Press and Sun-Bulletin from Binghamton, New York • 11

Energy Crunch Could Spark Automotive Renaissance Tin: Evening Phkss 20. 1973 U-A rector and executive vice president of Campbell-Ewald, the sprawling Detroit-based advertising agency that handles General Motors' largest auto division: Chevrolet. II is job hasn't changed his dispassionate attitude toward the auto industry; it hasn't made him a running dog of the Motown establishment. UK SAYS that the energy crisis may be a blessing for the auto industry, that it could jerk some automakers from their linear approach to building cars. "I can't believe," says Davis, "that car producers won't get over their current shell shock condition and that they aren't destined to respond more enthusiastically and constructively to the soon will begin shoving the revolutionary W'ankel rotary engine under hoods of its autos.

THERE'LL be some mistakes made during the renaissance period, Davis predicts. Automakers might build something like a latter-day version of the old Chrysler airflow of the 1930s. It was ah advanced car in some ways, but a commercial failure. "Somebody's going to do another airflow, but the point is that there exists today a potential for explosive growth along new lines in the auto business," Davis says. "Auto critics forget when rapping GM that it has some pretty bright guys creative, volatile individuals like Ed Cole (GM's president) who will surface." ment comes from universities and colleges.

There, the only avenue for advancement is to have something published. Pipe-sucking professors can hammer out any kind of nut-ball thesis about cars and they just know that their writings will be well received by their peers." Davis thinks that the popularity of small cars will continue to escalate because, he says, there simply is "nothing else quite like them." His house is rather old and has a two-car garage. The garage stalls are so small that today's large American autos can't fit into them. "I drive a van and a 1940 Chevy pickup truck," he savs. "It's the best damn 1940 Chevy pickup around, and it gives terrific gas mileage.

The way things are now, I wouldn't consider selling it." DAVIS DOESN'T see all that much hope for mass transportation systems replacing the new world generation of automobiles, some of which could be built by new, independent car producers. The old Buck Rogers scenario calls for monorail systems darting through glittering, futuristic, pollution-free cities, but Davis scoffs at all this, considers it the stuff of wild-eyed visionaries. "SOME unrealistic pro-mass transit, anticar sentiment comes from New York, but just look at that city," Davis says. "It's the least automotive of American cities. "Of course the car doesn't work there.

Nothing works there. America is a lot more Sheridan, than New York City. "The bulk of anticar senti By DAN JEDLICKA Chicago Sun-Timtl DETROIT Auto executives, nervously swiveling on thickly padded chairs in their offices, are bleakly regarding the energy crunch as a nefarious, debilitative body blow right to the gut. But David E. Davis Jr.

doesn't see it that way. Davis, who resides in the former home of an auto industry magnate, is a tall, genteel man who served as editor and publisher of Car and Driver Magazine in the 1960s and turned it into a highly-literate publication whose often biting, sometimes satirical assaults on inane cars and ridiculous auto industry machinations grab readers who usually never glance at car magazines. DAVIS NOW is creative di DAVIS SAYS he has believed, since he entered the auto publishing field in 1957, that an automotive renaissance has been hovering list on the horizon. "Things like federal regulations have forestalled it, although it has nearly surfaced several times since then," he says. "But automakers soon will burst out.

I think we'll see hellishly exciting developments very shortly with cars." A crisis historically has caused automakers to rethink things, and there's all sorts of advanced technology laying around Detroit that can be utilized to build turbine-powered cars, "mini autos" that are smaller than current sub-compact cars and light, inordinately functional vehicles partly made from exotic materials. In fact, GM and American Motors will introduce in the near future mini cars, and GM Reynolds Road Going Commercial nit, 1. 1 inn, JC Developers Competing for Tenants ware County Federal Savings pint center. However the Dittrich said that the Ithaca Loan has also in- Delaware County has not branch is just the start of dicated an interest in a site submitted any application for important new action. He sees that is part of the new shop- a branch office.

the two centers working to gether to create a huge shopping area along both sides of Reynolds Road from Harry L. Road to Fairview Street. il was also at the groundbreaking today, agreed with Randall. Johnson City's second major new shopping plaza, the one on the east side of Reynolds, is still in the early stages of planning. Leases are being negotiated with a group of tenants, but Randall said he doesn't have any idea how many stores will be included in the plan.

He added that if a major department store showed interest in the site, he would go after it. A spokesman for Thorne Real Estate, which is negotiating on behalf of some owners of properties within the plaza, said the prospective tenants include a discount department store, a supermarket, a national steak house, a motel, a drug store, a card shop and a dry cleaner. The intended plaza area now covers about 20 acres, with expansion a possibility. On the other side of the street, Oakdale Mall spreads across 70 acres, and is expected to have about 100 stores. The Ithaca a free-standing building is scheduled for completion by March 1974, said James M.

Cirona, president. The Savings and Loan will employ five persons, Cirona said. ANOTHER BANK, Dela- I By STEPHEN CARPENDER A battle by two development groups for prospective shop-: ping center tenants appears to be in the marking in Johnson City, though representatives from both groups are soft-pedaling the competition. The two shopping centers are on either side of Reynolds Road north of Harry L. Road in Johnson City; One, Oakdale Mall, saw its first sales earlier this month when Montgomery Ward Co.

opened its new Store. The other, as yet without a name, got its start this morning when the first dirt was turned for construction of Ithaca Savings Loan Association's new Johnson City branch. "We are talking with a lot of the same people that they are over there," said Donald Randall, waving his arm at the Oakdale Mall site on the west side of Reynolds Road. Randall, one of several land owners putting together the development to include the Ithaca on the east side of Reynolds Road, was talking as businessmen gathered at the site for the groundbreaking. BUT THEN Randall added: don't see a battle of the malls, if anything, the two centers will help each other." B.

Worth Dittrich, the realtor who put together the Oakdale Mall land package and Restaurant Out; Gas Unavailable Pancho's Pit in the Riverside Drive Plaza in Johnson City has canceled plans to open a second restaurant in the old Press Building in downtown Binghamton be- cause of the energy shortage. Thomas Francavillo, owner, said that due to re- strictions he was not able to obtain a contract for gas. "We must have gas for our particular type of busi- ness," he said. The expansion plans called for use of the first floor of the Press Building, 19 Chenango Binghamton. "Everything is up in the air now," Francavillo said.

At present, Pancho's Pit has no other expansion plans, he added. Bus Rates Up Tomorrow Greyhound Lines will increase its bus fares within New York by 10 per cent and in some cases more effec- tive tomorrow. Under the rate increase, granted six days ago by State Transportation Commissioner Raymond Schuler, round trip fares will rise slightly more than 10 per cent. The bus firm, which serves Binghamton, received its last intrastate raise in 1968. In the Tier Robert L.

Estep, youth director of the National Al- liance of Businessmen in Broome, Tioga, Otsego and Chenango Counties, is on loan from his employer, Co- lumbia Gas of New York, and remains on his em-ployer's payroll, rather than on leave of absence as re- ported in the Sunday Press. George K. Moyer, vice president of Thorne Real Estate, and former executive vice president of the Broome County Board of Realtors, has been named a member of the Temporary State Commission on Emi- nent Domain. Moyer, an Endwell resident, succeeds Ralph Borchard of Rochester. PRESS PHOTO BY JOHN BOLAS JR.

STANDING IN THE SHADOW James M. Cirona (left), president of the Ithaca Saving Loan talks with Donald Randall, one of the owners of the new Johnson City shopping center where the Ithaca institution broke ground this morning. In background is new Montgomery Ward store at Oakdale Mall, another shopping center just across Reynolds Road. Lydia Pinkham Factory Closing McDonough Net Reaches Record lliillllltllllhi III MARKET. ipun i 1 1 nil iii, mi iBAR-OMETER day, annual sales hit $3.8 million in 1925.

Now they're around $600,000. But the company had only two unprofitable years. Lydia Pinkham started making the medicine as a favor for her friends. But after ter, nut-like flavor with a faint aftertaste of licorice. "Your initial reaction is to screw up your face," said Hermon E.

Smith, another of Lydia's great grandsons who tastes every batch. During the mixture's hey her husband lost everything in the crash of 1873, a visitor who had driven up from Boston insisted on paying for a batch. She was struck by the idea of putting it on the mar-ket, and the family business' began. or $1.74 a share from $6.40 million or $1.59 in the comparable months a year earlier. Sales for the nine months climbed to $184.7 million from $173.9 million.

"This is the seventeenth consecutive quarter the company has reported quarter to quarter gains in net earnings," Martin said. "Most divisions of the company continued to show earnings gains for the three months ended Oct. 31. Had it not been for a loss experienced in the company's ready-mixed concrete operations, the quarter's results would have been well above the outstanding gain of 18.9 per cent actually reported." McDonough parent firm of Endicott Johnson today reported an 18.1 per cent increase in net earnings for the third quarter ended Oct. 31 to a record $2.69 million or 67 cents a common share from $2.28 million or 57 cents in the comparable 1972 quarter.

Particularly good gains were made by EJ's wholesale' and safety shoe division, said Donald Martin, McDonough Co. president and chief executive officer. Third quarter sales also reached a record, rising 5.4 per cent to $63.4 million from $60.2 million, Martin said. The quarter results raised earnings for the nine months ended Oct. 31 to $6,95 million Allied Chemical, DuPont and Dow each dropped a point or more.

Stocks also faltered in active trading on the American Stock Exchange. Leading the actives. Champion Home Builders fell to 3 on 123,900 shares. Houston Oil Minerals was second, up to 51 on 52,800 shares, and TWA warrants were third, unchanged at on 45,800. N.Y.

City Approves Con Ed Oil Burning III i 'W' 'A -k 1 rf I f'f I 'v 1 nt 1 LYNN, Mass. (AP) For generations of middle aged women, the face of Lydia Pin- kham has smiled down from the labels of dark bottles of patent medicine lining the top shelves of neighborhood drugstores. Now, after 87 years, the old brick factory that has faithfully churned out the vegetable compound for "women's troubles" is closing. Even though the old time medicine will continue as a subsidiary of a New Jersey pharmaceutical company, Lyida Pinkham's kin are out of the business. The bitter concoction "revives the drooping spirits, gives elasticity and firmness to the step, restores the natural luster to the eye and plants on the pale cheek of the women the fresh roses of life's spring and early summer time," boasted one of its early ads.

LYDIA'S GREAT grandson, Charles Pinkham, puts the medicine's value a bit more bluntly. "You probably won't want to print this," he said, "but it's used for the relief of symptoms of painful menstruation and change of life." Pinkham was treasurer of the Lydia E. Pinkham Medicine Co. before it was sold to Cooper Laboratories, Inc. Now he's helping to close up the rambling, six-building factory.

"The medicine seems to work," says Pinkham, who is cautious not to overstate its powers. "It's a combination of herbs. You check them separately, and they won't do anything. But all together, they seem to produce results." The ingredients are licorice, camomile, pleurisy root. Ja-macia dogwood, black cohosh, life plant and dandelion root.

At one time it was 18 per cent alcohol, but that was cut to per cent when the federal government wanted to classify it as a beverage. THE MEDICINE has a bit NEW YORK (UPI) Pessimism over the energy crisis and the recession that could result next year sent stocks lower across a broad front Tuesday -on the New York Stock Exchange. Trading was heavy. The Dow Jones industrial average had slid 8.50 to 854.16 a few minutes before noon. The decline in the index of 30 blue chips followed a loss of 28.67 points Monday the worst in more than a decade and the fifth largest fall in Exchange history.

Analysts attributed that decline to the same energy related problems that were plaguing Tuesday's trading through the noon hour. Declines far outdistanced advances, 1,169 to 174 among the 1,635 issues traded. Selling pressure increased considerably from the previous session. Noon volume totaled more than 9,000.000 shares, compared with Monday's 7,540,000 traded the same period. Confusion over the Arab oil embargo and heavy profit taking resulted in big losses for the oil group.

Superior Oil, a highly-volatile stock, dropped 11 Va, Getty 534, and Exxon 2'2. Auto stocks and issues associated with motoring also lost ground. General Motors dipped l'i, Walt Disney 24, and Ponderosa Systems Ohio Edison was the volume leader, off to 197s on 77,700 shares. McDonald's another issue standing to lose from decreased auto travel, was second, off a point at 54 on 73,400 shares. Monsanto was third, gaining 4 to 55Vi on 68,200 shares.

Other chemicals extended a long string of declines attributed to the adverse effects an oil and petroleum shortage might have on the Area Firms The following quotations are furnished by E.F. Hutton and represent merely an indication of current market value in trading as of about 11 a.m. today. Bid Asked Allegheny 6'4 Bank of NY 33 33' Bankers Trust NY 4Ti Becton-Dickinson 38 -i Bendix 27 Champion Products 14' 15 Charter NY 28 Columbia Gas 27' Crowley's 4- 4'b Fays Drugs 5' 6 a GAP 10:4 Gannett 29'-4 GE t2Vt Gladding 3't IBM 271 Keith-Clark 9 10 'a Kroehier 13'e Lincoln First 22 Good 3 Maple Press 2 i 3'i Marine Midland 23H McDonough 11 Melville Shoes 13'- Morton-Norwich 20.4 25 Raymond Rodmtech 24 Singer Spauiding a Subaru of America 314 4'4 Union 8 Universal Instruments27'-j 29 'a Victory 4 Standard, Poors NEW YORK (UPI) Standard Poor's hourly indexes for Tuesday. (1941-43 equals 10) 425-lnd 1S-RR 60-Util 500-Stks It a m.

Ill 74 31 96 47 17 99 48 Noon 1 1 1 S3 39 04 4 7 07 99 53 Prv. Close 113.15 39.37 47.64 100.71 burning the high-sulfur fuel, however, it must receive permission from two state agencies, the Public Service Commission and the Environmental Conservation Department. John Simpson, EPA deputy administrator, said: "We have reason to believe the state will act shortly, consistent with the city's decision." Simpson said the city acted "reluctantly" to head off a fuel shortage due in part to the federal government's alleged failure to allocate oil reserves to New York City equitably. His chief, EPA Administrator Herbert Elish, added that the city was faced with an "immediate depletion of some fuel distributor's stocks of low-sulfur oil." But the EPA turned down a companion request by the utility to burn coal in the Queens and Staten Island boilers, a decision that drew angry criticism Monday night from Con Ed Board Chairman Charles Luce. NEW YORK (AP) New York City has temporarily relaxed its air pollution controls to enable Consolidated Edison and other fuel oil users to burn high-sulfur oil to supplement cleaner, low-sulfur oil reported to be in short supply.

Acting on a request by the giant utility, the Environmental Protection Administration on Monday granted Con Ed a six-month variance to burn three million barrels of high-sulfur oil in its electrical generating plants. Fred Hart, the city's commissioner of air. resources, said the utility's use 0 the oil would raise by 10 per cent the level of sulfur dioxide in the air. Consequently, he said, about 80 per cent of the city would have unhealthy levels of the gas, compared to the current 50 per cent. ALTHOUGH no other fuel oil user had requested a similar variance, the EPA extended its directive to allow fuel oil dealers to sell high-sulfur fuel over the next 45 days if they apply for and receive a citv permit.

Before Con Ed can begin 1 Associated Press WIREPHOIO Dow-Jones LYDIA KIN CLOSES SHOP Hermon E. Smith, a great-grandson of Lydia Pinkham, shows old bottles of patent medicine. Smith, who tasted every batch, found the remnants while cleaning out the factory that is closing after 87 years of producing the vegetable compound in Lynn, Mass. By United Press International 30-lnd 20-Tr 15-Util 45-StkS 11 am. 853 18 168 76 90 91 263 50 Noon 854 23 169 57 91 03 264 05 Net eng.

-8 43 -1 93 -0 52 -2 53 Pet. eng. -0 97 -0 56.