Southern Illinoisan from Carbondale, Illinois • Page 33

Paga Thirty Three Carbondale-Herrln-AAurphysboro-AAarion SOUTHERN ILLINOISAN, SUNDAY, AAARCH 9, 1980 Business Briefs Consolidation Coal Co. exec sees gains in-1S0 'rrT Photo by ED GREER. Mall expansion TkA iaa AAA cmioM.W oHHUlnn fn ParhnnHnlo'c TTnlxroriKr snilAlY fftPt. It IS eXDeCted tO Mall is taking shape. Slated to open in August, the new wing will include a Meis Department Store and a number of small special- ty shops.

The expansion will bring the size of the mall to 460,000 ing to David Hocker and Associates of Owensboro, owners of the mall. This photo shows the new construction as viewed from the south side of the mall. graduate accountants. When the clock stops, you are on your own. Presently, there is no number that area residents can call to obtain the time and temperature.

But Jay Rotolo, owner of JR Enterprises in Carbondale, would like to change that. Rotolo, who also owns the Audio Hospital at 126 S. Illinois Ave. in Carbondale, has invented a device he calls the Tel Time III. The Tel Time III provides time and temperature information to callers 24 hours a day in addition to a recorded promotional message.

He hopes to sell the device to banks and similar institutions. Southern Illinois University-Car-bondale Division of Continuing Education will offer a course March 10 to 14 to prepare candidates for the Illinois insurance agent and broker licensing examination. The course is an intensive review of areas covered in the state examination such as property, casualty, law, life, health and automobile insurance. Sessions will be held in the Mackinaw Room of the Student Center from 8 a.m. to 5 p.m.

each day. More information is available from Jeanne Bortz at the SIU-C Division of Continuing Education, 536-7751. National production of bituminous and lignite coal is up 27 percent for the first five -weeks of 1980 as compared to the same time last year, a Department of Energy report says. Production during 1979's severe weather totaled 57 million tons in the first five weeks. Production hit more than 72 million tons in the first five weeks this year.

Analysts: Controls -or the stock market wi 856.481 The executive vice president in charge of sales for the Consolidation Coal Co. is optimistic about the 1980 coal market. C. J. "Chuck" Myers says "this could well be the year that the long-awaited and widely predicted switch to coal will begin." Unsettled world conditions that contribute to the instability of oil supplies and delays in nuclear power expansion will provice the impetus that will give coal the attention that it deserves, he says.

Myers believes unnecessarily stringent and uncertain air quality standards are the primary obstacle at present to increased use of coal. "A recent study made by Consol's Market Survey Department indicated that nationwide a total of 292 proposed new generating stations that would burn coal have been delayed an average of two years in their development," he says. But he predicts that the "catch-up" will begin this year. "Consol is gearing up to obtain its share" of an expanding export market and to take up the slack that is expected to be created by aborted nuclear projects. "A vigorous marketing program" is a key element in Consol's 1980 plan, says Myers.

Marchildon, Rice Heal, Certified Public Accountants, have announced a merger with the accounting firm of James R. Cravens, CPA, of Du Quoin. The firm will operate under the name of Marchildon, Rice Heal and will maintain offices in West Frankfort, Herrin and Du Quoin. Cravens and his staff will retain their present positions in the Du Quoin office. With the addition of the Du Quoin office, the firm will have a staff of 25, including 10 CPAs and eight People Dick McKay Promotes area 820.56 820.58 Market closed Analysis ROs oon ionEs 30 INDUSTRIALS tteek of: Uarck 3 7 869 341! 820 not drop sugar, food processing and food retailers and probably would do so again in the future.

"However, radio and television broadcasters, oil well drilling machinery, oil, utility pipe lines and electric appliances stocks have usually done well during past periods of government-administered controls, he said. The Dean Witter executive noted that in the current environment of international confrontation, energy related industries would probably also perform well should some sort of controls be imposed, "along with capital goods, productivity systems and military technology." Claude Vanden Broeck, a partner of Prescott, Ball Turben, said that controls are secondary at this point. "The market is going to go down no matter what happens because of growing inflation," he said. "If the United States has a real credit crunch, controls won't be needed because corporations will sell their inventories and cut back on investments." Vanden Broeck said the administration cannot sustain its current monetary policies for long without creating political problems for itself. He predicted that, if for nothing else but appearances, the government will have to loosen credit and create some form of package of controls.

However, he doesn't see that happening until after the November elections. Another Wall Streeter, John C. Pis-tell, chief technical analyst of Stires Co. said "the stock market should respond favorably if the government imposes controls. He added that as a stern monitor of financial truth any "really constructive effort to dampen inflation will be well received by the market." Pistell believes that the money-sensitive securities, such as utilities, will be biggest gainers if controls are instituted.

He also continues to prefer the international oils, like Exxon, Gulf, Mobil and Texaco because of what he termed their "real and uninflated value in a period of rapidly rising inflation." New York Times New York Stock prices dropped sharply last week in heavy trading on Wall Street's fears that rising interest rates will soon go even higher. The Dow Jones industrial average finished the week down 42.58 points to close at 820.56, its lowest close since Jan. 3 when it ended at 820.31. In the last four weeks the blue chip barometer has tumbled 75.17 points, basically because of increasing interest rates and accelerating inflation. On Thursday, the Dow fell 16.81 points its biggest one-day drop since Feb.

21, when it fell 18.34 points. A major depressant last week was the report that the Federal Reserve planned a two-point hike in the discount rate, a report the Fed said was unfounded. The Dow has dropped drastically since Feb. 15, when the Reserve Board last raised the discount rate, the interest rate charged to member banks for loans, by a full percentage point, to 13 percent. Another bearish development for the market was the move by many major banks last week to increase their prime lending rate by a half-point to a record 174 percent, and, in at least one case, to 18 percent.

The prime is the interest rate banks charge on loans to their most creditworthy corporate customers. Many other rates are tied directly to the prime, and many more react to it in1 directly, so that its impact goes beyond its direct effect on the nation's largest companies. Still another was the report by the Labor Department on Friday that prices at the producer level climbed 1.5 percent in February after a 1.6 percent rise in January. This was further evidence that the inflationary spiral is not abating. The selloff on the New York Stock Exchange last week was across-the-board with the oil stocks, the recent glamour issues, particularly hard-hit.

It was the same story on the American Stock Exchange where the market-value index on Thursday dropped 10.11 points, its second larg- Create abOllt 250 neW jobs. aCCOItl- -Awards David N. Tait. RHU Insurance firm awards Tait Carbondale Mutual of Omaha general manager David N. Taithas qualified to become a Registered Professional Disability Income and Health Insurance Underwriter (RHU).

Southern Illinois University Foundation's Eddie Albert Fund will bestow the first Eddie Albert Humanitarian Award this year. The award, hereafter to be be stowed annually, was established to recognize an American business en trepreneur who has achieved busi ness success in spite of some major obstacle and who has devoted con siderable effort to humanitarian causes. It will be presented in cooperation with the American National Business Hall of Fame at Western Illinois University. The Eddie Al bert Fund was established in 1978 in behalf of the actor in an effort to encourage conservation, humanism and innovation. Morgan Commercial Structures, of Route 3, Murphysboro, has been named a regional winner in the Master Builder contest sponsored by Star Manufacturing an Oklahoma City-based manufacturer and distributor of metal building systems.

The award was presented to owner Robert Morgan for the firm's construction of its own office building just east of Illinois Business 13 on the north side of the The company was also named one of Star's outstanding dealers for 1979. A CAREER COUPLE TALKS ABOUT THEIR NEW HOME. "We fed in love with our rew home right here irt thts Galtery of Homes hdd everythmq we were looking for It seemed Targe for two career people three bedrooms pi js a den "But we decided to buy it txt Juse this particular home cou'd be our hedge against inflation Our Gallery broker vas enormously helpful in all of the matters And you kow how important that is these days. "And you know what We discovered we really enOy our extra For nearly thirty years. Ga'lery Of Homes brokers have been helping more and more people buy and sell their homes.

Come discover the Gallery of Homes difference for yourself GALLERY OF HOMES. A PROVEN METHOD OF MARKETING YOUR HOME. DIEDEMCII INSURANCE REAL ESTATE 508 W. Main Carbondale II. 62301 (618)457-6721 7fa i 0 vVl An tr-nation Nrtwor ot Independent po Hornet.

Inc 1979 SIU-C graduate student in CIPS area promotion "We may never use all the bedrooms in our new house. But we sure can use the hedge against inflation'' Diagraph, labor reach three-year agreement gi. Tct. Hrt. TIM.

fri l1979r so soo 850 800 750 700 A SOND JFMAMI PL. est daily loss since the index was instituted on Sept. 19, 1973, and the popular Canadian oil and' gas producers' stocks took the brunt of the decline. Should credit and wage and price controls be instituted, as has been widely rumored in recent days, how would they effect the stock market? Robert H. Stovall, director of investment policy of Dean Witter Reynolds said that in four modern periods when some mix of controls have been employed by an American administration stock prices enjoyed a burst of strength for a short time "and then began to fade." Stovall noted that controls in the past had depressed the stocks of basic industry producers such as steel, cement, various building products, ment in insurance and pension benefits as well as an average wage increase of 10 percent the first year, seven percent the second year and six percent the third year of the contract.

Other details of the contract were not available Friday. In Brief is engaged in contract drilling and exploration for oil and gas. The agreement is subject to approval by Exeter shareholders and government agencies, officials said. DISCOUNT brokers give independent investors the most direct and inexpensive access to the trading room, according to John Dawson, president of John Dawson Associates, Inc. Dawson said Friday at a money management seminar that discount trading accounts for nearly 7 percent of retail trades on the New York Stock Exchange in the five years since fixed commission rates were abolished.

Because of the discount brokers' emphasis on the efficiency of trade and support operations, he said they generally provide faster access to the trading room than full-service brokers. Diagraph Bradley Industries Inc. in Herrin and the International Asso-ciaton of Machinists and Aerospace Workers Local 554 have reached agreement on a new three-year labor contract, said George Cameron, vice president of manufacturing for Diagraph. The agreement calls for improve Dr. Khalid Javed Opens area office has been associated with the firm since 1970 as an architectural designer, project manager and construction manager.

He received his Bachelor of Architecture degree from the University of Illinois in 1972. Roger Gail White of Marion has been associated with Fischer-Stein since 1976 as a project manager, historic researcher and restoration planner. He received his Bachelor of Architecture degree from the University of Illinois in 1973. J. P.

Gibson of Dix, assistant to the general manager at Inland Steel Coal Mine No. 1 near Sesser, has retired after 30 years with the company. Gibson joined Inland at its Wheelwright, mining complex 30 years ago and transferred to Mine No. 1 in 1967. Barbara Litherland, realtor associate with Havens Realtors, recently completed the third course of the Graduate Realtors Institute at Arlington Heights.

She has received her broker's license and completed the Tom Hopkins listing and selling seminars. John L. Rozance, a senior vice president-mining of the Consolidation Coal which has operations in Southern Illinois, has elected to take early retirement for health reasons effective April 1, according to R.E. Samples, Consol chairman and chief executive officer. A.E.

Charles Allan has been appointed president of the Illinois Educational Consortium (IEC), a not-for-profit corporation whose members are the four governing boards of higher education in Illinois. He has been director of the management systems for the Maricopa County Community College District in Phoenix, Ariz. And on the energy "Southern Illinois is in my future business plans. Business and people and nature get along well together here." The hype for Southern Illinois is from Dick McKay, geology graduate student at Southern Illinois University-Carbondale. A photo of McKay and his comments are featured in an advertisement that is currently being placed in the Wall Street Journal, Barron's and other national business publications.

The advertisements are sponsored by Central Illinois Public Service Co. in an effort to attract new industry to the area. Dr. Khalid Javed has opened an office at 417 E. Broadway in Johnston City.

Javed is a graduate of the King Edward Medical College in Lahore, Pakistan. He served his internship at Cook County Hospital in Chicago, a pediatric residency at Chicago's Mercy Hospital and an in-ernal medicine residency at Evanston's St. Francis Hospital. Dr. Javed is certified in pediatrics and board eligible in internal medicine.

His office hours are 10 a.m. to 5 p.m. weekdays; appointments may be made by calling 983-5025. He is also on the attending staff at Herrin Hospital. Nancy Derring-Green, a maternity nurse specialist, has started a practice at 121 N.

13th St. in Herrin in association with Dr. Vlnai Sawetawan. She provides family-centered maternity care for normal pregnancies with medical consultation and referral if necessary. She is an American certified nurse midwife.

For an appointment, call 942-5101. Two additional members of a Carbondale architectural firm, Fischer-Stein Associates, were recently licensed to practice architecture in Illinois. Carl L. Hartmann of Breman tk 111 Chicago (AP) Centel Telephone Utilities says its Western Power Division is seeking an $8.7 million interim increase in retail electric rates. Centel said Friday that the increase is needed to cover rising operating costs, including those associated with construction of a second generating unit near Topeka, Kan.

The firm said it has received approval in Texas to begin charging some suburban Houston customers for local service according to telephone usage. Centel, based in Chicago, operates the nation's fifth-largest telephone system and markets communications products and services. OFFICIALS of Peoples Energy Corp. and Exeter Co. have announced an agreement for Peoples to acquire all outstanding shares of Exeter for about 1.6 million shares of Peoples common stock and $64 million in cash and notes.

Exeter would be merged into a wholly owned subsidiary of Peoples. Exeter, headquartered in Denver,.