The Journal Times from Racine, Wisconsin • 16

01 T1 the Journal Time, Monday, Nov. 17, 1980 -m twtp- NOW terms 4 Briefly i vary with banks I Trane reacts to suits Trane La Crosse, said tt does not expect any large financial liabialltles from consumer fraud lawsuits that have been filed against it in California. The air-conditioning maker confirmed that an undetermined number of suits have been filed against its home comfort center division charging illegal practices in selling home air-condltloeer systems. The company was reacting to an article in The Los Angeles Times reporting that the lawsuits accuse Trane of violating several consumer-pro tec-, tion statutes and victimizing low-income homeowners. The company wouldn't say whether California state authorities are investigating it for possible law violations.

The state attorney general's office wouldn't comment either. William Bast, Trane's vice president for administration, said the number of consumer fraud law- suits fiied against Trane in California is small when compared with 30,000 home air-conditioning units Trane installed in California over the past 10 years. Torstar ups shares Torstar Toronto, said it exercised an option to buy 500,741 more common shares of Harlequin Enterprises raising its interest in the Canadian publisher of romantic fiction to about 68 percent from about 68 percent A Torstar spokesman said the purchase price, which has not been fixed, probably will amount to slightly less than $24 (Canadian) a share, or a total of $12.2 million, the Wall Street Journal reported. Harlequin shares closed Friday on the Toronto Stock Exchange at $24,879. up Wi cents.

Torstar, publisher of the Toronto Star, said the purchase was made under a 1973 option agree-ment with Harlequin's senior officers that allowed Torstar to buy as many as 696,000 Harlequin shares by next spring, using a pricing formula tied to Harlequin's 1980 earnings. But a spokesman for Torstar said the company lias terminated the option agreement, leaving the balance of the optioned stock in the hands of Har i. Journal Times photo by Mark Hertzberg By Louis Cook of Two Adtti Prtm Consumers across the country win be able to earn Interest on the money In their checking accounts starting next year. But the strings attached to the accounts may leave depositors with a loss instead of a gain. The, conditions governing the new interest-bearing checking accounts will vary from city to city and institution to institution.

As a general rule, however, you will have to keep a substantial amount In your checking account or more in some places -if you want to avoid hefty service charts. Ia m2y csxs. tts e-WJM cert more in fees than it will earn in Interest And tha less money you leave on deposit the mora you will pay. The NOW accounts -the letters stand for "Negotiated Order of Wlthdrawl" -were Introduced In New England in 1972. They spread throughout the region and into New York and New Jersey, but were prohibited elsewhere.

The debut of NOW accounts on a national basis is coming as a result of legislation passed by Congress to eliminate many of the regulations governing the banking industry. Banks, savings and loan associations and other financial institutions in all 50 states will be allowed -but not required to offer interest-bearing checking accounts beginning Jan. 2, 1981. The maximum interest rate of the NOW accounts, set by a federal panel which is overseeing deregulation in the banking field, will be 5M percent a year. That's the same amount that commercial banks are allowed to pay on passbook savings accounts and is quarter of a percentage point less than savings and loan Institutions can pay.

Figuring out whether a NOW account is a good deal will require some complicated calculations. Among the things you will have to look at are the average amount of money you now keep in your checking account; the number of checks you, write every month and the fees you already pay for checking. Suppose, for example, you keep about $250 a month in your checking account. At present, you earn no interest on that money. You also get free checking, however no monthly service fee and no per-check charge.

If you open a NOW account that pays 54 percent a year, compounded dally you will earn less than $1.15 a month on your $290. 14 in avrhflnm fnr Mrnlno inlmrmmt mm have) tn Precise open house An open house for employees and members of their families drew about 200 people Sunday afternoon to Precise plant at 3715 Blue River Ave. Those on hand, from left, included machinist Richard Bentson, holding one of the high-speed electric spjndles Precise makes; H. Campbell Stuckeman of Pittsburgh, the company's president and principal owner; and Earl B. Hamilton, the plant's general manager.

Stuckeman and members of his family bought Precise, which also has a plant at Leichlingen in Germany, in 1975 from Rock- well International Corp. Stuckeman is a retired executive of Rockwell International. David C. Easley, Stuckeman's son-in-law and Precise Corps executive vice president, said the open house was held to give employees a chance to show their families the results of a "heavy" investment made during the past year in plant and equipment. The improvements include factory-wide air conditioning, a number of new machine tools, rearrangment of the machining area to improve materials flow, and installation of new offices for supervisors.

jacobsen to close Hwy. plant lequin's senior officers. Harlequin's holdings include two Wisconsin companies, Ideals Publishing Wauwatosa, and Miles Kimball Osh-, kosh, a mail-order business. Harlequin acquired Miles Kimball last June 30. Bozell to buy unit CHICAGO Foote, Cone Belding Communications Chicago, an advertising and public relations company, said It will sell its Phoenix subsidiary, Jennings ft Thompson Advertising Inc.

to Bozell ft Jacobs effective Jan. Bozell ft Jacobs also will acquire Jennings ft TbompsonByoir Public Relations in Phoenix. Terms of the transaction were not disclosed. Jacobsen has 64 hourly employees at the Highway plant. "Approximately 20 to 35 of those will be absorbed into" the Packard Avenue operations, Jacobsen said.

The rest, as many as 29 or so, will be laid off. In Racine, Jacobsen builds its commercial turf products. Jacobsen's consumer products, including the Sno-Burst snow-thrower line, are built at Brookha-ven, Miss. use a less expensive engine made by Textron's Homelite division. Homelite, best known for its chain saws, has headquarters at Charlotte, N.C Its factory is at Gastonia, N.C.

Production of the Jacobsen-built engine will be discontinued, except for manufacture of replacement parts. That output will be moved to the Jacobsen headquarters complex on Packard Avenue, which has 524 employees, plant and. office. Textron Jacobsen division, 1721 Packard confirmed today that it will close its plant at 7800 Highway east of Franksvllle by the end of the year. Leased by Jacobsen from Jensen Metal Products Inc.

under an agreement signed last year in March, the plant makes gasoline engines used in a number of Jacobsen products, including the Sno-Burst snow thrower. Starting next year, the Sno-Burst will x-resident named Lamberton's to move to Westgate pay fees of more than $1.15 a month, you will lew money with a NOW account Prime up to 1614 NEW YORK (AP) Several major banks today raised their prime lending rates by three-quarters of a point to 16.29 percent the highest that rate has been since last February. Chase Manhattan, the nation's third-largest commercial bank, Inltated the Increase from a 15.5 percent rate. It had no comment on the move, but analysts widely predicted a new round of prime rate increases following credit-tightening moves by the Federal Reserve Board Friday afternoon. Citibank, the second-largest bank, Manufacturers Hanover, No.

4, and Morgan Guaranty, No. 5, quickly followed Chase's lead with announcements of a 16.25 percent rate at each of those banks. Former Racine resident Julianna Van Susteren has been named accounting officer for Mid-Continental Bancorporation Milwaukee, holding company for Contintal Bank ft Trust Continental Bank Guardian, Continental Bank Hampton and Continental Bank Mid-America. Van Susteren, who lives in Greenfield, was a customer service representaive with Heritage Bank ft Trust, 4001 N. Main St, until 1978 and then a senior accountant with Peat, Marwick, Mitchell ft Milwaukee.

Lamberton's, a family-owned women's apparel business, will move its west side store about March 1 from Western Village, 6216 Washington to Westgate Mall. 4913 Washington Ave. The 30-year-old business also has a store at 3417 Douglas Ave. It has operated in Western Village at "Washington Ave. since 1976.

The move will be from 10,000 square feet on the second floor at Western Vil Appleton, whose president is Bob Skoronski, a retired Green Bay Packer lineman. Gamut stores sell athletic equipment and clothing, crafts and artists' supplies, office and school supplies, teaching aids and educational toys and games. The Racine store also sells office furniture and offers interior office design services. There are three other Gamut stores, at Green Bay, Appleton and Schofleld. lage, where the lease expires Feb.

28, into about 7,000 square feet in Westgate, at the southwest corner of Washington Avenue and Ohio Street adjacent to the Shopko discount department store. The Westgate store will be near the. north end of the west wing mall and next to the Gamut, a store that opened Nov. 10. As previously reported, Gamut stores are operated by Valley School Suppliers 12,934.

Satot Thur Interest Thur. 14,976, off 1,005 from Total opan Mod. Jul 212 2.14 2.12 214 -JJ1 Sep 2.09 2 14 2.09 2.11 Sales Thur. 1,037. Total open Interest Thur.

7,649, up 59 Iron Wed COP.N 5490 OU.J Del Ian par au. 342 37444 30144 SAVE WITH OS! Union Savings' 214" Year Certificate SOYBSANS 5r0oS bsi. 3 9644 304 396 DeUart par 3 93 'A 4 0144 3 9944 9 04 9 04 4 1 79 Nov 393 424 424 400 .044 .404 ..933 379' IIS 4 02 400 305 343 70.219. Doc 375' Mar 3 04 May 3 9444 Jul 3 3' Sep 3 79' Doc 3 57 Sales Thur Total open Wed. Jan 457 9.30 456 3.57 1.42 Mar 979 9 51 4 79' 992 4.47 4 41 May Aug.

Sep. Koxnord 19 19 (2J4d) 59 NC SctlHtl Browing 144 9 NC Snap-on ToouT. 22 2144 22 NC Slafcltolnc 9 944 944 -Vi Tonnoc 50 49 SO'i -44 Toitronmt 2i 2tV4 24V, NC Twin 04k It NC Vulcan Mat 44 NC Wl El Paw 21Vi 21 21 14 14 1 Vlt Pwr Lt ...144 IS 14 Grain Futures CHICAGO (AP) -Futuret trading Friday on tho Cntcago Board of Trad: Open Hlflh Low Ctoat Chg WHS AT MH IMM Delia rt par ay. Doc I3 I94 112 It' Mar 5 Jan S44 S37V 5 434 04 May 5 4444 5 49a S43V S44' -03' Jut 5 24 531 522' 5 3044 -0SV4 Sap 5 31' 5 39 5 31 'A 5 M'a Dar 541 S.SlVa 544 5.51' -04 .11 Local interest Courtesy Robert W. Belrd Co.

Inc. Quotations at of 40: JO o.m.: Not Hloh Low Last Chnf 42 41V Am Motor 4M 4tj 4 MC Am It 1 J4V .4, Bucyruo tlVt Cnrf. JMa 14 MH Evans J4 23 23H First Wit Corp. 17 UV, Wt On.Slg.Corp SOVa SO' to 2444 NC INCO 21 JO 20 Kmart IM IM ttt 41 Koohrlng. HC Loo 2444 1444 244 LevlStrautS 42(4 414 42' -Mi Master MC Mattel Inc IS IS BVi NC Mottol MV4 2344 24 -t MOIC 2M Wt HC Modlno 2IV 71V, 211 Northwnt Ind Vi 24 .955 ..964 .9 42 .4 67 ..4.29 9 56 9.42 9.55 477 166 6 77 441 1.29 1.40 now pays Interest Thur.

323,142. up 711 from OATS 5JM0 bill Dollars per bo. 2.10 06 210 2 23 2 10 2 23 2.25 2.21 2.25 034 Nov Sales Thur. 75,926. Total open Interest Thur.

211,456, up 155 from Dec 206 Mar 2 19 May 221 and tho effective annual yield is H0TICE TO Till nES.2inTS of The Racine County Human Services Board is In the process of organizing a planning steering committee consisting of six tax groups to research and submit a long-range plan to the Human Services Board by April 1, 1 980. The general purpose of this committee is to develop a three-year plan for the Human Services Department. We are seeking candidates for appointment to the following Task Groupsi No. 1 Human Sorvk Program (Nopd a IMajrittes) No. 2 Rwlatiattthlp with Community an! Centtwct Afendes No.

3 The HSO Role In County Government No. 4 Funding and Budgeting Strategies No. 5 Facilities No. HSO AfcittogeiTrent If you are interested in being assigned to a specific task group, submit a letter toi Clyde M. Samsel, Chairman Racine County Human Services Board 42S Main Street Racine, Wl 53403 0 Please indicate whether you would be a recipient ol services, provider of services or interested resident of Racine County.

PUIS A FXEZ GIFT FOX SAV1NO $303 OS MOSl Union Savings Vh year trtifkatM are Imwred safe to $100,000 by an agency of of the Fsdtnal govprnmprtt. The minimum cWpotit required an the 2V year account is $100. A oubotarrtial penalty is rqurrd for early withdrawal. For more information col any Union Saving Office. Rate Effective through Nov.

26, 1M0 a n54iji. as" Raf frill me" and Loan Association Downtown Officot College Ave. at Fifth St Fhonoi 434-711 Southwest Office! Durand Ave at Orchard Phenoi 534-1 Ue North Officot 4 3213 Oouftos Ave, Fhanai 439-ltll 7 IW Downtown Old Mai" 4afA.i n- M..