Northwest Arkansas Times from Fayetteville, Arkansas on June 21, 1974 · Page 8
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June 21, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 8

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Fayetteville, Arkansas
Issue Date:
Friday, June 21, 1974
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Page 8
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MarHiwetl ArhanM* TIMCS, Friday. June 21, 1974 Thursday's Clouds Thursday's satellite photo Maine and over Minnesota, shows a band of Hoods over and another hand over t h e Northern Rockies. (AP Wire- pholo) Senate Rushes Stockmen's Aid Plan WASHINGTON (AP) -- A loan program to assist hard- pressed livestock producers is moving toward final shape in the Senate after Agriculture Secretary Earl [,. Butz qualified Nixon administration opposition to it. Butz said Thursday he still basically opposed the measure as a bad precedent. But he said he preferred to recommend safeguards that might improve Senate debate was scheduled for today on the J3 billion measure, which would provide guaranteed loans to livestock, . dairy and poultry farmers stricken by the eight-month price decline at the farm level. A vote on the measure is .set for Monday. Butz said he feels Ihe livestock producers' situation--with losses for m a n y of up lo $200 an animal as costs have steadily risen--has bottomed out. The secretary predicted that relatively few farmers and ranchers will go completely broke as a result of the decline. Butz also stepped slightly back from an earlier threat to recommend retaliation if Canada does not soon agree to a system that would reopen its market to U.S. beef, a JlOO-million- a-year outlet for American cattlemen. Butz said his talk of possible retaliation was not meant as in- terference with Canadian government decision, only as a reflection of "the position in Ihis country." In Ottawa, the Canadian cahi net met after the Butz statement and decided lo keep the beef ban in force, sources said. The Stronger Dollar Indicates Relative Strength Of Economy By JOHN CUNIFF NEW YORK (AP) -- That »2- billion surplus in the nation's balance of payments during the first three months of the year I likely contribute to an even further increase in the dollar's respectability. In the eyes of foreigners, the dollar has been growing increasingly attractive in recent weeks, despite its frayed edges. Some of the petroleum exporting nations are becoming its big supporters. Illustrating this, foreign bank deposits have been rising in recent weks. Morgan Guaranty Trust Co. estimates that more than $1 billion poured into U.S. banks from foreign institutions in the 30 days to mid-June. This increase, it said, brought the total second-quarter influx to about $3.5 billion. Among the reasons given for the renewed interest in the dollar was the high rate of interest offered. The bank, which closely follows developments in foreign exchange, noted that the dollar now was firm against all other major currencies, a n d much stronger in relation to some. The biggest gain noted for the period from May 13 to June 18 was against the German mark, about 4.75 per cent, and the Italian lira. Against the Japanese yen, the dollar gained 1.75 per cent. In general, the improvemeit seems to indicate relatively greater confidence in the U.S. economy, despite its problems, than in the economies of other industrial nations. While serious imbalances exist domestically, they tend to pale when compared with t h e economic disruptions abroad. Inflation, for example, is at a lower rate in the United States than in many foreign nations. Moreover, the wholesale prices of manufactured goods have been rising at a much greater rate in most industrial nations. One of the reasons is the extremely high cost of energy in many nations that lack a domestic petroleum supply. Balance of payments deficits exist in Japan. France, Italy and the United Kingdom, at leait partially because of higher oil prices. While the United States also has a deficit in its oil trade ac count, its over-all payments balance is in surplus because of other factors, including exports. As a result, those with money to invest tend to overlook the problems in the U.S. economy -- problems that in other years might have frightened them Tucker Hospitalized UTTLE ROCKi (AP) -- At'.y. Jen. Jim Guy Tucker, who h« wen hospitalized at the Baptist Medical Center for · high It- ·er, said Thursday that he expects to be released in less Jian on* week. Tucker said he contracted a igi fever on a recent trip to Washington. Since the fever idn't respond to mediation, Tucker said he entered the nos- ptial June 10. He said the fever was irought on by some type of in- ection, possibly related to ulcerated colitis, which has trou- bted him previously. TRINITY TEMPLE T100 Rolling Hills Drive Where You Con Feel the Difference. Services: Sunday 9:30 a.m. 11 =00 a.m. 6:00 a.m. Wednesday 7:00 p.m. Bead ft Jane 23rd in The Arts and You: The Arts Are for Everyone "It is impossible to divorce ert inn recrfdaf Kje* So you think the average American "wouldn't be caught dead" at an opera or a ballet? Well, you may have to revise your opinion! This week, Gerald A. Bartdl tells about new research that reveals Americans' views of the arts and of what they contribute to the quality of Irfe. Read how many Americans would willingly pay taxes to support arts programs and also what they believe about television and radio. "People Quiz": Do People Really Like Ton? TRUE OR t'ALSK? Tie artst vay to Imnt another JXT- ttnef if to dcfaiiic yout · glaring ttrnu. This week John Ed Gibson examines the hows and whys of being liked and disliked by our fellow human beings. You'll be surprised at how people reaffy react to habits and traits you may pride yoorseff on having. Test your cwn ideas with these six intriguing true or false questions. h Yoer Copy Of The Vtrt^mtst Artuusai Continuing Our In-Store Warehouse Clearance Our Warehouse Is Overstocked! Many One Of A Kind!... Some Damaged FURNITURE 3 Cushion Sofa Orig. 249.95 188.88 Stripe Love Seat Orig. 179.99 126.66 Floral Sofa Orig *369 $199 High Back Sofa Orig. 249.95 176.66 Traditional Sofa Orig. 249.95 $199 Sofa Sleeper 288.88 La-Z-Boy Rocker Orig 219.95 96.66 China Cabinet One. 2,9.95 186.88 3 PC. Spanish Bar Orig. ,49.95 86.66 Spanish Style Sofa Orig. ,89.95 96.66 Swivel Rocker Orig ,,995 56.66 La-Z-Boy Recliner Orig 769.95 156.66 Shop Tonight 'til 10 pjn. Rocker-Recliner Orig 22995 H6.66 Sleeper Sofa Orig. 24995 176.66 Student's Desk Orlg- $78 46.66 Jamison Sofa Orig 3,995 266.66 Traditional Chair Orig. 139-95 66.66 Velvet Chair Orig. 99.95 47.77 Traditional Sofa Orig. 269.95 186.66 Spanish Chest M9.95 88.88 End Tables 19.99 Bedroom Suite Orig 44995 319.95 Den Chair Orig. ,49.95 98.88 Tufted Chair 56.66 Grandfather Clock Grig. 23995 136.66 Studio Bed $66 Dining Suite 366.66 BEDDING King Size Mattress and Box Springs Orig. 769.95 128.88 Queen Size Mattress and Box Springs OH 9 . T79.95 119.88 Full Size Mattress and Box Springs Prig. 139.95 78.88 Twin Size Mattress and Box Springs 68.88 King Size Tension Ease Sleep Set 236.66 King Size Beauty Rest Sleep Set OH, 4i9 W 319.95 Floral Sofa 126.66 Love Seat **· MW» 76.66 Night Stands 19.95 Northwest Arkansas Plaza Just The Thing For Your Hang-Ups! Hand Made Picture Frames SAVE 40% TO 50% Orig. 13.95 8x10 Inch 7 99 Orig. 17.95 11x14 inch ...9.99 Orig. 21.95 12x16 Indi 10.99 Orig. 24.9S 16x20 inch 12.99 Orfe 32.95 20x24 Inch 15.99 Save from 40% to 50% on assorted hand made from**. Choice of four style* and five Mies, A very special offer to lave on picture frame*. W» think we hove just the frame for ony picture. PrOurei-DIUAMXS-Second Floor Open Mendoy Tlire»t|h Sotarday 10 ajd. to 9. p.,,.

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