The Miami News from Miami, Florida • 27

w-wm ii i I it 111 Miami's Ryder purchases $35 million in new trucks By LARRY BIRGER MUml Ntwi lutlntti Idltor In what is believed to be the largest private truck purchase ever made, Miami's Ryder Truck Rental today announced the acquisition of $35 million worth of new trucks. The 5,500 vehicles were purchased from General Motors, Ford and International Harvester. 7-C Sept. 21, 1972 Richard Rechtien, area ilk llRii.w Channel 6 change expected General Cinema a giant Boston-based theater and soft-drink firm, apparently will gain control today of Miami's Channel 6, WCIX-TV. Stockholders of Coral Television which owns Channel 6, are expected to approve a corporate resolution authorizing transfer of control to General Cinema at the annual stockholders' meeting.

General Cinema owns more than $2 million of convertible debentures of Coral Television. The debentures are convertible into about 70 per cent of Coral's common stock. The Federal Communications Commission recently approved conversion of these debentures into Coral's stock, so the passing of the resolution today by Coral appears to be a mere formality. Edward Adams, station manager for Channel 6, said the programming would remain locally controlled. He couldn't immediately specify any long-range programming changes, but did say Channel 6 "will be a viable entity in news, public affairs and distinctive programming." The television station, which features movies and reruns of syndicated series, celebrated its fifth anniversary this week.

Coral wai awarded the channel in 1964 by the FCC, but had a lot of problems and didn't get on the air until 1967. Leon Mc-Askill is president of Coral vice president for Ryder Truck Rental, a division of Ryder System, said it is estimated that by the time the vehicles are fully equipped and ready to go Into service the total expenditure will exceed $41 million. Delivery of the new trucks will begin next month. The previous "peak" purchase by the company was for approximately 3,000 vehicles which went into service in 1970 for Ryder's One-Way Rental Division. The One -Way Division stations trucks at Ryder's almost 400 company-owned locations and 2,000 dealers across the country.

Rechtien said the new purchase is primarily designed to recycle the 1970 purchase, and that the trucks pur chased then were for a three-year span before trade-in. Ryder System has, In the past, announced a number of very large truck purchases but nothing to compare with the present one. They usually are made in the 1,000 to range and the cost is upwards of $20 million. Most of the trucks acquired in this go-round are of the medium-duty "van" type and are designed for families to rent at the one-way tions for use in moving goods from one part of a city to another or between cities in a "rent-it-h e-leave-it-there" operation. A company official said of the purchase, "By keeping much of our fleet in new vehicles, we are able to satisfy our many rental and lease customers by providing them with the best vehicles possible." Ryder System altogether, in its rental and leasing divisions, operates more than 40,000 vehicles, the most of any company in the United States.

Miami News Staff Photo by CHARLES TRAINOR A. C. Blaauw shows 'Football Shine Kit' to Alan Sanders at fair Hong Kong official here optimistic about trade Miami group to build Ho Jo lodge in Vegas exhibit samples and no sales will be made, Sanders felt he and the 16 business people at the Fair could judge if there's a possibility of developing extensive business with South Florida. "Our people are experienced international business traders. They can.

tell by the caliber of businessman attending the fair how trade would develop." The fair itself is a relatively small series of about 15 exhibit tables, featuring clothes, electronic goods, an- tiques, toys and a variety of other goods. For instance, Blaauw displayed "Games Galore," a small package that contains a chess set, a deck of cards, poker chips and dice. It retails for $2.98 in the United States and has been red hot ever since the Bobby Fischer Boris Spassky chess championship matches in Iceland, Sanders said. Another of Blaauw's items was a "Football Shine Kit," which is a plastic football whose spheres unlock to reveal a shoe shine kit. Also scattered around the Fair were a matching mirror-and-comb set, tiny ivory figurines and children's clothes.

SMART CHART by Stansbury A group of Miamians announced today they will build the first Howard Johnson's Motor Lodge and Restaurant in Las Vegas. The hotel will eventually become the chain's biggest. Doublas Oesterle, president of Oesterle Nevada said construction of the $8 million facility will begin in October, with completion set for next June. The Las Vegas lodge will not only be the first for that city, but the largest motel in the parent organization west of the Mississippi, according to the developers. The facility, comprised of a 10-story tower and 2-story units, will be located on 13-acre tract Just off the Vegas Strip on Tro-picana Boulevard and will be the closest motor lodge to the airport The lodge will open with 332 rooms, a 200-seat restaurant, cocktail lounge, meeting rooms to seat 300 people and two swimming pools.

Once the original structure is completed, Oesterle said, expansion work will begin, bringing the Las Vegas site up to 1,000 rooms the largest Howard Johnson's lodge in the world. There are no plans at present for a gambling casino. Principal stockholders are Douglas Oesterle and Paul Oesterle, who will be the general, manager of the facility. Other stockholders include television newscaster Wayne Fariss; attorneys Samuel Cratis, Charles Appel and Herbert Marvin; Virginia Rorby of National Airlines; Miami businessman Wallas Kreidt, and Dr. Robert Campbell of Cambridge, England.

Television. Bacardi Ariejorum for what? The senior representative of the Hong'Kong Trade Development Council said here today he is "optimistic" about starting two-way trade with South Florida. Alan Sanders, who heads the council's North American operations, said 200 businessmen have definite appointments to come to the council's Hong Kong Trade Fair, which opened today at the Bayfront Park Auditorium. The fair designed tor local businessmen, will close tomorrow at 5 p.m. This is the first time the trade council, an arm of the Hong Kong government, has come to Miami.

But its the council's fourth trip to the United States in hopes of developing import and export business. "We feel there's good capability for developing a market here," Sanders said. "There seems to be a lot of business development through Miami into the Caribbean." Sanders added that trade council officials were amazed when they discovered Florida was fourth on the list of Hong Kong customers. "We decided it was worth the effort to come here and see what reaction we got to the fair." He speculated that Hong Kong's blouses, dresses and women's pantsuits, as well as its toys, antiques, watches, radios, and tape recorders would be popular in Miami and the Caribbean. In return, Hong Kong might want to import many Florida fashions for women, as well as citrus Business Briefs Rafkind quits exchanges on voluntary basis The Auoclaied Preii NEW YORK Rafkind Co.

has withdraw voluntarily as a member organization of the New York Stock Exchange and the American Stock Exchange, effective, with the close of yesterday's business, "because of a decline in its business and a lack of profits." Officials of the 10-year-old company declined to elaborate on the announcement. A Big Board spokesman said Rafkind was an- introducing firm which does a public business but lets another firm do its book work. The world's smoothest liquor? Quite possibly. Use it like Bar and Lounge! Restaurant! Health Club! Swimming Pool! Meeting Rooms! ill be it the new PRIVATE CLUB opening soon at 8000 BISCAYNE BLVD. Charter Memberships Now Being Accepted! PHONE 891-9800 Suite 100-1100 N.E.

125 St. N. Miami, Fla. 33161 Soviet gold for grain reported Rtuttrt Niwi Sorvlct MOSCOW Large shipments of Soviet gold reported to have arrived In Zurich were assumed by foreign diplomats here to be intended to help pay for grain purchases In the West. The Soviet Union has In the past sold extra gold to pay for big grain imports from the United States, Canada, France and fine Canadian or EDWARD LIN'D was named president of Hospital Mortgage Advisers a North-Miami-based adviser to Hospital Mortgage Group, a real estate investment trust.

Scotch in soda, water, Sours or on the rocks. Or sip it like cognac. lb. 8 MCAUDI AUO BACARDLrum. "If we could just lick the cyclical problem of our industry." Data seeks stock sale Real Estate Data Inc.

of Miami has filed with the Securities and Exchange Commission to market 450,000 shares of common stock at a price probably not to exceed $11 a share. The company's sole stockholder, Areata National will offer 400 thousand outstanding shares, and 50 thousand shares will be offered by the company. Of the net proceeds, will be used for additional printing and collating equipment and the balance for working capital and other corporate purposes. The company cpmpiles and publishes real estate data and information. Themixableone.

ti 1972 BACARDI IMPORTS MIAMI, HUM tO PitQQFi LIND MASTER ALAN MASTER was appointed executive vice president and a director of Jefferson National Bank at Kendall. LESLIE JONES, vice president of Delta Corp. of America for the last two years, announced his retirement. BETTY RITZLER was promoted to assistant vice presi-d -Administration for Property Resources mortgage brokers. JON JENSEN was named controller of Key Pharmaceuticals Inc.

of Miami. GUY BAILEY, board chair- man of United Resources will address the Finan-c i a 1 Analyst Society of Miami at 4 p.m. next Thursday in the Miamarina. RAY LOPEZ was appointed auditor of the Fidelity National Bank of South Miami. LINDA CARP was transferred to Rich's Travel Agency in Atlanta from Ambassador Travel's Dadeland New insurance firm to offer shares A newly-formed life insurance company in Coral Gables plans to offer 650,000 shares of common stock to the public at $5 a share.

No underwriting is involved for Consolidated Capital Corp. It aims to distribute $1,250,000 to a proposed life insurance subsidiary as contributed capital and Anna products. "There's a big transit market here," Sanders continued. "Goods can be shipped from Hong Kong, through the new Port of Miami and into the Caribbean." That would increase business for importers as well as Edge Act banks here and international departments of Miami banks, plus providing more revenue for the Port, Sanders declared. Although the fair will only Don't nay another penny in Federal Fund index Daily Lipper Growth Index of 30 mutual funds at close of market yesterday, 104.94, down 0.05 per cent.

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Al PlMicipitlnJ Storti proved as quickly as had been hoped in response to devaluation of the dollar. The bank foresaw a trade deficit of about $6 billion in 1972 and $3 to $4 billion in 1973. Tax reform seems likely, but "there is a very real danger that tax reform could result in a reduction of Investment incentives. Continued high levels of investment are essential for the achievement of productivity gains and the reduction of polluting emissions." Federal deficit spending, while it has "in recent years provided needed stimulus to the economy," now threatens to become a chief contributor to renewed inflation. A $30-billion deficit for 1973 would be the maximum the bank thought "can be absorbed without serious dislocations," but it added the deficit might well exceed that amount Housing starts will start falling off, the bank said, after "two years of very strong housing investment" which has caused "localized overbuilding and increased multi-family vacancy rates." Anticipated higher interest rates aso will contribute to the slowdown in housing growth, according to the prediction, which says housing starts will drop 11 per cent in 1973, after rising 11.2 per cent in 1972.

Consumer spending should grow 8.3 per cent this year and 8.6 per cent next, while corporate profits will rise 12.1 per cent this year and 12.6 per cent next, the bank said. In looking at the current economic picture, the bank found three major areas to worry about: The U.S. balance of payments deficit has not im- Th Auodittd Prist SAN FRANCISCO Bank of America, the nation's largest commercial bank, offered a rosy forecast of America's economic future today in its annual economic review. In its forecast for 1973, the bank predicted, among other things, that unemployment will fall, the gross national product will rise, and the nation will undergo continued strong economic growth. The unemployment rate, the bank predicted, will drop to 5.3 per cent in 1973, from 5.7 per cent this year.

Inflation, however, will proceed at a 3.9 per cent clip next year, compared to 3.3 per cent in 1972, it said. The GNP, Bank of America predicted, will grow at the current-dollar rate at 9.6 per cent in 1973 on top of a 9.7 per cent 1972 rise. But real output was expected to grow only 6.3 per cent this year and 5.1 per cent next year. .1. MILTUN NLWTO.N, INC In'eiiuhiinM LuiMinji, Suilo 1100 1 1.

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