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The Daily Breeze from Torrance, California • 29

Publication:
The Daily Breeze
Location:
Torrance, California
Issue Date:
Page:
29
Extracted Article Text (OCR)

Bridgestone Tire A. plant work begins Gov. Edmund G. Brown, Bridgestone Tire right, talks with Kunio America after Satake, president of breaking ceremonies Huge wage pacts 5 worry ec economists By Donald C. Bauder living When unions adjustment) have a clause.

COLA has heated inflation Copley: News Service (as do), workers' "Our optimism on so many tion was predicted on The recent large labor salaries go up by a certain government not settlements, combined with percentage of the rise of moves that would push statistics suggesting that inflation.) costs. But look what worker. productivity is de- Economists are concern- government has done: have economists ed about the generous be- minimum wage rose worried that the nation is nefits because 1979 will be a ply. There are big locking itself into a perma- big bargaining year. Some in Social Security nently level of unit key unions such as the ments.

Then there is labor -costs, which trans- teamsters, auto workers ployment tax credit lates into higher inflation. and electrical workers businesses get a. tax Settlements in the rail- will be up for renewal. if employment road. industry are likely to Wall Street's A.

Gary These government come in" at more than 35 Shilling, who runs a re- have pushed up percent over the three-year search firm by that name, he said. term of the contract consistently has been than 10 percent a timistic on inflation over He is forecasting The coal miners ear- the last several years. Now, wages and fringes will lier year. settled at a similarly the firm is starting to waffle 9 percent this year high level. the high contracts have tivity will rise 1.9 The workers' 19.5 Shilling and his crew wor- Subtracting 1.9 percent contract is lower, ried.

the remainder is more but management caved in "The major collective: a 7 percent rise in unit to union demands and per- bargaining settlements. costs which translates mitted a no-layoff clause to show signs of accelerat- to inflation. remain in the contract. ing," said Vincent Malanga (People should not as- of the Shilling organization. Prof.

William Tongue sume that postal workers' "There is a general tighten- the University of Illinois pay and fringes will rise ing in the labor market. Chicago Circle is calling only 19.5 percent over the There is delayed response a national program of next three years. They will to the increases in the controls not to be rise 19.5 percent plus what- minimum wage, and there panied by price controls. ever the postal workers get is an acceleration in work- does not think they through their COLA (cost of ers' demands because the palatable politically. A mal receiver unit for the ness, smoke or haze.

Bob Dunigan of Hughes U.S. Army's new XM-1 Aircraft Company's tank. The unit, part of electro-optical and data the Thermal Imaging: systems group in Culver System, enables the City inspects the ther- tank crew to see in dark- BRI I 8 Staff photo by Bob Carrington Co. of day at the company's new ground Carson site. Satur- 7 The Daily Breeze Financial Business, Markets Aug.

6, 1978 C5. Ford snubs U.S. $535 million plant going to Canada TORONTO (AP) Ford Motor Co. will build a $535 million automobile engine plant in southern Ontario instead of in Ohio, despite protests from U.S. officials who wanted the plant in the United States.

The announcement, made by William Davis, has been confirmed by Ford of Canada President Roy F. Bennett. "The decision to build, however, is still subject to reaching final agreement with the various levels of government and to the resolution of certain legal matters," Bennett said in a statement. "This new 1.3 million-square foot facility will employ 2,600 persons and represents our largest single investment since the company was founded 74 years ago," he added. Davis said the new plant will pay more than $60 million a year in taxes.

As an incentive for Ford to locate there, the governments of Canada and Ontario offered the company a $68 million straight cash payment, $40 million of which will come from the federal government and the rest from Ontario. Sav-On records best effort to date Marina Del Rey-based Sav-On-Drugs Inc. achieved the highest sales and earnings in its history for both the first half and second quarter of 1978. R.L. Call, president, said for the six months ended June 30 sales increased 21 percent to $206,184,000 from $170,343,000 in the first half of 1977.

Net income rose 25 percent to $3,553,000, equal to 49 cents per share, from $2,850,000, or 39 cents a share, in the like six-month period of last year. In the second quarter of 1978, the three months ended' June 30, sales rose 22 percent to $107,459,000 from $88,238,000 in the second quarter of. 1977. Net income increased 16 percent to $1,975,000, equal to 27 cents per share, from $1,702,000, or 23 cents a share, in the three months ended June 30, 1977. It was noted the operating results in the second quarter of 1977 benefited from the fact the pre-Easter selling period fell in that quarter whereas it occurred in the first quarter of this year.

Call said: "We are pleased with the record operating results achieved this year as both our established stores and more recently opened units continue to make good progress. "During the second quarter the company absorbed a substantial portion of the expenses associated with the transition of the 15 acquired Pay Less stores to Sav-On operation. The Pay Less stores; acquired March 6 of this year, will contribute sales of about $38 million in 1978, but are not expected to contribute significantly to earnings until 1979. "Through the second quarter of 1978, the former Pay Less stores have contributed $10,986,000 to our sales In 1978 the company expects, to open 10 new stores, including the first Sav-On stores in the Nevada market where two openings are scheduled in Las Vegas. Three more Las Vegas stores will be opened in 1979.

This year to date a total of three stores have been opened in the cities of Poway, Huntington Beach and Simi Valley. One older store in Burbank was closed during the second quarter. "We expect further gains in the second half of 1978 with continued healthy economic conditions and as Sav-On enhances its market position," Call said. Gov. Edmund Brown Jr.

officiated at groundbreaking ceremonies Saturday in the Watson Industrial Center, signaling the start of construction on a square-foot warehouse and sales office for Bridgestone Tire Company of America Computer firm names president George C. McMurtry has been named president of Vista Computer Co. The Torrance firm assembles and distributes mass memory systems nationwide, mainly through computer stores. Before becoming president of Vista, McMurtry was product manager, Randal Data Systems Inc. and national manager, Building Materials Industry Management Control System, a complete software package used to institute computer control over various aspects of business in that field.

The software is owned by Randal Data Systems which also is sole owner of Vista. Vista's mass memory systems include the CPM Operating system, one of the two most common in the minicomputer industry. In conjunction with its products, Vista has announced plans to serve as a clearing house for new developments in CPM software and C-basic, which it offers as an option. McMurtry believes the most innovative field in computers is that of the microcomputer. "The industry is making.

drastic improvements about every three months," he says. Because of the low cost of systems and the en-. thusiasm of thousands of engineers who are "tinkering" with new ways to achieve various performance goals, "It's not going take long for the micros to catch up with the minis." Headquarters of the company is at 2807 Oregon Court. Distribution pact signed by Wyle Wyle: Laboratories' distribution group has signed a distributor agreement with Dataproducts Woodland Hills. Robert J.

Lydon, vice president-marketing for the Wyle distribution group, said known as the printer company, is a leading manufacturer of serial and line printers. This agreement is a major step for distributor coverage of Dataproducts printers. The Wyle distribution group will stock two new Dataproducts printers. Both are high-speed, lowcost printers for use in: small business systems, terminal systems and a growing range of other mini and microcomputer based applications. With the addition of the Dataproducts printers, the Wyle distribution.

group continues its expansion of System product lines available off-the-shelf, including technical support. The Wyle group is taking orders now on the new printers, with availability in September at all six of its divisions. The Wyle distribution group is comprised of Elmar Electronics in Mountain View, on the San Francisco peninsula, and Denver, and Liberty Electronics in El Segundo, Phoenix, San Diego and Seattle. the U.S. subsidiary of the world's sixth largest tire maker.

The governor was joined at the event by Kunio Satake, president of 'Bridgestone of America; William T. Huston, president of Watson Industrial Properties; Stuart Klabin and Murray Smith of Stuart Klabin Co. of Inglewood, and Robert Holmes, president of Oltmans Construction Monterey Park, general contractors. The facility at 233rd Street and Banning Boulevard, Carson, will serve Arizona, California, Colorado, Nevada, New Mexico and Utah. It represents a doubling of Bridgestone's southwestern wareh-: ousing space and a substantial increase in service to dealers, company officials said.

The company is a subsidiary of Bridgestone Tire Co. Ltd. of Tokyo, a 47- year-old, diversified company with sales in more than 150 countries. Bridgestone of America imports tires from Japan for dis- PUBLIC NOTICE DB 8-59 REBEL MINI STORAGE AUCTION UNIT Doliboa, R.R.I. Box 35, Nashville, Indiana 47448 UNIT 71-8 Woodrow Ebro, 4825 West Slauson Los Angeles, California 90056.

UNIT Edward J. Kupihea, 734 18th Avenue, Honolulu, Hawaii, 96825. Auction held August 19, 1978, 10:00 A.M. at Rebel Mini Storage, 20500 South Figueroa Street, Carson, California 90745. Pub: Aug.

5, 6, 7, 1978 DB CAL 18617 NOTICE OF HEARING OF PETITION FOR PROBATE OF WILL AND FOR LETTERS TESTAMENTARY Case Number SWP 14582 Superior Court of California, County of Los Angeles. Estate of MARGARET G. BREIDENBACH Notice is hereby given that Frank A. Hillsinger has filed a petition for Probate of will and for letters testamentary hearing on the above petition is set for August 25, 1978 at 9:00 A.M. in Dept.

A Room No. 360 SOUTHWEST DISTRICT, 825 Maple Avenue, Torrance, California. Refer to petition for further particulars. JOHN J. CORCORAN, County Clerk By: E.

A. POWERS Deputy Dated July 28, 1978. le SIDNEY F. CROFT Attorney at Law 1611 So. Pacific Coast Suite 205 Redondo Beach, CA 90277 Aug.

5, 6, 12, 1978 You can think of the many ways to get the word around of the household items. you have for sale. But none is more: effective than a Classified ad! tribution throughout the United States. It has six other warehouses in this country. Designed by the architec-? tural firm of Ken Himes Associates of Santa Ana, the new tilt-up building will include 5,500 square feet of office space.

It is on an 8.6- acre site served by the Southern Pacific Railroad. Distinctive architectural elements of the new Bridgestone plant will i include large, canted concrete buttresses setting off recessed solar bronze at the office area. Fronting this facade will be mounded green areas, which also will conceal on-site parking. Trucking orerations from the 26 truck doors will be screened by a combination of masonry walls and landscaping. A large concrete element will incorporate the Bridgstone corporate identification.

Completion of the plant is scheduled for late this year. PUBLIC NOTICE up. inflathe making up the The sharincreases payan em- break increases. moves inflation," that rise producpercent. from 9, than labor of at for wage accomHe would be 7 DB CAL 18614 NOTICE OF HEARING OF PETITION FOR PROBATE OF WILL AND FOR LETTERS TESTAMENTARY AND FOR AUTHORIZATION TO ADMINISTER UNDER THE INDEPENDENT ADMINISTRATION OF ESTATES ACT Case Number SWP 14579 Superior Court of California, ounty of Los Angeles.

Estate WILLIAM JENNINGS SHAFFER, aka J. W. SHAFFER Notice is hereby, given that Margo M. Schott has filed petition for Probate of will and for letters testamentary Authorization to administer: under Independent Administra: tion of Estates Act A hearing on the above petttion is set for August 18, 1978 at 9:00 am in Dept. SW Room? No.

360 SOUTHWEST DISTRICT, 825 Maple Avenue, Torrance. Refer to petition for further particulars. JOHN J. CORCORAN, County Clerk By: E. A.

POWERS Deputy Dated July 27, 1978. MARGO M. SCHOTT Attorney at Law 1741 5th St. Manbattan Beach, Calif. Aug.

5, 6, 12, 1978 DB CAL 18615 NOTICE OF HEARING OF PETITION FOR PROBATE OF WILL AND FOR LETTERS TESTAMENTARY Case Number SWP 14577 Superior Court of California, County of Los Angeles. Estate of DORIS A. LETCHER Notice is hereby given that: Thomas C. Letcher has filed a. petition for Probate of will and for letters.

testamentary. A hearing on the above petition is set for August 18, 1978 at 9:00 am in Dept. SW Roomed No. 360 SOUTHWEST DIS: TRICT, 825 Maple Avenue, Torrance. A Refer to petition for further particulars.

JOHN J. CORCORAN, County Clerk By: A. POWERS Deputy Dated July 27, 1978. LAW OFFICES OF JOHN FOLEY Attorney. at Law.

1609 Cravens Ave. P.O. Box 389 Torrance, CA 90501 Aug. 5, 6, 12, 1978 Ready To Own A Business? Enjoy new freedom and as Independence. Put the rewards from your eltoris in your own pocket.

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Total gross approx, wife team. $500,000 yr. projected net. FRIEDMAN COMPANY 15 9 3 0.

About The Daily Breeze Archive

Pages Available:
960,124
Years Available:
1904-1998
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