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Victoria Advocate from Victoria, Texas • 18

Publication:
Victoria Advocatei
Location:
Victoria, Texas
Issue Date:
Page:
18
Extracted Article Text (OCR)

8B THE VICTORIA ADVOCATE, Sunday, September 1 7, 1972 'Mini' Mart Rotary Engine Grinding Question Names Manager Wright could lose its grip on key patent, he says, despite the mountains of patents it has on fde. Three Wall Street analysti who were among the earliest to recommend Curtiss-Wright stock did so partly because they expected a Vega with at least an optional Wankel in the fall of 1973 or in early 1974. These were George Ulrich of W. E. Hutton and the team of John Connolly and Terry Nagelvoort of Faulkner, Dawkins and Sullivan.

good news for the Wankel business, really? At least two professionals who closely follow Wankel developments feel that General Motors announcement was bad news for Curtiss, not good. They had expected GM to have the Wankel in a Chevrolet Vega, at least as an option, one year from now, not two. Too many possibly unfavorable things could happen between now and the rollout of GM's first Wankel, says one analyst. Perhaps Curtiss- By Ernest Schonberger (c 1973 Los Angelas Timet Washington Pott Newsservice LOS ANGELES There's still plenty of debate and confusion in engineering circles over the Wankel rotary combustion engine. The stock market is just as uncertain, according to traders and money managers, about the stocks whose fortunes hinge on the Wankel's fate.

Companies mdst frequently mentioned as possible beneficiaries of the Wankel are Curtiss-Wright, Gleason Works, Toyo Kogyo and a rash of tiny companies on the American Stock Exchange. But professional analysts and investors sound as if they're fighting their way out of a maze rather than gazing at surefire investment strategy. The self-questioning goes to the extremes, depending on to whom you're talking. Buy Curtiss-Wright, a prime U.S. beneficiary of any shift to Wankel because of its licensing rights, for a quick spurt? Or buy it for the long pull? Or unload that Curtiss in a hurry took advantage of the public excitement and unloaded their Curtiss stock to eager small buyers while the price was spurting for several days.

The stock has been sliding since the initial euphoria. Also Curtiss-Wright holds the North American licensing rights to the Wankel engine and would get some. revenue from worldwide sales. It had been announced many months earlier that GM had bought a nonexclusive Wankel license from Curtiss-Wright. But the question Wall Street wanted answered was whether or not GM would be able to solve some Wankel problems and proceed with production thus virtually forcing the entire auto industry to follow suit.

Other U. S. automakers have remained noncommittal on their plans although Chrysler panned the Wankel heavily two months ago and Ford has been reported by reliable industry sources to be moving in the direction of a Wankel -powered car. Was the GM announcement and buy later, hopefully cheaper? Or buy Gleason Works for its role in tooling up for the Wankel? Or has Gleason already made its run in the market? Or buy stock in Toyo Kogyo, Japanese maker of the Mazda car which is already exceeding its sales goals in the United States? Or has Toyo Kogyo stock climbed too far, too fast? Then there's the multitude of supplier corporations built upon the piston engine era. If the piston engine goes, how many firms will suffer, and which ones? The rotary engine has only 40 per cent as many moving parts as a comparable piston engine.

That alone could mean major upheavals for many firms. Some professionals are convinced that everyone should heed the stock market traditional advice: "Sell on the good news." Accordingly, when General Motors recently announced it would definitely produce a Wankel powered car in two years, some big holders LEAK We are installing 240 Lb. Seal Down Composition Shingles at reasonable prices. 20 Years warranty. JOHN SWANNER Kresge store in Washington, D.

and early this year was transferred to the mart division of the company as co-manager of the mart in Pensacola. Hie first mini mart will be under the supervision of Edward C. Andrews, vice president of Kresge's Southern Region, headquartered in Atlanta. The Kresge Company announced Saturday that John D. Swanner has been named general manager of the new mart storelo be" opened Oct.

5 on Navarro Street at Crest wood Drive. The store is the first "mini" mart discount department store in the United States. It will contain 64,400 square feet, as compared to square feet in full-size marts in larger metropolitan areas. The mini marts, or scaled down versions of the larger stores, are designed for smaller communities, generally in the population category. Air Pollution Project Due AUSTIN, Tex.

(AP) Drivers in the Houston-Galveston area probably won't notice, but they soon will be helping experts find answers to the automobile air pollution problem. One of 14 studies of motor vehicle exhaust problems will start Tuesday in Houston with a meeting of federal, state and local officials, as well as citizens environmentalists. The Texas Air Control Board and the U. S. Environmental Protection Agency announced the project Friday.

Loan Discussed KAMPALA. Uganda (AP) ambassador Thomas P. Mclady met President Idi Amin on Friday apparently to discuss the freezing of a planned $3-million loan to Uganda. Victoria, with its 44,000 population, was considered an ideal city for the first such store. Mini marts, however, are large enough to offer shoppers the samel variety In merchandise that is typically carried in standard-size marts.

The local store, for instance, will carry small appliances, furniture, floor coverings, draperies, yard goods and sewing materials, women's fashions, boy's, girls' and infants' bedding, jewelry, camera supplies, books and records, pets and pet supplies, and health and beauty aids. The mart will have a complete automotive center with a large auto music section featuring stereo tape players and tapes. Several boys will be available to expedite light maintenance and parts replacement service. The center will offer wheel alignments and balancing, quick checking and replacement of brakes, tail pipes and mufflers. The store will also feature a sporting goods department and a self-serve snack bar with booth seating.

The new mart manager joined the Kresge management-training program -in 1961 in Birmingham, later serving in the U.S. Army and graduating from Troy State College in Troy, Ala. He was promoted to the management of his first store in 1970 a Kresge variety in Norfolk, Va. Swanner manage a sfpond FREE ESTIMATES -TERMS NATIONAL SIDINS CO. 1902 N.

NAVARRO 573-4922 Nite or Day ranoo American Exchange Summary Sale Net (hds I Hion Low Close Chg Sales Net Ihds.) High Low Close Cng. 37 Veecolns 24e Veniceln Vernitron JUU 3'i 45 16' 70 371 5'i 130 10 374' 614 1 -114 Vesely Co -3 744 73 34 I6H 11 II- 5 5'4 IV, 14 44'1 46' 4H 4'i 6'1 6H 15'4 15'4 9'4 9'. IIV. Il4 16 Vttco Ottsh V'atech Inc Viewiex Vikmo Genl Vikoa Inc 249 34' 4 6'V. SM 33' I 4 l'4 10'e I4' 13 13' 7 ll' 43 33 41 xl9 14 3 765 91 Vintage Enl VLN Qwd 47 16V.

307 I0' 152 19 194 10 4914 199 6' 10'- 14H ll'i 13 70' 10' -1 461. 41 VLN Cp pt 3 VI 33 3 I 17'1 I3H I3H 10 107' 57 ll. 17 714 I 7 16 16W 7 vol AHerch 414 vope 60 7'. 1514 1514 7'i 7 1 4H 4H Vulc Corp .10 Vulc inc 30 4 "I 150 108 175 57 140 17', 153 '1 TesoroPel Ter.es Intl Co PL p.S Tenlar TpKtron wt TFI Co IPC ThoroMk Mr Thrftmrt OJe TiOweti .30 Timpte Ind Trtmtrt OW ToKhem 35 Tolchtn Inst To Ed ptl 37 Tol Ed 014 li Tonka CP 40 Torm CP 40b Total Pet NA Total NAtn Total pt 70 TownCnt 15c Tran Lu 31 Troniair TWA wt Treaow 31t Tri State Mot Tuoo Me 34 Tuttco Corp Turooovne TyrnerCons 1 TmnF-aif Inc Tyco Lab 5 71. 16'4 The beautiful lineup of new cars new colors, new designs, new features and new levels of performance.

Making your final choice of the Wab Mag 10 Wacknut 7b WadrHI Equip WagnerEI 48 7'i 79 47 40 17 1311 7 57 17 74 7 7 16 17' 7H Xi I4 7I" ft 74 9 75H 11 '4 li'. 109 13 16 3 15 It Wako TOr Ward CR Dg rVard Fds wt Aards Co 20 var pC 05 wasPostB 70 ll 36 7 tt 3 B'l 13 3414 II 14S 10 1 make and model that suits your exact requirements may be a tough decision. 4' 7 21V. 17'. 1 77 7W 7'4 I5'i 35 13'.

6 ti t'l I14 23 21" 15 15 4 4 19H 701 17'i 17'. 20 70'4 2'. 2'i 614 6' 14 15 334 31'4 ll'a 17'. 6't 6 6 6'4 I I 21 22 25 26 51 SI 2'i 2'4 2 3 104 4a 17 34 117 3 431 137 124 383 117 19 35 77 23 22 at 37 710 115 Aash RIT 96 Walsco OV Weiman Co Weld Tu Am But once that decision is made, the tough part is behind you. -1 Eellco Ent elliNat Svc es'ChP .77 'W Tr-i pt4 40 Restates Ptl Westby Fsh 2', 3'a 65 Westrn Pet 62 6 7 16 66 5 16 32' 1 2 2 3H 17 71 1614 354 5'1 7' 4 7' -111.

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15 51 15 15 9 10 14 14'7 IS It 3 15 16 II II 12 17 wood ind 771 Wool Ltd lOe 1 7 15 16 7 worres Cont Work Wr 60 40 13 91 9t 77 40 I'l 70 14 71 7H Wrather Cp -I 1 16 -I I 70 It 10 11 273 ll'4 104 1 5 16 5l I2'7 11 5'. 153 2V 50 Si 9 9 1 TV II 11 5 5 21 24'-, 5 S'l Wrignl Harq W1C Air 10 Wyle Labs. Wvnn Oil Wyomismo Financing of your new car 15 I. II 71'K XYZ 41 19 491 7'4 9H 5'. 5 77' i 6'1 9' 5.

5' 16H 74 77' 1 6'-, i'm i 15' i 7'4 Val Or Ind VallesSl I Valley Metal Valmac Ind Valtper I Valuelifl Dy Van Oorn .3 Varo Inc can be arranged by your dealer through Victoria Bank and Trust. In most cases, your financing requirements, Vates ino Mtg 111 12 17 17'. 4 3 4 29 9'-, I I 4 2 7 2 Zim Mom 34 7ion Foods MUTUAL FUNDS II It II 05 II I 9 WJ 9 07 9 07 I 17 34 17 70 13 20 I through Victoria Bank and Trust, can be handled right from the dealer's office. We want to provide you the kind of new car financing that puts the "extras" on your car -not on your auto loan. Sound and budget wise automobile financing just one 1170 1 1 AO II 65 I 15 03 14 19 15 00 I 31 45 I 11 51 41 67 -II 75 690 -4 17 -9 10 II J4 II 54 -10 55 I I I I I i more benefit avaHable to you at the New World of 31 76 1170 41 65 II 97 6 94 4 90 9 16 II 44 II 56 KJ 55 It 79 17 17 I 44 10 I II 10 91 79 5 It 1 55 11 14 31 31 II SI 41 71 II 69 690 4 17 90 II 13 II 53 10 44 It 14 13 33 I 41 10 4 II 71 1017 It 51 15 Ot 1 44 It 21 I 12 30 I Banking Service.

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