Press and Sun-Bulletin from Binghamton, New York • 24

Digest Busines The Evening Press, Binghamton, N.Y. Tuesday, Sept. 30, 1980 12-B Telephone chief: Deregulate '-i-V If But a 1956 Federal Communications Commission decree has restricted the entry of telecommunications companies into unregulated fields, such as computers, he said. Since "the minds of great inventors do not conform to such strict boundaries," he said, that proved impossible for the industry. In April, the FCC removed the artificual boundry, Staley said, and last month The Bell System, of which New York Telephone is a part, took steps to separate the two functions within its corporate ranks.

But what is needed, he said, is the passage of laws currently in Congress. The proposed laws remain in congressional committees, still being studied, he said. "The road to deregulation is strewn with some last minute misgivings," he said, pointing to struggles that existed before the deregulation occurred in the railroad, trucking and airline industry. stead of competition to make high quality, low cost telephone communications available across the country. But that law was passed before the Information Age came about with computers and the wedding of information processing and telecommunications into a system that he said.

The industry does not want to be totally deregulated, he said, because deregulation of the basic telephone service network would cause a myriad of problems for smaller communities. "No telephone operator in modern times has said, 'I'm sorry, but you can't get there from he said. "Yet that's exactly what's happening to many communities, including Binghamton, with the deregulation of the airline industry. It does, however, want deregulation of information processing segment of its markets, he said. By LORI DEMO Like the Industrial Age before it, the Information Age has dawned, but it will not burst into full color until Congress passes laws deregulating parts of the telecommunications industry, the president of New York Telephone Co.

told the Harpur Forum today. "It's not often that you hear a businessman say there ought to be a law," Delbert C. Staley said during the kickoff breakfast of this season's Harpur Forum series at the Holiday Inn Arena. But that is exactly what is needed: A law that will deregulate parts of the industry, such as terminal equipment and information processing segments, while keeping the basic telephone network service regulated, he said. "The telephone wasn't legislated into existence, but the telephone system was," Staley said, and currently it is operating under the Communications Act of 1934, which was designed to preserve a natural monopoly in JOHN J.

GUGLIEIMI Staley Delbert C. Stars may be back on the set next week As actors and producers approach a settlement in the 10-week-old actors' strike, some television shows not affected by striking musicians could be back in production next Monday, industry officials say. Producers said yesterday they hadn't decided when work might resume, but said startup could begin soon on such shows as CBS' "Archie Bunker's Place" and "WKRP in Cincinnati," NBC's "Sanford" and "Diff'rent Strokes" and ABC's "Barney Miller." The American Federation of Musicians went on strike after the actors did and negotiations in that strike are to resume tomorrow. Sharp profits drop seen Corporate earnings are expected to plunge by IS percent in the third quarter from the level a year ago, the New York Times reported. The automobile industry is expected to be the biggest loser, with smaller-than-usual gains expected in the oil industry.

Economists also predict larger-than-average declines in the chemicals and forest industry and little or no gains in the newspaper, broadcasting and paper industries. Cities still house poor Poverty in the United States is declining everywhere but in the large central cities, where it is on the rise, The New York Times said. It quoted a Department of Housing and Urban Development record that it said recommends a look at changing federal aid formulas so that more money goes to high-cost, severely distressed areas, at moving the urban poor to where the jobs are and at directing government money to the areas of greatest need, mainly in the Northeastern industrial states. Pressure builds on prime A big jump in the amount the banking industry must pay for obtaining funds could lead to another boost in the prime lending rate this week, the Wall Street Journal said Monday. There is speculation interest rates banks charge their most creditworthy corporate customers could go as high as 14 percent this week from 13 percent.

Last week, the sixth hike in the prime in six weeks occurred. Treasury bill rates rising Interest rates on short-term Treasury bills increased sharply yesterday. The discount rate on 13-week bills rose to 11.524 percent, up from 10.460 percent last week. The rate on 26-week bills was 11.718 percent, compared with 10.824 per cent last week and the highest since 11.892 percent in April. As a result, banks may pay 11.968 percent interest on six month money-market certificates.

Iranian crisis is pistachio windfall v. Zr- ili If- By ERIC BRAZIL Gannett News Service SACRAMENTO, Calif. California's pistachio nut growers are windfall beneficiaries of the Iranian hostage crisis. Iran's refusal to return the American hostages has created a virtual domestic monopoly for the state's young, growing pistachio industry because of the shutdown of trade. Until last year, Iran supplied 90 to 95 percent of the 22.8 million pounds of pistachios munched annually in the United States.

For the first six months of this year, Iranian pistachio imports were down to about 700,000 pounds. The only other countries that supply any pistachios to the United States are Turkey and Italy. The amount is minuscule. California, where the pistachio harvest began this month, is expected to produce between 17.5 and 20 million pounds, according to the California Pistachio Association. As expected, prices are up all along the line.

Growers are receiving $2.60 a pound for their crop, a dollar more than they were getting before American longshoremen shut off Iran's pistachio spigot by refusing to unload them at Eastern ports last November. Wholesalers are paying $3.50 to a pound. The consumer is paying $5 and up for a pound of raw, unshelled pistachios, and a package of roasted pistachios weighing less than two ounces now costs 90 cents. The California pistachio boom was utterly unplanned. "It's an example of how you can get lucky in business," said Rod Stiefader of Continental Nut Co.

in Chico. "The people who have trees now are looking pretty good," California Pistachio Association promotional director Courtney Lockwood of Los Angeles acknowledged. Today's report JOHN J. GUGIIELMI Universal studies NEW YORK (AP) The stock market posted a broad gain today, rallying after the steep decline of the last three sessions. The Dow Jones average of 30 industrials, which had fallen more than 43 points since last Wednesday, rebounded 7.17 to 929.10 in the first hour today.

Gainers outnumbered losers by more than a 2-1 margin among New York Stock Exchange-listed issues. Members of a Norwegian delegation studies the work of Avenue plant yesterday as part of a business tour spon- one of Universal Instrument's products a machine sored by the American Embassy in Oslo. It is scheduled that automatically inserts electrical components. The to continue its American trip with visits to Chicago and 21-member delegation stopped in at Universale Conklin the West Coast. Yesterday's Dow Jones In the Tier NEW YORK (AP) Dow Jones closing stock averaees: People or 1.93 percent or 2.60 percent or 1.31 percent or 2.04 percent Robert N.

Sweedler has been promoted to 30 Indus 921.93 20 Trans 328.77 15 Utils 107.38 65 Stocks 339.64 Sales: 46,410,000 Area firms NYSEG appoints Endicott manager Michael P. Kalitan has been appointed manager of New York State Electric and Gas Endicott office: He succeeds Frederic R. Marcs who became manager of NYSEG's East Aurora office near Buffalo. Kalitan is the former street lighting representative at Binghamton. He joined NYSEG in 1972 in Geneva as a field planner, moved to Hickling Generating Station as a technical foreman in 1974, and to street lighting representative in Binghamton in 1978.

He holds a bachelor's degree from Elmira College and a master's degree in business administration from the University of Scranton, Pa. Kalitan and his wife live with their daughter at 172 Crary Ave. Binghamton. manager of horizontal transport and communications business units at The Raymond Corp. in Greene.

He replaces Richard Shaw, who was named president of Raymond Handling Systems the corporation's dealership in Memphis. Sweedler formerly served as materials manager. The following quotations are furnished by S. f. Hutton Co.

and represent an indication of current market value at the dose of the last trading session and at 12:15 today. Closing Price Current Change NEW YORK STOCK EXCHANGE Meetings Bendix splits Sidney plant Bendix Corp. has split its Sidney-based Electrical Components Division into two independent manufacturing divisions. Under the new organization, Bendix separated management and operations of the former Electrical Components Division, which employed about 4,000 at the main plant in Sidney and two branch plants in Columbia, S.C. and Franklin, Ind.

Robert W. Schaeffer, who was chief executive of the former division for two years, was appointed vice president and general manager of the new Electrical Components Division, one of the world's largest manufacturers of cylindrical electrical connectors. That division will employ 2,796, the company said in a release. Domenic P. Altomare was appointed vice president and general manager of the new Engine Products Division, a major manufacturer of aircraft and industrial ignition systems, diesel fuel injection equipment and cable assemblies.

That group will employ 1,205, the company said. The decision to split the group was prompted by trends in the connector industry that indicated potential major growth in the high technology products Bendix produces, said Alfred E. Clark, vice president and group executive of the Bendix Aerospace-Electronics Group. Michael P. Kalitan GE tests coal gasification Bache Halsey Stuart Shields Inc.

will offer a free seminar on investing in real estate 7:30 p.m. tomorrow at the Holiday Inn Arena. Hank Solomon, vice president of J.M.P. Properties, and Bache account executive Neil Younger, will discuss Carlyle Real Estate a partnership for investing in real estate. For reservations, call 723- SCHENECTADY, N.Y.

(AP) The prototype of a cleaner, more efficient coal-powered generating system is being tested oy the General Electric Research and Development Center here in what GE officials call a "world's first." The new facility simulates a system in which coal is turned to gas, cleaned of pollutants -and burned to produce electricity, according to Dr. Roland W. Schmitt, GE vice president for research and development. He said the system promises to be 20 to 25 percent more efficient than conventional coal-burning facilities. So far, the GE facility has successfully operated for 200 hours at the rate of one ton of coal per hour.

The operation hinges on a new system for gasifying coal and a $2 million gas cleanup facility Robert N. Sweedler Adam Drug ATelTel Bank of NY Bankers Trust NY Becton-Dickinson Bendix Bunker Ramo Chase Manhattan Chemical NY Columbia Gas Dover Emery Federal Express Filmways GAF Gannett GE E.F. Hutton IBM Irving Bank Kroehler Marine Midland McDonough Melville Shoe Mobil Morton-Norwich PepsiCo Savin Sears, Roebuck Singer Union USAir 4 51 34 53 '4 40 51 36 40 '4 39Vi 35 50 16 64 9 12 55 52 35 63 39 6 17 40 37 69 29 15 24 13 16 9 5 14 4 51 34 53 41 52 36 40 39 35 50 16 66 9 13 55 52 36 64 39 6 18 40 38 69 29 15 25 13 16 10 5 14 2 1 6311. The TriDle Cities Business Professional INDEX OF BUSINESS ACTIVITY Weak Ended Sept. 13 Sept.

20 108.4 109.2 76 8 705 986 1855 905 74 3 78 4 75 7 98 6 1833 905 73 8 i i-i3o wtn i 1 100 i Women's Club will present its annual membership orientation, "Learn, Review and Remember," at a 6 p.m. dinner meeting Monday at the Roaring Fork restaurant. The meeting is open to ail prospective members. For more information, call Diane Dillingham at 798-0529. The Southern Tier Chapter The National Association of Power Engineers will have its' monthly meeting starting at 7 p.m.

Oct. 13 at the VFW Post 2332, 207 Grand Johnson City. The subject of the meeting will be refrigeration. The meeting is open to the public. The American Institute of Industrial Engineers will meet 6 p.m.

Oct. 9 at Peleggi's Restaurant, Binghamton, to hear William Stanton, president of the Transitional Opportunities Corp. A tour of the TOC will be held after the dinner. "Estate Accounting, Distribution and Income Taxation of Estates up to $500,000" will be the topic of a program to be held Oct. 3 in Binghamton by the New York State Bar Association's Continuing Legal Education Committee.

The program will be held 9 a.m. at the Holiday Inn Arena. Speakers will include Lawrence C. Anderson of Binghamton, Philip D. Levy of WEEKLY INDICATORS 1967 100)' Year Ago Month Ago Composite Indext 118.1 108 8 Steel production 106 3 70 6 Auto production 103 7 73 1 Crude petroleum production 96 5 98 8 Electric power production 175 1 195 4 Lumber production 100 5 90 3 Freight corloodings (mite, mdse.) 801 69 7 MONTHLY INDICATORS 1 1 96 7 100) Year Ago Month Ago Consumer prices goods and services 221 1 247 8 Producer prices finished goods 217 3 246 6 Industrial production 152 1 139 8 Retail store tales 306 7 321 1 Civilian employment 1304 1304 Latest 249 4 2490 1405 3258 1304 For August August August August August AMERICAN STOCK EXCHANGE Champion Products 25 24 Fays Drugs 10 10 Robintech 6 6 OVER THE COUNTER Bid Crowley Foods 5 Gladding Lincoln First 22 Maple Press 1 Raymond 31 Roadway Express 33 Spaulding 2 Victory 2 Asked 5 22 1 31 34 3 3 ItTt j' ii i' -j j' iteo 1ndudM bMiM mm mrm httad production of trudu.

brtuninout coal and Doparfcoard U.S. Nm World Report Chart shows a slight gain in business activity for week ending Sept. 20..