Anderson Daily Bulletin from Anderson, Indiana on November 20, 1973 · Page 2
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Anderson Daily Bulletin from Anderson, Indiana · Page 2

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Anderson, Indiana
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Tuesday, November 20, 1973
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Page 2
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TUISPAr, NOVtMiU JQ, ANDERSON DAILY JULLETIN fAfilt NEW YORK (AP) Analysts say growing investor concern Chat an energy crisis might lead to a major recession in 1974 is the factor which is sending the stock _ market confrontation between tt-.e ma jor steel companies and Presi dent Joim F. Kennedy. It dropped 34.94 points on that occasion. plunging. Monday's drop of 28.87 points was the worst day for the Dow Jones average in 11 years. The Dow Jones average of 30 industrials, used widely as an indicator of general marke 1 trends, fell Monday to 862.66 Japanese industry hampered TOKYO (AP) - nese government James V. Carroll New look in yule decorations City electric utility workers 'hoist a Christmas tre» into position on a downtown light pole. Th« iree, ten feet tat! and illuminated, by small white lights, is one of 25 being installed downtown this week by the Retail Merchants Association in place of the overhanging lights and decorations that have been tradition in the post. The new type of decorations will reduce the use of electric energy by 85 per cent this year says Mike Martin, president of the merchants association, which spent $5,000 on the downtown displays. Fuel shortage may affect state police helicopter use INDIANAPOLIS (AP)-Some use of "helicopters |by state po- Kce will have to be curtailed because of fuel shortages, says Bupt. Robert L. DeBard. "We already have stopped us Ing the helicopters for blow transfers and ordered patro: cars be used instead," he told Hie State Police Board Monday "The system has been abused «nd we are now facing a short age of aviation gasoline." The board ordered a study, to be ready for its Dec. 17 meet- tig, on helicopter use. Some board members voiced concern because the choppers are used Gift drive for patients starts here The Madison County Merlai Health Association is coKfaotirt its annual drive to collect distribute OhrilBinres gifts to pa- ttente in mental hospitals. Ixicsil area residents have beer Invited to make dorjalions of gifts and cash to the association by DEC. 1. Items suggested for men include shaving cream, lotions, pipes, tobacco, shints, sweaters, docks, belts, billfolds, bathrobes «nd slippers. Women's gifts can be ligerde, houseraais, dresses •>nd blouses in a washable fabric. Collect-ten boxss have been placed in various churches i financial institutions. Gifts m be raw and unwrapped. Cash donations may be mailed to Mental He«ffih Association, P. 0. Box M94, Andersen, Indiana 4G01S. Gdd Lmfe, volunteers of the Association will shop and fill pec-oral requests mad« by the patients. Mrs. Bea Grisiom, Madison Ccasy Gift Drive chairman, said that any person o: orgaaiza- ticn desiring to assist in wrap- pir.« the gifts may contact the Menial Health office, phor,e 6436609. HEARING AID SERVICES Hearing Tests—Widest selection of every typ«. style ond performance of hearing In- jlrumcnt. Repair »«vte« *" all hearing aldi— iott«r!«s— supplies. Over 22 ttan of reliable Mrvict ot thli Mm* location. . . Alwtn cmmlt •" ••' ^f*- <lin «r ytur ItmUl dttttt tint C HOOVER to transport accident victims aaid are en occasion ithe difference between life and death. The helicopter also is "extremely useful" in searches and chases, the board pointed out. DeBard s-aid officials are discussing trading in five state- owned choppers for three. Remaining funds would be used for fixed-wing aircraft. provide one chopper for each of the four area headquarters, but this may be impossible now because of expenses. Meanwhile, the board approved plans for contsruction of a nearly square, two-Story general 'headquarters on the far east side of Indianapolis. Plans for an X-shaped building were scrapped earlier by the Indiana State Police Build- The department had hoped to I ing Commission. Fear of recession causes stock drop The Japa- asked the :ountry's major industries today to cut back their use of oil and electrici'ly by 10 per cent to help combat a fuel shortage. At the same time, Chief Cabinet Secretary Susumu Nikaido announced that Japan shortly will send special onvoys to the Middle East fo discuss Tokyo's fuel problems and foreign pot icy. The Arab oil producers have included Japan among the countries targeted for oil cutbacks because they consider Tokyo's Middle East policy unfriendly to the Arab world. In the latest Arab jab at Japan's foreign policy, the semiofficial Egyptian newspaper Al Ahrain said in Oairo today that relations with Israel. "We do not want to harm any country," declared the paper, which often reflects the Egyptian government's thinking. 'But we refuse to extend our lands to help those who help Israel continue her occupation of our territories." Japan depends upon UK Middle East for most of its oil iceds -and it is feared any cutback will seriiusly affect the Japanese economy. The industries asked to voluntarily reduce their fuel consumption are steel, automobile, petrochemical, heavy elec- .rical, household electric appliance, automobile, tire, chemical fiber, aluminum smelling, nonferrous metal smelting, ce- mert, Sheet glass and paper and pulp. A spokesman for the Ministry of International Trade and Industry said the guidance for Japan's industries was aiiimed a strengthening Mie previously announced government meas ures calling for the public to voluntarily conserve oil anc ilectricity. fn anotlier development, the government said it will postpone construction of three large Bridges linking the main islands Shikoku because irclblems. the fifth largest daily drop ir its history. It was the blue chip in dicator's biggest single-day losf since May 28, 1962, during a The broader based New York don of Dreyfus Corp. "That Stock Exchange index of 1,500 'Wes only^ the selling pressure *.~~...wn« ,-lnAU*. Tnll ) ".1 i. frOm ITvUlri^.llIv'c In ^iml.j* IU« common stocks fell 1.72 to 53.76, its steepest single-day decline since its inception in Julj 1966. Analysts said a further indicator of the broadness of the decline was that an extraordinary amount of New York Stock Exchange issues — 1,404 — lost ground, compared to only 198 making advances during the trading session. 'This energy crisis is verj hard to quantify and investor; are uncertain about it," saic Alan Shaw of Harris, Uphaim & Co. "No one knows whether means an all-out recession or worse." Analysts said another factor 111 Service LEISURE BHOTHERS IN MARINES First Class Michael W. Lel- f|ure, is now serving on boarc ihe USS Hancock. His brother. First Glass Harry E. Leisure just completed his schooling 'or small aims in Maryland. Both o'f them attended Anderson Higli School and are Ihe sons of Mr. and Mrs. Owen Es- Japan should sever diplomatic sex, 1615 B. Michael joined the iferines Nov. 15,1972 and Harry oined March 5, of this year. AULER GRADUATES Marine Pvt William J. Auler, son of Mr. and Mirs. William K. Auler, Rt. 3, Alexandria, jiriaduated from the field skills iiiaiininlg course at Uic Marine Coups Base Sn Camp LeJeune. M.C. A 1973 graduate of Frank- on High Sdhool, he joined the Marine Corps in June 1973. SLOAN GRADUATES Marine 'Pvt. Donald 0. Sloan, son of Mr. and Mrs. Charles 0. Sloan, 315 Lincoln Ave., Alexandria, graduated from basic raining at the Marine Corps Recruit Depot in San Mego, He is a 1969 graduate o* A'lexaiidriajMonroe High Schoo and is a> former studetit of Indiana Stale University, Terre Haute. PRICE IS AIRMAN Afrnian Steven R. Price, son of Mr. and Mirs. Harold R. Price. 3427 QuMfcy Diiye, has completed Air Force basic training at Lackland ATO, Texas. The airman is remaining at the in the major decline in the market was that the institutions - banks, insurance companies arid mutual funds — dominate it generally aside during the energy crisis uncertainties and did not trade. '"Hie institutions' normal reaction to this kind of market is to back off," said Monte Gor- from individuate to drive the market down." Analysts said that helping the decline Monday were indications from the Arab countries that their oil boycott to the United States may not end soon, and reports from Washington on proposals to ban Sim- day sales of gasoline and limit the use of heating oil. "That really hit home," said Larry Waehtel of Badhe i Co. Analysts noted that economists have said that reductions in the amount of energy available in tills country could have significant negative effects the Gross National Product The Dow Jones blue chip indicator has fallen nearly 125 points since Oct. 26 hi trading highlighted by volatile daily advances and declines. Analysts said it is a sign of the uncertainties *he energy crisis has generated. .Tam« V. Cwrofl 3-D decorative class An adult 3-D class in decorative boxes or purses is now being sponsored by the Anderson Park Department. The class will be held at the Bickel Key Shop, 21 W. 8lh St., starting Nov. 28. The class will run each Wednesday through Dae. 12 from 9 to 10 a.m. The fee for the class is $10 per person and it is open only to the first ten adults who register. Paul Bickel Jr. will teach the class and those wishing to register should call the Park Department, at 6465753, before Nov. 26. Shown above pr»paring for the class are, from left, Debbie Sodon, Madeleine Doherty and Maxine Buckley. Christmas Seals are mailed in county j Christmas Seals are in the 250,000 Christmas Seal mail to all residents of Madison County. Ward Kartell, Anderson, chairman of the iocal oomimittee of the Lung Association of East Central Indiana mailed in our twelve area. The other counties, along with Madison, include Blackford, Delaware, Frank'lin, Payette, Grant, Henry, Jay, Han- has announced recently. This dolph, Bush, Union and Wayne. maiibs Uie beginning of Uie 97th annual CSiristmas Seal Campaign. HartoeM said that during the Mst year Uie former TB-KD Association has changed its name to the Lung Association of EaBl Cental Indiana. "We are still conceiived about Uie tuberculosis problem but have sxpanded oir program goals to cover all lung diseases, such as emphysema, chronic bronchitis, etc. "This year there will be overall added. letters county "The goal for the 1973 Christmas Seal Campaign Jias been set to top last years total of $113,553.00. We feel sure that the residents of Madison County will wart (o share in the expanded programs of our association that include mcd'icail • training tor nurses, respiratory therapist and physicians and research to find bettor ways of diagnosing and treatment of lung diseases," Hartzel'l said 1 . In 1972, Madison County residents donated $31,321.66, Hurt- Indiana Wine ,. THE OLIVER > WINE COMPANY { Bloomington, Indiana Announces That It's CAMELOT MEAD "A light w/ne made from Honey" Is Now Available In Anderson At Your Favorite Liquor Store c When You Open a 1974 CHRISTMAS CLUB, '*o • A NEW CHECKING ACCOUN1 WITH JSO OR MORE • A NEW PASSIOOK SAVINGS ACCOUNT WITH ISO OR MOBE . • A NEW -PASSPORT TIME DEPOSIT ACCOUNT WITH J50 OR MORE • 0« ADD ISO OK MOKt TO AN EXISTING PASSBOOK OR PASSPORT ACCOU:. PONHTOWN VU! SOUTH „! CHBTIMIIIB Anderson Banking Company RIMIMIIt...Our bonWnj hoursl 9th ond Jackson St. Drive-Up: »!<W f,m.-l:00 p.m. Mtntty Ihn ftktaf 9:00 o.m.-l 2:00 noon Soturdoy All other offices: 9:00-5:00 Mon., Tuts., Thurs., Friday - 9:00 o.m.-l 2:00 noon Wednesday. Saturday. 4.95 RCA STEREO RECORD FREEI ALA AFTER-5 SOPHISTICATION FOR FESTIVE HOLIDAY OCCASIONS While shopping for your holiday wardrobe, make it a point to visit our After-Five Shop. We have a wide selection of fashion elegance in an array of the latest colors and styles. So stop in and see us today while the selection is great. COME IN TODAY — USE YOUR WARDS CHARG-ALL CREDIT ACCOUNT, JUST SAY — CHARGE IT! (Christmas MOUNDS MALL SHOPPING CENTER

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