The Journal Times from Racine, Wisconsin • 21

tht Journal Tlmi, Tuttday, Aug. 29, 1978 Of Racine, WH Vrf v''A" Federal agemcy warms Ford owraers Business briefs Evans buying rail company Evans Products which owns Racine Steel Castings said It has agreed In principle to acquire Railway Track-Work Bethayres, a manufacturer of rail maintenance equipment. Evans said it will purchase all of Railway Track-Work's stock for an undisclosed amount of cash and promissory notes In a transaction scheduled for closing about Sept. 13. Railway Track-Work, which has three shareholders, makes tie handlers, anchor crlbbers and grinding equipment sold to railroads for track maintenance.

John F. Felten, executive vice president of Evans, noted that the acquisition represents Evans' entry Into the main-tenance-of-way equipment market. Felten, in a press release, said the market bas "grown dramatically In recent years, and the serious need for further railroad track rehabilitation should ensure strong demand well Into the future." Evans manufactures and leases rail cars. The company has a fleet of about 24,000. Based in Portland, Evans also manufactures and leases truck trailers, retails building materials, produced custom-built homes, and manufactures building and specialty metal products.

It (the transmission problem) can otcur." Parrls had this advice for Ford ownert whose vehicles were manufactured be tween 1970 and 197H with C-8 or FMX automatic transmissions: Shut the engine off before leaving the vehicle. Make certain the gear selector Is In the park position. If possible, turn the engine off before putting It In park I'se the emergency brake, "There have been cases where just a slam of the door can move a car Into reverse and sturt It running backward," Par- ris said. The liSA urged other federal agencies to follow lis lead In removing Plntos from their fleets. The government began uslnp Pintos after the Arab oil embargo In 1973.

It was not Immediately known how many Pintos were In the overall government flit't of vehicles, which includes the interagency pool. WASHINGTON (AP) As one federal agency warns millions of Ford owners their vehicles may have lethal transmission defects, another agency Is removing sub-compact Ford Pinto from a federal motor pool until their gas tnnks are rid of potential fire hazards. The National Highway Traffic Safety Administration today issued a consumer advisory bulletin advising about 9 million owners of Ford cars and light trucks they should shut off their engines and make sure the gear selector Is firmly In the park position before they leave their vehicles. The agency said It Is Investigating complaints that Ford automatic transmissions on 1970 through 1978 models have slipped from park Into reverse. It said It has reports of 777 accidents, 23 fatalities and 259 Injuries allegedly caused by this problem.

The investigation could lead to a recall, which would be the biggest in history. "We are pursuing this Investigation on a priority basis and plan to complete It In the near future," said agency administrator Joan Claybrook. In Detroit, John C. Eckhold, director of Ford's auto safety office, said in a statement: "To date we have found no evidence that It (transmission slippage) In fact occurs when the transmission lever has been put properly In the park position. "It is clearly importunt thut drivers of all makes of cars use every safeguard to ensure thut the lever Is fully and firmly en-guged In the park position before leaving the vehicle, und we advise owners in the owner's manuul that the parking brake should always be enguged when a vehicle is parked," the statement udded.

Meanwhile, the General Services Administration, the government's housekeeping agency, says It is removing the 300 Plntos from Its Interagency motor pool because of reports that fuel tanks have caught fire In rear-end collisions. The GSA did not mention such Incidents occurring in the government fleet. While Ford already has announced a recall of 1.3 million Plntos and 30,000 Mercury Bobcats to correct the fuel tunk problem, the NHTSA Is studying possible recall of the 9 million Fords manufactured between 1970 and 1078 to fix the faulty trans-missions. It would be the largest recull in automotive history, Center for Automotive Safety, a private monitoring organization affiliated with Ralph Nader, says 100 accidents und 12 deaths huve been caused by irunsmiv failures in practically all Ford cars with 300cublc-lnch engines or larger and light trucks with engines of 350 cubic inches or more. Ford hus argued that the accidents might be caused largely by driver cureless-ness In putting the shift lever into park The company says there are no flaws In the transmissions.

While the NHTSA's 10-month-old study is expected to be completed next month, agency officials said consumers still should receive today's warning. "We keep getting complaints," suid Hal Parrls, a spokesman for the NHTSA. "While the Investigation is continuing, we wunt to alert people to the possibility thut i Savings flow into up drastically in July Hein board against bid Directors of Hein-Werner Waukesha, have unanimously urged shareholders to reject an offer by Founders of American Investment Corp. to buy 590,000 common shares, 50.6 percent of Hein-Werner's outstanding shares, for $9.50 a share. In a letter to holders, Hein-Werner said the offer is not "representative of the inherent worth of your company and its future prospects." Founders, a company at Springfield, said Its offer will expire Sept.

18. Heln-Werner's board earlier unanimously rejected a private investor's offer to buy Heln-Werner's assets for $11.7 million. "slightly more than the typical July decline," the bourd suid. On a seasonally udjusted basis, the July loan totul was the lowest In more than a year, the board noted. July's loans were down 7 percent from $9.48 billion a year earlier.

It wus the first decline In more thun a year, the board said. the year-eurlier inflow. But the bourd said that on a seasonally-adjusted busts, July's Inflow was the lurgest since late lust summer. The board said the volume of mortgage loans closed fell 21 percent in July, to billion from $11.26 billion in June. This wus tificates with interest rates linked to those of 26-week Treasury bills, the board said.

The certificates have been availuble since June 1. New deposits in July exceeded withdrawals by $2.82 billion, up 62 percent from the June savings inflow of $1.74 billion. The July lotal was down 28 percent from Net savings flows Into savings, and loan associations rose sharply in July from June, aided by recently authorized savings certificates, the Federal Home Loan Bank Board reported. The improvement, the second in a row, "appears to reflect widespread consumer acceptance" of new six-month savings cer Eggs CHICAGO (AP) Mldwert t9 price report -wheletale buying price unchanged Monday; Clat 1-laroo S3; Clan 2-lero 44; medium 41; tmallt 32; itt-run Breaking Dock 44; check! 35. Livestock MILWAUKEE (AP) Monday' cattle market elated tteady.

Gead ta choice tteert 41.00-50. 00; gaad ta choke heifer 44.MMt.00; good Hoi-tein tteert 44.00-47.00; itandard ta law goad tteert and halter 40.00-43.00; dairy heller 42.00-44.00; utility cow 3 cannart and cutter 34.0O-M.M; commercial bull 44.00-41.001 common 41.00-44.00. Calvet: Monday' market dated tteady ta ttrang. Choice calve M.0O-0.00; goad 51.00-44.00; feeder bull calvet 7b.0-0.00; reader hotter calve 0. Hog: Monday market doted .50 lower.

Light and medium butcher 47.00-4 00; heavy butcher 45.00-47.00; light tow 41.00-43.00; heavy taw 3t.00-41.00; boar 30.00 and down. Lambt: Monday' market doted ttrang. Goad ta choice 44.00-52.00; awe and buck 4.00-14.00. Ettlmated receipt tar today i 100 cattle, 500 calvet, 300 hoflt, no neep. Grain futures CHICAGO (AP) Future trading Manday an the Chicago Board ol Trade: pen High Low Close Chg WHEAT 5,000 bu.

Dollar! par bu. Sao 3.31 3.33 1.2 J.31V1 3.24 3.25' 3.24 3.27 3.22V 3.23"4 Dec 3.2 Mar 3.2 Rexnord talks resume Contract talks have resumed in the month-old strike by production and maintenance workers at Rexnord Hydraulic Components division here Negotiators for the company and Machinists Lodge 437 met for nearly four hours Monday afternoon at the behest of the participating federal mediator and were scheduled to get together again at 2 p.m. today. "At least we're keeping them talking," mediator William Kurtz said after the close of Monday's session. The new talks are the first union members rejected a tentative three-year contract Aug.

18 by a vote of 189 to 120. The union's bargaining committee had recommended acceptance. The walkout began July 31, Accounting firm renamed Earl W. Hammill a certified public accounting firm at 201 6th Street, has shortened its name to Hammill 6 Co. and opened an office in Kenosha.

The new office is in the Kenosha National Bank building at 625 57th St. The office is the firm's third, including one at 314 E. Walworth Ave. in Delavan that's open one day a week. Earl W.

Hammill, senior partner, said the name was shortened because many people referred to the firm as Hammill Co. anyway. In addition, he noted, the shorter name fits into the firm's new identifying logo better. Hamill Co. has 40 employees.

The business was founded here in 1929 as L.W. Van Natta Co. Mazda RX-7 price raised Mazda Motors of America, importer of cars built by Toyo Kogyo is boosting the price of its fast-selling RX- 7 sports car for the second time this month. The new increase averages 5.5 percent, or $405 a car. Price of the RX-7 model was raised $345 to $6,996.

The GS model was raised $420 to $7,695. Earlier this month, Mazda raised the price of the RX-7 about 4 percent, or about $275 a car, as part of an overall increase that averaged 3 percent across the company's car line. Mazda attributed the increases to the depreciation of the U.S. dollar against the Japanese yen. The RX-7 was introduced in May.

This month, Mazda boosted its monthly import level to 3,000 cars from between 1,500 and 2,000 and said it will continue to bring in about 3,000 a month through October, when it will consider boosting the import rate again. Evans' Zjaba joins Harris May 3.22Vi 3.23ii J.1'4 J.l'1 Jul 3.11 J.IZ Sep 1.114 Sale Frl: 10,300. Total open Inter-ait Frl. 44,77, up from thun. CORN 5,000 bu.

Dollar par bu. Sap 2.20 2.20' 2.1' 21 Dec 2.25V 2-MVi 2.24V1 J.25" Mar 2.35 2.35 2.13 2.33H May 2.40 2.40 2.3am 2 i Jul 2.4214 2.43'1 2.4IV4 2.4IMI Sap IM'1 2.42H 2.42" 2.42VI Sale 1M15. Total open Inter-att Frl. 114,751. up 373 from Thur.

OATS 5,000 bu. Dollar par bu. Sep 1.J7V 1.27 1.2S 1.25V4 Dec 1.341 1 J7V4 1.3S 1.35'- Mar 1.44 1.44 1.42"J 1.43 May 1.45V4 I.4SVJ 1.441 1.45 Jul 1.47 Sale 12. Total open Interest Frl. ,34, up 75 from Thur.

SOYBEANS 5,000 bu. Dollar par bu. Sap 4.42 6.42 4 it 4.50Vi Nov 4.51 4.51 4.33 4.37V1 Jan 4.57 4.57 t.3Vj 4.42 Mar 4.43W 4.63V1 4.47 6.51V1 May 4.65 6.45 4.50 6.54V4 Jul 4.44 6.65 6.51 6.56'! Aug 6.40 6.42' 6.4 6.53 Sale 30,724. Total open inter-at Frl. 97,44, up 1,424 from Thur.

'aV VVm 'f. "SeW. 1 JT 1 Gold quotes Monday gold price (In U.S. dollar par tray ounce); London, afternoon filing, holiday; Pari, afternoon market quotation, S20I.17, up (0.04; Frankfurt, dated, 1t.4, dawn SO. 12; Zurich, tl.00 bid, up II.

00; New York, Sl.60, up S1.35. Gold, silver SILVER Chicago Mid America 1,000 ounce October 541.t0c per tray ounce; December 54J0c; February, 5S7.0c; April 544.00c Ettlmated alet, 1,175 contract. GOLD Chicago Mid America 33.2 troy ounce September, (1.00; November, S202.M; December 1203.30; March 5207.30. Ettlmated tale: 210 contract. Waldoch Zjaba Albert Zjaba, manufacturing vice president of Evans Products Racine Steel Castings will join Harris Metals Inc.

Friday as manufacturing vice president. Replacing Zjaba at Racine Steel is Thomas J. Wal-doch. Waldoch, who was Racine Steel's foundry manager, becomes manager of manufacturing. He joined Racine Steel in 1965 after graduating from the University of Wisconsin-Madison as a metallurgical engineer.

In another change at Racine Steel triggered by Zja-ba's departure, Peter R. Freund, engineering manager, now reports to the division's president, James R. Dougall, as does Waldoch. Freund, a mechanical engineering graduate of Ohio Northern University, joined Racine Steel in 1974. Potatoes CHICAGO (AP) (USDA) Malar potato market FOB thlpplnf paint U.S.

1A Manday la 10 lb tack: Catered round red 1. 50-. 40; Michigan round white 2.10-2.10; Wit-cantin round white 3.S0-3.H, Wrtceo-tln round red 4 Delaware round white 3.25-3. 54; New Yark round white 1.t7-2-O0; St lb eartont: Texa nergeM Oregon ruttet aeroetdt 10.00-It. 5ti Wathlno-ton ruitet norgetd 10 00-It.

54; Colorado nergeidt li.tt-12.2i Zjaba was named Racine Steel's manufacturing vice president in 1975, when William S. Irvine was Racine Steel's executive vice president. Irvine has been president and general manager of Harris Metals, 4210 Douglas since the start of 1976. The manufacturing vice, presidency that Zjaba fills there is a newly created post. Tf STORE COUPON Now you have three reasons to buy Brim Deccrffeinaied Coffee.

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the sale ol the tpetihec producl an ooon It Mle of the uMrftetl ivoduci ith) i uoon Foreign exchange RQueit you submri evidence tbereol saftsfKtom to jve 400 on either Ground or. when you buy Bid 13 2i' 1H in I2" Aik 14ii 2 fi I3U Franklin CI Martnell II Cars Sla Rita Steam Vena Tech Freeze-Dried Brim. -Just clip the Noohrlng. ...23 23'i 23H mm. 4-'; Loo If NC brim' mJw 8MUH0 an iftiii owo coupon and go back to cups of coffee that are and ftjik Gemrsl Foods uxyxtfm Coupon may wt be iRsf ned.

trrKiiJerred oi wproductd Customer must py any utei 18i Vod wheff tjrohitMted. ted or restrcted by Good wry Cstt vaiue Coupon mN not be tonored 4 prevnted Arougti outside affrxirt. tootm or often wt rvtti dfitrioutors of our mmhendtse or specrfitaiiy ftfued by tfi to prevnt coupons tor For Rdefftption ot property nxetved m) tondted coupon. mrt to Getferil Foods CcrrxatiM. Coupnn tnption Ottce.

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12 JIH 11" Twin Dttc ll -1 Vulcan Mat 34 14 14' i Wettem Pub. lt' It lt' Wit El 21' Wit FSvc 2tH 2010 WIPwrLI 21 11V12IH NC LMT-0NE COUPON PUflCHASt "P1 Thtt coupon pood only on porch of product indtttd Any otfw conniut if ud Bid Ak 7 7 1.40 12.51 13.51 17.52.. I. 15 23 1001 02 20.47 7.54 1.22 107 11 St 10.4) 14.71 N.L. 23 7 N.L.

7.22 N.L. 4.17 N.L. GENERAL FOODS CORPORATION Geneta! foods Corpotation W8 Nkhele Fund Selected Am. Wltcentta Inc.