Lancaster New Era from Lancaster, Pennsylvania • 21

Lancaster New Era LANCASTIR, NEW ERA TUESDAY, JANUARY 21, 191621 BUSINESS DIGEST 5 Kodak Introduces 2 New Cameras NEW YORK (AP) Eastman Kodak Co. today announced two new 35mm cameras. the first the company has sold in the United States since 1970. Kodak said the new cameras, called the VR 35 series, electronically sense the speed of the film, focus, set the correct exposure and fire their flashes when necessary. Both models are powered bv 9 volt lithium power packs that can be replaced by the user.

Kodak, which in recent years has sold 35 mm cameras only in the Far East, said the cameras will reach stores within weeks. The model K10 has a list price of $129.95 while the Model K12 has a list price of $199.95, Kodak said. .1 isj. Xii Mgr a' 't Park City Co-Owner Buys Las Vegas Mall The co-owner of Park City shopping mall. International Income Property has agreed to purchase a 140-store mall in Las Vegas, Park City marketing director Robert Magel reported today.

Magel said International Income entered into an escrow agreement on Dec. 31 to purchase the Meadows Mall in Las Vegas for $60.25 million. The transaction is scheduled to be completed by the end of this month. The two-story Meadows Mall is anchored by four department stores: J.C. Penney, Sears, Broadway and Diamond.

The mall sits on a 72-acre tract. 2 Area Businessmen Buy Mac It Co. Two area businessmen have purchased the 48-employee Mac It Co. screw machine company, which was scheduled for closing by owner Western Pacific Industries, of New York, later this year. Accountant Marlin H.

Groff, '972 Woodridge and G. Patrick Stillman, 2227 Creek Hill Road, the owner of the Kountry Kitchen and local Dairy Queen franchises, bought the 74-year-old firm on Jah. 10. The purchase price was not disclosed. Mac It, 275 E.

Liberty produces custom-design screws, fasteners, cutting tool pieces and other specialty metal products. Sales last year totaled about $2.5 million. Traffic Club Will Hold 'Air Night' The Lancaster Traffic Club will hold its annual Air Night at 6 p.m. Monday at the Treadway Resort Inn. For more information, contact Bobbi Benforado, Grad Promoted By Sperry Corp.

Harold S. Fischer, son of Maryr E. Fischer. 1703 Marietta and the late Harold Fischer, has been named a vice president at Sperry Coq). Fischer was appointed to the new post of vice president of marketing for in-formation systems commercial marketing.

This new unit is responsible for marketing Sperry computer systems worldwide. Fischer, a graduate of Franklin and Marshall College, will handle major marketing and product programs, industry specialization marketing, sales education programs and market planning strategy. Fischer joined the firm in 1960 as a sales representative and served in various positions, most recently vice president and general manager of Sperrys computer marketing and services operation in Canada. He will be based at the Blue Bell international computer marketing headquarters. Meeting Scheduled For Project YES The Lancaster Employment and Training Agency will sponsor a meeting at 3 p.m.

on Wednesday, Jan. 29, at 131 E. Grant for youths interested in the Youth Enterprises Services project. Project YES is a 16-week program for out-of-school youths between 17 and 21. The program, in which participants design and market their own products, is designed to teach business fundamentals.

For information contact Stephen Williams, Project' YES, 131 E. Grant or Andi Porter, at LETA, 34 S. Duke St. New Er Phot by Jmn Gerbtrich Gary L. Grossman (left) and his father, Management plan to purchase the for-Robert, of Grossman Grossman Realty merC.E.

Brubaker and Co. facility. Site of Toxic Waste Cleanup Last Year City Contractor to Buy Former Brubaker Building on Mary St. Meridian Reports Record Net Income Meridian Bancorp Inc. has reported record net income for the fourth quarter and 1985.

Meridian, the parent company of American Bank and Trust Co. of reported fourth quarter net income of $16.4 million, up 18 percent from $13.9 million. For the year, net income increased 39 percent to $57.6 million from $41.3 million. As of Dec. 31, Meridian assets were $6.2 billion, up 13 percent from the year-earlier mark.

Deposits were $4 8 billion, up 6 percent. Loans were $3.7 billion, up 14 percent. Mellon Has Record Profit in 1985 Mellon Bank Corp. today reported a record net income of $201.7 million for 1985, up 27 percent over 1984s net income of $158.5 million. Mellon said net income for the fourth quarter of 1985 was $45 million, an increase of 3.8 percent over the $43.4 million earned during the year-earlier period.

By RANDY MONTGOMERY New Era Staff Writer A Lancaster contractor plans to purchase the C.E. Brubaker and Sons building on North Maiy Street, the site of a $465,000 toxic waste cleanup last year. Gary L. Grossman, general manager of Grossman Gross-man Realty Management headquartered at 521 W. King said Monday he plans to use the former electroplating plant at 24 N.

Mary St. as a warehouse for his business. In September, the federal Environmental Protection Agency paid for with federal Superfund money, was completed just days before Christmas. The cleanup resulted in the temporary evacuation of residents located within 200 feet of the plant during a three-day period in early October. Grossman said he has signed an agreement to purchase the building from George M.

Unangst of Allentown. Settlement has been scheduled for Feb. 28. A purchase price was not disclosed. The plant was operated as an electroplating facility until early 1985, when it was closed and Unangst filed for bankruptcy.

Lawrence J. Weaver, the citys zoning officer, said Gross-man is seeking a special exception from the citys Zoning Hearing Board to continue a non-con forming use in the facility, which is located in a conversion apartment district. Grossman is slated to appear before the Zoning Board at its meeting Monday, Feb. 3, Weaver said. The meeting begins at 4 p.m.

in the Kendig C. Bare Public Safety Building, 208 N. Duke St. Various businesses operate under the Grossman Grossman name. In addition to new home and rehabilitation construction, the company has an asphalt paving division and a home center division, which includes sale of items such as kitchen and bathroom fixtures.

Grossman said he doesnt have any specific, long-term plans for the two-story structure. In the past, he has said that See BUILDING Page 22 began cleanup of the building, where hazardous chemicals, including lethal cyanide, were discovered. That emergency cleanup, It Saves Time Makes Money, But Takes Lots of Fuel Has High Cost After 10 Years, Is the Concorde a Success or Failure? The economics of the Concorde were just wrong at the beginning, said Paul D. an aerospace analyst with Argus Research a New York business consultancy firm. I think the Concorde has shown itself to be a magnificent blind alley.

Paul H. Nisbet, an aerospace analyst for Prudential-Bache Securities in New York, calls the Concorde a very bold technical move and an economic disaster. In an unusual alliance, conservationists joined Wall Street in opposing an American version of the Concorde, claiming it would hurt the environment by breaking the sound barrier. British Airways and Air France say the plane never accelerates to supersonic speed over populated areas. That eliminates the noise projection for people, but it doesnt eliminate the noise, said Thomas Oliver, a policy writer for the Sierra Club, an environmental group based in San Francisco.

Bear and deer are not likely to complain to Congress about such things. U.S. aerospace companies that once lobbied for funding to develop a competitor to the Concorde have since shunned such a See CONCORDE Page 22 NEW YORK (AP) Admirers call it a marvel that can whisk ou across the Atlantic in 3 ours and is starting to make money. Critics call it a failure that guzzles fuel, shatters eardrums and costs too much for fares. The Concorde, the supersonic jetliner built by Britain and France, marks the 10th anniversary of its first commercial flight today, having won a small loyal clientele but lost the dream of revolutionizing air travel.

British Airways and Air France remain the. only airlines that fly the 204-foot-long, 100-passenger delta-winged plane with a pointy, drooped nose and a cruising speed of 1,370 mph, twice the speea of sound. After 10 years of government-financed development by Aerospatiale in France and British Aerospace that cost nearly $3 billion, Air France inaugurated its first Concorde service on Jan. 21, 1976, between Paris and Rio de Janeiro, and a British Airways Concorde flew from London to Bahrain. Flights to New York and Washington have since become the busiest routes, and both carriers have flown more than 1 mil lion passengers on their combined fleet of 14 aircraft.

It was referred to as a white elephant. That has completely turned around, said Deborah M. Bernstein, spokeswoman for British Airways in New York. The British Airways Concorde lost more than $5 million in its first year of operation, did not start making money until 1982 and recorded a $17.3 million operating profit in 1985. Air Frances Concorde routes lost money until 1983 but made $8.2 million in 1984 and $11.11 million last year.

For $5,104 paid in U.S. dollars, a British Airways Concorde flyer can leave New York at midmorning and arrive in London for late afternoon tea, spend the night and part of the next day, and return home for dinner. Air France offers similar round-trip service to Paris for $3,630, attributing the lower price to a less-traveled market. The airlines say the fares are justified because the Concorde halves the time passengers would, otherwise spend flying. When youre shaving off 3.5 hours by getting them to a location, youre saving them a significant amount of money, Miss Bernstein said.

Critics say the Concordes To Be 'Found' Sunday Herb Won't Be Missing Much Longer NEW YORK (AP) -Herb, the missing character on which Burger King has based a $40 million advertising campaign, is about to come in from the cold. But some investment analysts who follow the fast-food business say they wonder if the public will be interested enough to notice. Burger King, which is the nations second-biggest hamburger chain, has been looking for Herb, described as someone who had never tasted a Burger King hamburger, in an advertising campaign over the past two months. Herb will be introduced formally in two 30-second commercials that the Miami-based company has purchased during the Super Bowl football game Sunday. In advance of those commercials, Burger King had Herb make an appearance this morning on NBCs Today show and planned to have him answer questions from reporters Wednesday at a Burger King restaurant in New York City.

It will be important for the rest of the campaign that people know what he looks like, said Joyce Meyers, a spokeswoman for the company. She declined to offer any more details, however. Advertising Age, a trade journal, reported Monday that for the next stage of the ad campaign, Herb will be Sent on a cross-country tour of Burger King restaurants, offering the person who spots him first in each of the eateries a cash prize of $5,000, free lunches for everyone else and a chance to enter a $1 million sweepstakes. But some analysts questioned whether many consumers were interested. The campaign has been a flop, and the licensees have been unhappy with it, said See HERB Poge 22 cause of its expense and high fuel costs.

The Concorde consumes 44,000 pounds of fuel an hour. By comparison, a Boeing 747 burns 23,500 pounds per hour, carrying four times as many people. profitability figures ignore the enormous cost of developing the aircraft paid by British and French taxpayers, which never will be recouped. Congress scuttled a project for developing a U.S. supersonic jetliner in 1971 be DIRECTiMAILYADVERTISING flEQGE) BKDJDtBB REORLElWHOIKNOWJITiBESTI Call299-5703 'It's Hard to See a Bottom il Prices Keep Falling; Some Below $20 a Barrel NEW YORK (AP) As weak demand and growing supply sent the price of petroleum downward to levels it hasnt hit in at least six years, some analysts and traders say its hard to see a bottom.

Whats to stop it? Philip Verleger a Washington-based analyst for Charles River Associates said Monday as contracts for February delivery of West Texas Intermediate crude oil, the benchmark U.S. grad, slid $2.26 a barrel to close at $21.27 on the New York Mercantile Exchange. That contract traded at $25.15 a barrel last Wednesday, before the latest price drop began. U.S. oil traded on the spot market, which brought $32 a barrel November, fell $2.25 a barrel to $21.70 on Monday.

Brent North Sea crude oil to be loaded in April fell to a six-year low, closing at $19.20 on the spot market. Theres, no question theres going to be a rebound. said Peter Beutel, an analyst at Rudolf Wolff Futures Inc. The question is when, and where, and to where Heating oil fell to 59 cents a gallon from Friday's close of 63 89 cents for February delivery. February contracts for unleaded gasoline dropped from 64 cents a gallon to 59.79 cents, and regular gasoline fell See OIL Page 22 Target Your Mailings Why mail to 10,000 addresses when your goal is to reach 3,000 potential customers in specific areas? Our resident list enables us to pinpoint the target areas you really want to reach.

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