Hope Star from Hope, Arkansas on October 10, 1974 · Page 10
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Hope Star from Hope, Arkansas · Page 10

Hope, Arkansas
Issue Date:
Thursday, October 10, 1974
Page 10
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t tn MOPE (ARK.) StAR Thursday, October 10, 1974 A t • G G 's denounce surtax proposal (AP) - A number of Kepublican candidates in ne*l month's elections have disassociated themselves From the anli-inflaiion surtax that Presideht Ford contends would «6st UiSfiayefe only a few centra day. ; Criticism from GOP Senate and gubernatorial candidates came as the senior Republican on the M6use Ways and Means Committee, Rep. Merman T. Schneebeli, R-Pa., said he believes the fate of Ford's 5 per cent surtax proposal "rests on the American public and what they tell us when we go home." Ford, who has conceded that many thought the tax proposal "politically unwise" just four weeks before the Nov. 5 elections, tried a .new approach in defending it Wednesday at his outdoor news conference in the White House Rose,Garden. A family of four with $20,000 Kross income would pay $42, or 12 cents a flay, while a family with $16,000 income would pay only $3 — or less than one penny per day, Ford said. And he said that only 28 per cent of the nation's taxpayers would pay any additional tax. He said enactment of the surtax and the rest of his anti-inflation package could produce "a meaningful reduction in the rate of inflation" by early 1975. Ford went to Philadelphia to boost Republican candidates Wednesday night. He told a fund-raising dinner the surtax is fair and equitable. The American people "want to step up and do what's right. Politicians ought to do the Lumber dealers are losing money DALLAS (AP) — Lumber prices are sinking like granite because of a slump in home construction and there is no relief in sight, according to industry officials in Texas. "The bottom has fallen out of the market," says Pat McCaslin, spokesman for Kirby Lumber Corp. in Houston. Alan Miller of Temple Industries at Diboll in the Piney Woods of East Texas says, "We're not making any money." And, Charles Magee of a Wickes building supply in Richardson north of Dallas says he's cut lumber prices more than 30 per cent so far this year and is "thinking about going lower than that." A survery of several manufacturers and distributers by The Associated Press found agreement that lumber prices are at their lowest level since 1969. An example, at the distributor level, from Magee: 1,000 board feet of lumber that sold in January for $195 now is selling for $135. These are the prices a contractor would pay for his lumber, said Magee. On a larger scale, $5,000 worth of lumber for a house six months ago now would cost about $3,500. But contractors aren't buying the lumber, said Magee, because they aren't building any houses. And they aren't build- said. Still, 25 workers have been laid off. Temple Industries, said Miller, "is inventoried right up to the rafters. We can sell at a loss or cut back on production and we're doing a little of both. About 70 of the lumber division's 1,800 workers have been laid off." Miller said the slump is nationwide. The South held on longer than the rest of the country, with the help of booming housing markets in Dallas and Houston, he said.: "But that is cratering now," he said, "and there are not per- ' imeters out ahead that look any better. "We're not looking for any big turnaround." Miller and McCaslin both said about 2 million housing starts per year are needed to meet demand, but high interest rates and tight money conditions have dropped new starts to about a million this year. McCaslin said President Ford's economic plan, which would provide money for about 100,000 new homes, won't help much. "That's only, about five per cent of what's needed. "I don't look for anything much brighter until this time next year," McCaslin said. "The demand for housing is still there. People want homes. Builders want to build them and sell them. But I don't know where the money is going to come from to finance these ing houses, he said, because nomes ,. they can't find money to fi- A spoke sman for Louisiana- Pacific at Conroe, which operates a number of sawmills and wood products plants in East Texas, said "Our sales prices have dropped substantially, even below manufacturing costs." _ T.A. Reynolds, vice president and general manager of the southern division of Louisiana- Pacific, said: "We do not foresee improvements in market conditions until interest rates are lowered and money is made available to the nationwide, depressed housing industry. "When interest rates are lowered substantially and money is made available, it would be four to six months before market conditions would improve," Reynolds said. Magee, at Wickes in Richard"We're losing money," said son, said the decline in lumber McCaslm. Kirby has cut back prices has been offset in the its sawmill operation and shift- housing industry by increases ed workers to jobs in plywood in the cost of such items as production. Plywood prices copper plunibing tubing, elec- have not dropped as sharply, he trical fixtures and other items. Prison education program challenged nance their projects. "The demand is gone, but the supply is still here," Magee said. The slump "has affected our business at least 20 to 25 per cent." For a person that has some money, now is the time to build an addition to a home, while prices are down, he advised. "Things have gone completely had," said McCaslin at Kirby Lumber Corp. which owns or manages more than half a million acres of forest in East Texas. The drop in prices at the manufacturing level, said McCaslin, has been drastic. "Lumber, random length boards and studs, that sold for $150 per thousand board feet a year ago is selling for around $50 now. LITTLE ROCK (AP) - A lawsuit was filed Wednesday in Pulaski County Chancery Court challenging the state's prison education program. In that program, inmates do printing and duplicating work for some state agencies. The suit also challenges the legality of certain duplicating and binding work by the state Finance and Administration Department. The suit was filed by Robert Gray ST., a retired printer for Parkin Printing & Stationery Co. The suit does not seek to stop the prison system from having an education program for inmates to learn the printing rade. It may, however, raise questions about whether the prison system itself can use the printing materials prepared by the inmates. The suit contends that the work done by the Correction and Finance and Administration departments violates a provision of the state Constitution requiring state printing to be dene by bidding. The suit asks that the defendants — except Jones — be enjoined from the disrupted practices and that Jones be enjoined from disbursing funds to pay for purchase of the state- produced printing. Macaroni cut into short lengths is called ditalini, which in Italian means "little thimbles." same thing," Ford said. But just before the President arrived, the Republican gubernatorial candidate in Pennsylvania, Drew Lewis, told reporters he opposed the surtax and suggested closing tax loopholes instead. And Republican Sen. Richard S. Schweiker of Pennsyvania, also up for re-election, denounced the surtax. In Kansas, GOP Sen. Robert Dole declared that many people in the state who made $15,000 were suffering economically and "the last thing they need is an additional surtax to pay." Ford also said at his news conference: —He believes a one-year surtax will be sufficient, instead of a two-year lax suggested by Rep. Al Ullman, D-Ore., the acting head of the House Ways and Means Committee. —There has been "nothing to change" his inclination;', to. fun for the presidency in 1976, —He will ffieel Oct. 21 with Mexican President Luis Echeverria in Nogales, Mexico, his first trip outside the continental United Stales since becoming President. —He doesn't think there was anything improper in gifts by Vice President-designate Nelson A. Rockefeller to several individuals, including Secretary of State Henry A. Kissinger before Kissinger joined the government, —He would meet with Soviet leader I^onid I. Brezhnev prior to a scheduled summit meeting next year if Ihere is need for an earlier conference. —He declined any new comment on his pardon for former Presidenl Richard M. Nixon prior to Ford's appearance before a House Judiciary subcom- millee on Oct. 17. Ford's pledge to improve auto mileage was a surprise to FEA By STAN BENJAMIN Associated Press Writer WASHINGTON (AP) - President Ford's pledge to improv t automobile mileage 40 per ceiii. in four years was a jarring su; • prise to his own Federal Entr- gy Administration, still coaxing auto makers to agree to a 30 per cent improvement in six years. Ford's proposal Tuesday would require an average fuel use of at least 20 miles per gallon in the 1979 new cars. But FEA officials told a reporter Wednesday that FEA had planned to reach the 20- mile-per-gallon standard either in 1985 through a voluntary program or in 1982 through a standby plan for mandatory mileage standards. Kurd said in his economic message that he would meet with the auto industry's top management to arrange a 40 per cent improvement within four years "either by agreement or by law." But the reactions of FEA officials raised doubts that this goal could be achieved that fast either way. They also raised the unanswered question: who really is running energy activities these days? Peter Griskivitch, director of FEA's Vehicle Efficiency Program, has been negotiating plans to improve gasoline mile-" : age ever since FEA Administrator John C. Sawhill proposed the idea to auto executives in a series of personal meetings last summer. Griskivitch said the companies still were asking a lot of questions and FEA was trying to answer them. The whole pro* gram, he said, "is still in the very formative stage." But if FEA did not originate President Ford's abrupt acceleration of the timetable for auto efficiency, then who did? Said Griskivitch, "I honestly don't know. Ford's speech was the first I heard of it." Ford's shift was so sudden and surprising that FEA program officer Mayo Stuntz, who has estimated the fuel savings expected from FEA auto-efficiency proposals, had no idea how much gasoline Ford's proposal could save. "We don't know what Ford means by that," said Stuntz. "We've been measuring improvement against 1974 car models, but it sounds like the President is taking 1975 models as the base, and that makes a lot of difference because they already have gained 13.5 per cent in fuel economy over last year." Ford's proposal would be a sharp spped-up in the schedule, more demanding and more fuel-saving than anything FEA has proposed so far. But the questions raised by Ford's sudden switch had no ready answers, and Ford's White House energy policy specialist, Michael Duval, could not be reached Wednesday for explanations. Low Prices with Absolutely no Compromise .n Quality "SUPER-RIGHT" QUALITY GRAIN-FED HEAVY BEEF CHUCK ROAST ONE PRICE ONLY LB. "SUPER-RIGHT" QUALITY U.S.D.A. HEAVY CALF * , no Round Steak IB$ 1 09 "Super-Right" Quality U.S.D.A. Heavy Calf Super-night Quality U.J>.U,A. Heavy <_olt & m f\f\ Sirloin Steaks . $ 1 09 "Super-Right" Quality U.S.D.A. Heavy Call T-Bone Steaks, "Super-Right" Quality U.S.D.A. Heavy Calf RIB STEAK uueo WHERE ECONOMY ORIGINATES LAMBRECHT FROZEN CHEESE 12-01. SAUSAGE Uei. HAMBURGER & PEPPERONI 13 oi. I A&P SKINLESS PIZZAS FRANKS is EA. « FROZEN DINNERS PATIO CHEESE ENCHILADA BEEF ENCHILADAS • 13 or. AND MEXICAN 12-ai. _ _ COMBINATION 11-oi.,^^B SKMlKfHMIItt 12 - 0 ^ I 1 PKG/ CUT FROM U.S.D.A. INSPECTED FRYERS BOX-0-CNICKEN BOX CONTAINS 3 LEG QTRS. 3 BREAST QTRS. SWINGS, NECKS AND 3 SETS OF GIBLETS -W* Breatt lb. 89C Druimlitki. lb. 79C Thighl lb. 75 C Super Right" Quality Grain-Fed Heavy Beef Chuck Steak. c . e :.':.. c . u .'.:. 8 r IB Super-Right" Qualify Groin-Fed Heavy Bee) Steak or < Boneless Top Round ""IB Super-R.ght" Quality Groin Fed Heavy Beef Super-Right" fully Cooked Boneless Buffet Hamsr±V L9 Sliced Skinned. And Deve.neJ Beef Liver lfl Oicor Mayer Ham Steak Qua (It i Loins Sliced into Pork Chops....ib Bake. Bio.I or Fry Turbot Fillets Capn' John'v Fried Fishsticks 88C 8OZ PKG A*j» FRENCH FRIIO "• CMc ^^ i CRINKLICUT 24BJ / t BAG' BISCUITS GOLDEN RISE PKG. ( OF 5 ARGO SPINACH 00 4-OZ, CANS LIBBY'S STOCK 1 W& NOW CANS CREAM STYLE OR WHOLE KERNEL. GOLDEN U.S. NO. 1 YAMS Fresh Snappy ^^ ^^ . Green Beans ib.39v New Crop 1 Q > Rutabagas Lb I 7V Fresh, Tangy _ ^^ , Limes EO.I UV TROPICANA MAXWELL HOUSE ORANGE JUICE ALL GRINDS ' ~ ^ BkXWtLt ,. IB (HOUS' CAN WITH COUPON BELOW " VACUUM COFFEE 100% FROZEN FLORIDA CONCENTRATE JOY LIQUID DETERGENT 1 BTL. IOC OFF LABEL EXCELLENT WEO VALUE LAUNDRY DETERGENT IOC OFF LABEL 49 OZ SWEET PEAS "^ GREEN GIANT 3 16 02 Z^f^J CANS ^H..^ ^^ JANE PARKER HAMBURGER BUNS A&P ALL GRINDS 3 I2-OZ.'V • PKOS. W 00 CHED-O-BIT SLICED CHEESE INDIVIDUAL SLICED 8-OZ. PKG. 59* MURRAY SOFT CHOCOLATE CHIP OR HAWAIIAN CAKES CHIP OR HAW .m ^B^ w 4-ir LISTERINE 09 MOUTH WASH 20-OZ. BTl. *i ARRID EXTRA - DRY $|79 POWDERED REGULAR 14-OZ. CAN FUNK & W AGNAILS WILDLIFE ENCYCLOPEDIA THIS WEEK VOL. 6 VOL. I VOL.* 49c $ 199 Exquisite Flatware 40 pJaw 5«fvi« fur 8 oaiy 13.M This Weeks Feature Dinner 33° Fork WITH EACH tt.QO VALUABLE COUPON WITH THIS COUPON YOU CAN BUY MAXWELL HOUSE COFFEE ALL GRINDS UJ6D ^•W^P^P^ l-LB. CAN $]08 Bppfer Cri(t.W limit one coupon per family. Coupon gaud thru Sal , Oct. 12, 1974 If i! i! II -Jl, WOO VALUABLE COUPON WITH THIS COUPON YOU CAN BUY A&P VACUUM COFFEE -""""« $106 •AM i 1-L CAN limit an* caupan p«r family Ceupon goad Ihru Sal., Oct. 12, 1974

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