Indiana Gazette from Indiana, Pennsylvania on February 23, 1980 · Page 9
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Indiana Gazette from Indiana, Pennsylvania · Page 9

Indiana, Pennsylvania
Issue Date:
Saturday, February 23, 1980
Page 9
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Page 9 article text (OCR)

DANTE AWARD — Sylvana Tea, daughter of Mr. and Mrs. Silvio Tea, has been recently awarded the Dante Scholarship. A 1985 graduate of Indiana Area Senior • High School, she plans to attend IUP this fall, majoring in business administration. While at Indiana, she was a member of the National Honor Society, the Key Club, Pep Club and a member of the l-Ette squad. Last fall, she was also accepted into the chapter of "Who's Who Among American High School Students." Widow duped out of $8,700 nest egg SEVIERVILLE, Tenn. (AP) — A convicted swindler duped a widow out of her S8.700 nest egg and promised to marry her, then fled after leaving her a note labeling her his 115th victim, authorities and the woman said. James C. Lindquist, 50, of Shakopee, Minn., was charged with larceny after trust and is being held in Sevier County Jail on 510,000 bond. The case will go to a grand jury next week, said Assistant District Attorney Dick Vance. Cassie Rose Strickland of Pigeon Forge said Tuesday she met Lindquist in the summer of 1983. Last September, she said, he asked her to marry him and two months later she gave him $1.200 to buy items for a wood crafts shop. . Lindquist repaid §500 and the couple planned to travel together in a trailer, bringing their crafts to flea markets, she said. "I signed a paper stating that I would be his partner. 'He kept telling me that he would bring me the (bank) cards to sign." Lindquist said he had deposited the money in a business account at Sevier County Bank, Mrs. Strickland said. Last Thanksgiving. Lindquist accompanied her on a visit to her son in Florida, where she sold a house she owned fo §12,000, giving $8,000 to Lindquist, she said. "Before we ever went down there we were talking abouHhe sale and becoming partners, working together," she said. "And I trusted him. I . loved him." In December, Lindquist left without notice, she said. "When I got home the trailer, Jim. the dog. the car, the crafts -^ everything was gone. And I found a nasty note in the closet hanging on a coat hanger. ... He called me number 115." Lindquist pleaded guilty earlier this year in Minnesota to a charge of theft by swindle for bilking a woman out of $20,000 she thought would pay for a part interest in a wood crafts business, according to court records. Lindquist was sentenced Feb. 15 to a year in jail, and served a shortened term, said Jeff Peterson, a probation officer in Scott County. M'nn. Launch date confirmed for space shuttle CAPE CANAVERAL. Fla. (AP) — A thorough flight readiness review has confirmed Monday as the launch date for space shuttle Discovery with a crew of five Americans, a Frenchman and a Saudi Arabian prince. Officials here, at Houston's Johnson Space Center and at NASA headquarters in Washington conferred by teleconference for more than five hours on Tuesday, discussing the readiness of the spaceship, the booster rockets, the tracking systems, the crew and all other aspects of the flight. Agency spokesman Dick Young reported, "They found no constraints. Wp're go for June 17." The •launch wu set for 7:33 a.m. Monday. During a week in orbit the crew is to launch communications satellites for AT&T, the Mexican government and a consortium of 22 Arab nations and release and retrieve a fourth satellite to take X-ray pictures of distant galaxies and the center of our Milky Way galaxy. Prince Sultan Salman Al-Saud, a nephew of Saudi King Fahd, and Patrick Baudry, a French military pilot, are crew members. Al-Saud will observe deployment of the Arab satellite and take Earth resources photos of his homeland. Baudry will perform French medical experi- 1 ments. The other crew members are commander Dan Brandenstein. pilot John Creighton and mission specialists Shannon Lucid, John Fabian and Steve Nagel.. Has inflation really been licked? By JOHN CUNNIFF AP Business Analyst NEW YORK (AP) — A survey of small- and medium- size businesses revealed a phenomenon that many people thought they'd never see again. Price cutting, that is, has become a marketplace way of life: The survey showed that in the first quarter of the year more than one-third of retail establishments cut their prices. Twenty-four percent of wholesalers did the same, and 16 percent of manufacturers. Until a couple of years ago, fig- •ures of this sort were rarely seen in any survey. Prices tended to increase rather than fall back. Why, many people were inclined to think, that was the natural order of things. Now, however, price cuts have come to be expected. The survey, among members of the National Association of Independent Business, showed that the January-March quarter was the 15th straight in which 10 percent or more of all companies actually reduced average selling prices. The situation brings up a controversial question: Is inflation under control? Can an inflation rate of 4 percent qualify as under control? If so, you can find many economists and investment advisers who believe the economy has entered a period of price stability. For some, the bigger fear is deflation, and it isn't uncommon today to find that concern prominently mentioned in reports from independent investment advisers, market researchers and even some academics. For the most part, though, talk these days is about the likelihood that inflation will remain under control for at least another vear. The Morgan Bank, for instance, foresees a consumer price rise of just 3.3 percent in the July-September quarter, and a rate of only 3.7 percent for the entire year. If so, 1985 will be the fourth straight year of single-digit inflation — 6.1 percent in 1981, 3.2 percent in 1983,4.3 percent in 1984. You have to go back to the late 1960s or early 1970s to find four similar years. Coopers & Lybrand. an accounting firm, says that price resistance is now part of the foundation of a new economic environment. Overall, it says, the environment is good for business, but it also observes that "the increassed competition in all segments of U.S. markets presents a challenge to American management." The consumer, says Barry Rog- stand, chief economist, "no longer accepts an automatic pass-through of prices increases."' As a result, he says, businesses have been forced to cut margins to maintain market 3nbiana (jasttte / Thursday, June 13, 1985 — Page 9 That situation also tends to hide what some consider to be the Achilles heel of the recovery and expansion. Foreign goods, it is argued; are priced relatively lower because of the dollar's high valuation in international trade. That high valuation, they contend, is a result in part of high American interest rates, and the high interest rates are a consequence of the federal government's continued budget share and profit." Some companies are failing in their attempts at the latter. For many of them the presence of imports has eliminated margins and provoked them into lobbying Congress for restrictions on foreign goods. excesses. GARDNERS Weekend Special CASHEWS 5.69 SPECIAL $ PRICE: Ib. Treat Dod to fresh roosted cashews. Sc!te<3 or unsalted. Gardners Candy Store, 58! Philadelphia St., Indiana MON.-TUES.-WED.-THURS.-SAT. 10 TO 5; FRi. 10 TO 9 FATHER'S DAY Get all your Bon-Ton purchases wrapped FREE. SALE M8.99 Young Men s LEE® Denim Jeans Our Everyday Value Price. 100% cotton, machine washable jeans with 5 pockets and straight leg styling. Dark end prewashed. Sizes 29-36W, 30- 36L YOUNG MEN ... The Bon-Ton Men's Lightweight Robes REG. $24. Choose from seersucker, pin- cords and basic broadcloths. One size fits all.' MEN'S FURNISHINGS ... The Bon-Ton JOHN HENRY Dress Shirts REG. $22. All long sleeve styling in assorted fancy stripes. Tapered fit. 14V 2 -17. Sleeves 32/33 and 34/35. MIKAEL YORK Dress Shirts REG. $16-$17. Short sleeve, fitted styles with all-white or button-down collars, 14V2-17. *21.99 4.99-*5.99 MIKAEL YORK Ties REG. $7-$9. Poly/silk stripes and solid cotton knits". MEN'S FURNISHINGS... The Bon-Ton Entire Stock Gold Toe Socks Men s Ivy Caps from STETSON REG. $3.00-$5.50. Choose from sport socks, casual socks and dress socks in ankle, mid-calf and over-the- calf lengths. One size. MEN'S FURNISHINGS ... The Bon-Ton REG. $13. Choose from assorted solids and patterns in a variety of shades. S- M-L-XL. MEN'S FURNISHINGS ...The Bon-Ton $ 50.99 Entire Stock of A/ten's Lightweight Outerwear REG. $30-$69. Basic golf and La paz jackets, some with oversized looks in canvas, poplin, cotton and crinkle cotton. MEN'S SPORTSWEAR... The Bon-Ton DAZZLE DAD WITH GUTS! FATHER'S DAY IS SUNDAY, JUNE 16TH TJ^PWWW vw thebon Shop The Ban-Ton, Indiana Mall Monday thru Saturday 10 to 9, Sunday 12 to 5 VISA-MASTERCARD-THE BON-TON CHARGES ACCEPTED "Make Shopping Easi.r . Ask About INSTANT CREDIT in Any Dajx.rtm.nT"

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