cream & Dairy Stores range from $2.71 to $2.93 for whole milk and between $2.69 and $2.93 for 2 percent milk. "This is as high a milk price as jye have ever seen," said ^-Williamson. "Milk is still in de- Smand, and we might not have seen !the price peak yet. The market is driving the price right now." ; Milk prices started to go up in July 1995, when a nationwide drought lowered the yield of corn and soybean crops. The two products make up most of the dry concentrate mix that dairy cows are fed. Feed prices rose to $10.80 per 100 pounds of dry concentrate in July, up 56 percent from $6.90 in July 1995. Melvine Brose, dairy commissioner of the Kansas Department of Agriculture in Topeka, said high feed prices, which constitute half of a dairy farm's expenditures, caused milk production to drop as farmers couldn't afford to feed their cows enough. Since August 1995, milk production has dropped about 1 percent nationwide. In Kansas, production has fallen 8 percent in the past 4 months, said David Jones, chief operating officer of Mid- America Dairymen, a Springfield, Mo.-based cooperative that buys milk from about 400 Kansas dairy farmers and distributes it to processing plants. "The improved quality of feed and better genetics among the dairy cows have increased the production-per-cow ratio over the past couple of years," Jones said. "This is the first time in years that we have seen the production per cow drop." Dale Senestraro, a dairy farmer in Hamilton County in southwest Kansas, who owns 2,000 cows, said each cow eats about 50 pounds of dry concentrate a day. "The cost of feed is in direct cor- relation with dairy farmers' profits," Senestraro. "The only way dairy farmers could make money was if the price of milk started to go up." Indeed, the short supply of milk did push prices to an all-time high last month as demand has remained steady. The question is: will feed prices remain high? Commodity traders don't seem to think so. Prices of corn contracts to be delivered in December, considered the best indicator of crop conditions in the Midwest, are at their lowest since March, indicating a good fall crop. "It's too early to say how the fall crop will turn out, but it seems OK," Jones said. "Prices will probably come down at the beginning of next year." CHAMPION SEMINARS "Follow The Line Of Most Persistence" "Make A Huge Difference" Phil Coleman - 25 years experience Management & Employee Seminars Consulting, Sales Training, Speeches, Motivational Programs P.O. Box 6172 Salina, KS 67401-0172 (913) 825-4161 BUILDING PERMITS These are the permits issued recently by the Salina Permits and Inspection Department and the Saline County Planning and Zoning Department. SALINA Residential miscellaneous — 2168 Sherwood, Steve Knedlik, above ground pool, $2,537. ;' 611 E. Iron, Ronald Barta, canopy, $844. 2249 Roach, Randy and Dolores "Barhett, patio, $760. 2523 Robin, Ronald Blase, remove interior walls, $300. 205 Wail, Charles Scott, rebuild corner of building, $5,000. SALINE COUNTY Residential miscellaneous — 5432 S. Centennial, Allen Nichelson, addition to shed, $500.' Garage — 2420 S. Lightville, Neil Schneider, garage and attached shed, $5,000. Single-family homes — 2681 W. State, Ed Deatherage, $80,000. DRIP HOME A BARGAIN. If you insure your residence with American Family, you may be able to save 20% on specific auto coverages. Call today to lee if you qualify. Norm Pihl 1400-B S. Santa Fe 30 years if service to Salina Community 827-0447 FAMILY AUTO HOME BUSINESS HEALTH LIFE® ATTENTION BUSINESSES: FREE IN TOWN DELIVERY & PICKUP A-V Rental Equipment • Overhead Projectors • Screens • Slide Projectors • Presentation Easels ALSO REPAIR: • Laminators • Tape Recorders • Record Players • Projectors etc... 20 yrs. of service experience We Sell Projection Lamps SUPERIOR SCHOOL & OFFICE A Diviilun of Superior School Supplif s. Inc. 214 S. SANTA FE.- SALINA, KS 67401 913-825-1641 SATELLITE BROADCAST J.M. Juran on Quality: Yesterday, Today & Tomorrow "The man who taught Japan how to manage for quality." -Business Week Thursday, Oct. 10,11:30 am - 2:30 pm KSU-Saliiia College of Technology Don't miss this unique opportunity to learn techniques to boost your bottom line. Registration Fee $50 To reserve a seat call 826-2633 C)PBS KANSAS SX/UTE UNIVERSITY - 8ALINA *fwmm OFFICE OF CONTINUING EDUCATION Kennedy and Coe, LLC Don't Retire Broke! It is a fair bet that your social security and/or your company retirement plan will not be adequate to carry you through your retirement years. Tom Peebles Everyone should make provision for additional savings and an investment program with a proper growth factor. It's essential that you develop an investment plan with a rate of return (cash return and/or appreciation) greater than the current inflation rate. How much money do you need to retire, and how do you plan to accumulate it? Call us. We can help you plan for the future. KENNEDY •** COE, LLC jAccountunts And. 11 9 W. Iron - United Building • Salina, KS 67401 • (91 3) 825-1 561 BONDS Rales Effective as of 9-30-96 * Kate expressed as a yield to maturity ** May be subject to alternative minimum tax. Jack Schwartz Retirement Planning 111 8.5th 913-823-3035 1-800-823-3034 UNSCXVPRIVATE LEDGER MEMBER NASD and SIPC You make promises. Well help you keep them. ans -promise is a promise. And a Capitol Federal Home Equity Loan is the perfect way to deliver. Use it for almost anything. You'll get a great rate, one easy payment, and it's usually tax deductible. Promise you'll call about a Capitol Federal Home Equity Loan today. No Closing Costs 913-825-7121 Capitol Federal Savings True Blue"'for over 100 years www.capfed.com MEMBER FDIC EQUAL HOUSING LENDER I "No dosing costs tin Kxmiliiu; Home Equity Loans. Certain restrictions apply, visit with a customer sen-ice representative lor details. All loans.subject to credit approval. Consult tax advisor on deducibility u( interest. No points, application (ees or document preparation fees. *• Salina Journal We Deliver News You Can Us£

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