The Palm Beach Post from West Palm Beach, Florida on December 11, 1976 · Page 9
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The Palm Beach Post from West Palm Beach, Florida · Page 9

West Palm Beach, Florida
Issue Date:
Saturday, December 11, 1976
Page 9
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Page 9 article text (OCR)

Palm Beach Post-Times, Saturday, December 11, 1976 A9 IT Banks Cut Prime Lending Rate if NATIONAL 20 million bushels higher than USDA estimated two months ago. Last year's wheat crop, which set the previous record, was only about 12 million bushels smaller than the 1976 harvest, the department said. No new production figures were announced for corn, the other major crop which will figure prominently in the U.S. food and export supply in 1977. Estimates for corn and other 1976 crops will be made next month. i"V '-7 'KViM f r.-.f, year's harvest, the Agriculture Department said yesterday. Officials said the new estimate, based on Dec. 1 surveys, was over quoted one federal investigator as saying $100 million "would be close" to the suspected loss and it could be higher. "The allegations deal with creation of fictitious and fraudulent trades and transactions for the purpose of avoiding tax liability," Skinner said. ' The "largest task force ever assembled in this district" will be employed in the investigation of the two big Chicago-based markets, he added. USDA Announces Record Wheat Crop WASHINGTON - The 1976 wheat crop was a record of almost 2.15 billion bushels, slightly above last JPfCMl GROUP IJsrffl I PER YARD WL 'Q'Wr 'IK'U' ' j- J Diamonds with a twist. Two twists, actually. First twists and swirls of 14 karat yellow gold, to please young ladies of every age. The second twist? Surprisingly modest price. A. $75. B. $175. C. $165. D. $150. Something Beautiful for Everyone. SM Use one of our convenient charge plans or American Express BankAmericard Master Charge OUT OF PAWN MERCHANDISE IESS THAN HALF PRICE CUSTOM TAILORED IN OUR OWN WORKSHOP CAMERAS Polaroid ,JAn. Antique Satini i Sheen. Must be 85" to 117" long. For drgw drapes, add $1.00 per panel for findings. Hove our decorator trained representative bring samples to your home. &4NH AMERICARD Jacob color Pok :iirw Polaroid 420 .32"" Movie Cameras gjggo from lw FREE ESTIMATES CALL: 833-9706 or 833-7000 Fine Jewelers Since 1890 158 Palm Beach Mall West Palm Beach Also Jacksonville Orlando Merritt Island Tampa Daytona Beach Ft. Walton Beach 217 CLEMATIS ST. WEST PALM BEACH FOR THE HOME SEWER WE CARR. THE LARGEST SELECTION OF DRAPERY, UPHOLSTERY, SLIPCOVER AND DRESS FABRICS. Projectors, 35 mm Cameras Binoculars 507 15th St., W.P.B. From Post Wire Services NEW YORK - A number of major commercial banks cut their prime lending rate yesterday, signaling a possible, though temporary, cut in the rates for mortgages. According to a spokesman for the United States League of Savings Associations, the prime rate cuts made by the Bank of America in California and New York's Citibank and Morgan Guaranty should be reflected in small reductions in mortgage costs "sometime at the end of the first quarter" next year. "But it will be only a lA or per cent drop" from the current national average of 8 per cent, said Herry Pierson in a telephone interview from Chicago. After the mortgage rates fall, Pierson said, "our people are expecting them to start inching up again later in the year" as loan demand grows. (jM Heaches Agreement With Striking Union DETROIT - General Motors Corp. reached agreement yesterday with the International Union of Electrical, Radio and Machine Workers on a new three-year national contract, 10la hours after four Ohio plants were closed by 25,000 striking workers. Details of the new contract were being withheld pending ratification votes by electrical workers at six plants in Ohio, New Jersey and New York. It was the third walkout against the giant automaker in less than a month - the others involving the United Auto Workers. GM said it hoped the closed plants would reopen by Monday to prevent an interruption in the supply of major component parts to its automotive facilities. The IUE said, however, that workers may continue strikes over local issues. Western (Governors Adopt Task Force DENVER - Governors of a dozen western states yesterday adopted task force recommendations to eliminate or consolidate numerous interstate agencies dealing with energy, water, agriculture and other problems of mutual concern. The governors accepted suggestions of the task force, created last July to study the problems of multi-state organizations, which the group said could save taxpayer dollars and increase interstate efficiency by eliminating duplication of effort. The chief executives also gave the task force the go-ahead to work on a plan for consolidation and reorganization in the areas of energy, human and natural resources, agriculture, water, education and research and technology. All of the resolutions were adopted unanimously with the exception of that on energy, which was opposed by the governors of North and South Dakota. "I just felt it was too soon to vote because there is so much to consider," said South Dakota Gov. Robert Kneip. "This resolution has diluted my state's vote, participation and influence, and I object to that." Investigation Ordered In Tax Fraud Claim CHICAGO - A major task force of federal agents has been ordered to investigate charges of multimil-lion dollar tax frauds involving transactions on the Chicago Board of Trade and the Chicago Mercantile Exchange, U.S. Atty. Samuel K. Skinner said yesterday. He said it was impossible to determine "the magnitude of any fraud that may have occurred" at this time. The Chicago Daily News ddi dime (for Clhirbtainis!! PoDtrelrflfinse 0 0 0 btapegng hoteil foam it SETS $2 mm 9 VAMP SALE STARTS TODAY! 9AM SHARP! West Palm Beach Store Only . ' ' 1 This uiiiuuiiuvi) -vrf niiio him y,wu v." . m VM333 Mm X - V V nj ru L A A - . 4 " -,,7 - - sometnmg ne really wants -a HOMELITE chain saw. mi f .-" H , ,y v v' r.f- , v n a m . 1 ff ynfr-'v 1 nit: Jc H til t , dJX" ejS i s ml,,. SALE HELD AT WEST PALM BEACH STORE ONLY Pullman's Furniture was offered a tremendous buy on this fine foam bedding. It is a complete truck load . . . but it is a one-time-only deal! These units are built to commercial specifications. They are very firm, and covered in a heavyweight, attractive, blue on white striped ticking. Borders are pre-built, crush resistant. Bears Ser-tapedic Hotel label, reserved by Serta for contract Hotel-Motel orders. For immediate delivery ... no hold orders. Buy yours at your earliest convenience to be sure! The Homelite factory representative will be here Dec. 1 1th from 10-5 to demonstrate and answer questions about Homelite Chain Saws. -SMITTY'S I SERVICE SHOP 3461 Military Trl. Lake Worth One Block North of Sears Town 2821 South Dixie Hwy. n" in 1

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