The Post-Standard from Syracuse, New York • Page 33

Third Presidential Residence A 14-story apartment building to be called Madison Manor rises between 23-story Jefferson Towers Apartments and 20-story Harrison House in the Presidential Plaza area of downtown Syracuse developed by Reynolds Metals Devel L.T. Eagan and Edward G. Eagan are optimistic about the outlook for Eagan Real Estate in 1975. Coupled with the fact that real estate historically has been considered one of the best hedges on inflation, we anticipate that this year will be one of the best in our history. Greater Syracuse continues to move ahead as one of the bright spots in the state.

We are located at the crossroads of the Empire State and at the center of the largest trading area in the country. L. T. Eagan We are also fortunate in having such wide diversification. This fact was demonstrated by a recent national survey that showed there are 33 counties in the United States that have complete diversification, and Onondaga is one of that group.

That is why J.C. Penney Co. opened its largest store between Boston and Buffalo in the new sfioppingtown MalL It is also the reason local leaders in their respective fields Addis, Flan's and Weils Coverly are expanding their stores in this area. For example, both Addis and Flah's have more than doubled their facilities in the new Shop-pingtown Mall, and will open expansive new stores in the first phase of the Penn Can Mall on Interstate 81 in Cicero, which is scheduled to open in mid-1975. That is also the reason Dey Brothers recently opened a department store branch in Tri-County Mall in Baldwinsville.

Another reason for our optimism for the future is the fact that, notwithstanding some adverse conditions, our total volume of business exceeded that of any previous year. As a result of careful planning by management and the OF All RESTAURANTS I will suffer over $54 million damtge in the U.S. this year. REASON: Over will happen WM during closed I RESUITS: I II HIGH INSURANCE COSTS FOR ALL I SOLUTION: AUTOMATIC FIRE PROTECTION for kitchen hood, fryers, grills. IENEFITS: SAVE MONET WITH LOWER INSURANCE RATES AND tETTER COVERAGE.

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13205 If you're in a business that uses trucks, cars, even rentals, you'll probably save money by insuring them all with us -instead of several different companies. And we feel we meet ow competition head on because. We get your truck back on the road fast. Our claims are settled quickly and fairly. When you need us, no matter when or where, a Nationwide adjuster is as close as the phone.

And we pay most of our claims within 48 hours after proof of loss is received. Our rates arc low. business-vehicle insurance plan is competitively priced; you may be able to save yourself dollars when you insure all your vehicles with us. The plan lets you choose your own limits of protection. It covers vehicles used by your business those you don't own.

The rest of your business is also our business. Like your property and general liability coverage. We can show you how a Nationwide "Wall of Protection package might save you opment Corp. Madison Manor, with surrounding town houses and a parking garage, is financed by the State Urban Development Corp. wholehearted cooperation of local lending institutions and builders, we are able to meet the demands for new and resale making it easier for you to buy or sell a home.

Our residentail sales division set a record for volume of sales in 1974, and is anticipating an even better year in 1975. To demonstrate our confidence in residential sales, we have recently added still another office to our areawide sales force, at 6930 E. Genesee Fayetteville, to provide more convenient service to those seeking to'buy or sell homes in Syracuse's east side fine suburban communities. As managing agents for the Mony Plaza complex, we wit nessed the opening of the new $1 million Camelot Restaurant at Mony Plaza, another step in bringing people to the downtown Syracuse area. The leasing program for Mony Plaza and Carrier Tower, with new leases and expansions of present tenants, has now reached an occupancy of 83 per cent and expects to fully accomplish its leasing program by the end of 1975.

In view of all the things we have going for us, plus our experience in helping this community grow for over 50 years, we believe this year will present a fine opportunity for all those who recognize the tremendous potential of our community. Realtors Term Confidence Key By JOHN F. OSTA Executive Vice President Greater Syracuse Board of Realtors be. As we take a brief look back over 1974, we can see that the real estate industry has gone through some extremely trying times. The mortgage market certainly slowed down in availability due to the continuing change in the money market.

The energy crisis hit the housing industry in the form of Fewer housing starts due to the natural gas shortage. Realtors in Syracuse and Onondaga County continued to work through legislative channels to, help make a better housing market for the consumer, thereby aiding all aspects of the real estate and building community. Realtors continually sought more progressive legislation pertaining to the antiquated usury laws of New York State. A change in these laws could help produce a more plentiful supply of money, thereby giving more consumers the opportunity to purchase a home of their own. As we enter 1975, one major problem seems to prevail above all others, and that is consumer confidence.

If we take a look at some of the optimistic signs that may be present in 1975, we could certainly conclude that maybe the housing industry has already begun the turnaround. The federal government indicates that one of its major priorities is housing. Already, we have heard lending institutions indicate that the money supply should be adequate during the next few months. Jhe Multiple Listing Service of the Greater Syracuse Board of Realtors indicates that the listing supply should be plentiful. We continue to recommend the use of realtors in all real estate transactions.

Now, more than ever, it is important because of extremely complicated changes in the real estate business, 'and in the procurement of mortgage money. Realtors, concerned about the consumer's best interests, continually keep themselves aware of changing conditions in the marketplace. This allows them to give the best possible advice pertaining to real estate problems. even more money. It's one simple plan, not a stack of policies.

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It's hkMimh liability projection for relatively little cost. It insures both you and your business for up to $5 million in and pays your legal expenses, too. Sound competitive? If you'd like to know more, call your local Nationwide agent. NATIONWIDE INSURANCE Nationwide is on your side Patt of NatronwrtJe's Blanket Protection for your tnismess or your family. Regional Ofcet 110 D.it-i* Merchants9 President Notes Syracuse Pluses By JOHNW.

FINLAY President and Chief Executive Officer Merchants National Bank and Trust Co. During my initial year with Merchants Bank, I have been able to learn much about Syracuse, its surrounding communities, its people and its industries. My knowledge of Syracuse is due in large part to the help and concern given to me by Thomas W. Higgins. Mr.

Hig-gins transferred the chief executive officer position to me as of Jan. 1, but he will remain with us as chairman of the board. This means that all of us, customers and employes alike, will continue to benefit from his 40 years of experience in banking and service to the community. I'm impressed with Syracuse's diversification of industry and lack of any one firm dominating the economy. The city is blessed with one of the lowest unemployment rates of any community in New York State.

The year 1974 was a difficult one at best. Early in the year we experienced the gas shortage, which, in retrospect, might well be thought of as symptomatic of things to come. There followed regular announcements regarding increases in prices and the cost of living. During this period banks were faced with an extremely high cost of money. This led to -rapid changes in banking's prime interest rate to an all-time high of 12 per cent.

In the fourth quarter of 1974, the new 1975 car announcements were met with buyer apathy, and this was followed by a steady stream of communications regarding companies either laying off or furloughing employes. As we closed the year, unemployment was at a 7.1 per cent national level. During this period of time the building industry suffered a decline in housing starts and new construction and cost overrides on projects under way. While the events of 1974 cause us great concern, what about 1975? The year 1975 will bring to the community our 26th Merchants office, on Court Street, in the Lyncourt area of the Town of Salina. Within lte miles of this new branch are some 220 commercial businesses (including Syracuse China and the Fisher Body Division of General Motors), two shopping centers, and more than 8,000 residents.

A significant program we'll be introducing to the community in 1975 is the "IF" program, designed to aid our customers in this era of inflation. "IF" "Inflation Fighters" allows Merchants' customers to save money on community purchases while drawing interest on a savings account at the same time. Beginning 1, a deposit of savings of $250 will bring the customer a booklet containing discount certificates redeemable in over 200 participating Syracuse-area stores. The savings in purchases could be more than GIAMBATISTA NICK P. "Setting fndtitlry over 30 fears" RAILROAD CONTRACTORS 474-1736 equal to the $250 deposited, and the Merchants' customer will be fighting inflation while taking advantage of the discounts.

More about "IF" will be featured in future Merchants ra--dio. TV and newspaper advertisements; meanwhile, we at Merchants regard the "IF" program as our personal contribution to the fight against inflation. Merchants Bank is Syracuse's oldest commercial bank and has a very important birthday to celebrate in 1975. I REAL 1ST ATI POST-STANDARD, February 3, 1975 oooc an Invitation: 33 The new year marks Merchants 125th anniversary of professional financial service to Centra! New York. lOOOOOOOQOOC fRi ESTIMATES .0 ft 441 N.FronldinSt.

2 OUk60WYBAk mmm i Our President, Paul B. Conan, cordiclly invites you to" visit our newly redecorated and furnished Main Office in DeWitt. With its attractive "living room" atmosphere. Plush, new wall to wall carpeting and new quality furniture and draperies make it a pleasure to "browse" and look at brilliantly illuminated photographs of homes on display in the Gallery. You may also wish to discuss your buying or selling needs with our expertly trained and experienced real estate counsellors.

CON AN Gdbity of Homes 6803 E. GENESEE 1 15 SOUTfi MAIN ST.N0RTH SYRACUSE HENDERSON HARBOR LAKE ONTARIO Only Carrier offers girls for buvinq any brand of central Mil I IWI III Values up to $100.00 If ever there was a time to have central air conditioning installed in your home, it now. Now is when you get your best deal on the Round One at preseason prices. On top of that, here comes Carrier with an offer you can't refuse: FREE SURVEY, by a Carrier-trained expert, to determine which system and size is best for your home: FREE PROPOSAL, in writing, detailing exact costs for installation together with estimated operating cost. GIFT VALUES UP TO if the brand you decide to buy within 5 days of the proposal isn't Carrier.

(See requirements at right). Were so confident you'll want a Round One after you ve heard our energy efficiency story, that we are willing to pay 13202 Phone: 412.01 55 PCMWfe, Tark 2 Www: 656.30 1 7 Aft CflWMw Spawns. nu? Phone: for your listening time with our gift even if you buy somebody else central air conditioning. And for an offer like this, its now or never! V' Here's what you do to qualify: Call one of the participating Carrier listed below. 2.

Arrange to have him make his free survey of your home and his sales presentation. 3. Agree to purchase central air conditioning within 5 days after his presentation. 4. Before you sign a competitive contract to purchase central air conditioning, you must call ycur Carrier Dealer hick 5 days after presentation to complete a special market survey-questionnaire and to verify your purchase intent.

Offer null and void where prohibited by law 01'er linked gift per lamily liability (or an taxes shall be ihc sole of the gift recipient. Gilt will be stooped wilhir, suty days of your Carrier Dealer's validation. Carrier reserves the right to substitute gifts of eoual value if any should become unavailable. Offer eipires: March 31, 1975 Inc. SfracoM.

1 )102 169 i I Mter CofflBffiY Street um Phone. Phone: WjjfcjSij Snuff Ciwwty tat. Syrmt.NewYwfc 1)206 Phone: 437-7241 nOJ7 Phone: tapvitfti Cmtrikrs fa. 1 208.