Del Rio News Herald from Del Rio, Texas on April 11, 1971 · Page 8
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Del Rio News Herald from Del Rio, Texas · Page 8

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Del Rio, Texas
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Sunday, April 11, 1971
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Page 8
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8A-DEL RIO (TEXAS) NEWS-HERALD, Sunday, April 11, 1971 WEEK IN BUSINESS Nixon Economic Policies Blasted NEW YORK (AP) — Labor and congressional Democrats leveled separate barrages of criticism at the Nixon administration's economic policies this past week. In a milder tone, a noted economist also pressured the administration to further stimulate the economy, AFL-CIO President George Meany accused the Nixon administration of using a double standard—one for labor and another for big business—in its current attempts to turn the economy around, "Labor will not be the scapegoat for the economic mess c reated by this administration's ill-conceived 'game plan'," he told Senate subcommittee, Meany accused the administration of pinning the blame on workers for the economic ills of the nation while "providing subsidies and aid for the bank and big business." ' Meariy said labor was willing to cooperate with wage and .price controls, providing they >»ere "even handed, across the boardonallcosts, prices, rents and incomes— including profits, dividends, interests and executive compensation," * He said one example of the administration's double stand- i LET'S TALK BUSINESS By DAN BUS Top-level executives ot the, Lone Star Brewing Co. will pay a brief visit to Del Rio Monday, the News-Herald has learned. E.C. SULLIVAN, president, WILBUR A. WOOD, secretary-treasurer-comptroller, and EDDIE PENA, Southern Division sales manager, will fly in for a short visit with JOHN "BUB" ROWLAND JR., owner of the Den-Row Company, Lone Star distributors for the Del Rio area at 202 Margarita St. *** The City of Del Rio has a big business in its water and gas utilities. Despite an unseasonably warm winter which cut into gas revenues, the combined collections of the utilities totaled over a million dollars — $1,056,445.51, according to preliminary figures released by City Manager JAMES A. HESTER. *** Del Rio now has a dealer for the Comer line of pony carts, wagons, horse carts and harnesses. He's DON COCHRAN, who is located on Harvey Drive, just off Hamilton Lane, or who can be reached by dialing 775-5655. Cochran, who has been a resident of Del Rio for seven years, has a nice line of the Indiana firm's merchandise in stock in preparation for the rapidly-approaching summer vacation and outdoor recreation season. ard was the stepped up depreciation rate to business which would cut corporate taxes by $3 billion to $4 billion a year. Meany said sharp increases in bank profits and bankers' salaries spiraling land costs and financing charges and deferred taxes on profits from exports were other examples ' of a double standard. On Thursday House Speaker Carl Albert announced that House Democratic leaders no longer could wait for the President to repair the economy. Albert charged the administration with "do-nothing policies." Walter Heller, chairman of the President's Council of Economic Advisers from 1961 to 1964, urged President Nixon to press Congress for immediate passage of personal income tax cuts totaling $4.5 billion, scheduled for 1972 and 1973. He further urged the President to approve the new public service job program before Congress. Heller also suggested that the President make temporary grants-in-aid to cities and states if the controversy over his revenue-sharing program drags on. Heller noted that the nation now has an unemployment rate of 6 per cent, that 25 per cent of the manufacturing plant capacity is lying idle and that a $60-billion gap exists between actual and potential gross national product. The Supreme Court ruled this week that commercial banks cannot enter the mutual fund field. The court said mixing banking with the securities business presented the same danger today as it did in the . early 1930s when a law was passed separating the function of commercial banking from those of the sale and underwriting of securities. Gar Gaper.... TRUSTEES FOR ELKS—B.R. Daniels, left, Joe Hollingsworth and Paul J. Kusenberger were installed as trustees of the Elks Lodge at ah officer installation ceremony conducted by San Angelo Elks Wednesday night in the Elks Hall. (News-Herald Photo) CWA to Seek Pay Raise From General Telephone" General Telephone Co. Promotes Joe Steele Joe M. Steele has been named to the position of central office foreman for General Telephone Company of the Southwest in Marble Falls, it was- announced Saturday by R.R. McCullough, Del Rio District Manager. , The promotion was effective April 10. Steele will be responsible for Central Office Maintenance and Installation in the Marbel Falls Central Office. Prior to this assignment in the Marbel Falls District, Steele was a switchman in the Del Rio District. Steele began his telephone career in 1956 as an equipment installer's helper in the San Angelo District. He was pro'moted to switchman in the San Angelo Office later that same year and remained there until he was transferred to the Del Rio District in 1959. Steele graudated from San Angelo High School in 1949. He joined the United States Navy in 1951 and received his discharge in 1955. He is married to the former Joanne Mercer and has three daughters, Debbie 11, Dana 8, and Ginny 2 years of age.' He has served on the administrative board of the First United Methodist Church. been active in union work; Local 6180 (CWA), been a member of the advisory committee of the Manpower Development Program of Del Rio, and has been a field representative for the General Telephone Federal Credit Union while living in Del Rio. The Steeles will make their home in Marble Falls. SBA Man Sets Del Rio Visit The Small Business Administration will have its representative available for interview from 9 a.m. to 4 p.m., on Tuesday, April 20, at the Del Rio Chamber of Commerce, 405 E. Gibbs St. James S. Reed, district director of the San Antonio office of the Small Business Administration, announced that anyone desiring' information concerning the SBA program may contact the representative when he is in Del Rio area. Sudden Stock Spurt Surprises Analysts By JOHN HENRY AP Business Writer NEW YORK (AP) - The stock market gave such a strong performance during the past week that even some Wall Street analysts admitted they were surprised. After a two-week respite, the market resumed its climb and advanced in all four sessions of the abbreviated trading week. In the process-; $he Dow Jones average of 30 industrials climbed some 17 points to finish the week at 920.39, a 22-month closing high. What powered much of this week's advance, according to many analysts, was investor hopes that President Nixon would announce an accelerated troop withdrawal from Vietnam in his televised address Wednesday night—hopes that were later realized. Other stimulants, brokers said, were favorable economic indicators, particularly in the consumer sector, where increased purchases of autos, homes and major appliances were reported. Auto stocks were among the prime beneficiaries of the advance. Chrysler, which reported a firsUjuarter profit against a loss a year earlier, rose $k points to 30% during the week and Ford climbed 2% to 62% . The bulk of the market's advance occurred in the two sessions prior to the President's speech, when the Dow industrial average gained a total of 13?/2 points. On Thursday, the day after the speech the Dow gained 1.90 points. Exceptionally ' heavy block trading during the past week reflected the introduction on Monday 'of negotiated commis-. sions on portions of orders in excess of $500,000, according to brokers. On Tuesday, 167 blocks of 10,000 or more shares were traded on' the New York Stock Exchange, a record exceeded Wednesday when 171 blocks wer,e traded. Big Board volume rose to 75.90 million shares from 74.7 million shares the previous week. Of the 1,801 issues traded on the Big Board, during the past week 1032 advanced, and 612 declined. New yearly highs were reached by 365 issues and lows by 38. Market indicators behaved during the past week as follows: The Dow Jones average of 30 industrials rose 17.35 to 920.39; the New York Stock Exchange index of some 1,200 common stocks advanced 0.75 to 56.33; The Associated Press 60-stock average (rose 6.0 to 321.3; and the American Stock Exchange index advanced 0.21 to 26.41. SALES AND SERVICE NCR -n- SEARS Chain Link Fence Sale 59* r. 4 Ft. Ht. Gates and Terminal Post Extra Free Estimates \ Call John Duncan , Alfonso Guerra Tele. 77557521 ADDING MACHINES All C*LCBL*TMS ElMtrMkPrliiMn AhiAnlbbh AMISTAD OFFICE EQUIPMENT 211 South Main 775-8322 J.D. Manes, chairman of Communications Workers of America (AFL-CIO) local 6180 in Del Rio, reported Saturday night that ' T.O. Moses, international representative and chairman of the employes of the General Telephone Company of the Southwest bargaining committee, spoke to a bargaining caucus. He told union representatives from the five states of Texas, New Mexico, Oklahoma, Arkansas and Louisiana that "there is not the slightest doubt that an increase in excess of 25 per cent in the wages of General Telephone employes is a -reasonable, justifiable demand. Negotiations covering over 6,000 employes of General Telephone in the five state areas are scheduled to begin about May 20, and the present agreement terminates midnight, June 27, Manes explained. Moses told the union representatives that gains won three years ago have long since been "eaten" away by a continuing and incessant rise in prices. Telephone workers, like the rest of the nation, have lost more than 16 per cent of their purchasing power since the last negotiations in the worst inflation in decades. "In this connection we are aware that the Nixon administration's economic policies are designed to develop public opinion resistance to union collective bargaining programs ' so that labor organizations may be induced, not to seek, much less achieve, the fegitimate and reasonable demands of our members," he declared. "Because of their economic situation, General Telephone workers cannot be satisfied with the present conditions, and we are determined , to negotiate the biggest increase in our history," Moses added. "Wages, vacations, holidays, overtime payment, working conditions, you name it, now all lag pitifully behind those enjoyed by other telephone employes often working just across the street from General Telephone employes such as the situation found in Garland and Irving, Texas. We don't think the public is aware of the fact that today a telephone installer with four years of service makes $26 per week less than his counter-part on the other side of the street," the union official asserted. "This desparity has got to go. We seek no more than that received by other telephone employes doing the same identical work, and we do not plan to settle again for any less. It is time the management of General Telephone woke up to the fact that the desirable goal or good service also embraces the important and necessary ingredients of fairness and satisfaction to its employes, Moses concluded. Manes said the CWA represents 67 General Telephone employes here. (Continued From Rage 1) lawmen to the area began. City Police Captain Donald Smith and Chief Deputy Sheriff Harvey Hilt met at Elm Creek, north of the city limits, for a quick exchange of notes. While they were talking the dispatcher notified them of an auto accident near the Maverick County Radar Base and they headed for the scene. Before the pair of lawmen reached the scene, however, another accident notice was broadcast about a mile north of the first one. The dispatcher noted that the same car was probably involved in both accidents and the description of the car matched that of the police officers stolen Ford. By the time Smith and Hill reached the location, a distance of about 10 miles from Elm Creek, the .accident prone-car had vanished, leaving a wake of damage behind. Witnesses pointed out his direction of travel and the officers began pursuit down a former airport taxiway now used for a road into the housing area at the base. About two miles down the .road a sharp curve is bordered by ditches. It was at this curve where the stolen car was found, wrecked and abandoned. The driver had fled on foot towards the main runway which is still used by jet trainers from Laughlin Air Force Base in Del Rio. Captain Smith said that the wrecked car had come to rest 70* feet 6ff the roadway and was totally demolished. Hill circled around Farm Road 131 to head off the walking bandit while Kelly, Smith and Highway Patrolman Ken Anderson set out on foot to overtake him. Hill and Anderson met each other on the apron of the runway near the farm road and squeezed the - fleeing man between them t ending / the.^ chase. • • 5. The luckless man was;* identified at police" headquarters as Ernesto Garcia of Carrizo Springs. He is now being held in Maverick County : Jail in lieu of $1,500 bond set., by Justice of the Peace Leroy:: Slubar, charging him with auto theft. r V Tackle Thieves 2 Busy in City , + Fishing tackle thieves were-: busy Friday hitting fishermen's ~ boats parked in motel parking lots overnight. Seth W. Laurence of Anson,, Texas, reported Friday that; culprits relieved his pickup; truck of a pistol and a pplaroid camera and took a dip net, from . his boat that was; connected to the truck, while- they were parked in the. Holiday Inn parking lot. An hour later, Leroy Anderson of Tokio, Texas, told. police that tackle bandits lifted: two tackle boxes, a Garcia Rod. and a Garcia 500 reel from his- boat parked in the La Siesta, Motel lot. Police are still investigating' both incidents. Nurses Set Austin Meet Austin will be the site for the Texas Nurses Association: Regional 'Educational Program April 28 through April 30. The program is for members of Texas Nurses Association Regions 6 and 9, Districts 5, 7, 8, 10, 30 and 31, which includes the areas surrounding Del Rio, San Antonio, Austin, Temple, Waco, Bryan and Brenham. SPECIAL NEW PATTERNS VINYL ASBESTOS I2"x12" TILE 18° LUMBER COMPANY PER TILE 775-3508 SPECIAL Right, the E. S. Joslin Power Station at Point Comfort, with a capability of 240,000 kilowatts, will begin operation this summer. Below, Nueces Bay Power Station's new generating unit is under construction and will begin operation'in 1972 with a capability of 325,000 kilowatts. In the artist's sketch below, the Barney M. Davis Power Station at Corpus Christ!, scheduled to begin operation in 1974, will have a capability of 325,000 kilowatts. We're spending $700,000,000 so you can take the good electric things of life fo>r granted. You and people like you are finding more uses for clean eleictric energy every day. So, in the next 10 years, we at CPL will invest $700,000,000 making sure you have power enough for all your new ideas, your new electric ways of life. Three new generating units are now being readied. One is almost complete; one is under construction; one is still in the planning stage. This year alone, CPL will spend $59.3-million for new power stations, substations, lines an'd other facilities. South Texas has never had a. power shortage. There; is none now. We're planning and investing so there never will be. Building Today for Your Electric Torriorrow

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