The Tampa Times from Tampa, Florida • 8

Business Page cS- The Tampa Times, Monday, March 1 0, 1 975 ants fear north Tampa may be over Merch built By GRANT DONALDSON Times Business Writer mall is about 95 per cent leased, but admitted that business was poor prior to February when there was an encouraging upturn. One department store executive at University Square said he didn't feel the mall has performed as well as expected to date. He remained confident the large department stores will be able to draw the crowds, but said the numerous small retail outlets may suffer if the area is overbuilt. Monday Report nmiiUJ Grant Donaldson Employment agencies week, she said. But the placement of part-time secretaries and clerks has been better although spotty, according to sources.

Mrs. Flora said she has about 25 secretaries on part-time jobs and demand is increasing for them. "Many companies are reluctant to hire full-time people until the economy turns up, so they are requiring more part-time workers," said Bob Clemarv head of two Kelly Girl Services Inc. offices in Tampa and St. Petersburg.

Coleman and Mrs. Flora said they had both closed offices recently in Clearwater. And most of those interviewed said the situation at employment agencies in Pinellas County is-worse than in Tampa. But the volume of requests for Kelly Girls has declined drastically because banks, savings and loan institutions, insurance companies and others "just don't have the business," said Coleman. The one bright spot in the employment agency picture seems to be on agencies which concentrate on placing highly skilled white collar jobs.

Tom Maguire, head of Availability of Tampa, said business has been surprisingly good, considering the bleak economy. His agency is part of a national firm which places high-skilled job applicants from all over the country. Business at the Tampa office has been so good that Maguire is looking for two permanent employes to supplement his office staff of 15, he said. Merchants in north Tampa's richly endowed retail district are privately wondering how many more shopping centers the area can support before profits slump. Troubled by the poor economy and fear that the area around the University of South Florida may already be overbuilt, mall managers and small retail merchants admit they are dumbfounded at the thought of the sprawling East Lake Square Mall going on 56th Street, only a few miles away from University Square Mall.

Both malls are the owned by the Edward J. Debartolo Corp. of Youngstown, Ohio. "There's no doubt that a lot of people are wondering if the pie can be cut that thin," said Northgate Mall manager Forest VanGilder. Several merchants interviewed at Northgate and Floriland Mall said they are still trying to gauge the impact of University Square, which opened last summer.

Many of them said they have already made plans to move or open branch stores at University Square. About 10 stores are vacant in Northgate. including a large store vacated by the W. T. Grant Co.

But that doesn't worry VanGilder, who says leasing is picking up at the mall. He said Grants recently decided to establish its regional headquarters in the store it vacated last Employment counselors are finding it tougher to place job applicants these days, and some are having to use their talents to find jobs for themselves. A source at the Florida Employment Service said a number of employment agencies have gone out of business and others have a precarious hold on solvency There are no figures on the unemployment rate at employment agencies, but several spokesmen said the recession has primarily affected agencies which concentrate on finding jobs for trades and blue collar workers. That general statement was confirmed by Mrs. Ginger Flora, manager of the industrial division of Landis Wilkinson Inc.

She said most privately owned agencies in the area have found that the bottom dropped out of the trade job market. Job placement in the industrial sector is running one a month, compared to 10 per month last year, said Mrs. Flora. As a result, three employes lost their jobs at tne agency last year. And he recently renewed a lease with Maas Bros, department stores.

The Singer Co. has already decided to close its Northgate store and move to University Square, and a shoe store owner has opened a main store at the same mall with the idea of keeping his store at Northgate "if the business supports it." VanGilder echoed a theory expressed by many Northgate shop owners that the shopping center will become a center for moderate income families and the elderly. He ticked off a list of six major centers in addition to a number of "strip shopping centers" which are competing for the consumer dollar. He said there are also a number of vacant stores in those centers. University Square mall manager, Dick Taylor, says his Capsuling Business Goodrich cuts force AKRON, Ohio (AP) About 2,200 B.

F. Goodrich Co. workers will be affected by temporary layoffs this month, according to a company spokesman. Some 1,750 employes at the firm's passenger tire plant at Tuscaloosa, were to be idled two weeks effective today, Goodrich said. About 450 workers at Miami, producing small-truck and passenger tires were to be laid off two weeks beginning March 17, the company said.

About 1,900 employes work at the plant that mainly produces large farm, truck and off-the-road tires. A company spokesman blamed "continuing slack in the automotive industry and the national economy." Florida securities compiled from Times staff and wire reports Eastern to offer 'no frills' flights MIAMI Eastern Airlines officials admit they are gambling with the firm's financial stability by joining National Airlines in a "no frills" economy service between certain cities. Eastern, trying to keep its hold on a 55 per cent share of the lucrative New York-Miami route, announced it would cut fares by as much as 35 per cent. A spokesman said Eastern would include an economy section in all its planes on -certain routes. National's third-class plan, announced last week for a dozen test markets, is limited to wide-body jets.

Both proposals need Civil Aeronautics Board approval. Population growth seen CLEARWATER Harris H. Mullen, publisher of the Tampa-based Florida Trend magazine, has predicted that Florida's population will rise 57 per cent between 1970 and 1985. He said Florida's population has grown 21.5 per cent since the 1970 census. He said the increase is four times the national growth rate.

"At a time when some states face the prospect of large population losses, Florida stands to gain." Mullen said. Sun Oil plugs Gulf well PANAMA CITY Sun Oil Co. says it has plugged and abandoned a well drilled to a depth of 17,608 feet in the Gulf of Mexico, 30 miles southwest of this Florida panhandle resort city. Sunoco said the well contained "no commercial shows of oil or gas." Drilling had begun Oct. 21 in a federally-leased offshore oil exploration area.

Sun Oil said it was the well operator in a project involving 14 other companies. Bank hearings scheduled TALLAHASSEE "Government-in-the-Sunshine" hearings will be held on 33 conditional bank charters revoked earlier this year by Comptroller Gerald Lewis, officials say. Lewis announced he has scheduled the first seven public hearings, beginning March 25, in Tallahassee. He revoked the conditionally approved charters six weeks ago. saying that his predecessor, former Comptroller Fred Dickinson, had granted most of them despite staff recommendations that they be rejected.

A plane old class craft maintenance. The 30.000 suuare loot plane hangar contains classrooms, demonstration areas and practice equipment, all designed to familiarize the students with the basic principles of aircraft operation. The three-year-old program is certified bv the Federal Aviation Authority (AP). Aircraft instructor Bill Rakestraw, arms extended, teaches students at Dallas' Skyline School the technique of air Fuel crisis hands oil firms windfall profits LISTED American Century Crown Industries II Jack Eckcrd Corporation 22 Gen. Tel.

of Florida 14 Gulf Life Holding Co Florida Gas Il' Florida Steel 2IX Jim Walter Corporation 2 Lykes Youngstown 17 Maule Industries 3' Media General 24' National Airlines 13 Ryder Systems a3 Scotty's Home Builders Tampa Electric Co Wometco ifr1! OVER-THE-COUNTER Quotations from the NASD are reprsentative inter-dealer prices of approximately 3:30 p.m. Inter-dealer markets change throughout the day. Prices commission. Alico Wit Am. Bankers Life Vn Am.

Fidelity Life Ins 534 6'4 Am. Heritage Life Ins 10 1P' Am. Pioneer Life 2 24 Anheuser Busch 36'j 37 Assoc. Coca-Cola Il Wk Baker Bros 2'i 2S Barnkett Winston Inv.Tr 2' 3 Consolidated Tomoka 9'4 11 Founders Financial 2'4 2'i Florida Cypress Gardens 2S 2U Fla. Mining Material 6'4 Floyd Enterprises 4'i General Financial Systems 3'i 4 Groff Industries 2 2U HavaTampa Cigar Corp Ht Hughes Supply I Independent Life-Accident 7, Jim Walter Investors Units i' i 1'v Kapok Tree Inn 4'? 5'i Major Realty IJ 2 Medical Scientific 1 I Morrison Inc 16'4 17 National Life of Florida 2'.

Pacemaster Rahall Communication 3 Shop 4 Go 53 Treasure fsle 2'4 J' Winter Park Tele in crude that was four times what it said Chase Manhattan economist Richard Sparling. Economists at Chase have estimated that profits of the major oil companies last year were up 45 per cent over 1973. But they said the profit picture eroded steadily through the year. Sparling said profit gains for the major oil companies averaged 90-100 per cent in the first quarter but dropped steadily to 70 per cent in the second quarter and 40-50 per cent in the third. Preliminary estimates, he said, indicate profits in the fourth quarter of 1974 declined 10 per cent from the same period in 1974 when the higher prices first went into effect.

The API said the industry did reinvest the higher profits in new exploration. The number of completed wells drilled rose 19.6 per cent to 31,813. the highest since 1969. API said in a preliminary-report. ganization of Petroleum Exporting Countries (OPEC) to replace the cheaper oil on which they made the major profit gains.

According to the American Petroleum Institute (API i. the nation's 17 largest oil companies increased capital expenditures, primarily for new exploration and production by $6.5 billion last $12.8 billion in 1973 to $19.2 billion in 1974. Profits increased about $4 billion, from $8.7 billion to $12.6 billion. in other words." said an API spokesman, increase in expenditures exceeded the increase in profits Most of this increase was spent in the United States;" The oil companies note that much of the large profit gains were realized on oil which they bought at around $3 per barrel before the worldwide price was quadrupled by OPEC to nearly $12 per barrel. "The profit they took in was quite substantial no getting around it but they had to reinvest it NEW YORK (UPIi The Arab oil embargo and higher worldwide crude oil prices handed U.S.

oil companies a windfall in profits. Americans were forced to pay substantially higher prices not only for gasoline and fuel oil but for most products and services dependent on petroleum energy and byproducts. The nation was asked to conserve. In exchange, the, oil companies promised to plow their, new riches back into the search for new supplies of oil. gas and other energy sources so that the nation would not be cut short again.

It was a gentlemen's agreement. No law required the plowback. A year later, the oil industry claims it has done its best. Furthermore, the oil companies claim their profits were bloated by inflation and absorbed later by higher prices paid to the 13 members of the Or ys' Plan now for '75 Tax records can make difference fir Vl" kiZ -4' 4. 4.

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ately puts all contributions to charities in one place. Then at tax-filing time, you can pick off all checks written for contributions and gifts. A single file folder or big envelope for stuffing these receipted notifications ill simplify sorting next spring. If you donate clothes to a charity for a rummage sale, ask for a receipt that notes the value of the goods donated. Add such receipts to your file on "contributions." Casualty losses from windstorm, snow or ice damage maybe deductible if each loss exceeds $100.

Ordinarily, a loss represents the difference between the before and after fair market value of your property. However, replacement costs for storm damage, if adequately documented, are usually accepted. Here, photographs of the damage will substantiate claims. Also, you need receipts for work done. Rules for business use of an office at home have been loosened.

Formerly, your employer must have stipulated in writing that he required you to work at home before you could take a deduction. A salesman, manager, or professional may elect to use part of his residence for business purposes. Self-employed persons and others maintaining a professional office at home can deduct a portion of household expenses. Here, you need records of utility costs and a depreciation schedule for a tax write-off on the basis of space used for business If you are called in for an audit, you have a 50 per cent chance of not having to pay more taxes, according to one es-tirmte but good records make the difference. By ROBERT EDWARDS Christian Science Monitor Getting ready to file your income-tax return for Are you scratching through piles of receipts, canceled checks, and information notices of interest or dividends paid? The Internal Revenue Service (IRS) assumes you will take all the deductions to which you are entitled.

But. it won't allow deductions or expenses unless you claim them. Further, you need records to substantiate deductions, expenses, and contributions. Now is the time to look ahead to next year. Plan now to keep records throughout 1975.

Then, a year from now, you can claim all deductions to which you are entitled, justify your claims, and reduce your taxes. If you start early, you'll have the records next January when you need them. Big items include business travel and entertainment, particularly business mileage claimed for driving your personal car. Last year the IRS recognized inflation and now permits deductions of 15 cents per mile for business travel (up to 15.000 miles) and 7 cents per mile for charitable driving contributions plus trips for medical care. To back up these claims, you need a diary.

Each day, as you incur driving expenses, record the mileage and the purpose of the trip. If you use your station wagon to haul Boy Scouts to the mountains for a hike or to a camp, record the mileage, destination, and the group transported in your diary for that day. A register and ledger that segregates payments immedi i i 4 vm -jf w-t, 4fJV5 Crude carrier Two million barrels of crude oil tan be carried "bv Conoco Europe, the third very large crude carrier (VLCC) to enter service for the Continental Oil Co. Christened this past week at Oppama. Japan, the ship has a length of 1 1 OS feet and a beam of ITS feet, service speed is l(i knots..