Nappanee Advance-News, Volume 101, Number 34, Nappanee, Elkhart County, 26 January 1978 — Page 3

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Court recorder

John Pawlowski, who served as court recorder for the opening day of the City of Nappanee vs Terrance Finnigan hearing, amazed those present at the hearing who hadn’t seen court recorders in action before. Even when more than one person was talking at a time, John, who is from South Bend, was right up to date on what was being said and, when asked to read back a question or comment, was accurate right to the “uhs,” and “wells.” John took a two-year course of instruction in Chicago in preparation for his job, and says you don’t have to be a good speller. The machine uses symbols and would compare with shorthand.

Business

Leisure Time reports record sales, earnings Leisure Time Products, Inc., of Nappanee, reports sales gain for year ended October 31, 1977 of 33 percent over previous year and an earnings increase of 3.2 percent. W.P. Marshall, President, reports the Company had net income of $1,538,614 or $.49 per share on sales of $24,728,641 for fiscal year 1977, compared to income of $1,490,798 or $.59 per share on sales of $18,600,546 for the previous year. Average shares outstanding were 3,145,000 for the year ended October 31,1977 and 2,516,000 for the year ended October 31, 1976. Net income for the fourth quarter was $423,565 or $.14 per share on sales of $6,900,787 compared to net income of $378,072 or $.15 per share on sales of $5,289,092 for the same period last year. Marshals states that the sales increase is largely due to increased shipment of automotive conversions, commercial vehicles, factory manufactured housing, and parts and accessories. Recreational vehicles were somewhat adversely affected by the consumers’ uncertainty about energy. Leisure Time had three divisions in October 1976 when National Mobile Home Cities, a public company, was merged into Leisure Time adding Dealer Supply, a subsidiary in Des Moines, lowa. In the second quarter, the Cedar Chalet division was brought on stream and in the fourth quarter, the LTP Far West division was added in California. At year end, there were six operating divisions or subsidiaries with plants in Nappanee, Indiana; White Pigeon, Michigan; Evergreen, Alabama; Des Moines, Iowa; and Fountain Valley, California. Leisure Time is a diversified manufacturer serving six markets with automotive conversions, commercial vehicles, recreational vehicles, housing, component products,and parts supply. The brand names used are Leisure Time, Casual, Far West, LTP, Leisure Van, Casual Van, Cedar Chalet, Leisure Truck, and Fix-Van. Products are sold through approximately 900 dealers nation wide. While net income was up 3.2 percent . at 6.2 percent of sales, it did not keep pace with the increase in sales for the year. Gross margins were, to some degree, adversely affected by unrecovered supplier price increases. Net income was also reduced by the implementation of corporate plans of preparing for additional growth by an increase in manufacturing facilities, selling expense, and general and administrative expense.

Advance-News Photo

notes

Employment news Unemployment insurance claims statewide totaled 71,392 last week, 2,342 more than the week before according to the Indiana Employment Security Division. John F. Coppes of the Division said regular and extended benefit continued claims increased due to previous layoffs in various manufacturing and construction industries. Regular initial claims decreased by 724 to 12,380 as fewer significant new layoffs occurred. All regular claims were 2,166 more at 61,400 and extended benefit claims were 1,098 more at 7,080. Special unemployment assistance claims were 914 fever at 2,878, he said.

Frederick honored at MULIC \ award banquet Midwestern United Life Insurance Company honored its top producers for 1977 at its 30th Leaders’ Award banquet Saturday pight at the Marriott Inn. Highlight of the evening was the presentation of awards and bonuses to those who attended the banquet. Leading the list, of honored salesmen were the top ten pretnium producers for the year and the 42 representatives who each produced more than $1,000,000 in new insurance sales during 1977. The Company’s leader in personal sales was Victor F. Hickman from Fort Wayne, with production totaling nearly $4,500,000 for 1977. Don Grissom, Midwestern’s president, reported that new premium production for 197? was the greatest in the Company’s history and that volume insurance sales for the year exceeded 1976’s by 29 percent. Midwestern United, which was founded in Fort Wayne in 1948, now has more than $1,133,000,000 of insurance in force, and assets totaling more than $190,000,000. Acting as hosts for the Saturday night banquet were officers and directors of MULIC and Varied Industry Plan, Inc., a mutual fund whose shares are offered to the public through MULIC agents who hold securities licenses. The local Midwestern representative honored at this affair was Vance D. Frederick, Nappanee. Mr. Frederick joined the Company in February of 1950 and has been one of Midwestern’s moat consistent personal producers. An Agency Club Member, Mr. Frederick’s new insurance sales for the year totaled more than $1,000,000.

Police log. . .

Three traffic accidents have occurred in Nappanee during the past week, according to reports received by the Nappanee Police Department. One injury was reported. Damages to the vehicles involved was estimated at $1790. On January 15, two cars were involved in a mishap which occurred at 1:21 p.m., on E. Market St. Drivers of the vehicles were Donald R. Hinton, 156

NIPSCO's natural gas supply costs increase

Northern Indiana Public Service Company has been notified by one of its suppliers, Natural Gas Pipeline Company of America, of an annual increase totaling $26,062,224 in the cost of natural gas to NIPSCO under new rates filed by Natural Gas Pipeline with the Federal Energy Regulatory Commission (formerly the FPO. Asa result of this action, NIPSCO today (Thursday, January 19, 1978) filed anew rate schedule with the Public Service Commission of Indiana to recover this increased cost. The filing is in accordance with the Commission’s order of December 11, 1970, authorizing gas distribution utilities in Indiana to pass on to customers increases as well as decreases in the cost of gas supplies whenever they have been allowed by federal regulatory

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S. Clark St., Nappanee, and Jerry L. Krohn, Bremen. Both vehicles were eastbound on Market St., when an unknown vehicle made a left turn into the drive at McDonald’s from the eastbound lane. Krohn, who was behind the turning vehicle, stopped for westbound traffic to clear. Hinton saw the vehicle pulling into what he thought was the wrong

authorities. If the new rate schedule is approved by the Public Service Commission, the average NIPSCO residential customer using natural gas for home heating and other purposes will pay approximately $1.41 more per month or $16.88 per year more for gas service beginning March 1, 1978. NIPSCO residential customers using gas for household purposes, other than home heating, will pay about 33 cents per month more or $3.99 more per year. NIPSCO pointed out adjustments in gas rates to its customers will continue to occur as rates from the utility’s five pipeline suppliers to the Company are increased or decreased by the FERC, and that the trend in these costs continues upward.

Nappanee Advance-News Thursday, January ZS. I7S

lane, the drive at McDonald’s, and when he returned his vision to the traffic ahead, saw the brake lights of the Krohn vehicle. Hinton braked, but skidded on the icy pavement, and hit the rear of the Krohn vehicle. Krohn suffered a whiplash in the mishap. Damages were estimated at $550 to Hinton’s car, and $225 to the Krohn auto. Two vehicles were involved in a January 18, 3:40 p.m. accident which occurred on West Market St. Drivers of the autos involved were Daniel D. Wolkiewicz, South Bend, and Susan D. Risen-Robertson, 754 W. Market St., Nappanee. Risen-Robertson had stopped her vehicle to turn right, and the Wolkiewicz auto struck it in the rear. Damages were estimated at SSO to Wolkiewicz auto, and $125 to the RisenRobertson vehicle. Two trucks collided January 20,12:06 p.m., at 1001 W. Market St. Drivers of the vehicles involved were Curtis R. Sawyer, Shamrock Meadows, Nappanee, and John W. Atkinson, R 2, Milford. Atkinson was driving on Market, and stopped to wait for a vehicle in front of him to make a left turn. Sawyer, also eastbound, and following the Atkinson vehicle, applied his brakes, but was unable to stop, striking the rear of the Atkinson truck. Damages were estimated at SBOO to the Sawyer truck, and S4O to the Atkinson vehicle.

FOR SHELL Courteous Service TEMPLETON OIL CO. No. 1 PRIME WHITE AND SHELL FURNACE OIL Phone 773-7849

Dr. Miller addresses IU graduating class Dr. James C. Miller, 1206 E. Marion St., Nappanee, spoke to the graduating class of the School of Optometry at Indiana University, Bloomington, on January 19. Dr. Miller’s address was entitled, “Solo Practices in a Small Community.”

Wt Will B CLOSED Jan. 28 tbri Fib. 7 Accent Photography Downtown —Nappanee

Will you ever finish moving In? Yeu might net think so when the living room’s still jammed with pecking crates. >ut yeu will-and I can help. As your WELCOME WAGON Hostess I can save you time and money in And brighten up your family with my bosket of gifts. Take a break and call mo Esther Tyler 773-3657 nappanee Welcome Wagon Hostess

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