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16 Press-Republican—Wednesday, December 21,1983 GM, Toyota accord foreseen By THOMAS FERRARO WASHINGTON (UPI) - Toyota and General Motors hope to sign an agreement on antitrust concerns by Thursday, satisfying a federal de- mand on their proposed joint ven- ture to build a new line of cars, a Toyota attorney said today. Earl Kintner, a local lawyer representing Japan's biggest automaker, said representatives for Toyota. GM and the Federal Trade Commission are conferring today on the \precise language of a con- sent agreement.\ Kintnec along with FTC sources, said once GM and Toyota sign an agreement, in which the automakers promise not to violate antitrust laws in their venture, the commission will likely approve the deal. GM, the world's biggest automaker, and Toyota, the world's third largest, want to produce a GM- styled car with a Toyota-designed engine at GM's idle plant in Fre- mont, Calif. r Business News V If permitted, it would mark the first time major automakers have joined forces in the United States to produce a specific line of cars. GM and Toyota want to begin produc- tion next year. The FTC's five commissioners were to vote today whether to per- mit the venture, but the meeting was canceled Monday with the FTC demanding written commitments from GM and Toyota. Specifically, the commission wants the two to place in writing what they have verbally agreed to do: Limit the venture to 12 years, limit production to 200,000 cars a year and limit the exchange of sen- sitive information. \As of now, I have agreement from my client, in principle, to a consent settlement that would for- malize three conditions that we believe are already explicit,\ Kint- ner said. Kintner said discussions are under way between Toyota, GM and FTC and, \We have a goal of having a signing by Thursday. I'm confi- dent that once we get the agree- ment, the FTC will approve the ven- ture.\ In Detroit, a GM spokesman said, \We can only confirm that we are meeting with the FTC today to discuss the whole affair.\ Asked if an agreement could be reached by Thursday, he said, \We simply don't know. This has got to be up to the FTC more than anything else.\ The two automakers announced the proposed joint venture last February, sending tremors through the U.S. automobile industry. Ford and Chrysler oppose the deal, maintaining it would violate the Clayton Act, which prohibits ac- quisitions that substantially reduce competition. GM and Toyota maintain there are no antitrust implications because the deal is for a specific length of time and is only to build one particular car. Dow dips again; rally unlikely Sounds deceiving c Rent-A-Wreck, owned by Al Bailey, opened recently on Cornelia Street, across from Plattsburgh Plaza. The name is deceiving, according to Bailey, and even though all the cars are used, they meet high company standards. Every cars is two to eight years old, clean and in perfect working condition, he says. Rent-A- Wreck is a national franchise. (PJ? staff photo) By FRANK W.SLUSSER UPI Business Writer NEW YORK (UPI) - Wall Street's hopes for a year-end rally grew dimmer Tuesday when the stock market lost ground in moderate trading. The Dow Jones Industrial. Average shed 2.64 to 1,241.97. Barr- ing a major rally the next seven days, the Dow probably will not top its all-time high of 1,287.20 set Nov. 29. The New York Stock Exchange in- dex fell 0.16 to 93.64 and the price of an average share decreased six cents. Declines topped advances 943-696 among the 2,066 issues trad* ed. - Big Board volume totaled 83,740,000 shares compared with 75.180,000 traded Monday. \It looks like the market just couldn't get cranked up enough to get the yearend rally started and prices fell out of investor disap- pointment,\ said George Pirrone of Dreyfus Corp. \Buyers are not active and the selling pressure was not great/' Pirrone said. \This is just a tired market.\ Harry Villec of Sutro & Co., Palo Alto, Calif., said the drop in prices of retail stocks in the face of near- record Christman sales \shows the ^ B/UtfilCTtAII RfST/UltUl K*#s*ville 834-7578 1} recovery is either going to be slower in the near future or is going to shift its emphasis.\ The American Stock Exchange in- dex lost 1.27 to 217.40 and the price of a share fell eight cents. Declines topped advances 360-234 among the 826 issues traded. Composite volume totaled 7,177,300 shares compared with 7,338,200 Monday. On the trading floor, American Telephone & Telegraph was the most active NYSE-listed issue, off % to 63%. American Express was the se- cond most active issue, unchanged at 31V4. Champion Spark Plug was fourth, up VA to 11% with a block of 1,000,000 shares at 11 %. CHRISTMAS EVE SPECIAL SHRIMP SCAMPI AND TOP S4RIOIN STEAK $ 10 95 1 I Includes soup 'n salad bar, potato and vegetable Served from 5 P.M.-10 P.M. GIFT CERTIFICATES AVAILABLE Sorry — Closed AH Day on Christmas Tmjmrtim, S3 General Nutrition Centers America s Best Nutrition Values are at GNC-Over 1100 Stores Coast to Coast TOAIiDMA'N Last Minute That Save You Money! Sale End* Dec. 24, 1983 * |ST0CK(^ * if EVERY ITEM IN THIS AD* • 1 n STSUPPUES 400 LU.VIT»JIIN •••••••••** ^EWEEKONLYCOUPONSAU SHACKING 0« BAKING TOTAL B^ • PURE . • 89 C 6 82 500-S4.15 10TO-S8.25 m ixwSiMJ-ts • COMPLEX rta*t SWE30C 100 CAPSULES 500-S7J9 1000-S15J9 Power shovel Reg. '94.90 Sale Price $ 88.90 Less M0 Rebate m •m' c» tin -I «»ntiJ» ZM-SVIII GARLIC = 312 mg. LYSINE SPECIAL COUPON •» 500 mg. E BEE POLLEN E J5JW™, S Reg ..... •\•••• 4»>. •••„•-\•• •• S3. 49 w\w 100 KE miu = SWE SI JO ummx umvm •» • ••••••••••nit SP£C'»i COUPON KELP SAVE60C EXPNBtl-U-a Reg. % m W99 = S3.99 mm 100 = SMTESUOO [XMBSIM441 BONEMUL! KELP 6* \,m SAK3K 50D-S3.10 IVHIMM 500-J310 IMOI C»AL COUPON COD UVER OIL = LES = \gHS 0 i DOLOMITE =r s1 49 J*79 c « mm UHS1M * SAW «* 5 500-S4.99 ! 50a»W * 4Q r : - m TUP •«•*•' SMIMC ; %mm _ MV2% • 2S0-J829 «T oo E CAPSULE Reg $2.49 • 100 = SAVE SUM tin ior 500-J3W n-um l tmmnum Brewer ife*si , IRON —• urn it SAVf SV0O 11 999-SS.2I • 25&S44S INCREDIBLE SAVINGS ON HEALTHY FOODS -™. ! FRUIT r DATES : JUKES = ML:» 29^5 'tm-m FRESH DAILY SOY I CHEESE \\\ISO* 1\ I • • I OFF SOCIAL CO^'»ON ROASTED CASHEWS Mc'79?5 I SMrE2D€ EXPfKS 12-U-S3 NAVY OR PINTO BEANS •URv : WTTHI s-ti sac FRESH DAILY . »s: A. co-po* 20 ,# Snow Thrower Reg. '358.90 $32990 TORO #97$-91-6 . ncxu { SATHtS iPKKLE POPPING CORN? 1MB U-K-n * SHAPE-UP* TONE-UP SALE • EQUIPMENT AVAILABLE At^STORES ONLY SEE ADDRESS BOX BELOW 110 lh |jy»»E*J»J STEasn StT]|! & Genecal Nutrtbon Centers PYRAMID MALL. PLATTSBURGH BLASTER 110 RL VWYLSETI H s«is 5H.P. Snow Blower SALE $799 Reg. *848.00 #f7t-93-J TORO STKOEHRING -•< ArrDs»DAB^£ -€jr«*3 ^-scwyA- ,»£ Heater 20,000 BTU — be. MIS Heater I4MITI 12,000 BTU Reg. MM SALE .•120 *Jt54» SALE bg.M3S *139 *|M »t*S-«4.7 North Country Shopping Center Villc intei ByEDSTRAh Staff W LakePlacu LAKE PLACID Placid Village Boai to halt a hydro award to an ou resolved Monday e own hydroelectric tion. Last month, tli notified that Fred behalf of Trenton F trie Co., had filed a mit application \ village's lower dai River. The application, Federal Energy R mission (FERC) or cepted by the fed Nov. 15. The village to comment on the i Village Mayor said last month < Pond By CECILY Saranac Lai SARANAC L Franklin County treated with lime attempt to reduce water. The liming proje about 26 tons of lii for by the Franklu tion (representing organizations). Sti Smith's College wi about 650 bag snowmobile. The ponds to be acre Echo Pond Campsites and Pond, which is no near Follensby Poi The federation carry out the nea underJJhe supe.ryig ment of Environ tion. DEC Aquatii Smith will manag Holid LAKE PLACID the Gene Wood fa Preston family an Campbell were SJ winners in the res the fourth-annual day decorating co The Woods w place winners in < by the Lake PL Commerce and Lake Placid. The Preston ho followed by th< home. In commercial tion, The Vil] garnered first-pk six-member pan Street windows, elementary scho Meyer's Drug wi! top pick. Adirondack Ai honors in the 1 division while Th first place in th sion. Mirror Lake Ii winner of the ho Edge of the Lafe place in the mote! The Woods, ut forest backgron home with multi- effect, aided by suggests a gingei The home, no road, is acce Military Road ( after the raiiroa south from Rivet A circular drive | It's SARANAC thing: peop chores. How Most of us become mcr Dec. 24 (som The lists i endless. The wrap, stocki making par distance teb kids wound course, that of uibeconx was tot son Except fo metjemkw assifnment bees deep bi are in a sor iht orgaaiK who can act It LS aH so So it is ne pex>piewTth edabovtboi rtndy they
