Carrol Daily Times Herald from Carroll, Iowa on April 21, 1976 · Page 17
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Carrol Daily Times Herald from Carroll, Iowa · Page 17

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Carroll, Iowa
Issue Date:
Wednesday, April 21, 1976
Page:
Page 17
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Industrial Response to Recovery is Less Than That of Consumers ByJphnCunniff NEW YORK (AP) —The question is probably one for psychological and political analysts as well as for business experts: Why is business reluctant to commit funds for capital expansion? For several months now there seems to have been sufficient incentive for a substantial rise in spending plans, but industry as a whole hasn'.t responded to the economic recovery with a great deal of enthusiasm. Not nearly to the degree to which consumers have lifted their spending and their plans for spending, even though they also continue to show a moderate degree of caution. The most common explanation seems to be that, with manufacturing capacity being utilized at only 80 per cent or so, there is still time to spare. Why build when you already have unused space? True, but it takes time to make plans and appropriate funds, and it takes time also to build and work the gremlins out of new plants. By then, some analysts fear, consumer demand will have exceeded supply. Another school doesn't take nearly so bleak an outlook. Instead, members of this group look for an increase in expansion activity to begin very soon, now that there is assurance the recovery won't be aborted. John Wright, the research- oriented head of Wright Bank- Piano Player Admits That She is a Little Bit Backward By Marian Fox MEMPHIS, Tenn. (AP) Frances Fairley used to be bothered by keeping her back turned on-her audience when she played the piano; that is, until.she learned to play backwards.. •"I've been doing everything backwards since the day I was born," she said. "I don't do any thing forward." To-play backwards, she has to .scrunch herself up under the keyboard so she faces her audience, which is a pleasure conventional piano players 'don't get. After she gets under the piano, she reaches for the keyboard like a gymnast on a chinning bar. Then with a little wrong-note fumbling, she finds the song, "Twelfth Street Rag." "I'm not sure how I got started playing this way," she said. "I guess it happened one day when I was dusting around the piano. I just got to fooling around." She said she'd been playing backwards about 35 years. When she plays upright, she uses her whole body. "But when I'm sitting with, my back against the backboard, I only have from my wrist to my fingers. It takes agile wrists to do this." Frances Fairley has never tried to promote her unusual skill, but gets requests to play backwards from students and listeners who have heard about her from someome else. "I've had arthritis in my back 25 years so you can ers' Service, whose opinions influence the handling of hundreds of millions of dollars of bank trust funds, doesn't agree with either theory. "The explanation is obvious," says Wright. "Interest rates are too high." This is his observation: "Never before has any recessionary period been followed by a monetary policy which has sustained interest rates at levels which in prior periods have been the cause imagine how I feel when I get off the floor." Mrs. Fairley was born and reared in Rutherford, Tenn., and made her debut at the keyboard when she was 4. "Chopin was my idol,",she said. She had such a passion for the piano that her parents had to lock the cover over the keybord. She was a difficult pupil when she began taking lessons. "My teacher couldn't explain anything because I couldn't keep my hands off the keys long enough for her to talk." Timei Herald, Carroll, la. Wednetday, April 21, 1976 /V\OMTC;O/V\E RV NATIONAL TRUCKLOAD APPLIANCE SALE Every Appliance in the Store Now on Sale! -}- FREE Merchandise Certificate with select appliance purchase April 22-28 +FKf£ CERTIFICATE WITH MERCHANDISE BELOW . . . OFFER EXPIRES APRIL 28 LAST CHANCE BONUS OFFER ,* A A' MMM Cut *30 J6315 I STOCK IQI IMUIDUU 01 mill ^ #7/8315 OOQ88* <W \J \J Was 269.95 Spring '76 Gen. Cat. Our 18 Ib. automatic washer has 6 cycles, 5 wash/rinse temp, combinations, auto fabric softener dispenser, and out-of-balance load compensator! DRYER CUT $ 20 GAS DRYER $30 MORE Matching 3-cycle dryer has Permanent Press, Air Only, Normal. 10 min. cool- down peripd. End-of-cycle signal. CUT *8 {11246 100% SOLID STATE CHASSIS Portable Black and White 12-in. Diagonal T.V.! Picture this—100% solidstate, 70 'iclick" stops on UHF tuner, 3'IF stage for far fringe performance, 1 pole VHP, loop UHP antennas — all in a rosewood cabinet! ' 9988* Was 107.95 Spring '76 Gen. Cat. CUT *70 #1267 Sewing Machine with Two Stretch Stitches Straight and zig-zag stitches per-' feet for today's knit fabrics! Has built-in buttonholer, and built-in blind hemmer for an invisible hem that stretches. 9088* Was 169.95 Spring '76 ~ in. Cat. Gei CUT *31 IN STOCK 101 lUMIQIAII 01IKIIT 17 rather than the cure of economic recession." Never before during a reces- sionary period, he maintains, has the prime lending rate failed to decline to well below 6 per cent, and thereby stimulate a recovery. And neither has the long-term bond borrowing rate been maintained at well above 8 per cent. While Wright doesn't refer by name to Arthur Burns, the Federal Reserve Board chairman, his criticism obviously is directed toward Fed policy. And that policy, some say, is partially derived from this being an election year. Say the critics: The Fed doesn't want to be accused, as it has in the past, of bending policy to accommodate the party in power. Therefore, it has maintained a less easy monetary policy than it might pursue in another year. The consequence, says Wright, is that there can be no major economic recovery of industrial capacity simply because the cost of financing major capital expenditures is still prohibitively high. CB Radio with 23-Channels, and Gyro-Lock® 14800* Was 170.95 Spring '76 Gen. Cat. Gyro-Lock'" uses 14 integrated circuits to replace all but 2 crystals'. Automatic noise lirhiter, dual conversion receiver, Local Distance switch prevents receiver overload. appliance purchases, April 22 through 28, at unit will notify I he- customer u-ht-n thcrt'rtif tion of salt 1 , and customer receipt of niercl made before 7/31/76 at any Wards location. the denomination specified, will be given on applicable Catalog and Automotive Center listed below. The sales es from the nearest Parent Catalog House upon verifica- his Certificate is redeemable on any catalog purchase LET YOUR WARDS CHARG-ALL ACCOUNT HELP SIMPLIFY YOUR BUDGET CATALOG SALES /V\OIVTGOA/\ERY AUTOMOTIVE VALUES «22 to«44 off pairs. Steel-belted Grappler Radial. 2 steel belts with radial cord body. •r--•'.'•,>. -A •-,/<'•'; y,.. TUBELESS WIIITEWALt, SIZE HFV78-m DR78-14 KR78-14 KR78-M GR78-14 HR78-14 UR78-15t r,R78-15 1IR78-15 .JR78-15 LR78-15 ALSO FITS 175R-1M 175R-14 185R-14 195R-14 205R-14 215R-14 165R-15 205R-15 215R-15 225R-15 235R-15 REGULAR PRICE EACH* $48 $56 $59 $63 $67 $73 $57 '$72 $78 $82 $87 SALE PRICE PAIRS* $72 $86 $90 $96 $104 $112 $86 $108 $120 $124 $130 PLUS F.E.T. EACH 2.11 2.42 2.49 2.69 2.89 3.07 2.16 2.97 3.15 3.31 3.47 KOK SllHCOMI'ACT CAKS (Not llluHlralerli 155R-13t 165R-KH 5.60-13 5.90-13 $44 $45 $66 $68 1.60 1.83 •WITH TKADK-IN TIKKS. tSINULK HADIAL PLY. I'AIKS COMI'AUAHI.V I'KICKD. Grappler Radial sale ends May 11 lm Save 25-30% Steel- belted Road Grappler. TUBELESS WHITEWALL SIZE A78-13 078-14 E78-14 F78-14 G78-14 H78-14 G78-15 H78-15 L78-15 REGULAR PRICE EACH$40 $43 $47 $50 $53 $57 $55 $60 $64 SALE PRICE EACH* $28 $32 $33 $37 $39 $41 $41 $45 $48 PLUS F.E.T. EACH 1.86 2.12 2.41 2.56 2.71 2.93 2.79 2.99 3.31 •WITH THADK-IN. sale-priced thru Apr. 27. . . . Any Size in Stock . . . A TT Ea LIMITED AS LONG AS YOU OWN CAR SHOCK ABSORBER WARRANTY msKilled! Monlcjdmeiy Wrml w.ll lu.mvh i, .1 UiiK lot oi»y iemo» It Moniyoim-i, Wfitil ong.riciKy installed I fie %hocL tit) Mxlx-r. il w.ll iiisldll the replacement f,et> fieluf" -.hatl nhsoflKM to any Monlgomri y WcnH brunch (any bfcinch hovmy msUillo 'ion fcicidfics, >f free KuKillof.Ofi «t<lud?ti) Illi\ Mdcroilly (toes HOI Iipply IO \hocL <tb >o \hotV (ihsofhfFS (hiiiitiqetf •'« on ouio LOW-COST INSTALLATION AVAILABLE SAVE 28% IN PAIRS WARDS TOWN AND COUNTRY SHOCKS Heavy-duty piston offers more bounce control than most originals. [44 'EA. IN PRS. REG. 8.99 EACH SAVE 2.00 OUR SUPREME MUFFLER Tough galvan- __ QQ ized steel for Tj ^W years of care- * ' free service. REG. 19.99 LOW-COST INSTALLATION AVAILABLE MSSS? • Assures fast all- weather starts • Virtually maintenance-free • No points, condenser to wear out SAVE *10 NEW! ELECTRONIC IGNITION SYSTEM | Improves spark plug ^ life, gas mileage. Re- C^/| 88 duces tune-ups. Solid- state. Moisture proof. Fits most US cars. REG. 64.95 \\\\\V\\W\N>; SAVE 5.10 PORTABLE AUTO RAMP lifts vehicle ^rvao 8". 4,000-lb. ca- 1H S pacity per pair. 9" wide. REG. 24.981 FITS MOST CARS CUT 26% REPLACE YOUR AIR FILTER NOW Our air filter O19 traps dust and £* dirt, helps im- REG. 2.99 prove mileage. SAVE AT WARDS LOW PRICES - USE CHARG-ALL CREDIT We care about your can AAOIMTOOAA E R Y Highway 30 East CARROLL Phone: 792-351 5 Automotive-OPEN 8:00 a.m. to 5:00 p.m. Man. thru Thurs. & Sat.; Friday till 9 p.m. Catalog OPEN: 9:00 a.m. to 5:00 p.m. Mon. thru Thurs. & Sat.; Friday till 9 p.m.

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