The Naples Daily News from Naples, Florida · Page 13

The Phillips Survey NAPLES DAILY NEWS Tues., July 15, 1975 3B Summer Turndown Is Projected BY KEVIN P. PHILLIPS AND ALBERT E. SINDL1NGER Spring's economic confidence upturn has leveled off and the scene may now be set for a summer downturn. This projection derives from ongoing June Sindlinger polls of household consumer confidence (including current income), plus comparison with the seasonal patterns of previous years. Here are the principal patterns andattitudes: · Over the last five years, spring and autumn have been the principal periods of improving consumer psychology. · / SUMMER AND winter have been the seasons of slumping economic confidence. · Sindlinger Consumer Confidence indexes have ' registered heavy summer declines in 1970, 1971, 1973 and 1974 -- with 1972 (when wage and price controls were in effect) being the only summer in the last five years to not show a confidence decline. From May through June, 1975, Sindlinger and Co. consumer confidence levels have plateaued at belween 50 and 60 per cent of U.S. households. Income and job expectations have also stabilized -- on a dangerously low level. During-the last five years we have observed that spring has frequently been a season of stable or improving economic confidence. That was especially noticeable in 1974 when spring saw Americans dig themselves out from the gloom of the winter energy crisis. And it has been true again in 1975. AT THE SAME time, the summer has been a season of Mexican Scientist Says U.S. Changed Fifi's Path MEXICO CITY (UPI) - A Mexican scientist has accused the United Slates of changing the course of Hurricane Fifi last Ocober and causing 10,000 deaths in Honduras. Dr. Jorge Vivo, director of the Geographic Research Center of the University of Mexico, said Monday the United States "artificially detoured" the hurricane to Honduras to save Florida'stouristindustry. But Neil Frank, director of the National Hurricane Center in Miami, said Monday night U.S. officials did nothing to ! alterthehurricane'spath. Vivo told the newspaper El Sol de Mexico he held the United States responsible for 10,000 deaths and millions of . dollars in damage caused by Fifi in the Central American nation. ; He said he believed U.S. weather authorities used silver · iodide against Fifi as part of ! what he called "a systematic action" to change its course. · Silver iodide is . used in "salting" clouds to cause rain. ' Frank, in denying the charge, said U.S. weather officials did ; not , conduct any "salting" -'experiments last year. He said i"."none i s p lannedthi s year." j£' Vivo said Fifi would have · died out along Mexico's gulf coast "without hitting Hon- j'j jluras" if left alone. But he said ·· ;the hurricane refused "to die ' 'Out in spile of being over land ! Iseveral days" and went on to ; 'hit Honduras. · ; He said the National Hurri! "cane Center began expressing I icqncern several years ago I |about the "paralyzing effects" of hurricanes on Florida's tourist-dominated economy. "Subsequently, itwas decided to finish off all hurricanes in Corps Sets Waterway Permit Exceptions ' · JACKSONVILLE - A r m j ,1 engineers have advised tha ) ; the following are the only ex ' · ceptions f r o m Corps of En gineer permits for activitie : ' performed in the navigable ;; waters of the United States: · / Aids to navigation ins ' tailed by the U.S. Coast Guan ' (aids, privately installed, di ;; require a permit). ' i/ Structures in a r t i f i c i a l canals w i t h i n principal!; ;:; residential developments (ex 0 ; cavation or filling do requin ·· permits). ! '· / Repairs in kind of exist ° ; ing structures. ;; Col. Emmet C. Lee Jr. Jacksonville District En »': gineer, said the warning wai *" prompted by an analysis madi *' of the new Florida Environ '= mental Reorganization Bill ·I'The b i l l , signed into law by ·I Governor Reubin Askew in ; May and e f f e c t i v e J u l y 1 · exempts a number of activities ' i n t h e navigable waters from '· permit action by the State o ·;, : Florida that still require per ;;[milling by the Corps of En J gineers. r '(-*. : 1 · p*« ;- f:.i i 1 V." SACRIFICE by Owner Replacement cost $100,000 SALE PRICE '79,500 - MOORINGS Michigan BriarhiH 4 bedroom, 3 bath, carpets, drapes, all appliances nice lot 597-6674 ·the Caribbean and Atlantic, the United States of causing s a l t i n g them with silver droughts in northern Mexico iodide," he said. through alleged rain-making Vivo has previously accused experiments. downturns. In summer, 1970, consumer confidence slumped sharply. The same thing happened in 1971 when public fear of inflation sent confidence levels plummeting in July, forcing President Nixon to impose Phase I wage and price controls in August. There was no marked summer downturn in 1972, partly because of the effectiveness of wage and price controls, but the pattern resumed with a sharp July downturn in 1973. Then in 1974, we once again saw consumer confidence plummet in early summer triggered by inflationary fears and reports of European and American bank collapses. Part of this is based on a coincidence of political and economic factors, but part of it is also cyclical - spring is a period of returning confidence, while summer is one of letdown. Confidence then has often picked up again in the fall. Our data shows this a u t u m n a l resurgence clearly in 1970, 1971, 1973 and - to a lesser extent - in 1974. In the fall of 1974, (here was only a short period of returning confidence, which quickly yielded to the sharp · winter downturn that caused our confidence index to plummet to an alllime low. Since then, confidence has recovered strongly, levelling off in the last few months, FROM THIS data and from the pattern of the last five years, the odds favor a summer decline in confidence levels. But the size and significance of any such downward movement still remains unclear. NOW IS THE TIME TO TRANSFER YOUR TO NAPLES FEDERAL OPEN A SAVINGS ACCOUNT OR ADD TO YOUR PRESENT SAVINGS... FOR 1QO to'2,499.99 'YOU RECEIVE GREEN STAMPS PER ACCOUNT FOR 5 2,500 to '4,999.99 YOU RECEIVE GREEN STAMPS PER ACCOUNT FOR '5,000 to '9,999.99 YOU RECEIVE GREEN STAMPS PER ACCOUNT FOR 10,000 or more YOU RECEIVE GREEN STAMPS PER ACCOUNT GREEN STAMPS REGULATIONS PERMIT ONLY 1 GIFT PER ACCOUNT... NAPLES FEDERAL AVAILABLE AT ALL 5 OFFICES N A P L E S FEDERAL A N D L O A N A S S O C I A T I O N IS STILL PAYING THE HIGHEST INTEREST ON YOUR SAVINGS! MAIN OFFICE - AT THE 4 CORNERS, NAPLES PARK SHORE BRANCH - PARK SHORE DR. N. TAMIAMI TRAIL MARCO BRANCH - MARCO LAKE DR., MARCO ISLAND BONITA SPRINGS BRANCH - BONITA BEACH RD., BONITA SPRINGS LELY ESTATES SO. TRAIL ft SR 864 VINOS Nick's LIQUOR SALE I SEAGRAM'S I CUTTY 1 V.O. A SARK QUART SCOTCH SCORESBY oi GLASGOW 86° QUART ROBERTSON'S 86.8° Extra light . . . QUART GRAND OLD PARR 86.8° FIFTH CLAN MACGREGOR 011ABT WHYTI ft MACKAY 86° MART AINSLIES 86° BLACK LABEL QUART BALLANTINE OUAflT MACARFrlUR'S SCOTCH ·. . OUART VODKA* GIN SAMOVAR SUPREME VODKA QUART KULOV IMPORTED or SMIRNOFF SILVER QUART CROWN RUSSE VODKA QUART SCHENLEY VODKA QUART SAXONY VODKA or GIN OUART BOORD'S 90° BRITISH GIN QUART GORDON'S GIN QUART ENGLISH MARKET 100% GRAIN GIN QUART '6.49 '5.99 «6.99 '4.99 *5.19 »5.99 »7.77 '5.49 '4.99 *5.99 »4.19 S 4.39 '3.99 '4.99 '5.19 S 4.29 BOURBON VERY OLD BARTON 10 YR/86 0 . . . . QUART OLD rlTZGERALD 86° QUART HEAVEN HILL SOUR MASH QUART J.W.DANT 100° BOND QUART ANTIQUE by SEAGRAM QUART E. TIMES-A. AGE-J. BEAM QUART GLENMORE SILVER LABEL QUART BURKE ft BARRY 86° Straight Kentucky QUART GILBEY'S GIN "79 r ' QUART -W IMPERIAL QUART CANADIAN · BLEND · RYE L.T.D. CANADIAN IMPORT QUART '4.99 CANADIAN CLUB MART '7.99 CANADIAN SPRINGS QUART ! 4.79 RICH 4 RARE. QUART '5.99 CANADIAN MIST . QUART '5.49 SEAGRAMS 7 CROWN QUART '5.39 KESSLER BLEND QUART '4.99 OLD THOMPSON .. QUART '4.19 RUM QUART-SAXONY $4.19 QUART-MATUSALEM . . . . W.59 FiFTH-BARBANCOURT . . . $6.99 VERMOUTH 300Z.-NOILLYPRAT. . .. «.59 QUART-TAYLOR $1.99 BRANDY QUART-LF.RGUX $4.99 FIFTH-CHRISTIAN BROS .. $4.99 QUART-GRAND PflIX . . . . $5,49 MIX OR MATCH 3 $1*26 QUARTS I W · SMIRNOFF 80° · INVER HOUSE ·GRAND PRIX BRANDY ·J.W.DANT BOURBON 100° TEQUILA QUART-MATADOR 54.99 FIFTH-JOSE CUERVO . . . . $5,99 BEER BUSCH $1.40-6 Pack $5.SS-Case MICHELOB $1.69-6 Pack LEROUX Creme De Menthe (Greon or White) 3 FIFTH or 3 for MO 00 No limits-Rainchecks will be issued if supplies run out FIFTH-ALAMADEN MOUNTAIN CHABUS $1.79 FIFTH-COINTREAU or GAIUANO $8.99 FIFTH-TAYLOR CHAMPAGNES-ALl TYPES $3.99 FIFTH-MATEUS ROSE or BRANCO $2.59 FIFTH-PINOT CHARDONNAY (SICHEL VINTAGE) $3.99 FIFTH-PINOT NOIR (CRUSE-VINTAGE)... 3/$9.00 . . $3.39 FIFTH-HARVEY'S BRISTOL CREA|H $6.19 FIFTH-BOLLA SOAVE-VERONESE FAVORITE $2.88 FIFTH-ROSENGARTEN UEBFRAUMILCH $19.50 Case $1.79 FIFTH-KIR GAIUQUE-CASSISI FRENCH WHITE $1.9 FIFTH-AMARETTA D'AMORE by GARNIER $5.99 SALE WED. JULY 16TH THRU SAT. JULY 19TH We Hesfcvp lhp RigM fo limit U'iont'ies fllCKS CUT R A T f LIQUORS 2 0 2 3 9th 6 4 2 - 7 2 2 2 . N I ( K , S D R t V H N U O U Q R 6 4 2 - 5 5 5 5 NKK S OPEN HE*RTH UOUUks .571 9ih ST NO 261-1971 NMi titfUH uuuORi I S O S u n ( o i l i . v B U ( I '· M y . i s 463-5492 --^