The Des Moines Register from Des Moines, Iowa on August 28, 1975 · Page 5
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August 28, 1975

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The Des Moines Register from Des Moines, Iowa · Page 5

Des Moines, Iowa
Issue Date:
Thursday, August 28, 1975
Page 5
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Page 5 article text (OCR)

• — July index rises for 5th month WASHINGTON,lTcr(APV= The government said Wednesday its index to anticipate future trends in the economy advanced for the fifth consecutive month in July. The Commerce Department said its index of leading indicators, a composite of a dozen Individual economic measures, climbed 1.7 per cent in July, putting the index figure 11.5 per cent ahead of its low point in February. The advance, combined with '8 revision of June's advance from its originally reported 1.9 per cent rise to a 2.9 per cent increase, signaled continuing recovery in the economy. The department said the strongest upward' influence in the index in July was a heavier volume of new orders for consumer products and raw materials. That category advanced 7 per cent. In all, seven of the 10 individual statistics available when the July index was computed advanced. Three of the components declined and two were not available for compilation. The strongest downward influence in the composite was a 1 per cent decline in the nation's money supply. Also exerting a downward influence were higher prices for key raw materials and reduced spending on factories and equipment. The other components indicating a quickened pace of economic activlty-in-the-future- were a longer work week for factory workers, an increase in cash and assets for business, faster formation for new business, higher stock prices, and increased volume of building permits issued and a slower performance from key suppliers of business goods. The slower performance of suppliers is taken as an in- Tcalion that business is picking up. Home-Stake trial moved TULSA, OKLA. (AP) - The trial of 12 men in the $100 million Home-Stake Production Co. case involving several celebrities has been moved to Tulsa from Los Angeles. U.S. District Court Judge Albert Stephens granted a change of venue gJsjweek to Los Angeles because of the largo number of Tulsans indicted. They had asked for the change because of high expenses if the trial were held in Los Angeles, where the indictments were returned. A 39-count indictment by a federal grand jury in December alleged the group bilked more than 2,000 investors, including well-known persons in the entertainment and financial fields, by promising them a tax shelter for profits. Among those who allegedly lost money in the plan were Bob Dylan, Barbra Streisand, Liza Minelli, Phyllis Diller Tony Curtis, Jonathan Winters issues committee chairman Wil and the late Jack Benny. WlftEPHOTO (AP) Christmas stamps The Postal Service Wednesday released these designs for the 1175 Christmas stamps. The stamp, left, was adapted from aa 1878 Christmas card by Loots Prang; the other Ig based upon a madonna and child painted by Domenleo Gh Mandate, a fifteenth century Italian artbt of the Florentine school. FINCH WINS IN MISSISSIPPI JACKSON, MISS. (AP) - Attorney €4if*-Finch-captured-the Democratic nomination for governor, Tuesday night, winning a runoff primary election with a jolid margin over Lt, Gov, William Winter. With 55.8 per cent of the state's 2,133 precincts counted, Ftech had polled 189,727 votes to Winter's 149,793. Finch, a 48-year-old .former district attorney from Bates- vllle, grabbed the lead in the first few counties counted and made heavy inroads in areas where Winter had hoped for heavy support. Winter, 52, a veteran state official, delayed a 1 concession statement but thanked his workers in a solemn appearance at his headquarters. Finch bit heavily into the vote in many areas considered Winter strongholds and was Thun., Au|; 28,1178 • DES MOlNES REGISTER / 8 Maurice Dantin in the Aug. first primary. Winter had hoped for a big lead on the Gulf Coast and in the Delta area along the Mis sissippi River where he led in the first round. But along the coast he barely managed to stay ahead. Finch and Winter had participated In all-out campaigns for the runoff primary in which questions about the sources of Finch campaign funds were raised. Finch, who ran as the working man's candidate and called for a fresh face in the governor's office, denied reports of illegal funds. 3 lowans to aid March of Dimes Three lowans — Dorothy Hay of 1707 Pleasant St., West Des Moines, Terr! Sutton of Ames and Judy Wright of Cedar Falls — have been named volunteer advisers in the state for the National Foundation of the March of Dimes. Stamp group warning on Bicentennial issue STATE COLLEGE, PA. (AP) — The American Philatelic Society has given a "black blot" to two sets of stamps to be issued by the U.S. Postal Service next year to commemorate the Bicentennial. The black blot was set up more than lS~years-agff to~warn collectors away from stamps issued by countries attempting to earn money with stamps of inferior quality or stamps released at artificially high prices, said James T. DeVoss, executive secretary of the society. . Speaking Wednesday from the society's headquarters here, DeVoss said the U.S. stamps in question will commemorate the 50 states and the Declaration of Independence. Jigsaw Puzzle Each state will have its state flag on its own stamp in one issue, and the Declaration will be broken up into 32 different stamps,. forming a philatelic jigsaw puzzle on the other, he explained. After the Postal Service announced the design for the stamps last week, the society's new issues committee said in a statement it had voted unanimously to place a black, blot on both sheets. Specifically, the committee said there were too many stamps in each set. The society itself, with 33,000 members, is probably the larg> est general organization for stamp collectors in the world. It holds such weight that the postmaster of Nepal once journeyed from the Himalayas to the society's headquarters in this central Pennsylvania college town. Indication of Feeling An indication of the organization's strong feeling about the Bicentennial issues was the leaking of the news by new gave the story to a national weekly stamp newspaper rather than Walt for the society's own monthly publication. DeVoss said this is only the fourth time in history that the society has black-blotted an American stamp Issue, and the first time two have been so marked at the same time. In this case, he said, the Postal Service is obviously counting on people to buy the 50 and 32 stamp sheets as souvenirs and not use them for mail. Murch, in his committee's statement, noted that the Postal Service admitted issuing the state flag collection under heavy political pressure from state and federal officials. In the past, the society has black-blotted American stamps for having 01, or even eight, separate stamps in an issue, he said. Cats Catalogues Listing The black blot usually results in many catalogues not listing the stamps, thus cutting down the number of stamps circulating among collectors, and collectors avoiding the censured issue, DeVoss said. He does not expect the black blot, however, to stop the Postal Service from printing the marathon issues. "I doubt if they will even respond," he said. "They're laughing all the way to the bank." liam Murch of St. Louis. Murch Iowa fuel firm to refund $32,912 KANSAS CITY, MO. (AP) The Federal Energy Administration (FEA) said Wednesday that a Burlington, la. fuel distributor, Yetter Oil Co., has agreed to make refunds totaling $32,912 to its customers for al- alleged charges above the lawful ceiling prices for crude oil. . Mansfield: Oil price decontrol compromise still possible WASHINGTON, D.C. (AP) A glimmer of hope remains that President Ford and Congress will be able to reach an eleventh-hour compromise in the dispute over decontrol of oil prices, Senate sources said Wednesday. President Ford has said he will veto a bill passed by Congress that would extend price controls for six months beyond the Aug. 31 expiration date. One source said that "discussions are still going on. ... They are still hopeful of working out a compromise," but he did not clarify what kind of compromise is in the works. Eyes Talks With Ford Senate Majority Leader Mike Mansfield said he has hopes of talking with Mr. Ford later this week to offer "some suggestions" for a compromise. The bill to extend price controls has not yet reached Mr. Ford's desk, although it was passed before Congress began its August recess. The Senate parliamentarian •aid Wednesday that Mansfield has not given the word to send the measure to Mr. Ford, indicating the bill is being held up to avoid a pocket veto while Congress is in recess. Mansfield, asked if he will continue to delay sending the bill to the President, said: "Not necessarily." Allocation System The nationwide oil allocation system, designed to provide fuel on an equitable basis to every section of the country, also will lapse Aug. 31 unless the President signs the disputed price control bill. ' Representative Harley p. Staggers (Dem., W.Va.), chairman of the House Commerce Committee, Wednesday voiced concern that a sudden end to the oil allocation system could create chaos. He warned, that the end of allocation could leave many gas station owners unable to. obtain enough fuel to stay in business. Staggers said he stilt has a "glimmer of hope" that the bill extending controls will be successful. He warned that if the President follows through on his veto promise "he may well be vetoing his own chances fo'r re-election. Governors' Meeting Mr. Ford is to meet today with at least IS governors for a conference on a predicted shortage of natural gas. The National Governors Conference said 15 of the 17 governors invited by Mr. Ford have agreed to attend the session. Included are Iowa Gov. Robert D. Ray and the governors of Delaware, Kentucky, Louisiana, Maryland, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont and Virginia, BINGO" CASH PRIZES EVERY NIGHT 7:30'till 0 DOORS OPEN 6;30 SUNDAY AFTERNOONS 2 'til 5:30 DOORS OPEN 1:30 "COME and CO at your LEISURE!" YOU PA Y only for the games YOU PL A Y! CLOSED SUNDAY EVENINGS AND HOLIDAYS DOWNTOWN BINGO PARLOR 816 WALNUT Jack the Ripper-type killer feared in Miami MIAMI, FLA. (AP) -~'t "Jack the Ripper" type of sav age killer is looseMn the Miami area, a medical examiner said Wednesday after performing autopsies on two of 12 young women found slain here recently. The next victim could be even more savagely attacked than the most recent victims, a Dade County police spokesman said in agreeing with Dr. Ronald Wright. Whoever killed Ronnie Gorlin and Elyse Rapp "is the same kind of killer as Jack the Ripper and I believe he is rapidly accumulating a number of victims," Wright said. (Jack the Ripper terrorized London in the late nineteenth century. Although he was never captured or identified, some authorities believed he may have been nobility or a surgeon. He stabbed and ripped young worn- en with an Instrument some believed to be a scalpeel.) The bodies of both young women were found in an area canal last month. Officers Mid Rapp had been slain eight days before Gorlin. Police said an analysis of tho slayings revealed "a progression of violence" in which the next victim could be more savagely attacked. As many as 12 young women slain in South Florida could have been victims of the same killerrWright said. He said he has examined tho bodies of five young women killed recently in the county. "We can be reasonably certain that all five had enough similarities" to link them. Loses tonsils BEIRUT, LEBANON (AP)Idi Amin, the president of Uganda, has had his tonsils removed, the Iraqul news agency report* ed Wednesday. OPENING DSoft, supple suede leather uppers, witfi contrasting suede overlays to offer a totally neitf, attractive, design DSoft collar, padded tongue for increased comfort Dlnside counter for better fit and/shape retention OMolded sponge cushion for heef and arch DLong wearing translucent molded outsole with heavy gauge outside foxing for added durability JUST IN TIME FOR MEN'SNf & BIG BOYS SIZES! 7 to 13 Will also fit Some Girls Sizes Not All Sizes in Every Color BACK-TO-SC While They Lost. . • I* Compare Red Blue Gold Black (Des Moines Store Only) 11 Just One of Many Outstanding Bargains You'll Find at the New. . ." FAMOUS FOOTWEAR 4353 MERLE HAY ROAD '/2 Mile South of 1-80 HOURS: Mon. thru Fri. 9:3O-9:OO, Sat. 9:3O-5:3O, Sun. 11-5:OO

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