The Rock Island Argus from Moline, Illinois • 17

17 THE ARGUS Rock Island 111 Monday June 18 1984 Business PRICE OF GOLD US UNEMPLOYMENT NATIONAL RATE IN PERCENT 90 85 (-g 80 75 70 6 5 60 I llllli DOW JONES INDUSTRIALS FRIDAY CLOSE 1250 1225 1200 1175 1150 1125 1100 0 i r-i r-r i i 3-MONTH TREASURY MILLS PERCENT WEEKLY AUCTION RATE 110 105 100 95 90 85 80 0 I I i-1 i i i CONSUMER PRICE INDEX 199r100 315 310 305 300 295 290 0 DOLLARS PER TROT OUNCE LONDON PRICE 450 425 400 375 350 325 300 0 I i i i i 0 I MAY I JUN IJUL A MAY JUN APR APR TT1 JUL JUN APR NDJFMAM 1983 1984 JUL MAY Hi John Deere unveils new front mowers 1 4 New John Deere product The first John Deere front mower is pictured above It is the first mowing machine designed and built by John Deere specifically for professional groundskeepers The model pictured is a 20-horsepower model and is the first front mower off the assembly line at the John Deere factory in Horicon Wis Before this front mower was manufactured about 50 models were built on the assembly line and field tested by pros around the country Deere has found that such pre-production testing improves reliability on stock machines The new front mowers are now available at John Deere dealers chines and therefore help us find and eliminate any design bugs before they get into the hands of our According to Klintworth the field tests have been completed and the new front mowers are moving off the assembly line and onto trucks They are being distributed to John Deere dealers now The company will manufacture two models in 1984 The model F910 is powered by a 20-hp gasoline engine the model F930 by a 24-hp engine Both front mowers feature front-wheel drive power steering for the rear wheels low center of gravity for stability a zero turning radius with one brake applied and the ability to climb curbs and traverse ditches Three mower decks are available: 50-and 60-inch mowers for the F910 60- and 72-inch mowers for the F930 HORICON Wise Before John Deere started shipping its new commercial front mowers to dealers it built a limited production run of about 50 machines and field tested them before going into full production The company has found that a build helps discover problems in the assembly line operation in time to correct them before building equipment for customers The 50 or so machines constructed on the test line are distributed to commercial and institutional operators around the country for filed testing in real-life conditions Bruce Klintwortha marketing coordinator for the John Deere Horicon Works in Horicon Wisconsin said: is an advantage to testing assembly-line products versus hand-built prototypes The pre-production models more closely simulate stock ma- uirs wmM mmm vWsm Argus business diary MVA passenger traffic shows increase in May By Georgt Ford Argus staff writtr Robert Grove Robert Brenetrom MVA director of sales time frame for using the free travel has also be extended to the end of MVA has also announced that Thrifty Rent-a-Car joined the program June 15 Rent-a-Car will offer members of Frequent Flyer program special MVA car rental rates when presenting an MVA airline ticket and award coupon at the time of said Palincsar award coupon program will also allow MVA frequent flyers to earn upgrades on car rentals are also underway to expand the awards portion of the Thrifty Rent-a-Car management After the successful completion of all five institutes Womack will be awarded the Certified Insurance Counselor designation by the Society of Certified Insurance Counselors Hallmark coming to DCP Hallmark Shop is the latest shop planning to locate in the renovated and enclosed Duck Creek Plaza shopping center Bettendorf Tracey Kuehl marketing director for DCP said work will commence shortly on Hallmark and plans call for opening on or about Aug 1 The new store joining 37 other retailers at the shopping center will carry a complete line of Hallmark paper products cards and gift and party ware In addition Hallmark will offer gift items priced primarily in the 850 and under range The new store will be owned by Howard Kile owner of Gift Shop at Duck Creek Plaza The latter store one of the original tenants of Duck Creek Plaza will continue to do business with an emphasis on gifts rather than cards sales top million mark Barb Cuchra a realtor-associate with Lohman Brothers Real Estate has surpassed the $1 million mark in closed real estate Lohman speaks at MDRT meeting LeRoy Lohman president of LB Benefits Inc Lohman Brothers Agency Geneseo will be among the 100 speakers scheduled to address Million Dollar Round Table members at this annual meeting this week in New York City topic will be Arena in which he will be included among a panel of pension experts who will discuss qualified and non-qualified plans in light of recent tax law changes More than 5000 MDRT members from around the world are meeting in New York City to discuss issues of current interest in the life insurance industry Only the top 3 percent of all life insurance experts in the world meet the strict qualifications for MDRT membership Lohman has been a member of MDRT for 19 years and is a member of the Rock Island County Life Underwriters Association Womack finishes counselor course Lee Womack owner of the Lee Womack Agency in Moline has successfully completed the Certified Insurance Counselor (CIC) personal lines institute The three-day insurance institute was one of five offered annually by the Illinois Professional Insurance Association covering all areas of insurance and agency Grove will supervise the agency's art staff be responsible for creative concepts and layout of ads and print literature and provide audio visual art direction for the agency's clients Grove previously worked as an art director at Heilman Associates in Waterloo Iowa and has done work for many national and regional advertising firms Iglehart opening dental practice A native Quad-City resident will be opening a dental practice July 16 in Davenport David Iglehart DDS will have offices in the Professional Arts Building 121 West Locust St Office hours will be by appointment Dr Iglehart earned his bachelor of science and DDS degrees at the University of Iowa He recently competed an additional year of training as a general ractice resident at University Iowa City sales thus far in 1984 Cuchra who works out of the Lohman Brothers Moline office first became associated with that firm in 1978 and She has consistently been among the top real estate salespersons in the Quad-Cities since joining the firm Brenstrom given life membership Robert Brenstrom CLU 1821 7th St Moline has been granted qualifying and life membership by the Million Dollar Round Table a world-wide organization devoted to excellence in life insurance sales and service Brenstrom has been a member of MDRT for nine years Grove appointed art director Robert Grove II has been appointed art director at Prestley Prestley Advertising Public Relations Inc Davenport signs of continued growth by the regional air carrier Passenger traffic rose 434 percent in May compared with the same month in 1983 to 972 million revenue passenger miles A year ago the airline flew 678 million revenue passenger miles May's report marked the 33rd straight month of year-over-year increases in MVA passenger traffic The airline increased its available seat miles 456 percent to 2043 million in May compared with the same month in 1983 The 476 percent load factor (revenue passenger miles as a percentage of available seat miles) was down 7 points compared with 483 percent in May 1983 On a year-to-date basis MVA's 4265 million revenue passenger miles during the first five months of 1984 were up 338 percent compared to 3187 million a year earlier Available seat miles in the same period were 9098 million up 302 percent compared with a year earlier Year-to-date load factor was 469 percent up 13 points compared with 456 percent a year earlier MVA recently announced the extension of its rogram through Dec 31 1985 program allows a member to earn a free trip for every 16 segments flown positive response to the program has prompted the company to extend it through said Margaret Palincsar CARMICHAEL Stock market rallies today NEW YORK (AP) The stock market rallied today attracting some buyers after last selloff The Dow Jones average of 30 industrials down 4435 points last week for its worst weekly showing in nearly five years rebounded 939 to 109629 by noontime today Gainers held a narrow lead over losers among New York Stock Exchange-listed issues Analysts said investors generally had been discouraged by the showing last week when it fell decisively below the 1100 level in the Dow Jones industrial average But they also said prices had reached levels where they might attract some buyers looking tor Brokers noted that interest rates whose rise over the past several months was cited as a major concern for stock investors have lately started a tentative decline International Business Ma- New York stocks I by EF Huttan ft item Mm) Deficit again sets record chines which led the market downward last week as it fell below 100 for the first time in more than a year climbed to 100V Middle South Utilities topped the active list up 45 at 1045 The company responding to a Wall Street Journal report last week about its potential financial problems arising from a nuclear power project said it didn't expect any reduction in its dividend The composite index rose 45 to 8662 At the American Stock Exchange the market value index was down 50 at 19868 Volume on the Big Board came to 3638 million shares at noontime against 3849 million at the same point Friday that BAMK WH AUE AT THE PROP OF A PECIMAL POlhlT- New TV station for QC The main reasons are the relatively high value of the US dollar which makes American products expensive for foreigners to buy and makes foreign products cheaper for Americans and the fact that the US economy has recovered from recession more briskly than most foreign economies giving Americans more ability to buy imports Those two factors have pushed American imports higher while making it harder for US companies to find buyers overseas Most government and private analysts say the dollar's value should decline somewhat by the end of this year and foreign economies should be recovering faster However no one is predicting a quick end to the trade deficits Today's report revised several 1983 figures from an earlier report issued three months ago With the revisions the deficit for all of last year was pushed up by about 8800 million Figures were adjusted to discount for seasonal variations WASHINGTON (AP) The deficit for the broadest measure of the foreign trade widened to a record $194 billion for the first three months of this year surpassing the previous mark of 8172 billion set just one quarter earlier the government reported today The Commerce Department report on the of international transactions showed a continuation of the pattern of the last two years: a soaring deficit for trade in merchandise far outdistancing the surplus recorded for trade in services and other financial transactions In the first quarter of this year the report said: There was a 8256 billion deficit for trade in manufactured goods oil and other merchandise up from 8194 billion in the fourth quarter of last year A net surplus of 884 billion was recorded for trade in services and investments up from 85-3 billion in the previous quarter Net unilateral transfers such as foreign aid decreased to 822 billion from 831 billion The current account showed a record 8416 billion deficit for all of last year and government officials acknowledge this total will be much higher 4 By Ford Argut business writer A new independent television station offering alternative viewing may be on the air in the Quad Cities around Christmas time The Henry County Board of Supervisors recently approved re-zoning of 33 acres near Orion for station KLJB-TVs transmitting tower The Federal Communications Commission last October Market Avenges 9MHM by LmwI 4 tec 919 Mvnr Or Mteitenrl OvMMtent it nnm (COT) Industrials 109617 up 927 Transportation 46080 up 278 Utilities 12278 up 53 Composites 42694 up 307 Breadth Index: Advances 664 De clines 590 Unchanged 475 granted a construction permit for the station to operate on ultra high frequency Channel 18 ED HANNA a partner in the consulting firm developing the station for Davenport Communications Ltd Partnership said the group plans to be broadcasting by the end of the year Hanna said the station plans to carry a mix of sports news movies and syndicated shows different from material carried on existing very high frequency stations in the Quad Cities WHBF-TV in Rock Island WOC-TV in Davenport and WQAD-TV in Moline ANOTHER UHF station WQPT-TV at Black Hawk College in Moline is already in operation and two other groups hold permits for the Quad Cities area RECORDED AFTER HOURS MARKET REPORT CALL 386-3555 1 A 0 EDWARDS Northpirk Mill-Divinport 366 3550.