Garden City Telegram from Garden City, Kansas on September 21, 1976 · Page 10
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Garden City Telegram from Garden City, Kansas · Page 10

Garden City, Kansas
Issue Date:
Tuesday, September 21, 1976
Page 10
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Economy Ignites Dilemma of Views Awarded Scholarship Barbara Wasinger, sophomore and business major at Garden City Community College, has been awarded a $500 academic achievement scholarship by Western State Bank. Presenting the award is Roger Shepherd, vice-president and cashier at WSB. The bank awards the scholarship annually to a student who has demonstrated interest and competence in business education through academic achievement. Barbara is the daughter of S. J. Wasimrer, 1022 N. 6th. By JOHN CUNNIFF AP Business Analyst NEW YORK (AP) - The phases of the economy do not evolve with the same regularity as the phases of the moon. There are no mathematical certainties. There is no assurance, not even for the President, that the future is known. This being so, there is in this first year of recovery from the recession, in the final few weeks before a president is elected, a dilemma of views on whether the economy is pausing or faltering. It is not that our esteemed economists are withholding their views; they are not. But no matter how self-certain they seem, you have to wonder if their attitude'is based on bravado or cynicism or facts. The fact is the economic facts are mixed. Anyone making a prediction today does so with a goodly number of his indicators in disagreement and with others indecisive. About Gold, Jewelry Prices By LOUISE COOK Associated Press Writer The ups and downs of the gold market are sometimes reflected at the jewelry counter, but consumers are finding that Newton's law of gravity doesn't work so consistently in the marketplace as it does in nature. What goes up does not ALWAYS have to come down. Intangibles — design, labor and fashion trends, for example — can be more Dr. M. [>. Niedens Chiropractic Office 811 Main Garden City Hours 8:30-5:30 Thurs.-Sat. 8:30-12 important than raw materials in determining prices. At the end of 1974, an ounce of gold cost almost $200. There were predictions that the price would go still further with the end of a 40-year ban on Americans owning gold bullion. The gold rush fizzled. Supply was stronger than demand. The price of gold started dropping and now is just more than $110 an ounce, although prices rose slightly late last week when bids at the International Monetary Fund's auction of 780,000 ounces of gold were higher than expected. Shoppers are finding that the cost of some jewelry has declined, but the drops are limited to items which are simple in design and are all gold. The more elaborate pieces, with diamonds or other stones and complicated workmanship, have gone up rather than down in price. "If it's all gold, then there has been a drop in prices,'' said Mort Weisenfeld of the National Wholesale Jewelers Association. "There's no question about it. But even there, labor and other costs have gone up. "If you're talking about a solitaire ring with a diamond, the gold value is negligible ... and the drop in gold has been more than balanced by the in- crease in diamonds, which are up significantly." A spokesman for Tiffany & Co., the Fifth Avenue-based jewelry store, said that a perfectly simple, 18-carat-gold wedding band cost $12 five years ago. By the early part of 1975, the same ring cost $35. Today, it's $26.50. The price of the ring went up 121 per cent over five years; in the same period, the price of gold — which had been frozen at $35 an ounce until 1968 — increased about 175 per cent and the government's Consumer Price Index of all items rose 41 per cent. YOU MEAN YOU USED BE HEAVY?" Try a compliment on for size. Put our 5,000,000 hours of Weight Watchers" classroom experience to work for you at Hobby Club 'Ad Drawings' Distinctive WATCHERS The Authority. Pictures of people drawn with a felt-tip marking pen on a page of classified newspaper advertisements become distinctive examples of your artistic skill. The type of the classified ads gives an unusual appearance to the pictures after you have cut them from the paper and mounted them on colored construction paper to be displayed on the wall. Figure 1 shows typical figures which should 'be simple outlines. The man running in Figure 2 is another example of the kind of outlined figures to make. When you have completed an outline, use scissors to cut the figure out of the paper, cutting close to the outline. Neatly paste the figure on construction paper. ' If you make several of these classified pictures, each showing a figure in a different position such as running, walking, kicking a football, shooting a basketball, playing golf, etc., then they will form an eye-catching display on the wall of your room. Just weeks before we make the major economic decision of all, that is to elect a president, we cannot say for sure if the economy is healthy or ill. The econometric model makers generally assure us that expansion should continue in 1977, but we are then reminded that any econometric projection, no matter how precise its answers, is based on at least a few hazy assumptions. The big banks tell us they are optimistic, but we suspect that in a questionable situation they would naturally tend to take the bright view, that being the better for business. We know that Alan Greenspan and the coterie of Republican economists will take the most encouraging view, but we have already seen one of their forecasts, unemployment below 7 per Two Hurt at Missile Complex WICHITA, Kan. (AP) Two airmen from McConnell Air Force Base were hospitalized after an accident at a Titan II missile complex southwest of Wichita. Senior Airman Earl Halmon, 21, of Detroit, was listed in critical condition at a Wichita hospital after being exposed to nitrogen tetroxide, an extremely toxic chemical that is part of the missile's fuel system. ' Hospitalized for observation at the base was Airman l.C. Timothy J. Albin, 20, from Cherry Point, N.C. Featured in KSU Placement Annual Duane W. Drees and James A. Huschka, both of Garden City and both in agronomy at Kansas State University, are featured in the 1977 Agricultural Senior Placement Annual. The annual, sponsored by the Agriculture Student Council, features all K-State ag students who will receive B.S, degrees in 1977. The annual was sent to more thai! 300' agribusiness firms in order to provide prospective employers with a summary ol each student's qualifications, interests, and activities. See the 1977 Cadillacs on display Thursday at Schreiber Motors.—Adv. BUSINESS MIRROR cent by Decembe^,'^become improbable. *'! ",. Jimmy Carter's advisers, we may be certain, are not looking to praise President Ford's economic performance, and so their views will bend with bias, but we have no proof they know any better how to improve things. We can assemble our own list of indicators and try to add 'them into a conclusion, but more likely we will come up with columns of pro and con that neatly balance themselves out and leave. us no nearer a decision," In one column we have unemployment of 7,9 per cent, in another we have the greatest employed working force in the history of this or any nation. On the left we have a poor level of housing starts; on the right we have that low rate appearing to improve as the summer wore on. But can we measure by the numbers whether our slowdown is a pause or a faltering? And can we rely on the views of those who pick a handful of numbers from the left column and ignore the pile on the right? Somewhere in the minds and activities of politicians and bankers and manufacturers and office workers and laborers is probably a nearer approach to the truth. It perhaps can be perceived not in the numbers but in how to react to them. We can hear bankers proclaim their faith in the future but we then detect a reluctance to proclaim that faith through a reduction in the prime lending rate. All year long we have witnessed corporate economists issuing bullish reports, but we have observed also that corpo- PagelO Garden City Telegram Tuesday, Sept. 21,1976 rate management has been somewhat reluctant to make capital expenditures. We have seen lots of reports about how the consumer was leading the country up out of the recession, but we have seen also that the consumer has been reluctant to enlarge his use of credit. That hesitancy means something, and probably everything. It is probably the attitude within us rather than the numbers without — which are only projections of that attitude — that will determine if this is a mere pause or if the economy really is faltering. "Poor Willie" Alive and Kicking Again! For Bookings Call: Garry Willson 276-2282 BEEF FOR ALL OCCASIONS 424 N. MAIN GARDEN CITY MEATS 275-6541 ® YOU'RE TUB CLOSE TO LOSING WEIGHT: First Baptist Church llth & Jones Garden City Meetings held on Tuesday at 7:00 PM and Wednesday at 9:30 AM. For information call (316) 265-2641 BRAKE STOP DISCOUNT CENTER Once-A-Year Service Checklist If your car is over 2 years old or has been driven over 15,000 miles, then these are items that should be checked or serviced once a year. Check Brake Fluid Level Check Wheel Bearings Bleed Moisture From Brake Lines PI Check Brake Linings For Wear ~~1 Check Alignment fr Front End f~~| Check Shocks STOP IN TODAY FOR YOUR CHECKUP 1107 E. Fulton 275-6666 _ "One Day Service " Draw Outlines "liiticdle CONTRACTS ARK AVAILABLE * GUARANTEED BASE PRICE FOOD & PEED GRAIN CONTRACTS * HIGH YIELDING - WINTER HARDY - DROUGHT RESISTANT VARIETIES GIVE YOU MORE $ AT HARVEST TIME * PLANTING DATES FROM SEPTEMBER 1 TO MARCH AFTER A CENTUR Y OF EXPERIMENTATION, SCIENTISTS HA VE CHEATED A NEW GRAIN THAT OFFERS GREAT PROMISE TO A HUNGRY WORLD. FOR INFORMATION CALL OR CONTACT DON MOORE 316/668-3777 316/668-3302 316/668-2578 FINNEY COUNTY SANITARY LANDFILL NOW OPEN Located 2 miles North of 5 Points and 2% miles West. TYPE OF VEHICLE RATE PER LOAD AUTOMOBILES .. $i. 50 PICKUP FLAT BED 2 .25 PICKUP 325 TWO-WHEEL TRAILERS 3.25 FOUR-WHEEL TRAILERS .. 4 . 0 o SINGLE-AXLE DUMP TRUCK 5.00 TANDEM-AXLE DUMP TRUCK 7.50 COMMERCIAL & OTHER STAKE TRUCKS . 7.00 RUBBISH COLLECTORS STAKE TRUCKS 7.00 TREE HAULERS 500 NON-COMPACTOR 10 TO 20 YDS. 7.50 PACKER TRUCKS 9 TO 16 CU. YDS. 12.50 PACKER TRUCKS 17 TO 24 CU. YDS 19.00 PACKER TRUCKS 25 TO 32 CU. YDS. 27.50 SEMI-TRAILERS 2 7.50 ANY GARDEN CITY RESIDENT, LIVING WITHIN THE CORPORATE LIMITS OF THE CITY, WILL BE ALLOWED TO DUMP EXTRA TRASH FREE OF CHARGE. EVERYTHING THAT ENTERS THIS LAND FILL WILL BE COVERED IN THE LAND FILL. THERE WILL BE NO SALVAGING AT ANY TIME. STATE LITTERING LAWS REGARDING LITTERING ON THE WAY TO THE LANDFILL WILL BE STRICTLY ENFORCED.

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