The Mail-Journal, Volume 10, Number 15, Milford, Kosciusko County, 9 May 1973 — Page 4

THE MAIL-JOURNAL — Wed., May 9,1973

4

Open real estate office on South Shore, Lake Wawasee

Richard E. Beaty, president of Beaty Associates, Inc., has announced the recent opening of a new real estate office on the south shore of Wawasee. Beaty Associates, Inc., will offer a full range of broker services including lake homes, residential, farms and commercial sales in the northeastern Kosciusko area. Beaty is also owner of Beaty Associates, Realtors, in Huntington where he has been actively engaged in his own agency for 15 years. He holds a degree from Purdue university and is a graduate of Indiana Realtors Institute and a member of national and state Real Estate Associations. Beaty was the 1972 Realtor of the Year of the Huntington County Board of Realtors where he has served as a past president. Daniel L. Stephan has been named manager of Beaty Associates, Inc. He js a 1969 graduate of Ball State and has been engaged in sales for

It Happened In . .. Milford, Indiana Item Taken From The Files Os The Milford Mail

14 YEARS AGO, MAY 14,1959 The Home Arts club met at the home of Mrs. Ed Jonasch Tuesday afternoon with 13 members, five children and one guest present. Mrs. Amelia Salinas entertained the young people of the Church of the Good Shepherd Sunday evening at her home. Mr. and Mrs. Paul Buhrt of southeast of Milford held an open house in honor jof their 50th wedding anniversary at their home last Sunday afternoon. Mrs. Dale Stump was hostess to the Past Presidents “Parley of local unit 226 of . the American Legion Auxiliary ' Monday evening. The First Brethren church held its Mother and Daughter banquet on Thursday evening of last week. Variegated arrangements of lilacs and lavender candles graced the tables for the annual Sorosisdclub spring anniversary party held Monday evening. The Syracuse-Wawasee Chamber of Commerce met Tuesday night to discuss the potential growth of the area. Mrs. James Kitson was hostess to the Bethany Home Demonstration club Thursday with a carry in dinner at noon. The Junior Auxiliary met Tuesday after school at the legion with 12 members present. There will be a regular soc hop Saturday evening at the community building. Some 60 kindergarten pupils in caps and gowns will receive their diplomas this Friday in the old gym at the Syracuse high school. 24 YEARS AGO. MAY 12,1949 Baccalaureate services for the class of 1949 will be held at the Christian church Sunday evening at 7. Mr. and Mrs. Lawrence Beer of r 2 Milford are the parents of a daughter.

Ray Buhrt GENERAL CONTRACTOR Residential & Commercial Building Phone: 457-3431 Road 13, Syracuse GAS FOR LESS Where Service Is Our Business 'Come On Out And See For Yourself Star Sales Co. ‘Across From Wawasee Bowl’ Dick Lehman Ph.: 457-3287 Syracuse

\ Jl 6 'I DANIEL STEPHAN the past three years. Stephan’s wife, Linda, will also be active on the sales staff. Mrs. Stephan has attended Ball State university and has worked for

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John E. Michael is one of the seven Kosciusko county students at Purdue university to be on the distinguished student list for the first semester of the current academic year. The Tuesday night Women’s Bowling League banquet was held at the Sportsman’s Club at Beaver Qam Lake on Tuesday evening of last week. About 200 persons were present Tuesday evening at the community supper sponsored by the Lions club. The newly remodeled Christian church will be dedicated on Sunday. Mr. and Mrs. Joe Sunthimer entertained their bridge club on Saturday evening. The annual Mother-Daughter meeting, sponsored by the Woman’s Missionary Society of the First Brethren church, was held Thursday evening. Mr. and Mrs. Donald Fox and daughter spent Mother’s Day with his parents, Mr. and Mrs. Jacob Fox. Mrs. Royce Biller, Kendall Biller and Lyle Biller spent Friday in Fort Wayne. Thousands of poppies to be sold on Poppy Day are being made by disabled veterans at the Marion hospital. Mr. and Mrs. Dean Troup have moved into the new apartment in the John Saylor residence. 30 YEARS AGO, MAY 13,1943 Milford and vicinity have been having excessive rainfalls this spring which has very much retarded farm work and gardening. According to a recent survey, 19 per cent of last year’s Hoosier strawberry consumers may have to eat their shortcake without the berries. More than 100 librarians and library trustees of northern Indiana will meet at Winona Lake June 1 and 2 for their annual

M 1 W J LINDA STEPHAN over three years at the Huntington Herald-Press. The new office is located in the lower portion of their residence on old St. Rd. 8 at r 3 box 125 Syracuse.

institute session. Cpl. and Mrs. Charles Rowe left Monday for Kentucky after spending the week end with her parents, Mr. and Mrs. C. R. Shuder. Twenty-nine Kosciusko county men were inducted into the U.S. Army at Toledo, Ohio, last Saturday. Albert Henry Bird and Joe Ruch are among the 22 residents of Kosciusko county who have completed a course in engineering drawings. The Win-A-Couple class of the Christian church met in the church basement Sunday afternoon for a pot luck dinner and * their regular class meeting. Russell Homan and son Eldon are at Winamac working for Phend and Brown. Guest day for the Home Economics Busy Bee club will be Friday afternoon. Miss Anna Rodibaugh entertained at a dinner Sunday for Mrs. C. E. Young and Mrs. A. B. ‘ Groves. 40 YEARS AGO, MAY 11,1933 It has been announced that the Bremen high school band will give a half hour concert at the World’s Fair in Chicago on Tuesday, July 25. Due to the increase of production in the breweries, several towns have reduced the price of beer to ten cents a bottle. Payment of poor relief claims have- been discontinued until money is available it was an- f nounced at the auditor’s office. A new state law has been passed that all busses used to transport school children will have to be painted orange before they can be used for transportation purposes. Peppermint growers in this vicinity had a brighter outlook for the spring of 1933 than they have had for the past two years. A Virginia man has succeeded in crossing a cabbage with an onion. What will he name the cigar? Mr. and Mrs. Ray Bray are the parents of a baby daughter born Wednesday morning. Miss June Coy went to North Manchester last Thursday to be the guest of her sister, Miss Florence Coy, who is a senior student at the college there, for ten days. « Mr. and Mrs. John Robinson entertained their bridge club at a picnic supper Thursday evening. The Home Arts club met on Tuesday afternoon with Mrs. Harry Martin. Leaves Friday for basic Michael Coy, son of Mr. and Mrs. Wayne Coy of Syracuse and who has been on inactive status, has been sworn into the air force and will leave May 11 for basic at Lackland air base, San Antonio, Texas. His advanced training will be in mechanics. His wife, Yvonne, and young son will reside at the Wayne Coy home until basic is completed after which they will join Michael at his base station.

Wawasee Insulation R. 3 — Syracuse Blown Fiberglds Insulation Commercial And Residential New Construction Rates Phones: 457-3584 457-3425

Robert Bell receives CPM scholarship Robert Bell of 218 W. Portland, Syracuse, was one of. more than 1,000 outstanding students at Indiana State university who were saluted at a special honor day convocation last Thursday in Tilson music hall. He received a Chasteen Pickerl Memtrial scholarship. President Alan C. Rankin told the young people, their parents and friends assembled for the occasion that “human fulfillment is the real purpose of education.” The president made the special presentations. Dr. Carl Hicks, assistant dean of the school of business, spoke to students in the audience pointing out that they can create their own future by setting goals that they really want to achieve and working conscientiously to achieve them.

Announce Dietary Department innovations for new hospital

The Kosciusko Community Hospital board of directors has announced the finalization of major plans and policies of the new 113 bed medical facility’s dietary department. Recognizing the importance of attractive, tasty foods and timely service in the total care of the patient, the department is being designed for maximum flexibility and patient satisfaction. The KCH dietary department will be staffed by an American Dietary Association recognized dietitian who will be responsible for all meal planning and preparation. She will supervise a total of 18 food service employees, including five professional cooks. Both the regular patient meals

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and the special diet meals will be served from a menu with several choices of each entree item. Each meal will leave the kitchen in unique trays that will contain hot foods on one side and cold foods on the other. The trays will be delivered to each floor in special carts that will keep foods on the warm side of the tray piping hot for up to 24 hours while keeping ice cream on the cold side of the tray in a solid state for the same length of time. In addition to the patient’s food service requirements the dietary department of Kosciusko Community Hospital will also operate a cafeteria for the hospital staff which in itself is expected to reach 260 full time employees.

Monarch sales plateau as costs cut earnings

Monarch Industries, Inc. (OTC), manufacturer of mobile homes and fine kitchen cabinets for conventional homes, experienced a leveling of sales in their first nine months ending March 31, as compared to a year ago. Net earnings for the current nine months period were $.03 per share (including extraordinary earnings of $.09 per share) as compared to $.lO per share a year ago. Net loss for the current quarter was $.12 per share as compared to S.OB per share a year ago. “While our prices were increased during the current quarter to meet the rising expense of materials, they were not sufficient to keep ahead of rapidly rising costs,” said Richard C. Mynsberge, president, in reviewing the current quarter results. For the current nine months, Monarch reported sales of $23,840,375 compared with $23,930,979 in 1972. There was a net loss before extraordinary items of $59,160 or $.06 per share compared to net earnings of $96,454 or $.lO per share in 1972. In the preceding six months of the current fiscal year, the repurchase of convertible debentures and the net effect of the company’s sale of a plant in Howe, Indiana, combined to provide extraordinary income of $88,564 or $.09 per share. This brought net earnings to $29,404 or $.03 per share based on 973,838 shares outstanding. In the year earlier shares outstanding were 988,018. For the third quarter, sales of $6,250,675 and a net loss of $115,546 or $.12 per share compared with sales of $6,023,877 and

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a net loss of $79,290 or S.OB per share reported for the year before. It should be emphasized that most of the company’s mobile homes are sold in the Midwestern part of the United States where mobile home sales are usually greatest in the spring through fall period. The results for the above interim periods are not necessarily indicative of the results to be expected for the entire fiscal year. “Escalating material costs continue and we have been forced to put in additional price increases in April,” reported Mynsberge. Selected Balance Sheet Accounts As Os March 31 1973 1972 Current Assets $5,901,226 $5,929,864 Current Liabilities 2,274,749 3,238,269

MR MICHIANA INSURED BONDED P PREPAINTED ALUMINUM CONTINUOUS GUTTERING SERVICE 533-6373 607 W. Plymouth Goshen, Indiana

Working Capital 3,626,477 2,691,595 Long Term •Debt 2,795,978 2,485,626 Shareholders Equity 2,771,969 2,614,412 Two from county VU graduates Two young men from Kosciusko county will be graduating this spring from Vincennes university. They are Daniesl Edward Pachynski of Leesburg and Herbert Lee Reuter of Milford. Pachynski will receive his degree in data processing while Reuter received his degree in agriculture.