Northwest Arkansas Times from Fayetteville, Arkansas on April 28, 1974 · Page 32
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 32

Fayetteville, Arkansas
Issue Date:
Sunday, April 28, 1974
Page 32
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Page 32 article text (OCR)

IOD · Northweit Arkansas TIMES, Sun., April 28, 197 'AVITTIVILLI. ARKANSAS r ' Facts On Futures By WYLIE PARKER and LAVEKN HOUFIELD A. G. Edwards Sons F u t u r e s have gcueraU ·lacked direction In recen' Weeks. Markets . have moved terratically and have been cliff I- ciBt. to trade. With the usual weather-acreage uncertainties at this time of year this is often ·the case. With the exception of the wonsecning situation in India, foreign and domestic crop developments now read favorably and nllow the markets to move in the downward direction. The rise of short term interest rates has mixed impacts ·on futures. Higher rates menn higher carrying charges and .lend to discourage buying. On the other hand, the inflationary bins built into interest rates 'suggests an inflationary boost for commodity prices. To the extent that high interest rates should retard economic activity, they are bearish. LABOR PROBLEMS command a good portion of the forecasting these days. Possible strikes by the independent truckers (May 13), the Chicago grain elevators workers (June 1). the copper industry (June 30) and the longshoremen (Oct. 1) are playing a major role in the outlook for prices as well as the plans of those handling the cash articles. The crises of governments continue in France, Israel and .the United States. Middle East pensions have heated in recent weeks and will remain a market force. · The strategy for these times Is to trade on a short term basis with close stops. Weather problems have not seriously hurt the condition of the wheat crop. Those areas of dryland wheat in Texas that were in poor condition before continued to be substandard While irrigated wheat maintained good condition. -!."LATE FREEZE .conditions "did little damage to the crop. The continued erosion of the weekly "unidentified export" sales removed much of the bullish support from th market. Lack of ships at Gu ports matched by heavy sup plies there continued the en bargo problems at those ports Weekly inspections for expor fell to the lowest levels in tw years. It is now expected tha the 1.2 billion b u s h e l cxpor projection of the USDA will no be achieved and that the carr; over figure may go from 18 to 230 million bushels. The 8 per cent intended In crease in Canadian wbea acreage gave little comfort t the bulls. The only thing the really have had on their sid was purchases by 'India. Th food situation in that countr continues to attract more atten lion as each day passes an possibility of substantial PL 48 authorizations is considered bullish prospect. For the pres ent, however, the market i looking at a good crop here an should continue under pressure CORN CONTINUES to fqeu more on new crop condition than on old. The possible true" strike on May 13 could mak the current fertilizer problem even worse. The recent rain in the Midwest and the eco nomics of the situation hav also raised questions as to who ther intended acreage will b met. China has cancelled sev eral cargoes of export corn. Thi competition from South Afric. has helped to depress prices a has farmer selling in the U.S which normally occurs jus ahead of planting time. The April 1 stocks in Al Positions report (to be releasei April 24) could be a marke factor in the short run becaus' of its implications concernin; Ihe amount of corn feed in tin Tirst quarter of 1974. While soy bean meal had bought back much of its lost market in th last quarter of last year, tin drop in livestock prices is nov. causing feeders to move away from the high protein ration We expect prices to drift lowe: n the period just ahead. Wi 'avor bear spreads (long dis 'ant-short nearby) in corn. Little Rock Prepares For Quapaw Quarter Tour May 4 By TYLER HARDEMAN Spring transforms Little Hock Into a border garden. Azaleas bloom in gardens, backed by while and pink dogwood, highlighted by red and yellow tulips. The delicate green of new growth burgeons everywhere. There is no belter time to see the city at its best. At the height of this beauty, on the weekend of May 4 and 5, Little Rock's Quapaw Quarter Association will hold its 12th annual Quapaw Quarter Tour. This year the popular event will be expanded to include the Arkansas Territorial Restoration Crafts Show. The two events will serve as the kickoff for the celebration of National Historic Preservation Week in Arkansas. This nationwide observance draws attention to our historic past as the U.S. Bicentennial Celebration approaches. Historic preservation focuses on the need to maintain and restore old homes, public buildings, hotels, churches and other significant structures -- not piecemeal in museums, but in their original locations. ', Little Rock's Quapaw Quarter Association is dedicated to historic and architectural restoration and preservation of the original area of Ihe city. The Quarter is bounded on the north by the Arkansas River, on the east by the Little Rock Airport, on the south by Fourche Creek and On Ihe west by the present Slate Capitol. Within this area roost of the remaining structures significant to the growth and history of the city are located. The Quapaw Quarter Association has been instrumental in saving many of these historic buildings from destruction.and during the Quapaw Quarter Tour, (he association will unveil several of these structures : TOUR NUCLEUS , Beautiful old Scott Street, the 'Park Avenue of Little Rock" 100 years ago. will be the nucleus of the tour. The street 1 s . .located one block east of Mam Street and runs from the river south through the history of the city. * .Included on the tour will he th r e e residences presently undergoing restoration for eon- temporary use _ (he Hanger House (1010 Scott Street) the Garland-Mitchell House (!·"{ Scott Street), the Terry-Jung House (1422 Scott Street) Also ." P ar J ° r "c lour will be the Villa Marre (1322 Scott Street) headquarters of the Quapaw Quarter Association, and the Albert' Pike Hotel at 7th and Scott. The sixth stop will be the Arkansas Territorial Re storation, a preserved glimpse at the very earliest days of Little Rock. Two shuttle buses will provide free transportation along the 15- block tour route from 2 to 6 p.m. daily. An audio-visual presentation of the Quapaw Quarter will be shown continually on the two days of the tour at the Territorial Restoration Reception Center. The showing will be open to the public. Tickets for the tours will be available at the Villa Marre or at the Pulaski Visitors Council, located in the Little Rock Convention Center. Tickets for the weekend event will he $2 for adults, and 50 cents for children. CRAFTS SHOW The Territorial Restoration Crafts Show will last from 10 to 8 on Saturday and 10 to 6 on Sunday. There will be no charge for the event. Some 25 Arkansas crafts displays -- w e a v i n g , leather working, pottery, quilting, woodworking, batik, knifemaking, basketry, jewelry and many others - will be set up under the spreading shade trees of the Restoration. Dulcimer and guitar music will be an added attraction. The Arkansas chapter of the Herb Society of America will also have a display at the crafts show. In case of bad weather, crafls displays will he set up in the restoration's 13 historic buildings. On Saturday. May l. over on Main Street, a flatbed truck wii: be filled with musicians performing in a "Down South Mtisiclhon" sponsored by Little Rock Unlimited. Musicians in the audience will also be invited to perform. A a .spokesman for the weekend says, "More than 150 years of Arkansas' past anc heritage will be on display along Scott Street, May 4 and 5. Not as a history lesson, but as a reminder of how the pasl can be preserved and restorec lor use in the present and the future, And that's the theme of National Historic Preservation Week 1974." For more information about the Quapaw Quarter Tour ant the Territorial Restoration Crafts Show and Sale, write the Pulaski Visitors Council, Con vention Center, Little Rock Ark. 72201. REVPHOLSTERY SPECIAL! SOFA $129.00 .n/i'H, Choice of Naugahyde, Nylons, Herculons and Velvets Choice of Colors 3 EAST. .MOUNTAIN RECOVERY ROOM Phone 521-8815 Sears Monday April 29th Only! IVow You Select The Item To Be On Sale On The Regular Price Of Any One Item In AH 8-Sears Stores During The RED TAG SALE · Limit One Red Tag Per Family · Only One Item Per Red Tag · No More Than One Red Tag May Be Applied To Any One Purchase · Red Tag Discount Only Off Regular Prices · Red Tags Do Not Apply To Service Work · You Must Present Red Tag At Time of Purchase SHOP AT SEARS AND SAVE Satiifaction Guaranteed «r Your Money Sack SEARS. ROEBUCK AND CO. Sears Northwest Arkansas Plaza 4201 Highway 71 North, Fayetreville Call 521-6000 Sears Springdale 216 West Emma Call 751-4663 Sears Rogers 110 South First Call 636-4820

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