The Journal Times from Racine, Wisconsin • 33

SECTION Jurnsl TlmM, Thursday, April 1,1974 Teamster strike impact jight here so far The impact on Racine commerce and industry of the Teamsters union's national tracking strike could be disastrous should the walkout continue for any length of time. At Racine Steel Castings, for Instance, the supply of Incoming materials could become critical In 10 days or so, time because of a lack of supplies." Managers of several Racine department and discount department stores said they don't foresee Immediate problems but a prolonged walkout could cause difficulties. Richard Jansen, manager said Gene Slmonsen, the foundry's marketing vice president, "But there would be a double-barreled Impact," Simon-sen said this morning. "More than 75 per cent of our finished product goes out of here by truck." of the new mart store at 1750 Ohio said merchandise was In for today's opening. James Gaspar, manager of the J.C.

Penney Co. store at Elmwood Plaza, said the store was pretty well set with merchandise for spring and 1601 21st Motor Transport 2301 S. Memorial Drive, Navajo Freight Lines 1221 21st Express Freight Lines 2108 Clark Checker Exprens 3131 Packard and Roadway Express 3143 Packard Ave. At Kenosha, he said, these terminals are struck: Kenosha Cartage Co. 5015 38th Yellow Freight System 3000 Sheridan Road, and Ryder Truck Lines 1124 91st St, Struck in Burlington, Mueller said, Is Hi-Way Dispatch 100 S.

Calumet St. most of the summer. The major Impact of a short strike would be a stockroom pileup, Gaspur said. Striking drivers in Racine and Kenosha counties are represented by Teamsters Local 43. George Mueller, the local's secretary-treasurer, said this morning that he was unable to give an accurate estimate of the number of drivers on strike In the two counties.

But he said about a third the Local 43 drivers covered under the national master freight agreement the pact Involved In the walkout- were working. Those drivers work for companies that have signed interim contract agreements with the Teamsters union, Mueller said. Companies that have signed such agreements are companies that do not belong to Trucking Employers the association of major trucking firms which represents the trucking Industry at the bargaining table in Chicago, Mueller noted. Mueller said the walkout has shut down these trucking terminals in Racine: Advance Transportation Bank adds director Carl J. Wieman of Franksvllle, treasurer of Runge Gas Service Inc.

there, has been elected to the board of directors of Racine County National Bank, which has offices In Franksvllle and Sturtevant, Wieman also is secretary of Runge Mink Ranch Inc. At Western Publishing a spokesman said the strike likely won't have any Immediate effect on production. "But If it isn't settled In a few days, we'll be In the same position. as every other company that depends on truck transportation," he added. A spokesman at the J.

I. Case Co. declined comment, saying company officials were still evaluating the situation. "In the short term, our company Is in reasonably good shape on raw materials and packaging components," said a spokesman for S.C. Johnson Son Inc.

"And we do have a rail facility at Wax-dale. "But in the long term, the effects would be as serious for us as anybody else." At Modine Manufacturing Norbert Doligalski, executive vice president for administration, said officials were not yet able to determine the full impact of the strike on the entire company, "since the strike Is localized in various areas and has not hit the entire country. "Here in Racine, the effects will be very minimal, since we have no manufacturing operations. The laboratories and offices here may be Inconvenienced from time to Vegas contract voted down the "Journal I lines stagehands went back to their Jobs and said they would not immediately return to- the picket lines. The disagreement does not Include the wage portion of the contract.

Union officials said they expected to get the same 35 per cent raise over four years that three other unions accepted. Showrooms reopened Wednesday night after a three-week closure caused by the Strip's longest strike ever. More bigname stars, including Shirley MacLaine and Wayne Newton, were to open shows tonight." Musicians accepted a 35 per cent raise that will place their wages and benefits for a sixday week at $526 In the fi- nal year of the contract. Culinary workers and bartenders will get a for culinary workers and bartenders. Another potential labor dispute was headed off Tuesday night when Teamstersunion maintenance workers vote to extend Indefinitely their eld-tract with Las Vegas hotels that expired today.

The union members?" however, gave their leadership the power to call a strike if contract talk's break down. LAS VEGAS, Ncv. (AP) -Despite rejection of a new contract by 250 stagehands, entertainment continues in full swing on the Las Vegas Strip. The stagehands' union turned down a new four-year pact Wednesday, saying it had complaints about 12 technical points In the agreement and would ask the Nevada Resort Association to return to the negotiating table. But the hour raise over four years under 'terms of a tentative agreement reached last Friday.

Waiters currently make $2.40 an hour and bartenders $4.50 an hour. The 15 Strip hotels that had been struck since March 10 reopened last Saturday, and the threat of another strike in downtown Las Vegas was averted Tuesday when a new agreement identical to the Strip contract was reached Anaconda of fer completed Atlantic Richfield Co. (Arco) said it received more than six million shares, or 27 per cent of those outstanding, of Anaconda Co. under a $27-a-share tender offer that expired Wednesday. The offer will not be extended, Arco said.

Arco said it still has to decide whether to buy the shares over six million or to purchase six million on a pro-rata basis. In announcing the offer, which opened March 18, Arco said it was being made "with a view to a possible merger or similar combination" with Anaconda, and that it reserved the option to acquire more shares either through the tender offer or by other means. Walker credit union elects Ronald Halvorson has Ijeen elected secretary of the Walker Employees Credit Union, 301 Hamilton St. He succeeds Robert Stone. Other officers were re-elected, including Louis Kropp, president.

A new member of the credit union's board of directors is Gerald Martin. Business Consultant Service: Trie largest companies hire special staff people or outside consultants to give them an overview of their capital adequacy, normal working capital requirements, and financial structure. The smaller businessman should be able to look to his bank for a financial profile that considers these factors and more. Rexnord deal completed Milwaukee-based Rexnord Inc. said it has completed acquisition of Tridair Industries of Torrance, a producer of fasteners used by aerospace and industrial manufacturers in the repair and maintenance aftermarket.

Rexnord said completion came after directors of both companies and more than two-thirds of Tridair's shareholders approved the purchase Terms call for the exchange of .26 share of Rexnord common stock, plus 22 cents cash, for each share of Tridair common. Tridair, with annual sales of more than $10.4 million, has .350 employes. Sffl Economic Forecasting: The business owner should be able to look to his banker as a source of inforriation about the economy, especially as it relates to the local area. bankers talk with hundreds of business people each year and can offer counsel on trends.in employmenthousing starts, sales, consumer confidence, inflation, etc. all of which may have an impact oh the local businessman.

S) Illy -jj gifts get ok mm. "Si MADISON (AP) Wisconsin's savings and loan commissioner has decided against prohibiting savings and loan associations from from offering gifts to those who open or increase the size of accounts. "Because no substantial deleterious effect upon the public interest is indicated, no action which would limit, restrict or terminate the offering of merchandise premiums conditioned upon establishing, maintaining or adding to savings accounts is contemplated," R.J. McMahon said Wednesday. He commented after the drafting of a report on premium uses by Wisconsin savings and loans from 1972 to 1974, based on responses by the associations themselves to a state questionnaire.

"While it is recognized that the survey upon which the conclusion is primarily based is incomplete and probably not entirely accurate, it is nontheless relied upon because is con-sidred to be the most pertinent and definitive available," McMahon said. Interest Earning Deposits and Short-term Investments: The surplus funds you have in your business checking account can be earning profit for your company. If your checking balance is in excess of normal requirements, you can put the surplus to work earning interest in a business savings account. If the surplus is substantial, you may want to consider a short-term investment in the U.S. Treasury or corporate paper markets.

We will be pleased to advise you on the best alternatives. Mils Data Processing: First Wisconsin offers the businessman a range of data processing services to save him time and money. For example, a payroll service may eliminate the need for checks and preparation of withholding forms and year-end earnings reports. Payroll service can be ecbnomically used hy almost any business having six or more employees. Other data processing services help the business owner with accounts receivable and payable bookkeeping, general ledger accounting and commercial check reconciliation.

Profits up 9.6 at phone company Wisconsin Telephone Co. Moede said, were countered said its net income rose 9.6 by "innovative management per cent in 1975, to $48 million action" which included im- from $43.8 million in 1974. proving productivity and effi- Revenues totaled ciency, aggressively pursuing 000, up from $358,623,000 in revenue opportunites, and 1974, according to, the utility's "seeking re-pricing of our annual report. services before the Public Wisconsin Telephone attrib- Service Commission." uted the profit gain to in- Moede said the directory creased productivity com- assistance charge plan begun bined with improved revenues last June has already resulted during the final months of the in a savings to the public. He year.

said the PSC made a $2.5 mil- In the report, the utility lion reduction in its October said it spent a record $164.2 rate order because of cost million on construction last savings generated by the pro-year, gram. "Inflation joined with recession to depress earnings Prnrlnro during much of 1975," said ruuce WUrnnsIn Tplpnhnnp's nresi- Chicago iapi (ujoai Maior Wisconsin leiepnones preai potato markets fob thtppinf pointi dent, Custave H. Moede s. wmd in im id tv i- Wajhlngton rusiati North Da-Then, in the middle Of the 5.7S4.0O, Colorado ru. year, enactment of the state's Xilix'1' McClurn budget bill increased our tax liability by nearly $4 million." Local Interest Those ''hegaQve (CM Inc.) Nat HlohLow Last CM Over the counter JSttfcz 2c tmm JIH 7 NC SM Ask iS -H SraoOoTooli J7' Cont.Can Wi 2 i Sta Rit InAistrm 8vamP Sraams Mt ri Ml First Wis Corp.

NC Tw ft III NC VoruTacH INCO J3l Wl 1 KooKrlng I0 lO'l 10' a -'a Mutual Funds MostoyF J7H 17" J71 ns r3 n1 FIlolttyFyl H.JJ I'M ric IWMt ct.iitirtog..MW'To nc mtn VarlaW. Ply J.n )7t ThntlBt MisothosotWIri.Tr. vutoti Mat 4IH am in 11.41 WntrmP ir Ut lit NC Nowtoh. Va? W'iPow -a Sotactod An. Skarot J0 N.t.

wi, PSyt ltJ, in, i Wtscoanrt Fund Ul im miLI rt II I When you are operating a small or medium-sized business, the bank you choose can literally make the difference between long-range success and painfully slow failure. Most business owners think of their bank as a source of loans and a depository for the company checking account. But the really professional banker can do -much more 'for his customer. Here are a few of the special services offered customers of the First Wisconsin Bank of Racine: Pension and Profit Sharing: The time will come when you, the owner of a business, will decide to retire from active management of the company and enjoy the benefits of years of hard work A properly designed pension program can help you get the most out of those retirement years. Our trust specialists will help you structure a program that will provide the best tax treatment while the program is' in effect and the greatest benefits when you retire.

The purpose of this message is to suggest to you that there is a measurable difference in banks and that the staff at the First Wisconsin of Racine will welcome the opportunity to prove it. Why not call 637-4481 and ask to speak to Bill Troudt, President of the First Wisconsin, today. FIRST WISCONSIN RACINE 1201 West Boulevard Racine, Wisconsin 53405 637-4481 Deposits are Insured up to $40,000 by the FDIC. MJLIv a a a. t.

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