Press and Sun-Bulletin from Binghamton, New York • 9

Cold Settles In as Fuel Runs Out Energy Shortage: Nobody Acted, Now It's Too Late The Evening Press usiness years. Like most Americans, they probably thought someone would do something before it got serious. No one did. Neither the petroleum industry which has a headlock on most other forms of energy resources, including coal nor the electric power industry, nor Congress, nor the Nixon administration took any positive steps to forestall the shortages that the By LEE HICKLING Gannett News Service WASHINGTON What has happened to Calhoun County, Michigan, is going to happen to a large part of the United States before spring a severe, irremediable shortage of fue. Like most Americans, Battle Creek area residents have been reading about the energy, crisis for several by far.

That is the No. 1 factor in the skyrocketing demand for oil. No. 2 is simply the increased appetite for energy of a growing population with growing demands for gasoline, natural gas, propane, jet fuel and other hydrocarbons not forgetting fertilizers and agricultural pesticides, which are going to be in short supply for the next growing season. That the mushrooming demand for oil, gas and gasoline was going to stretch the sup- country is now staring in the face.

Big oil has been accused of creating the energy crisis. It didn't but it could have done more to head it off. Petroleum companies have not been building oil refineries or expanding old ones lately. They say they can't afford to borrow the money to do it. WHAT THEY WANT is more tax breaks, and now that the problem has reached crisis stage, they expect to get a more favorable reception from Congress on the subject.

The power industry has switched wholesale from coal to oil, because electricity can be generated more cheaply with oil pollution control is easier, plant maintenance less Ex-EJer Starting Firm 12-A system as the energy supply is, is simply colossal." Nelson believes that, long before spring, the fuel shortage is going to drive the Watergate scandals out of the public mind, and will be far more damaging in the long run to the administration. "Michigan, Wisconsin, Illinois and Iowa will each need about 3V2 per cent more fuel than they had last winter," Nelson said. The reason is that last year was relatively mild. "Add to that 6Vz per cent for growth (in population and consumption) and you have 10 per cent." BUT THE COUNTRY'S supply of crude oil is going to be cut, as White House energy czar John Love confided to some senators last week, not 5 per cent as the administration is telling the public but at least 15 per cent, because of the hostility of Arab oil-producing nations. This makes a total cut of 25 per cent, Nelson calculates.

"We are going to be closing down a lot of factories and schoolhouses this winter," he warned. "A lot of people are going to be cold." The federal government still has no priority system for allocating the nation's short ply pinched by inadequate refinery capacity and oil companies' failure to develop new supplies to the breaking point was foreseen by a long list of experts, in and out of Congress. WARiNlNU MUNS began with spot fuel oil shortages as' far back as 1969. Critics like Sen. Gaylord Nelson, say the chief blame for the crisis although there is plenty of blame to go around has to be borne by President Nixon and his administration.

"Their incompetence," Nelson said last week, "on an issue that is as critical to the survival of a free enterprise CHARLES PETRICK Petrick said his seven-member board is headed by Frank Schaefer, Pennsylvania businessman who is chairman of Sun Products, Kingston. Petrick, a Binghamton area native, was with EJ from 1940 to 1960, when he left to become a new products manager and factory sales coordinator for Cambridge Rubber Co. in Taneytown, Md. From 1965 to 1967, he was a plastic manufacturing manager and factory sales coordinator for La Crosse Ruber Mills, La Crosse, then he spent, five years in Buffalo as a. consultant and factory manager.

5. I 1 t2 Anal7 So far, one of the machines has been built and is being used by Hutchinson Rubber Paris, France, to make footwear, Petrick said. A second machine is under construction at the Milford Street site, he said. Petrick said World Molders now has only three employes himself, a project engineer and a part-time welder but hopes to have six workers by early next year and 36 by the end of 1974. World Molders will make the slush molding machines and sell or lease them, in addition to making its own products on the machines, Petrick said.

PETRICK WOULDN'T give details of his financing arrangements, but'said he hopes for capitalization of $500,000 in the near future. He said the company wants to go public eventually. He predicted sales of as much as $2.5 million next year, with $1 million of this from slush-molding machine products, another million from marketing non-company products World Molding agents will sell and $500,000 from sale or lease of the slush molding machines. By DAVE BEAL Press Business Editor A former Endicott Johnson Corp. manager who left the company 13 years ago has returned to Broome County to start his own firm, which will make footwear.

The returning entrepreneur, Charles Petrick, 51, is president of the new firm, World Molders, Inc. World Molders, Petrick said, has taken 8,500 square feet of production and office space at 37 Milford Binghamton, in a building formerly occupied by Universal Instruments Corp. Petrick described the new company's specialty as "slush molding," the process of heating a liquid like polyvinyl chloride and molding it with relatively little pressure into cus- tom-made shapes. Soft, one-piece boots, furniture and many other products can be shaped with the slush-molding machine he designed, Petrick said. BOOTS PROBABLY will be the first products made by World Molders aside from the machine itself, Petrick said.

Soft, one-piece furniture could be next, he said. Wonder Bread Ruling FTC Avoids Ad Suit IBM Seeks to Bar U.S.' Subpoenas IBM Corp. went into federal court yesterday, pro- testing that Justice Department subpoenas served on at least four major competitors threatened "serious dis-ruption" of the progress of a four-year-old antitrust Si prosecution. IBM asked chief judge David N. Edelstein of U.S.

District. Court to quash subpoenas for information served recently upon National Cash Register Hon-eywell. Control Data and Sperry Rand Corp. In the basic civil law suit, now going through pre- trial "discovery" stages, the government has sought to split IBM into several separate competing units as a remedy for alleged monopoly power in the general pur-pose digital computer market. IBM filed documents yesterday as Judge Edelstein convened a pretrial session to check progress, in the massive litigation, which involves millions of docu-ments that may relate to the computer market.

IBM accused the Justice Department of having "embarked on a unilateral program" of pretrial fact-finding that might complicate the case and delay its outcome. Kroehler Earnings Sag Kroehler Manufacturing the Naperville, based company which was a plant at 75 Ely Bing- hamton, said net income for 16 weeks ended Oct. 7 was $761,000 or 59 cents a share on sales of $43.9 million, compared with net income of $1.07 million or 83 cents a share on sales of $38.6 million during the same period in 1972. In The Tier Bankers Trust of Binghamton has received per- mission from the State Banking Department to open a branch in Chenango Bridge, at 603 River Road. Robert J.

Colin of Uniontown, was named dis-trict gas Utilization manager for Columbia Gas of New York's Binghamton District. He succeeds Max T. Crosby, who will be transferred to Columbia Gas of Ohio's division office at Alliance, Ohio. Donald R. Forriter, vice president of Universal In-struments will speak at the Binghamton Area Chapter of the New York State Society of Certified Pub- lie Accountants meeting at 7 p.m.

Thursday in Morey's Restaurant, Town of Chenango. The Price Waterhouse Foundation plans to' give the State University at Binghamton $1,000 to be used during the current academic year for student scholarships or faculty research support in the school's accounting pro- gram. WASHINGTON (AP) The Federal Trade Commission, while ruling that Wonder Bread's maker misled parents and children through trick dug in their heels for several years on opening up new production, because the price of gas at the wellhead is held down by federal regulations to a level that they consider in-fairly low. There is still plenty of gas in the ground, but the gas producers aren't going to tap it until they get what they want deregulation, or at least relaxation, of price controls. This winter's fuel shortage is in large part a result of last summer's gasoline shortage, which in turn was brought on by the previous winter's fuel oil shortage.

When a refinery is set up for the maximum production of gasoline, it makes much less middle distillate and residual product from the crude oil put into it. When it is turning out the maximum amount of fuel oil, it makes less gasoline. LAST SPRING, the ref neries kept making fuel oil ui til they had their winter-der eted stocks partly replenish By the time they had switch over to gasoline, the high-c sumption spring and sumr season was upon us, and gi line was scarce for a to' Then the change back to oil was delayed to reple the gasoline stockpile. The crisis did not overnight. Its onset was gi ual, but unmistakable.

It is too late to avert t. crisis. Now an accounting prfl sumably will be demanded. The people who shiver this winter will want to know why the government and the energy industry let them down. It will be interesting to see what kind of answers they get.

"Big enough to wear my daddy's shoes," a little boy would answer the unseen voice. And before your eyes the boy would put on six years' growth in a few seconds. ITT Continental, makers of Wonder Bread, argued that the spots were mere "television fantasy" and were seen as such by children and adults alike. But the commission, basing its judgment on testimony from opinion researchers, concluded the "advertisements do represent Wonder Bread as having extraordinary properties to produce growth in children." THE FANTASY sequence was one of seven items challenged in the Wonder Bread ads. The commission threw out the other six, as well as a complaint that Hostess snack cakes falsely claimed to be sources of good nutrition.

ITT Continental termed it gratifying that only one of the allegations was upheld and said it would appeal the commission order on the fantasy ads. The commission order would require ITT Continental and its ad agency, Ted Bates and to stop advertising any food product as promoting exceptional growth unless the statement could be proved. PHOTOS BY JOHN J. GUGUELMI store, which opens Nov. 6, 1973 supply of "middle distillate" fuels, which means heating oil, kerosene and jet fuel.

Wholesalers are now supposed to be guaranteed as much as they bought in the same month of 1973. What happens when they pass it out to customers is still entirely unregulated. There are priorities for the allocation of propane now, and these are supposed to be under the direction of officers or agencies appointed by the governors of each state. Residences and farms are supposed to get first call. Low-priority users, mostly commercial, will get what's left, if anything.

WHAT TURNED the Calhoun County situation, for example, from serious to critical, has been the shortage of natural gas supplies by the Panhandle Eastern pipeline company. If it's any consolation to people in Battle Creek, the 8 per cent "shortfall" of gas for Panhandle customers is far from the only one in the country. In fact, it's far from the worst quite a few pipeline systems have supplies that fall one-third or more short of demand. Natural gas producers have photography, has avoided a court test of its authority to require advertisers to undo any false impression created by earlier advertisements. The commission has negotiated agreements with several companies requiring them to run ads explaining that they had misled people earlier.

But the commission has never ordered an advertiser to run corrective ads, even though in the Wonder Bread case announced Monday the commission reaffirmed in principle that it has that power. The five-member commission declared in the Wonder Bread case, over a dissent by Commissioner Mary Gardiner Jones, that the case didn't offer enough basis for corrective ads. THE ADS IN question have been phased out over the past two years in favor of a new campaign pegged to the freshness of bread rather than nutritional qualities. A Wonder Bread spokesman said the company had advertised since World War II that it built better bodies eight ways. The advantage expanded to 12 ways about 1969, when Wonder Bread ftarted the "How big do you want to be?" series.

PRESS aDove escalators ot new ss Beat i mm tfnrMif 1 ume leader, up Vz to 4 on 46,900 shares. TWA warrants were second and rose to 2 on 42,500 traded, and Asamera Oil was third, up to 165s on 26,700 shares. Area Firms The following quotations are furnished by E.F. Hutlon and represent merely an indication of current market value in trading as of about 11 a.m. today.

Bid Allegheny Bank of NY 34' Bankers Trust NY Si'i Becton-Oickinson 39 Bendix 32fc Champion Products Wtk Charter NY 29 Columbia Gas 2534 Crowleys Fays Drugs 6 GAF iimj Gannett 3634 GE 63i Gladding 3 IBM 279 Keith-Clark 10 Kroehler 16V. Lincoln First 24 L.S. (food 4'j Maple Press 2'i Marine Midland 24 McDonough 12' Melville Shoes 19 Morton-Norwich 19 NYSE4G Raymond 20 Robintech 33'i Singer 49 Spaulding 0 Subaru of America 3t Onion '9 Universal Instruments 46 Victory 3' Asked 11 Vi 25' 3'4 9 4'k a 4 '4 Standard, Poors NEW" YORK (UPI1 Standard Poor hourly indexes for Toesday.11941-43 equals 10). 425-lnd 1S-RR 0-Util SOO-Stks Ham. 119 6 347 SO 89 106 45 Noon H9 38 28 50 79 104 04 Prv.

close 118 54 38 31 50 10 105 52 Dow-Jones By United Press International 30-lnd 70-Tr IS-Util tS-Stks am 929 64 177 15 97.97 284 16 Ill lllllll A ,11 1 1 II 1 1 1 1 1 1 1 1 III 1 1 1 11,1,11 1 1 1, III, II ti UI. fill lllllullllllllllll Illllllllllllllllllllllllllllllllllllllllllllllllllllllill PRESS PHOTO BY PAUL F. KONECNY OBJECT OF THEIR AFFECTION. Ed Fish (left), Binghamton businessman and a director of World Molders examines plans for slush molding machine, under construction below drawing, with Richard R. Doig, project engineer.

Company hopes to produce the 55-foot long machines and sell them for more than $100,000 each. Sprucing Up for Oakdale's First Swarms NEW YORK (UPI) -Stocks staged a moderate rebound on Tuesday in the" New York Stock Exchange following one of the worst six-day declines in Exchange history. Trading was Iairly active. The Dow Jones industrial average had gained 9.18 to 928.58 shortly before noon. The average of 30 blue chips had a plunge of more than 65 points in the previous six sessions, and was more than due for a gain, according to many analysts.

Advances led declines, 746 to 441, among the 1,566 issues traded. Noon volume came to approximately 8,000,000 shares, against Monday's 8,040,000 traded the comparable period. Analysts viewed Tuesday's early buying as bargain hunting following more than a week of enormous losses. They noted there was little in the news to account for the buying, adding that stocks hit hardest in the recent selloff were leading the gainers, particularly the chemicals, motors, computers and semiconductors. Leading the actives, West-inghouse added to 31 on 94,400 shares, followed by Federated Department Stores which lost to 37s on 93,100 shares.

General Motors was third, up l'i to 61si on 88,100 shares. The auto giam, a havy loser in recent sessions, Mnnriav announced an in- sJ 1 1 AIA. SIC 1 QQ A1 At "lt.1 FINAL TOUCHES Above, Daniel Scully (left) and Brian Hinger dress a. 12-year-old mannequin at the new Montgomery Ward store, first to open" at Johnson City's new Oakdale Mall. At left, painter Ansella pauses to creased" vear-end dividend of Prices on the Americar.

Stock Exchange gained moderate trading. American Recreation Group was the vol- Net chg 02 -074 -o i 0.79 Pet. cho 0 65 -0 41 0 2 Treasury Balance wash.ngton (apj The cast, ance of the Treasury Nov. I was check rus retieaion in ceinng tomorrow..