The Baytown Sun from Baytown, Texas on December 1, 1982 · Page 6
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The Baytown Sun from Baytown, Texas · Page 6

Baytown, Texas
Issue Date:
Wednesday, December 1, 1982
Page 6
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Page 6 article text (OCR)

6-A TIIE BAYTOWN SUN Wednesday, December 1, 19K Report Creating Optimism Mild Economic Recovery Seen At Hand By TOE ASSOCIATED PRESS Private economists generally agree that a mild recovery is imminent, based on a government report that its main economic barometer has risen for the sixth time in the last seven months. The Commerce Department said Tuesday that its Index of Leading Indicators, a measure of future economic activity, rose 0.2 percent in October. The department said it made a mistake earlier in the day when it reported the increase was 0.6 percent. Robert Sinche, chief economist at the investment firm of Bear, Stearns &. Co. in New York, said he viewed the steady improvement in leading indicators as clear evidence that the economy was headed toward a mild recovery. "There are indications from our own analysis that the November increase will be pretty substantial," Jiinche said. Lawrence Chimerine, chairman and chief economist Christmas Parade Planned Thursday Baytown area residents are reminded that the annual Christmas parade sponsored by the Baytown Parks and Recreation Department will be held at 6:30 p.m. Thursday. The parade will line up at the big oak tree on Texas Avenue, travel west on Texas, turn left on Lee Drive and will end at Carver-Jones Elementary. Members of the Parks and Recreation Department say a special invitation has been extended to Santa Glaus. He has promised to be there and will be aboard a Baytown Fire Department truck. A plaque will be awarded to each of the top three floats. Afto.- the parade, the Lee College Dixie Land Band and Jazz Ensemble will provide a A ree concert at Biceni^nniai Park. In the event of rain, the concert will be held in Rundell Hall. Hot chocolate and coffee will be sold by the Baytown Evening Optimist Club. For more information or to sign up a parade entry, call 427-7477. Questionnaire Card Accompanies Check Many veterans and c'ependents in Texas received annual income questionnaire cards with their November pension checks. It is importanc that those questionnaires be completed and returned by Jan. 1, so future benefits may continue, said Ted W. Myatt, director, Houston Veterans Administration Regional Office. Not all veterans and dependents received those questionnaires, he noted. But those who did must return them on time — or future benefits will be automatically suspended. Personal assistance in completing those cards may be obtained by visiting the nearest VA Regional Office or Veterans Assistance location. British Take Colony In 1810 The French Indian Ocean colony of Mauritius was taken by the British in 1810 because it constituted a threat to British vessels trading with India. The island became a British possession under the 1814 Treaty of Paris, which established peace between Bri- tain and France. The island, claimed by the French in 1715, had been called He de France. MICHELIN WE GOT EM FULLER TIRE CO 19001, JcxomUr 422-071 For everyday tiealtti needs — we are at your service Wide selection of lamous rume health supplies GIBSON Discount Pharmacy 1800 N. Alexander 427-7531 'of Chase Econometrics, told delegates at a forecasting semi• nar in New York that he viewed the underlying forces in the economy as "brighter now than at any time in the past three or four years." He pointed to reduced levels of inflation, higher productivity and improved supplies of commodities. The stock market, meanwhile, got a boost Tuesday from President Reagan's disclosure that h* had decided against asking Congress to move up the effective date of the July cut In personal income tax rates to January. The Dow Jones average of 30 Industrials soared 36.43 points to 1,039.28 on Tuesday. The gain was the, fourth-largest in history and pushed the average to its highest close since Nov. 12. The Commerce Department said the mistake in Tuesday's announcement of the leading economic indicators occurred, when someone used September's factory irder figures — instead of October's — In compiling the in- dexJ In other economic developments: —The Conference Board's index of help- yanted advertising rose in October, the first monthly upturn in a year. The business-sponsored research group, which checks the classified ads in 51 major newspapers, said the index rose to 76 in October from 73 .in September, but was 34 points lower than a year ago. The index is figured on e base of 100 in 1967. —The Agriculture Department said prices received by fanners in November rose 0.8 percent from the month before — but they were still 0.8 percent below year- ago levels. — Sylvia Ostry, headof the economics and statistics division at the Organization for Economic Cooperation and Development, said at a conference in Paris that the U.S. economy will improve gradually next year and that .the U.S. unemployment rate will begin to decline in the second half of 1983. KIT'N' CARLYLE™ by Larry Wright OKAY. | 5HCUU:> HAVK THROWN ourtnte santa specials 1/4 to 1/3 off men's & boys' jackets and coats 7.99-19.99 everyday 10.99-27.99 mens $uede front sweaters Acrylic knit sleeves & beck with warm, genuine suede leather front.' Rich fall col-1 ors. S-M-L. XL. Ot aim 29.99 or junior bomber jackets Poplin quilted poplin hunting jackets, pantcoats, all weather with zip-out lining, more! S-M-L. trig. 44.&4S.ttj 39.99 $16-$36 values 10.49-59.99 reg. 13.99-585 girls zip off sleeve jackets Nylon shell, poly fiberfill. Sleeves zip- off to wear as a vest. Lightweight warmth. Sizes 4-14. ttrjtor 25.99-32.99 salt 1S.3S-V.33 I V* off Vanity Fair dayware Bras, panties, camisoles, half slips, slips, our entire stock! Basic, fashion colors, reg. 2.75-$ 18 Uli2.m-13.5l 25 % off Save on comfortable full support, styles in white, beige, black. Sizes 32-36 A, 3238 B&C. reg. 2.99-3.99 **/#-£* 25% off Boy Plaza Center 9.00 a.m. to 9:00 p.m. Doily 20 piece dinnerware Dishwasher, microwave, oven safe! Beautiful floral and band patterns. A $70 value. 39.99, misses stadium jackets Warm on those cool days. popular 28' to 30" length. Poplin or quilted poplin stadiums.. Sizes S-M-L. fif. 49.99 29.99 famous maker towels Cannon ! Martex! Cot- I ton terry! Beautiful solids! Colorful Prints! Slight imperfections do not affect quality. $6 if perf. 1.99 San Jocinto Mall 9:30 a.m. to 9:30 p.m. Doily

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