Birmingham Post-Herald from Birmingham, Alabama • 34

HHH 1 I 1 I CaM and find out how "I BUY HOMES DIRECT Workt 252-8187 879-4647 BROOKS 1) A Ape -CM MUn aSSSuP MNIk Wfcaai AM at RM JYEUXNG COl ()' MS Signs of all Kindt Vmi Bachs Mff IMI99 1SI TA04 KILL ROACHES ANTS JOHNSTON'S NO-ROACH EFFECTIVE FOR MONTHS EASY TO USE Jsha Stone (enter) general manager of Metals Corp Is shown here flnnked by his two sssis tints Chnrlotte Taylor and Grady Smoot The company is located at 113 North 13th Street Metals Corp highly successful dealer in all non-ferrous metals nickel monel inconel silver gold platinum x-ray film and numerous other items BEAUTYGMVEDJ tStAtwmtuTfd of non-ferrous scrap metal especially plumbers electricians auto parts yards plants wrecking companies motor rewinders etc The company deals only in non-ferrous metals such as copper brass auto radiators batteries lead aluminum stainless steel iSnndoKj $1390 loos Buss Ahumm Sum less NAMEPLATES IkHcdCapiwd Scitowd NO MINIMUM QUANTITY Sign Mm(1S1S-1I1S lodge! raiuu-a ihiUwr Ira TnmsvMr Al HITS IhMipf uwmmr Genuine ENGRAVED LETTERHEADS 83000 for 1000 Metals Corp a highly regarded firm dealing in scrap metal has been in business here for the past eight years and they attribute their success to their business procedures and close relations with customers During the past year according to General Manager John Stone Metals has acquired many new customers through one of the most valuable types of advertising namely word of mouth That is to say the firm's older customers have passed the word about operation along to other people resulting in new customers being added to the books Metals welcomes all inquiries from those who may have a supply State of economy is looking better By Herbert Stela Sis months ago the best guess was that by the time the 1976 presidential election rolled around the economy would be in poor shape but improving and the conventional wisdom wa that the improvement The economy today would help President Ford more than the poor level of the economy would hurt him Today the prospect is different The state of the economy this fall may be better than was expected earlier At least employment and output will probably be higher and unemployment lower The inflation rate will be no higher and possibly may be a little lower than previously forecast But the improvement of the economy will not be so clearly visible It will be leu obvious and certain that unemployment is falling and inflation subsiding And of course it cannot be taken for granted as it might have been six months ago that Gerald Ford will be the Republican candidate At least the economic side of this change in the outlook resulted from the extraordinarily good performance of the economy in the first quarter of this year That substantially improved the level of all the economic indicators but it also set a standard which may make the subsequent performance look disappointing In the first quarter of the year total output rose at an annualrate of 8 and one-half per cent The common forecast had been that the increase would be around 8 per cent and possibly as little as 5 per cent The surprisingly large Tise was due to the accumulation of inventories by businesses at a rate that no one expected We still don't know why businesses built up such large inventories in the first quarter But it is extremely unlikely that we will see such an increase in the rate of inventory investment again during the remainder of the year In fact businesses may decide they built up inventories too fast and may cut the rate of accumulation The rate of increase output in the two quarters before the election will probably not exceed 6 per cent from the 8-and-one-half per cent rise of the first quarter One can easily imagine opposition candidates claiming that the recovery which Ford boasts about is petering out On the employment side we have had a totally unexpected rise of employment by two million from December to April The decline of the unemployment rate from 83 per cent to 75 per cent in the same period also exceeded forecasts Whereas six months ago one might have thought that in the months just before the election the unemployment rate would be around 7-and one-half per cent the present prospect is that it will be a little lower say 7-and-one-quarter per cent But that meaas that the decline in the unemployment rate during the rest of the year will be slow And if the decline is slow there will be some months in which it doesn't decline at all or it may even rise a little The question whether unemployment is improving will be debatable In fact when the unemployment rate remained at the same level in April as it had been in March some were saying that we were stuck with a high level of unemployment The most surprisingly good economic figures of the first quarter were the inflation figures The Consumer Price Index rose at an annual rate around 3 per cent compared to over 7 per cent in the last three months of 1975 1 st military union charter set July 1 Associated Press WASHINGTON The first military union will come into being on July 1 The Association of Guard and Reserves is scheduled to receive its charter on that date as an affiliate of the Washington-based Association of Civilian Technicians The guard association's national president is Sgt William Spence of the Illinois National Guard As the union issue continues to move ahead in the offices of at least three national unions the lines of opposition are firming in the Congress At least one bill banning military unions sponsored by Sen Strom Thurmond R-SC cosponsored by 31 fellow senators has been introduced in the Senate Another five bills have been or are scheduled for introduction in the House The Pentagon continues to maintain a low profile on the subject but periodically in response to questions officials maintain their steadfast opposition As late as May 5 Secretary of Defense Donald Rumsfeld said in a speech "the idea of unionizing members of the armed services is fundamentally incompatible with the command structure of the military Spence lives in Peoria and works as a civilian for the Illinois Air Guard besides being a military member who participates in weekend drills "We have to have some form of a spokesman Management has found a new way to take punitive action against an individual" he said in a telephone interview MarCelnc 0 Numerically Controlled Lathe Precision Machine Work Stainless Steel Specialists Inventory of stainless tubing PAWNEE ROAD PINSON PHONE 849-7421 sum 'imams Km FREE! Rubber-Stamps ILOCII liti 1)111 notary dr corp! seals mmnnQ Owt Ihaj-i- PIOIE 981-4232 I WO SALESMAN WU DWWHOU EXCLUSIVE OVa THE MOUNTAIN SERVICE Fmonal Service Package Delivery UNITED CAB CO DEWBERRY ENGRAVING CO INOR I FENCE BIST dependable Fence Man VM tf 780048315 PACE 820 BIRMINGHAM POST-HERALD Monday May 24 1976 Prospects for tv-2 1 run afoul By Stewart Lytle Post-Herald Correspondent WASHINGTON The prospects of Birmingham getting a fourth commercial television station soon grew dim this week as the competition for Channel 21 dropped into a bureaucratic quagmire Birmingham Broadcasting Company I BBC) one of the two competitors ran afoul of the administrative law judge assigned by the Federal Communications Com mission FCC I to hear the case because the attorney for BBC is also an officer and major stockholder Arguing that the judge was prejudiced against it because of the attorney issue BBC tried to have the judge disqualify himself When the judge denied the motion BBC appealed the decision to the full commission A spokesman for the FCC predicted it would take several months before the commission would rule on the BBC appeal But for the competitors BBC and Chapman Radio and Television Co a delay of a few months must seem insignificant in light of the fact the competition began 10 years ago and for years lay dormant before it was revived last fall The question the FCC must eventually deride after it sweeps aside a series of legal technicalities involved is simply which competitor would be the better operator for a new independent television station in the Birmingham area To operate a new station independent of a national network will require sound business judgment and expertise if the station is to survive Many UHF stations loperating on channels above 13 1 are only marginally successful because of higher operating costs and -mailer audiences on the surface both Chapman and Kill' seem qualified Chapman has a lung history in Birmingham broadcasting operating WCRT-FM radio until selling the station in 1972 And the principals in BBC also operate WLPH in Irondale as Alabama Religious Broadcasters But two Issues underlying the competition set BBC and Chapman apart One involves the merits of black ownership in a Birmingham television station The other involves the relative financial strength of the two BBC attorney Ellis Parker III argued before the FCC that because black Birmingham businessmen would own 20 per cent of the station and participate in its management the public interest would be better served by BBC The Chapman Co a partnership between George A and William A Chapman has not black ownership The black investors in BBC include Birmingham City Councilmember Arthur Shores state director for highway traffic and safety Jesse Lewis and Dr James Montgomery Dr A Gaston withdrew from BBC because his ownership in the Booker Washington Broadcasting Corp which operates another Birmingham radio station would be in conflict Shores is listed as vice president and general counsel of BBC Lewis would be sales manager for the station according to testimony before the FCC But the role of the black businessmen in BBC is left open to question by the financial arrangements Although no stock has been issued in the 10 years of its existence depositions in the case reveal that 80 per cent of the company is held by three white men Parker Birmingham businessmen Oscar Hyde and James Long of Louisville Ky who received their equity in BBC for "services'' rendered toward obtaining the FCC licenses Parker the attorney said he holds 133333 or 2625 per cent of the 500000 unissued stock shares Hyde who was to guarantee a $50000 loan to BBC held 133334 shares before he transferred it to the Oscar Hyde Christian Foundation Lang also holds 133333 shares for undisclosed For the blacks to gain their 20 per cent of the company will have to purchase the shares at $1 each meaning that outside of some legal fees paid by Hyde Lang and Parker the black businessmen would contribute the only financial resources BBC has in exchange for only 20 per cent of the station One observer close to the FCC proceeding called the blacks "only window in the BBC application Hyde's involvement in the license application has complicated the process After his conviction in federal court for income tax evasion and extortion conspiracy BBC brought suit to remove Hyde from involvement Hyde offered to transfer his holdings in BBC to Miles College but the FCC refused to approve the transfer So 133334 shares of BBC are still held by the Hyde Christian Foundation But Hyde because of his convictions will not be allowed by the FCC to hold any part of BBC if it wins the operating license The financial backing for BBC is also in question because its loans were guaranteed by two financial institutions the American National Bank and the Jefferson Home Loan Company neither of which now exists Successors to both institutions including the National Bank of Commerce and others have indicated they would be willing to make loans to BBC primarily because of the involvement of Birmingham businessmen like Shores and Lewis Named marketing Coble Inc is Sidney comes to the cable from the Alabama where he director OPEC hold Associated WASHINGTON Department official says there is a good chance nations will hold at their meeting this week "Based on the discussions think the likelihood is will hold the price" Parsky assistant secretary and international affairs Parsky's comments put him at odds with by others of prospects of the 13-member Exporting James Akins former to Saudi Arabia 10 per cent price increase minister and Venezuela's of mines and both publicly argued without specifying the Parsky says any freeze beyond its date could be temporary economic recovery in most oil-using countries and Parsky is likely to prompt OPEC "I think there is a of the impact a price have on economic recovery place worldwide I have expressed an impact it could have Parsky said A 10 per cent increase imported oil which 40 per cent of US needs penny a gallon to the of gasoline if oil firms entire increase Parsky and Treasury Simon visited a Mideast tour in country is the world's and is the OPEC nation the bulk of the necessary slumped in the past two of higher prices and recession Saudi Arabia indicated would seek to keep prices increase now dampened it is picking up Parsky At last year's meeting producers raised prices Saudi Arabia also argued then while Iran price increase than was upon Parksy says he hasn't Iranians about the island of Bali on Thursday know their position do know that they too create any economic world" he said 'Bad blood' cited in United Press MUSTANG Nev Del Carlo said Sunday blood" between contender Oscar Bonavena at the brothel where shot to death possibly worked there The handsome killed outside the brothel Saturday listed as his mailing license to marry an turned over his career The guard Willard held for investigation was transported to the Nevada State City Del Carlo said Bonavena a Argentinian who seventh-ranked heavyweight instantly at the gate dawn by a single bullet from a high-powered Del Carlo said no the slaying has been formal charge filed Brymer but added blood between the two" P-H intern gets A University of Howard Gollop of a scholarship magazine for an about singer Joni Mitchell Gollop who works as editor of the publication is a reportorial THESE ADS PAYOFF OF HOMIWOOO INC 1119 29lh Avenue Swill 24 far 871-4684 87 1 -0878 24 hr in City limits of Bliom cull 591-7701 Certified Applicators JOHNS-MANVILLE BOOTING ANO SUING LONNIE RUSSELL IS CBmUl AND N08TH ALABAMA MSTRIBUT08 FOR All FORD INDUSTRIAL ENGINES Gantiwl RiptlfU'MuMnuiR isOng director of Birmingham Communications Burgess Burgess television facility Radio News Network served os news may prices Press A top Treasury he thinks that that the oil-exporting prices steady I've had I good that they said Gerald for energy in an interview the assessments for the meeting Organization of Petroleum Countries or OPEC US ambassador has predicted a Iran's interior vice minister hydrocarbons have for higher prices size of any increase extension of the current July 1 expiration But the worldwide is far from assured industrialized says that situation moderation by growing awareness increase could that's taking know the Saudis understanding of the on demand" in the price of accounts for about would add a consumer's price passed along the Secretary William Saudi Arabia during February That largest oil exporter which has absorbed production cutbacks when demand years as a result the worldwide clearly it steady lest an demand just as said where oil by 10 per cent for moderation sought a bigger finally agreed spoken to the meeting set for the so he doesn't this time "But I do not want to dislocation on the death International Sheriff Robert there was "bad heavyweight boxing and a guard the fighter was over a girl who 33-year-old Bonavena Mustang Ranch the establishment address took out a employe and had to the owner Brymer 31 In the slaying maximum security Prison in Carson non-smoking non-drinking was the world's was killed to the brothel at in the chest hunting rifle specific motive for established and no yet against there was "bad grant Alabama student Huntsville has received grant from Play-girl interview-article entertainment Crimson-White a student intern with The Birmingham Post-Herald onrf on our 29 poors Birmingham Siding A Roofing Co 1301 I Torrent 841-5566 DIESEL GASOLINE COMPLETE PARTS SALES SERVICE on Hi )ob iwpaire All saw available certified diesel mechanics on duty VERMONT' HARNBOARD MtocA tkc at took tod tie KOWtpptt! 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