Imports, OPEC Boost Trade Loss

j*. J .. r'm.. i « 21 - THE HERALD. Kn . Feb. 27. 1981 •■J ■ k\ Business ‘Thin^ Blue Line^ , Weekly index Penney hoopsters Prizeweek Puzzle Business techniques could save colleges profiles police ^ tracks stocks surprise Tribe now worth $700 *ti *• ■. NEW YORK (UPI) - A Long humanities, our athletics ana other Being near both the Atlantic Ocean Dowling has a flying team that has business and anti-government agita ‘Pace isn’t doing anything ^dicai-- Page 17 Page 13 Island college president says many of traditional campus activities,” he and Great South Bay, it paid Dowling won both first and second places in tion of American undergraduates In ly different at Briarcliff,” Meskill'. Special Section Inside Page 17 the 240 small American colleges that added. to acquire a suitable yacht and the National Bendix competition and the 1960s and says today’s un said, "but It has made it viable 1^' have closed their doors in recent No matter how prestigious a small oceanographic equipment and teach other trophies. dergraduates have little prejudice giving it good management and good years could have saved themselves college’s academic standing, it can’t youngsters a lot about fisheries, Meskill always has promoted against business. marketing.” by listening to business. compete today if not enough people exploration and the other aspects of cooperation between education and But, he said, too many scholars and ’The "publish or perish” philosophy Victor Meskill is president of know about it, nor can it compete if oceanography. business. Before joining Dowling he college administrators still do not is an extreme example of bad Dowling College, located on the the program is “ivory tower,” not Proximity to Grumman Aircraft at was at Long Island University’s C.W. realize the academic world must management in the academic world; former William K. Vanderbilt estate aimed at filling the specific needs of Bethpage suggested the aeronautics Post College where he inaugurated learn from business just as business Meskill said. "It doesn’t make sense at Oakdale. N.Y. the community it serves or one or program at Dowling, which last year the first "weekend college.” He and government must learn from the to pay professors primarily t» ■ Founded in 1959. Dowling has more special needs in a wider area, drew students from 13 foreign coun reasoned Post was losing money by accumulated knowledge and publish papers, many of which are o f swum against the tide, grown and Meskill stressed. tries and all over the United States. having its classrooms empty on research of the educators. little value,” he said. “It makek' prospered largely by adopting sound An institution of fewer than 2,000 Meskill said graduates of this Saturdays and Sundays. He also in He offered as recent proof of the sense to pay them to teach and te a ^ business management and marketing students, Dowling took advantage of program have landed jobs as airport augurated off-campus courses for soundness of his view, the success well.” its Long Island location to establish executives, airline pilots or adult students in the metropolitan Pace University had with Briarcliff methods. Meskill said. "And we have Meskill originally intended to be good undergraduate programs in aerospace technologists all over the area. College north of New York City after done so without sacrificing our not an administrator but a scholar. aeronautics and marine science. country. He went all through the anti it failed. program in the liberal arts and Serving The Greater Manchester Area For 100 Yean Mergers declining CNG reports - Manchester, Conn. Saturday, February 28, 1981 25 Cents income rise HARTFORD— Connecticut Natural Gas Corp. has reported consolidated net income of $4,669,(KX) for 19#) 2 but values rising M.ANCHESTER - ’The clock in the compared with $4,083,IXXI in 1979. - j town at the Cheney Clock Mill on Although the total number of company the target company’s management. Once After deduction of preferred dividends, consolidated Imports, OPEC Elm Street ran off batteries and was mergers and acquisition declined 11 per the quality of management is determined, earnings were equal to $2.29 per share of common stotiK governed by a master clock which cent from 1979 to 1980. those valued in the Stamford. Conn.-based firm then compared with $1.94 a year ago. Steam, chilled water and operatMl all the clocks in the (Hieney excess of $100 million have risen steadily, evaluates a company's size, market posi propane subsidiaries contributed 2 cents to 1980 earnings Mill complex, according to a couple reports "Industry Week" magazine. tion. geographic location, historical per share compared with 10 cents in 1979; earnings in of electricians who are familiar witlT^ In fact, between 1975 and 1980. the growth, and profitability. 1979, however, included 12 cents of non-recurring tax and number of large acquisitions soared near It. Dana Corp., Toledo, Ohio, focuses pipeline refunds. > ^ ly 600 percent. And John G. Finch III, a Members of the Cheney Historic expansion within existing lines, trying to Consolidated revenues totaled $123,472,000 compared boost trade loss vice president with Booz, Allen & District Commission decided fill in markets where it is not represented. with $93,071,000 in 1979. ’The significant increase )i) Thursday night they would like to see Hamilton Inc.. New York consulting firm, It also chooses acquisitions that would revenues was due mainly to the pass-through of higher WASHING’TON (UPI) — New government figures the dodc back in operation and were Friday showed Americans spending more on foreign cars believes that the long-term trend toward allow a return that is consistent with its wholesale gas costs from pipelines to custoniers, plus the Leading Econom ic Indicators wondering aloud hav to find about it. and OPEC oil, worsening the trade deficit, but confir acquisitions will unquestionably be up corporate goal of 18 percent return on full-year impact of a May 1979 rate increase, weathef Barometer of Future Economic Activity Clarence Cassells, of 22 Hebron ming “the U.S. economy is strong.” ward equity. colder than normal and an increased number of Road, Boltai, talked to The Herald The demand for imports widened the nation’s trade Index for January One reason for this trend, he explained, When negotiating a price for customers. Friday afternoon and said the clock deficit in January to $5.44 billion, the second-highest 135.8 Down 0.496 is that expansion through purchases of the acquisitions, companies that must borrow During the fourth quarter ended Dec. 31, the company assets of successful, established firms is was still operating when he retired as monthly deficit ever recorded, the Commerce Depart to finance their purchases face the earned $1,029,000, equal to 48 cents per common shared financially more attractive than starting, a chief electrician at Cheney Bros, in ment reported. problem of high interest rates. compared with $790,000 or 35 cents a share a year a^. from scratch. 1955. While oil imports remained the largest single deficit When m arket conditions were less Revenues were $35,810,000 compared with $25,692,000„. Nonetheless, dollar totals are only part volatile, companies could get short-term Elarlier Friday Wilbur Sullivan, factor, sharply increased imports of automobiles and a Robert H. Willis, chairman and president, said that the of the picture. In contrast to the early ’70s loans from banks and later repay them electrician now at Cheney Bros, said wide variety of other manufactured goods added the red 1980 earnings included a net 16 cents per share in non when firms took a traditional financial through long-term debt. Now, with long he and another electrician tried un ink to the trade balance. recurring items, the largest of which involved liquefica- view of acquisitions, today expansion- term borrowing rates close to 15 percent, successfully about #) years ago to “This is the kind of import pattern you get when the tion of gas for another utility last summer. The 1980 minded companies are looking for "a lot of corporations are gun-shy about run the clock off alternating current. U.S. economy is strong,” said one Commerce Depart results also included for the first time a contribution to acquisitions that fit into their "vision" of funding out acquisitions through long Both men thought it might be possi ment analyst. the gas earnings from the sale of interruptible gas to a where they are headed — and they will term debt," J. Thomilson Hill III, a senior ble to get the clock working again. The deficit was second only to the largest on record, large Greenwich Division customer under a short-term pay the price to get them. vice president at Smith Barney, Harris Sullivan said he and his companion $5.96 billion, which came last February prior to the reces (2-year) arrangement. Absent this special sale, earnings Clearly, corporations have different Upham & Co., told the business magazine. did not have the proper tools at the sion. The deficit in December was $2.98 billion. per share would have been 14 cents less. In 1979, non methods of evaluating potential However, many-firms have overcome time they tried it. He said the clock is In its monthly report of trade figures, the department recurring factors mainly involving tax benefits related to acquisitions. The most important con the interest-rate obstacle by financing accessible, but the place is pretty said the value of American exports declined 2.2 percent construction of a new operating and administrative sideration in GEO International Corp.’s acquisitions through the issuance of stock messy. from December to $18.8 billion. The value of January im center added a net 45 cents per share to earnings.

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