Northwest Arkansas Times from Fayetteville, Arkansas on April 26, 1976 · Page 14
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 14

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Monday, April 26, 1976
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14 · Northwest Arkansas TIMES, Monday, April 26, 1976 Investors Fidget As Stock Market Stalls By JOHN C U N N I F F Buslncss Analyst NEW YORK (AP) -- For ai least two months the stock market -has moyed within only narrow boundaries -- between roughly 960 and'1,010 points i. (he Dow Jones industrial avtir- age -- and many nn'investor is getting a bit fidgety. Investors' always (eel belter when tbe market is headed in one .direction or another, because tlieri tbe momentum ol the 'market supplies , its own forecast ot the future. It's the turns that arc tough to call. At the moment you can take your pick of direction, as",you always can; and equ ally s o yon can take your pick of forecasts too, as you often can Ther/3 seems to be no clear-Ctrl' consensus, no. conviction, no di- eclion offered. The nearest lliing (o a typical forecast is this: over the long- term the market will continue to advance, reaching npw highs on Hie industrial average by the year's end, but in the meantime Ihere will be a correction. : . DECLINE That correction, which is .. euphemism' for decline, is yari- ouslv forecast to range from 10 per "cent to 20 per c e n t / a n d . t o occur in almost any month, probably in May or June. Note --the neatly .trimmed hedge: .The market will fall, but it will rise. . . . ' · = . In th/? .meantime. ..the markcl China Not Interested In U.S. Weapons Or Alliance d ele'gation j u-st back a week-long visit WASHINGTON (AP) -- China is not interested in buying U.S. weapons or forming any · defense alliance with the tjnited States according to a congres lional from China. "The ·group did not meet wilb Hua Kub-feng the new premier but conferred for 90 miri- uies with Vice Premier Chang Chun chjao and Foreign Munster Shiab Kuan Hua. "They were not interested in H .. formal defense association with" the United States" Rep. William Randal!. D-Mo.. s a i d Sunday nigbt. "They expressed no interest iri acquiring either U.S. weapons or military technology." In a telephone interview he said tbe Chinese believe. they have "irreconcilable . differences with Russia" and he tidded Hi at officials stressed their determination lo be "inde^ pendent and self-reliant." The delegation led by Rep Melvin Price," "D-Ill., returned Sunday from a trip undertaken at the invitation of the Chinese Nine members of t h e - House Armed ' Services and .Inter national" Relations committees made the journey. : U.S. officials hwve apeculatec about giving military aid to China, former Defense'. Secretary James R. Schlesinger re vealed recently but never wen beyond the speculative stage. Schlesinger and Senate Ma jority 'Leader Mike Mansfeli generally regarded as the Sen ate's foremost authority b China have said (hat militar; aid to China should not be re jecled "out of hand." Randall said the Chinese po sition seemed to be "You g your way and we'll go ours. And he added: "I believe ir their sincerity." · Carter Takes Issue With Jackson On Low Wages s very niuch tike mi nmbitious ·iiddle-lcvcl nianageaicul mai hose career has been stalled (e's convinced he has the oods, buHif fears there is too mch In life he cannot control. A person or a market so tailed tends to become neurot c -- to look COL' reasons, to in ·cut them. There must be logi- al explanation, both manager investor say. icre isn't.- Bul maybe At the moment you have corcs.or analysts trying to.tig ure out what the. Federal He serve is up to. Like witch doc- ors sfudying a pile o[ bones, hey p\a-mine and dissect mon etary figures seeking a pattern, a signal, an omen. It does no good to attempt calming the analysis- does no good to point out thai maybe even the Fed doesn't know vhat it's going to do.' The mar\et needs, information, no mat- ,er how thin or distorted. WHAT IS IT? Another big worry is about what the insiders are up to. Studies have shown that a good ma ny, corpbrat e c xecu lives have-be^n sellers of late. Do they know something? If so. -hal is it. they know? And what is the market likely to do with that Edspn Golild forecast overhanging it. Gould, a highly respected forecaster, believes prices" might be headed f o r - a fall, perhaps to below PHILADELPHIA. (AP) -Former Georgia Gov. Jimmy Cirter saj s Sen Hetir\ M Jackson ot Washington is being "absolutely ridiculous" when he blames" unemployment in the North on lower-, wages : paid workers in the South. "I don't think it's fair to say that we have' unemployment in Pennsylvania because' the South has cheap: labor 'or righi-lo- work laws," Carter 'said- Sun- dav on ABC-TV's "Issues and Answers" program. "To blame the unemployment in Pennsylvania on right - to work Uns's.that have been;there ever since Harry' TnimanVday 1 think is absolutely ridiculous," Carter said. The program featured:Carter, Jackson tenders and for three other · con- the ! Democratic presidential nomination:-- Rep. Morris K. Udall of Arizona, Alabama" Gov, lace and Sen, v» o uld sign a ne\\ cam pa ig n spending law expected to be passed this week, Jackson. Udall ,and Curler continued their cross-stale campaigning .today -- Jackson in UuiTisburg, : Philadelphia, Pills burgh and Johnstown: Udall,HI Philadelphia, E r i o; Johnstown and Pittsburgh; and Curler fly i n g ' f r o m Pittsburgh to Philadelphia h Udall-canceled flll of his .Sunday appearances after the ABC-TV telecast lo' work five - minute speech he planned for tonight "on/ rftttlccial tele' vision; On · "Issues and : Answers" he candidates were" asked "who vill win Tuesday's election. Wallace: "I wish that the na tional news would-Indicate thai 1 ran I want George. C. -\Val Frank '.Church oE Idaho. AH but Church are on the ballot for Tuesday's", primary election'in Pennsylvania FOCUSED As Ihc Democrats focused Eheir attention on ^Pennsylvania, President Ford and former California Gov. Roonald Reagan, battling for .the Republican 'nomination, prepared for more work in Texas, where voting is May. 1. Ford is scheduled ' lo · canv paign in Texas Tuesday through Thursday, arid Reagan due there Thursday Reagan over the pi 900 points on the Dow Jones industrial average. There are a lot of other worries too. .Why aren't corporations putting -more money into expansion? Why are so many sccond-and third-tier companies unable to attract attention to their shares? Why aren't individual investors, in contrast to institutions, more active than they have been? All these. doubts, . tears and questions will disappear from consideration as soon as the market begins moving. But. -xa Aue s^33S i] 'si i! su planations, even " implausible ones. , picked "up "support weekend from Re publicans in four states, including South Carolina,' · where he was assured of 25 of Ibe state's 36 GOP national, convention delegates. / South Carolina's, publican convention '.-. am a candidate. second here in 1972. .he people of Pcnns) h aiim to I - a m ·running hill I can make ho prediction. ' Udall: "I'm handicapped w i t h monc\ but we're going to 0*0 all .right." Jycksoh: "I Ecel I; am going lo win the delegate contest. The preferential contest ;· popularly referred to "as ; a beauty contest is going to'be close. I feel a surge in the last two or three days'and I got a good chance ol winning the beauty contest as well." Carter: "We skirted oul-wa; behind in Pennsylvania. hink most of the voters are for me. But there is a great deal o slale gave four delegates to Kord, and six were not committed to any candidate. The challenger also" won Ex-Convict Takes Own Life backing in Oklahoma, ftlissburi and Arizona, while Minnesota's Republicans favored the President in partial returns from GOP district meetings: ; STRONG BACKING Jackson, with strong Jhacking from Pennsylvania's labor leaders, has argued in campaigning 'or , the state's primary^ lhal Northern jobs have been lost to Bloody Trail Leaves Three Dead forged a bloody trail through' Georgia and Florida, an ex-convict snorted cocaine and bragged about his shooting and kidnap rampage that loft three dead and 13 wounded.' He ended the saga by killing himself, authorities say. "When he talked ^a bo u t all those people being dead, he would laugh about it," said Susie Critton, a hostage who taped unharmed. "He was smiling .about it like ho was glad. He had no regrets. He just b ept t alking an d sniffing the cocaine." Mps'es Pearson "Jr.i 31, apparently was angry , at being -cheated in a cocaine deal when he started the crime spree in his' hometown of Jacksonville^ Fla.,. on Saturday nJghl, author- ilics said. He left two men dead [here and six wounded. FLED NORTH Then he fled north into Geor gia, killing a third man. and wounding seven others. Along the way,, he abducted six women who csca ned un harmed -- three who drove him into Georgia and a Bay Village Ohio, woman and her two teen ^age daughters, abducted on c Geargia highway. Pearson began, his rampag ·'with; three shootings within a 30-minute span in, north Jack 'sonville, police spokesman 'Mike Gould said. At all threi locations he demanded money. VRobbery was at least a par tial motive, but we feel there' a strong possibility of a drut tie-in in all those cases. Eithe he .was ripped olf or had beei 'ripped off" in the past," GotiM 'said. "We know he had an ar gumenl with some of these people." Gould said Pearson shot am killed Horace Fallen, the man ager of a used car lot, in Fall en's office. Two others ther were wounded. G ould said in vestigators believe a cocain deal was the source of "ba blood" between Pearson Fallen. As authorities reconstructed Pearson's wild odyssey, he the went lo a roadside wig sho where he shot and killed th manager, George Quarles, 55 who had sworn o u t warrant for Pearson after a robbery a the shop last week. THREE WOUNDED After wounding three person at the nearby home of a worn a who worked in the wig shop authorities said, Pearson aban doned his car at a drive-in quor store and abducted Mrs Critton and Anita Cockficld, 22 'and her sister Sharon, 18, Pearson forced Ihe women 1 drive him to a wooded are where he picked up a suitcas filled with money, Iwo othe guns and a change of clothe. TJien they drove north to Gco gia. At a (ruck stop in Cordeli Ga,, 170 miles north of Jackson ville, the four went inside f coffee, Mrs. Critton said, Whe Pearson aJtowed Sharon Coc! field to go to the bathroom, sh managed to tell a waitres about the abduction, When police arrived, Pcarsi wounded Iwo deputies and t w bystanders. The sisters caped, but Pearson kept Mr Critton as he sped away, In Pinehurst, 20 milc.s nor it Cordcle on Interstate 7 emphasis "placed on machine jolitics in Pennsylvania. . . . J ve have a, good ' t u r n o u t I'l :ome in first.' Jf we have M poo urnbut Ihcn f may not." . - . ' There are eight candidates 01 he Democratic popularity bal :ol: Carter, Jackson, Udall Wallace! "anti - abortionist Ellen McCornrack; Gov. Milton J Shapp of Pennsylvania, S e n Birch Bayh of Indiana" and for mer Sen. Fred Harris of Okla joma. , Shapp. Bayh and Harris with drew fro ha'the prcsidenlial rac i.oo late to have their names re moved from Ihc ballot. Pennsylvania will send 11 delegates to the Democrat! convention. 'Voters,,will choos 13-t Tuesday and another \4 wi be chosen later by the party Pearson tried to rob a" service ation arid, shooting w i l d l y . tilled attendant George Griffin r., authorities said. During the Looting, Mrs. Critton escaped. RAMS CAR A short time later, Pearson wounded another service sta- ion attendant in a robbery at- empt on the highway north of 'inehurst. Still driving north on 1-75, au- lorities said, Pearson rammed nto the rear of the car of the -eslie : Janda family, heading lome to Ohio after a Florida vacation. Pearson shot Janda in the arm, commandeered "the car and abducted Mrs. Janda and their two teen-age daugh- ers. · · · · · · ' :· ." . "Sometimes he was nice to us," Jodee Janda, 16, said later. "But he kept talking abou idw, it's .a white man's work and a black man can't even en- oy the birds, the trees and the sunshine." But Carl Chappel], an agent for the' Georgia Bureau of Investigation, said there was "nothing to indicate any-racia angls at all", for Pearson, who was black. Chappelt . said the victims included b o t h blacks and whites and -"it wouldn' iave- mattered what color you were." · ·' Janda said he flagged down a ruck driver ' with a citizen's H and radio who called police. 3 olice. set up a roadblock at S aeon, but Pearson .eluded it. Forty mites from Atlanta, in ? Jackson, Pearson lost control of n he car and crashed. J] He shot once at Mrs. Janda " ut missed^ and she fooled him p jy playing dead, authorities ^ said. Pearson then shot him- a self, but officers said h e - m a n - " aged to fire a shot at them as * :hey approached the car. Pear- r son was dead on arrival at. a It local hospital. I Police said Pearson had two .38-caliber revolvers and a .22- e caliber pistol on him when he v was . stopped. .Another : pistol t was found at ori'e of the service c stations. - - g Jacksonville police said Pear- c son was free on $2,500 bond ^ after bis a r r e s t April 1 on t. charges of impersonating a po- e lice officer. Gould said fingerprints also linked Pearson to a robbery a last \vc.ok at a Jacksonville gro- j eery store where three people ( were killed and one wounded. Gould. .said. Pearson's crim ] nal record also included charges of breaking and enter- c ing and grand larceny. Records : show he served trme in jail on ~ 1D66 federal conviction for mail theft and -forging government checks. i [ - · · · · . . Bilingual Ballots For Indian Tribes Pose Many Problems Associated Press Writer The federal law requiring bilingual ballots has been welcomed in many Spanish-speaking areas, hut wh/*n it comes to printing ballots in Indian languages, many election cfficia s are in a quandary. Chickahominy 1 'and Arikara are' virtually extinct. Lumbee and Ojibway are unwritten languages. Cherokee, says one election official, "looks like a cross between hieroglyphics and Yiddish." And in Flay wa rd, Wis ., city clerk Rolf Williamson" said the. Indians in surrounding Sa\vyer County "read English belter than I do." Hay ward itself, population 1,600, has about six Indians but none speaks or writes an Indian language, Williamson said. Nevertheless, Hayward was one of about 500 towns, cities and counties which have been told to come up with bilingua ballots and election materials. The bilingual requirements are included in amendments to the Voting Rfghts Act. Congress passed the amendments las August in an attempt to make it easier for more Americans to vote. Last week, th/i Just cc D e p a r t m e n t issued modi fications of interim guideline, sent out last fall. The bilingua rules are to take effect after a 30-day period for public com Some areas, even though ccn sus f i g u r e s say they should use bilingual ballots, may be ox cmplcd on a common sens basis. For instance: Charles City County in Vir ginia was on the Justice De part mint's list. More than per cent of the county's 5,200 ·esidents are Chickahominy Indians, so theoretically it is sub- cct to the amendments. However, the Justice officials agreed with Virginia Atty. Gpn. Andrew P. Miller that Chickahominy is a dead language, hat all the Indians know English, that few if any know or read a word of Chickahommy, and thai therefore bilingual ballots arc not "sensible." Justice Department attorney David Burns said the department's list of bilingual ballot areas was ccompilcd on the basis of Census Bureau reports and failed to consider other conditions. Gas Welf Chokes CnOWLEY, 'l,a. CAP) -- A wild natural gas well in Acadia Parish was choked off Saturday and the sheriff's office said people who fled from the immediate yrca were returning home. , Five families bad been evacuated after the well began spewing gas and water Friday afternoon during workover operations. Deputies cordoned off the artfc while workers plugged the well with the mixture that drillers call heavy mud. The well is owned by Pelro- funds Inc. of Houston. C. M, Berry, vice president, said workmen had lo let the well spew lo case pressure and avoid a more serious blowout. Berry said pressure at the wellhead had threatened lo get out of hand during workover activities. Alternative School is A 'Choice' Southern "states with [right-to- state committee,work laws, among them Georgia. ; The so-called "right-to-work" laws prohibit union shops, and Jackson maintained that this encourages lower pay and .thus flight, by industry lo t h e ; South, didn't cite specific' differences in pay. Udall, Jackson and Carter anguished, meanwhile, over the halt in distribution of federal matching money that has left their campaigns short of funds. Jackson and Udall ' blamed President Ford, while . Carter, admitting be, loo, would like to hang (he problem on Ford, faulted Congress for not swiftly reviving the federal campaign law knocked down ' by the Supreme Court. , ' The high court said the Federal · Election ';.! Commission, which handled distribution of the matching money, was un- cohstitibnaily. comprised. .Cori- gress did not reconstitute the commission by a deadline set by the Supreme Court, and distribution of the matching money was stopped. UNFAIR "It's really u n f a i r and G6r- LITTLE ROCK (AP)' -- D vid Divycr of St. ' Louis 'sa Sunday alternative educali doesn't- necessarily mean radical alternative, a more pe missive alternative or an e perimcntai alternative. He said it just means a d ferent choice, or: another tion. Dwyer/ who .teaches at t Clayton Alternative School, program for 45 high school s dents, spoke to teachers a parents at the Arkansas Educ Lion Association Building. I talk was sponsored by I AEA, the Pane] of Am»ric Women and the -Classroom Community Council. Dwyer said it was absurd to think that a single method of. aid Ford's aiding and abeltin-g teaching would be the the while thing*' Udatl said. "I method Jor all students. can't get the money I need to make my case in Pennsylvania." "Well of course," J a c k s o n said. "He (Ford) doesn't want Ronald Reagan to get his matching funds and the President has the most money"." « Carter observed "I'd like to blame President Ford for lall we can, but it looks to me like the Congress* is the one- lhat hasn't acted."· Udall agreed that . some' ta^'hUn what Dwyer caUed"a Democrats may have . gone "family setting." Tlwre also a l o n g . _ w i l h . - a delay .hoping It arR f r e o schools with a "lot of He said the Minneapolis public schools now offer a'choiceinf! four basic methods of iristruc-; tion Lo parents and students. There are schools that arc strictly traditional with lectures, tests, grades and strict schedules. There are schools with a ."continuous learning" approach -where, students work at their own level at a given sbjcct regardless of grade or age. ' There are open schools would lead lo a deadlocked convention that might open up a presidential draft Tor Hubert'H. Humphrey of Minnesota. : But UdalT insisted the chief culprit was Ford because he refused lo tell the country he ofE-camrjus experience. Dwyer said, that ot all the students in the district, somn will he best served hy each of lh,q four notions. The narents a'n : dstudents are free to join any. of the four. CHIEU HANH's ORIENTAL FOODS 1914 W.Wafnul, Rogers (across from Bonanza on Hiway 71) A complete line of imparted oriental foods/ Fresh and dried seafoods »nd Chinese vegetables. ' EVERYBODY WELCOME! Open Daily from 9 AM to 7 PM Tell your Mom she's a FOR THE · FAMILY ... I Ken's Pizza Parlor 409 WEST DICKSON FOR BUY TWO, GET ONE FREE! Void With Any Otfi«r Spxlcrt (Not good on delivery of carry out) OF EQUAL VALUE You can let iMonrkhow just how much you appreciate her with a personal message to her · : on Mother's Day, May 9, in a special feature of this section. ' Add an extra special touch to an already special day for your Supermom. Chances are she will think -you're pretty super, too. . . The cost lor a Supermom message is only $1.80 for 20 .words. Extra words -- .09 each. The deadline for placing your greeting is May 7th. Fill out the coupon below and mail to Northwest Arkansas TIMES P. O. Drawer D Fayetteville, AR 72701 i · i i i ·, .-K '·· i ' ·'· i . . i · 1 ''·! 1 '-.. 1 -i 1 1 I Print message c 1 word pe; space | end ol Fast line 1 1 | 1 i " " " " " · ' · ; - -----«·- -«j 1 ; . i · i i i - i · , . : · · · · Jl.so I . . . . · · · - . . . . 1 '. ' . ' ' ' ' · ' : · · : $2.15 * . ·*?·» i j i $3.25 1 early -write one -~ Your Signature I jscd. . " Your Andres* * City, Stale, Zip J 1 1 1 1 · 1 or call Classified 442-6242 REMEMBER GRANDMA, TOO, ON MOTHER'S DAY!

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