Galesburg Register-Mail from Galesburg, Illinois on July 26, 1973 · Page 17
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Galesburg Register-Mail from Galesburg, Illinois · Page 17

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Galesburg, Illinois
Issue Date:
Thursday, July 26, 1973
Page:
Page 17
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,i!!iiiW'IM''lj!il:ilii|li!W' IMP* (||(B ,f Tes* Drive Is it a golf cart? Is it a motor boat on in the vehicle this week to point out its ad- wheels? No, it's a PPV. What? A people- vantages. He is shown above on his way into powered-yehicle. Tim Cozahr, parts manager traffic on Grand Avenue for Galesburg Vokeswagen, took a test drive People-Powered Vehicle Is One Answer to Gas Crisis By ANDREA. FERRETTI (Staff Writer) Some Galesburg residents soon may be "driving" to work with no gasoline, but not because of the nationwide shortage*. A new people-powered vehicle has rolled into the city. The people-powered vehicle, called the PPV, is on sale for $400 at Galesburg Volkswagen and Dom's Sport Center. It has three speeds, pedals and weighs 125 pounds. A second car for the wife to do family grocery shopping? Possibly. The unit carries two persons and has room behind the adjustable seats for shopping bags. A replacement for the bicycle? A replacement for the automobile? Probably not. But local dealers claim there is a market here for the pedal car. Jim Bevard, general manager for Galesburg Volkswagen, said in two weeks he has sold two PPVs, has orders for two more and has been approached by many interested persons. Pete Calderone, part-owner of Pom's, has had the vehicle just one week and a couple persons seem interested. "A lot think it's neat and tricky but they say it's pretty expensive for a toy. The practical uses are not seen by these people." From the practical standpoint he said the unit can carry things, maintenance involves no more than maintaining a bicycle and it is not difficult for old or young to pedal. "It's probably not much harder than walking and you're sitting down when operating it," Calderone commented. "You just have to be someone wanting a little more than a bicycle," he said. Because of the low design of the vehicle some people feel it may be unsafe for the road. PPVs are 78 inches long, 48 irches wide and 34 inches high. The body shell is high impact resistant polyethylene. It resembles a small motorboat and Bevard indicated such a pedal car for water also may be on the market within the next year. "I think it's (PPV) very unsafe," Capt. Donald Butler of the police department commented. "It'll be a detriment to traffic." James Morrow, director of public works, said a bicycle probably is safer. Because of the construction of the PPV he said it may tip over more easily tl.an the normal bicycle. Initially Calderone thinks PPVs may be unsafe because people will stare at them as Eight From Post Attend Conclave Eight members of Galesburg's Ralph M. Noble American Legion Post 285 attended 55th annual Illinois American Legion convention July 19-22 at the Palmer House, Chicago. The delegation included Vic Van Unnik, past post commander; Mike Addis, incoming post commander, Jim McCall, John Addis, L. H. Cowell, Ernest Peterson, Carl Peterson and Wayne Nelson, who also is District 15 senior vice commander. The state organization plans to begin publishing a monthly tabloid newspaper, Nelson reported. they go by instead of keeping their eyes on the road. "But like anything else, if people watch what they're doing and obey the traffic laws it isn't a problem. When people see it they'll turn backwards to see what the heck that thing was." Bevard and Calderone have both taken test drives in the vehicles. "It 's fun. And it 's good for people who want exercise. It should keep the environmentalists happy," Bevard commented. "If I wasn't riding a motorcycle I might consider buying one myself," said Calderone. The PPVs first arrived in Illinois a few months ago in the Chicago area. In some areas they are being rented as pleasure vehicles on an hourly basis., The footmobile can cruise as fast as 30 miles per hour, depending upon the strength of the legs, the energy of the driver and passenger. Both may pedal or one may relax while the other builds up leg muscles and steers. The company manufacturing the gas-less vehicle is EVI, Sterling Heights, Mich. Mutual Fund Sales in June Top May High Mutual fund sales for June increased to $303.1 million from $784.6 million in May. This compares with $393.1 million of fund shares sold in June last year, the Investment Company Institute reported today. Redemptions for June drop- pel to an 18-month low. Shareholders cashed in $348.6 million during the month, down from $445.9 million in May and nearly $200 million less than the June level for redemptions a year ago. Net redemptions — the amount by which redemptions exceeded sales — were $45.4 million, a drop of more than $100 million from both May and a year ago. The fall in stock prices continued to be reflected in a slight drop in net assets from $48.6 billion in May to $48.1 billion in June. Fund assets were $57.7 billion a year ago. Redemptions for the 12 months ended in June as a per cent of average net assets fell to 11.5 per cent from 11.6 per rent in May. Mutual fund holdings of cash and equivalents amounted to $1.16 billion, an increase of $10.6 million from May. The ratio of cash and equivalents to assets in June rose to 8.7 per cent, highest since November 1970. The ratio increase resulted from a slight decline in net assets combined with an increase in cash. For the sixth consecutive month, Institute members were net sellers of portfolio securities ar<l common stocks. Total portfolio sales amounted to $1,440 million, while total portfolio purchases totaled $1,338 million. .Thy 1 May,JulyJ6, J 973__ 1 7 MID-SUMMER FORECAST: TWO TEXTURED POLYESTER KNITS The perfect twosome for bridging the days between summer and fall: easy-going short sleeved dresses in self-embossed 100% polyester doubleknit. Select the two-piece model with zipper front, self tied tunic and A -line skirt ... or the one-piece dress with gold button trim and self tie. Both have contrasting banded jewel necklines. Cream/ spice or cream/green. Sizes 12-20, \A\z-22\z. TUNIC and SKIRT 28.00 ONE-PIECE DRESS 26.00 Business And Industry New Bicycle Tires The glowing rings are new reflective sidewall bike tires developed by Goodyear Tire and Rubber Co. The glowall tires contain a sidewall strip similar to the reflective material on highway signs. f FOCUS ON FALL THREE PIECE KNIT PANTSUITS AT ONLY 100% polyester coordinates that solve the problem of what to wear—anywhere. Choose several from our specially priced collection that's completely washabie! C assic collard solid jacket has patterned cuffed pants and contrast stitched top . . . western -look suit has stitched trim, solid pants and striped shell . . . mens jacket model features a high turtleneck with checked pants . . . plus more. Colors include green/rust, green/whire, black/white, burgundy and white. Sizes 10 to 13.

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