The Mail-Journal, Volume 26, Number 52, Milford, Kosciusko County, 10 February 1988 — Page 18

18

THE MAIL-JOURNAL —Wed., February 10,1988

WANTED NEWS REPORTER For Expanding Editorial Department General Assignment Reporting And Feature Writing Typing Skills A Must Computer And Camera Knowledge Helpful This Is A Full-Time Position Contact: THE PAPERS INCORPORATED Phone: 658-4111 206 South Main MILFORD ■gfcx 1 I B AUCTION Located north of Syracuse, Ind. on St. Rd. 13 to County Line Road (CR 56), then 1 mile east to CR 35, then '/. mile north. Thursday, Feb. 25, 1988 STARTING AT 7:00 P.M. 85 ACRES REAL ESTATE IN 6 PARCELS IN ELKHART COUNTY, FAIRFIELD SCHOOLS PARCEL 1: 3 Acres located at 72738 CR 35, Syracuse, Ind. This is a 1792 sq. ft., 3 bedroom ranch house that was primarily built in 1985. Gas pulse furnace, 200 amp electric, full basement, 2 car garage, vinyl & brick siding, large deck, stove, refrigerator & dishwasher included. This home is very well landscaped and is very well decorated and taken care of. TERMS: $5,000 down day of auction, remainder upon delivery of Deed & Title Evidence. PARCEL 2 & 3: 3.1 Acre wooded building sites located on north side of County Line Road (CR 56), V 4 mile east of CR 35. TERMS: SI,OOO down day of auction, remainder upon delivery of Deed & Title Evidence on each lot. PARCEL 4: 44 Acres of primarily Riddles sandy loam and a small amount of gently rolling Miami loam. There are approx. 38 tillable acres with an approx. 17 acre corn base. There is an approx. 4 acre wooded area. TERMS: $3,000 down day of auction, remainder due upon delivery of Deed & Title Evidence. PARCEL 5: 5.2 Acres bare building lot located at corner of CR 56 & 133, ’/> mile east of St. Rd. 13 on the NW corner, 435.6x520. TERMS: SI,OOO down day of auction, remainder upon delivery of Deed & Title Evidence. PARCEL 6: 26.8 Acres of Riddles sandy loam and ( ,Brookston silt loam that is approx. 23 acres tillable. This land fronts with 884.4 on CR 133 and has an approx. 8 acre corn base. TERMS: $2,500 down day of auction, remainder upon delivery of Deed & Title Evidence. SURVEY will be paid for by the seller on Parcels 1,2, 3 & 5. No survey by seller on Parcels 4 & 6. TAXES: Prorated at closing based on last known tax amount. AUCTION NOTE: Arrange your financing for all of these or any parcels. The house is extremely nice, the building sites are high and dry and the bare ground is very affordable. Farm ground in Indiana has risen in the past few months and as we see other investments decline in value, bare ground becomes an excellent hedge against inflation. Inspect, prepare and bid on any of these parcels. The owners are certain- . ly motivated to sell these parcels, however, they have the right to accept or reject any or all offers. Any announcements made day of auction take precedence over printed matter. Mr. & Mrs. Richard Workman, aww* Pbem 457-2771 FATHER A SON - AUCTIONEERS Natal Phil Hetai 1407 SRI4N 25471 CR 41 NeppeeM, M NapptaNO, IN 4MH 4MM 219-775-47 M 719-771-M9I

Think Plan ahead — it wasn’t raining when Noah built the Ark. — Record, Columbia, S.C.

Competitive Pay And Benefits Plus Excellent Working Conditions ’ Wes-Tec, Division Os Western Rubber Company Is Seeking Production Workers: NC Operators, Cutter Operators, Bonders, And TFE Press Operators Applications Will Be Accepted FEBRUARY 11 From NOON TO 5 P.M. Only At: Wes-Tec 1493 Gerber St. LIGONIER, IN WE ARE HERE TO HELP! 1 Ann Moerchen.. 457-5626 Jk a Realtor Evelyn Steffen.. 457-4594 O O Q * -JL W Bess Stetler... 658-4683 jF' V jVg 0 Vicki 5t011457-5546 I Todd4s7-3258 - LJ Harlan Steffen Julie Weaver... 457-2181 Broker 4s7-4446 . LOTS OF ROOM L For a family. Sun- ■* porch, full base--WtiM' ment finished. 4 1 JmK&I bedrooms, 2 baths. $89,900 MARINELAND GARDENS 2 bedroom home. 4 Channel boatspace. $47,900 , Extra Lot SIO,OOO fIBW * a AB k 1 ■■■ lake wawasee SYRACUSE LAKE CONDOMINIUM ONLY 2 Bedrooms, 2 Baths, Screened In $139,900 Porch, Fireplace Only $79,900 Ernie Rogers, GR1457-4547 Jeannine Schrock 457-4944 jt Julie Logan Rogers 457-4547 1 Dean Troup6sß-4050 Peg Bailey 457-5648 W?; Gwen Dewart6sß-9675 Tom Prickett 457-5422 I WAWASEE VILLAGE sr.ACUS.LAU ■ U«XTTONLCHE»SHOEs! 4 Bedrooms, 2 Baths, Lots Os Furnishings | 4B Stay With This Home. Call For Appt. ■BBBMBBBBI TODD REALTY FEATURES LAKE WAWASEE Hfclf fl BBHHHBBBBBHBM WBwn .wwii ir.te-l LAKE WAWASEE, SOUTH SHORE COHDO, LAKE WAWASEE CHANNELFRONT, SIMM'S nicely decorated, view from balcony ADO., 3 bedrooms, 1 bath, equipped and screened patio, 3 bedrooms, kitchen, new pier, good starter jacuzzi, tennis court, pier, nice home, $42,500. beach, $229,000. LAKE TIPPECANOE IAU nmCAHOC, OU> MU HAO, 100' LAKI SIFHCAWS, HACK'S LAHDIHG, channelfront, great lake view, 3 lakefront cottage, 4 bedrooms, lakebedrooms, 2 baths, SIIO,OOO. side deck, includes fishing boat, SYRACUSE COMMERCIAL MHBBdi L . SYRACUSE, WOODLAND ACRES, two ad NORTH WEBSYER, commercial pole jacent wooded building lots, each building, 100x400, 6,456 square feet, with 100 feet road front and 165 4 overhead doors. Also 4 mobile feet deep. One of the nicest bed- home sites with septic and water, room communities. $11,500 each. $49,900. B TODD REALTyT" B "JI Chu Het For 21 Hem" ■ wm ZSMiwiMEsmwiAu MqKw.imm.MlBMNCUn taMi HMTM HMU CTW fl IfcZ 457-4417 LH A M.BMM7 WMCIItE

So cheer up! Any person who is always feeling sorry for himself should be. — Herald, Dubuque, la.

Dana announces record sales

Daria Corporation reported record sales of $4,142 billion for the fiscal year ending Dec. 31. The 1987 sales were 12 percent I. ■ M*tii I I ■ « jfea- iy 11

REALTOR

FREE BASIC NURSE'S AID COURSE February 15-19 & 22-26 5:30-9:00 P.M. This community service is offered to those desiring employment and to those seeking the opportunity to learn skills to assist in the care of the elderly. Successful graduates will be given first consideration for employment if desired. Apply in person by February 11. Miller's Merry Manor, Inc. Pickwick Drive Syracuse, IN 46567 219-457-4401 Providing 24 Hour Licensed Nursing Care In Your Hometown = Call Badskey Realty 834-2695 /7 : W~7 S t , l S»-L.a □fe ' 11-T In at 9 2-, is? > cat iOH • Land Contract Terms fef S 2 • Country Living -7 Acres • Stocked Pond • 2 Bedrooms O • 3 000 So Ft Livmo Area •24 x3B'Garage & Shop • New Septic System St 5.3 Bedrooms & 2 Baths -$95,000 .24 S John Kussmaul, Broker — Jerry L. Badskey, Broker, CREAB34-2695 Ann McPartland, Broker, GRI 834-2202 j, Joe Burkhart 834-7419 Becky Wilson 453-4699 SS s Lorene Gump, Broker 834-4069 Phil Wilson, Broker 453-4699 Z Bonnie Kissell, Broker, GRI. .453-4200 Toni Parrish 453-3850 LAST CHANCE TO RECEIVE MOOD FEMTE AND PURCHASE AT 1937 PRICES You must act before March 31, 1988 to receive your SI,OOO rebate on a New Custom Heckaman Home. This is your last chance to select one of our quality built homes designed to your personal life style and receive a SI,OOO check. Visit our Model Home TODAY for full details! THWAITS REALTY 65758 St. Rd. 15 Goshen. 1N46526 PH. 219-533-0404 Authorized Builder (limited offer from i -4-88 to 3-3188)

greater than in 1986 and exceeded the previous high sales record established in 1985 by almost four hundred million dollars. Net income for 1987 was $144.4 million or 68 percent above the 1986 profits of sßs.9million. Earnings per share for 1987 were $3.30 compared to $1.68 for 1986 which represents a 96 percent increase for this year over last year. Aftertax earnings for 1986 were reduced by $42.7 million or 84 cents per share because of write-offs that occurred primarily in the third and fourth quarters, which were partially offset by a one-time gain of $9.4 million from the company’s leasing operations due to revisions in Federal tax law. Fourth quarter 1987 sales were a record $1,076 billion. Net income for the quarter was s2l million, or 54 cents per share. Earnings for the fourth quarter reflected the company’s adoption bf Financial Accounting Standards Board Opinion 96 which deals with deferred income taxes. The adoption of FASB 96 also caused a restatement of the results of the first three quarters of 1987. Earnings after tax through Sept. 30, 1987, which were previously reported as $111.6 million, or $2.50 per share, were restated as $123.4 million, or $2.76 per share. Comparative sales and profits for the fourth quarter of 1986 were $866 million and SIOO,OOO respectively, and earnings per share were four cents. The company made other yearefitf adjustments that, together with the adjustments made to comply with FASB 96, reduced 1987 earnings by $6.6 million or 14 cents per share. Those adjustments included after-tax restructuring charges of slß.l

million which included plant closings, plant downsizings, and relocation of manufacturing assets. The company also took a $17.9 million after-tax charge for writing down to market value certain property owned by-a subsidiary, Summey Building Systems. The company reported one-time gains of slO.l million after-tax as a result of the changes in accounting for income taxes and $19.3 million after-tax from the sale of a wholly-owned subsidiary of Dana Commercial Credit Corporation, Dana’s leasing operation. Earnings per share for 1987 reflect the results of Dana’s stock repurchase program. That program reduced the number of outstanding shares at year-end 1987 to 40,648,433. Shares outstanding on Dec. 31, 1986 were 44,617,297; down from approximately 56.5 million shares before the repurchase program began in November, 1985. Gerald B. Mitchell, Chairman and CEO, said, “One year ago we stated that 1986 was a transitional year for Dana Corporation, a year that would put us in a string competitive position in our various markets in 1987 and beyond. Our performance for 1987 bears out those forecasts. Our record $4.1 billion in sales for this past year and our 68 percent increase in net income reflect our strong performance in all our domestic and international markets. Performance in each of our markets exceeded that of the previous year. The key to our sales growth,” Mitchell continued, “was market penetration. We exceeded the industry growth trend in all our markets. “Sales of original equipment components to our highway vehicle market exceeded two billion dollars in 1987 for the first time in our history,” said Mitchell. “Just ten years ago, our total sales were approximately what we sold last year to this one market. Within our highway vehicle market, sales of Dana parts in 1987 to manufacturers of light trucks were up 13.6 percent while the market for light trucks advanced 1.4 percent. The medium truck market grew by 3.8 percent in 1987, and our growth in that market for the same period was 4.2 percent. The heavy truck market had the strongest growth with an increase in retail sales of Interested In A FULL TIME CAREER : In Real Estate? At Coldwell Banker, Only The BEST Will Do CALL: COLDWELL BANKER Beer Realtors 457-4495 j A MEMBER OF THE SEARS FINANCIAL NETWORK BEER, o REALTORS | 457-4495 | NEW LISTINGS • Excellent starter home in Syracuse remodeled and redecorated in the past 3 years. Features include new siding and screened in porch. $39,900 • 50 acres — 38 tillable. 12 acres with woods on Syracuse-. Milford Road. $60,000 • Be the lucky first owner of this 3 bedroom, 2'/x bath home in Fox Run Addition. Other features in the prestigious home are Inefficiency furnace, insulated doors, maintenance free exterior, fireplace, basement and more. $129,900 • Good business in Syracuse Village — 6 tanning tables, low machine maintenance and good income. $25,000 • Ogden Island channel building lot with a view of the lake, new seawall and boat lot and 1,500 gallon holding tank. $27,200 • Impressive looking 4 bedroom, 3 bath home on 5.7 acres in the country offering 2 fireplaces, lovely setting, large garage and good post barn. $69,900 An Independently Owned And Operated Member Os Coldwell Banker Residential Affiliate, Inc.

RN'S - IPN'S Part-Time 3-11:30 p.m. and 11 p.m.-7:30 a.m. shifts available. Facility has skilled and intermediate levels of care. Excellent benefit package. Health insurance, bonus days, educational opportunities and more. Apply in person. Miller's Merry Manor, Inc. Pickwick Drive, P.O. Box 8 SYRACUSE, IN 46567 219-457-4401 Providing 24 Hour Licensed Nursing Care |n Your Hometown

16.3 percent; while sales of Dana components into that market during 1987 increased 27 percent. We clearly out-performed aH sectors of the highway vehicle market. “It is particularly gratifying that our growth continued in our other markets as well. Worldwide consolidated sales of Dana replacement parts into the automotive distribution market increased 13 percent over 1986; and sales to the truck parts distribution market increased 4.3 percent. Dana’s 1987 sales in the mobile off-highway market and the industrial equipment market increased 6 percent and 10 percent, respectively. Again, in each case, Dana performed better than the market. “Dana’s international operations reported sales for 1987 that were 15 percent higher than in 1986. This reflects the improvements in the international markets in all of our global regions and the effects of the international reorganization we started in 1981, coupled with the weaker U.S. dollar. “We continue to refine our financial services operations and, as a result, those operations are contributing more to the success of the company. We will see further refinements during 1988 when we conclude the sale of several Diamond Savings and Loan branch offices and of our Summey manufactured housing operation,” concluded Mitchell. Southwood J. Morcott, President and Chief Operating Officer, said, “During 1988 we will continue our restructuring programs which focus on opening small, flexible manufacturing plants and regional assembly centers. Nine such facilities were either opened or announced during this past year, and we have plans for additional facilities during 1988 and beyond. These regional facilities are located close to our customers and react quickly to market changes and customer requirements. They have played an important role in our improved 1987 results.” Leesburg alumni banquet May 21 The 1988 Leesburg High School alumni banquet will be held May 21 at the Shrine Building located at the Fairgrounds in Warsaw. The classes of 1938 and 1963 will be honored. Officers of the alumni association are Sandra Allen, president; “Mac” Silveus, vice president and Sue Charlton, secretary. ANSWERS ACROSS: DOWN: 1 Edam 1 Eva 5 Rope 2 Del 9 ERA 3 Attorney 12 Veto 4 Moore 13 Idea 5 Ripe 14 Nob 6 Odor 15 Alto 7 Per 16 Porthole 8 Eaten 18 Order t 9 Enos 20 Easel 10 Role 21 Pared 11 Abel 23 End 17 Had on 24 Rin 19 DDE 25 Evil 21 Prom 28 Obis 22 Aida 32 Oder 23 Else 34 ACs 26 Vast 35 Nest 27 Ice 36 Mayo 29 Beanpole 37 Seer 30 Isle 39 Alla 31 Star 40 Apt 33 Roast 42 Inner 38 Rio 44 Erose 41 Pecan 47 Troop 43 Nones 49 Suitcase 44 Esau 51 Nome 45 Rues 54 Aes 46 Oise 55 Alan 47 Tsar 56 Elan 48 Reno 57 Use 50 Ale 58 Nero 52 Mat 59 Sets 53 Ens ! IMMEDIATE OPENINGS! Experienced, Motivated MH and RV Workers for Fairmont & Gulf Stream $730.00 Per Week I Morel PLUS YEAR-END PRODUCTION BONUS! Cor. of Hwy. 6 & CR 7. Nappanee See Andy or Call 219/773-7767