Ukiah Daily Journal from Ukiah, California on August 5, 1987 · Page 6
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Ukiah Daily Journal from Ukiah, California · Page 6

Ukiah, California
Issue Date:
Wednesday, August 5, 1987
Page 6
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BUSINESS THE UKIAH DAILY JOURNAL WEDNESDAY, AUGUST 5, Lampson opens tractor dealership in Ukiah By U BEI WEN •^.._^._t ifOUfTW Lampson Tractor Company, in old and established Oeyserville firm, is opening a dealership in Ukiah, according to Gerry Proschold, in owner along with , Keith Lampson. He said they have opened a temporary office on the property it 285 Talmage Road and are in the process of constructing a large facility to house the inventory of tractors, farm equipment, lawnmowers. It will also have a space for a repair shop. The firm will have a full line of Ford and Kubata tractors from is small as seven horsepower up to 180 horsepower. ''We will serve many needs from the home owner to contractors. We will service all makes of tractors and farm equipment,' ' Proschold said, adding that the company in Geyserville sold and serviced in this area in the past "The Oeyserville business is a Massey— Ferguson dealership and there are a lot of Massey — Ferguson tractors in this area. We will service them too. We will take care of the customers we've had in the past," he added. "We are proud to he in Ukiah. It's a good move. There is a lot of agriculture here. It is something I've always wanted to do as I've serviced this area for years." Mike Carver will be the manager of the local deal- ership. He comes to the position with 22 years of experience in farm equipment business. He has moved to this area from the San Joaquin Valley. Scott Wilson will be in charge of sales. He has worked for the Lampson business in Geyserville, but has worked the Lake and Mendocino county areas for several years. He will sell out of the Ukiah store now. The service area for Lampson Tractors is as far north as Covelo and Laytonville, and between here and the coast from Bodega Bay to Fort Bragg. Proschold said business is being conducted now in the temporary facility. No repairs are being done in the small shop, but men are available to go into the fiektfor repair work and they will pick up equipment and take it to Geyserville for repairs, without charge for the transporting. ' 'We 1 11 start the services of a full fleged equipment dealership as soon as the building is finished," he said. There will be seven employees and ne will be hiring in the Ukiah area. Proschold said he hopes the building will be completed by the end of September, as they started preparing for it in March. "It takes time. It's just the hassle of building a new building," he said. In the meantime, the manager invites people to stop by and get acquainted. f 'We feel real good about coming to Ukiah. The people who have come in seem glad to see us," he "said. BUSINESS MIRROR Will interest rates decline? NEW YORK (AP)—It's a widely accepted view in the business and financial world that interest rates, after a long decline since the early 1980s, probably have bottomed out But in the eyes of some observers, that supposition is wrong on two counts. If you look, they say, at "real- interest rates — which take inflation into account—the cost of borrowing money hasn't fallen all that much from the peak it reached a few years ago. And by historical standards, it is still very high, leaving room for significant further declines. Predicting interest rates is a notoriously difficult assignment. Some who have tried it say it is a tougher call than the weather, any sports event or even the stock market Nevertheless, most practicionera of the trade agree that it makes sense to pay close attention to real rather than nominal rates. "The real interest rate, which is the nominal rate less the inflation rate, is a truer measure of the cost of money to the borrower and conversely, the return to the lender," say analysts at Wright Investors' 'Service, a Bridgeport, Conn., money management firm. Suppose you lend $1,000 to a bank at 5 percent simple interest by putting it in a passbook savings account and keep it on deposit for a year, during which inflation also runs at 5 percent The bank, in effect gets the use of your money free, and you get no net return on your investment since the $1,050 you withdraw has no more purchasing power than the $1,000 you originally put up (you also probably will have to pay taxes on your $50 in interest but that's another story). Wright analysts note that the nominal rate on a 20-year Treasury bond hit a high of 15 percent in 1981. However, they add, the real rate on that benchmark security didn't top out until 1984, at 7 percent. At mid-1987, the nominal interest rate had dropped to 8.6 percent. Figuring inflation at 3.4 percent, that put the real interest rate at 5.2 percent That's way above the average of 2 percent that Wright calculates for the years 1950 through 1986. Maybe so, a skeptic might say, but there is a reason for a higher- than-usual level of real rates right now: People are expecting an increase in the inflation rate. Yet if you apply the 1950-86 norm to current interest rates, that i people are looking for inflation to reach 6 percent to 7 percent in the near future — much higher than is currently being reported, or forecast by most economists. Well, the skeptic counters, there is another reason that real rates are high: They have to be generous enough to attract foreign capital into U.S. debt securities, so that we can keep financing our budget and trade deficits. To that Wright says, "bringing on a recession with unnecessarily high interest rates will not help keep foreign capital in this country-" Wright analysts caution that no one can declare with utter certainty that interest rates are going lower, given such uncertainties as the government's domestic policies and international trade politics. But from the current condition of the economy and the securities markets, the firm concludes, "the moat likely direction for interest rates in the near future is downward." Anderson Valley AGRICULTURAL INSTITUTE TUITION FREE!! High School, grades 9-12 College Prep or Vocational Options SCHOOL OPENS AUGUST 31 The curriculum offers a unique opportunity to combine scientific experimentation and technology with marketing skills to maximize profits. A strong academic core is blended with the latest in agriscience technology to teach: • High Tecft Horticulture • 0««fn fltwmrcw and • SpKiiUy Crop Mining Hirini Biology M* lfWf!/W • OW C4WPOS FUQHT t fftnt Tlif IM Gvltun IHSTWCJIQH t»o ch a , ge> FACILITIES INCLUDE: 4 commercial greenhouses, solar fruit dryer, plant tissue culture lab, student store, vineyard, 28 acres fruit trees, Christmas trees, 20 acres-hay and experimental pasture. Housing «va//afc/e. APPLICATIONS/INFORMATION: AntKMn V*M«y A0ricullur»l InilltuU : P.Q. BQ« 13Q ioonvlll*. <?A 95415 • (707) 895-2514 UBEIWEN Terry Proschold, left, an owner of Lampson Tractor Co, stands outside the firm's temporary quarters with Mike Carver, manager of the new Ukiah business. .* ?| Business Notes nl New man at Triple S Tire store Steve Wildman is the new manager of Triple S Tires, 550 Talmage Road, a firm th»4 specializes in tires, front end service and brake work. Wildman comes here from the Santa Rosa store, but has moved around a lot with the company, working for stores in Petaluma and San Rafael before Santa Rosa, where he was the assistant manager. He started to work here on July 1 and will eventually be moving up here with his wife. "I love it here. It is a different pace," he said. He plans no major changes in service or inventory at the store which opened in Ukiah about nine years ago. The firm carries Dunlop, Goodrich and Trisun tires and has a mechanic on duty for tune— ups. There are three employees including Wildman. Adventist accredited Uiah Adventist Hospital has been awarded a three—year Certificate of Accreditation by the Joint Commission on Accreditation of Hospitals and the California Medical Association. The local hospital is one of more than 100 medical institutions nationwide that comprise Adventist Health System/U.S. and is operated by the Seventh—day Adventist Church as part of its worldwide healthcare work which began in the late 1800's. ' - -'-'" Fetzer's winnings top 70 medals so far Fetzer Vineyards, Mendocino County's largest family winery, has received a total of 70 medals for their wines so far this year and there are still three major judgings left, including the Mendocino County Fair Wine Judging in August. Mary Fetzer, marketing director for Fetzer Vineyards, said the winning wines for Fetzer include the 1984 Reserve Zinfandel with four gold medals, the 1985 Lake County Zinfandel with three gold medals, and the 1986 Bel Arbrcs White Cabernet with three gold medals. Five wines from Fetzer have earned at least five medals. K-Wine on-the-air 24 hours a day K-Wine, 94.5 FM, is now on the air 24 hours daily. With an antenna on top of Cow Mountain, K—Wine now has the highest antenna of any station in Lake and Mendocino Counties. Current popular hits are now played throughout the early morning hours from 12 midnight to 6 a.m. with Jim Barker as the disc jockey. K-Wine also broadcasts on 93.5 FM into Fort Bragg and Willits. dK-Wine was the first FM station on the air in the two-county area, founded in 1968. Physical therapist begins new practice Willits Physical Therapy Program-has been taken over by Howard Hospital's new-management,prog-, ram, in effect, canceling the prae- sent contract with Don Martin, P.T.,. who has provided the therapy programs since 1981. According to Martin, starting Aug 1, the Willits Physical Therapy has merged with Empire Physical Therapy and Spine Center in Ukaih and opened an office at 80 South St., in Willits. He and Herman Meadows, P.T. will provide the therapy for the office. . J .. The therapists are affifliated with St'. Mary's Spine Team in San Francisco. Clinics will be conducted once a month with Dr. Arthur H. White and his Spine Team for evaluation and consultation as a referral service for local physicians, they said. BPW sponsors 'Golden Niki Award' The Business and Professional Women's Organization is sponsoring "Employer of the Year - Golden Niki Award", honoring three types of businesses. According to Gail Fillman, chairman of the event, the three businesses include those with more than 100 employees, those with less than 100 employees for government non-government, and individual,? employers. .'•£ The basic criteria, she said, wiu? be advancement and promotion ojff women in the work place for tradi,-.? tional and non-tgraditional jobs..^ Nominations for these awards 1 should be turned in to th'e locaP BPW by Sept. 1. For more informal lion call Fillman at 462-5141. "" PIC loans $3M to area business The Private Industry Council of '• Mgndocino, County ( has provided '• funding for a small business "assis- '• tance program for the fourth spnse- j cutive year through the Mendocino ' Development Corporation. '• According to Bill Lindsteadt, '• executive director, the corporation is a non-profit business assistance- program funded by the county' s pri- ] vale industry council as the official; economic development agency for; Mendocino County. The Corporation received lender' approval for more than $3,000,000 in small business loan applications prepared and submitted for clients in the program year which ended June 30. Approximately half of that has been funded, with the balance primarily waiting Small Business Administration approval, Lindsteadt said. Types of projects varied from, coastal inns to retail stores to light manufacturing and a new brewery and brewpub in Anderson Valley, he said. Utilizing the SBA's handicapped assistgance loan program, tentative approval was received for-a bed anc breakfast inn at Manchester designed specifically for handicapped individuals, the only one o its kind in the state. Purchase a Desktop MtefocuMttt Transcriber AndCftaFREEHandhjU MterocutttttRtcordtr TO GO WITH IT. #5030 Model '389 complete STANDARD CASSETTE MODELS ALSO AVAILABLE GRAND OPENING TRE SALE • GT Qualifier Raised Whiteletter •GT Qualifier HR&VR • SP4's • Truck Tire Sale WHEEL ALIGNMENT with any Dunlop purchase J $20 to $45 value-most cars !' DUNLOP STEEL RADIAL TRUCK SALE I STEEL RAWALS-RAISED WHITE LETTERS' 750x16 8 ply 875x165 8 ply *950x156 SPECIAL FOR fW-UPS * 26x850x14, 6 ply Plus excise. TRI-DUNLOP 950x16.5 8 ply * 10x50x15 6 ply *1150x156 '69.99 LUBE, OIL 4 FILTER The Siangan) 1 5 Ols 30 wt oil 2 NeAlinei 3 Lube 4 Hulait; lues FREE" MOUNTING, TIRE ROTATION, FLAT REPAIR with Tire Purchase 550 Talmage Rd., Ukioh ,jr.,^,.,, (Westehd of Talmage Rd., Overpass) 4a8-9356 'Standard Ring except Lock Rings V SENIORS - 10% OFF ALL SERVICES

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