Northwest Arkansas Times from Fayetteville, Arkansas on June 24, 1974 · Page 3
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 3

Fayetteville, Arkansas
Issue Date:
Monday, June 24, 1974
Page 3
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Page 3 article text (OCR)

Weather Forecast Continuing cool weather is forecast Monday for the northern stales. Warm weather is expected tor the Southwest and southern Plains. Showers are forecast for Florida h u t most of the nation is expected to have clear or partly-cloudy skies. (AP Wirephoto Slap) Amtrock Studies WALNUT RIDGE, Ark. (AP) -- Questionnaires probably will be sent next week to residents o f C r a i g h e a d , Lawrence, Greene, Clay, Randolph and Sharp counties in connection with a feasibility study concerning a proposed Northeast Arkansas Amtrak stop. Walnut Ridge and Newport are competing for the stop. Amtrak currently has Arkansas stops at Little Hock and Texarkana. Amtrak officials recently an- Arkla Obtains Coal Reserves As Hedge LITTLE ROCK (AP) -- Sheffield Nelson of L i t t l e Rock, president of Arkansas Louisiana Gas Co.. saici Saturday that Arkla has been obtaining coal reserves as a hedge against the dwindling availability and the rising cost of natural gas. nounced that a temporary stop would be established this fall at Newport to test the feasibility of a Northeast Arkansas stop. Nelson said the firm had been dealing with various companies, which he declined to identify. He also declined to estimate the amount of coal reserves already obtained by Arkla. Nelson said Arkla now has 6.5 trillion cubic feet of natural gas on reserve. "We think that, with more t h a n a 300-years supply, coal is definitely the fuel of the future," he said. Latin American Inflation Is Perhaps Worst In World LATIN AMERICAN Z-34 BUENOS AIRES, Argentina (AP) - They're not shedding any tears in South America for North Americans lamenting inflation. Down here inflation has been a household cuss word for years. In Chile last year the cost of living went up 700 per cent. It was already 87 per cent this year by April. In Uruguay, (he price index rose from 100 in 1963 to 9.S39 in 1973 -- an inflation rate of 10,000 per cent, according to the International Monetary Fund. The price of an Argentine newspaper has gone up 200,000 per cent since 1944. It is as though an American who paid a dime for his paper after World War II now had to pay J200. "A paper now costs 200 pesos," mused a banker here. "Twenty years ago I could take my girl friend to lunch, the movies, afternoon tea, buy her flowers and then go back but to the suburbs in a cab for 200 pesos. That's inflation!" Wages have gone up, too, though generally at a lower rate. For most Latin Americans, life gets tougher every day. For the millions with no work, it borders on the impossible. PART OF LIFE As serious as it is, inflation is just a part of life, liie taxes and flat tires. Economists list dozens of reasons for inflation, but the spiral basically is caused by more currency than goods on the market. As prices soar, wages follow, and prices climb again. P l u m m e t i n g devaluations against the U.S. dollar directly affect most economies here. Governments in Brazil, Argentina, Bolivia and Chile whacked three zeros off their currencies during the past 15 years so the units would be lower. Since becoming independent in 1822. Brazil has gone from the real to the milreis to the cruzeiro to the new cruzeiro. Each new currency unit was worth 1,000 of the old. If American currency had devaluated at the same rate, a George Washington t o d a y would have to throw $1 billion across the Potomac. Most families buy things on time, despite high interest rates. They know that tomorrow's salary will be higher than today's price, so they stay as deeply to debt as they can in order to come out ahead ' resident who bouaht an av- erage car on a dollar contrac a year ago in Santiago, Chile for the equivalent of $7.000 ha. found the auto appreciates more than five times. He careful not to wreck it. The standard government ar proach has been to fix price- and, sometimes, wages. But UK results are generally poor. Merchants either ignore thi fixed ceilings, or they tak their goods off tbe market. Ex tensive black markets develop Families suffer severe short ages of basic items. The extreme examples Latin American inflation art the world's worst. But not all Latin America: countries were in had shape. Mexico, for example, wen from 100 to 182, and Venezuela with huge oil earnings, rose 10 to 124. The United States' index foi that period was 100 to 145. State Equipment Reported Stolen LITTLE HOCK (AP) Thomas A. Haerrin, assistan director of the state Planning Department, said a departmenl official discovered the 1 o s s of about $10,000 in state equipment when he went to his office Saturday. The equipment included slide presentations, projectors an slide carousels. Haerrin said he did not know how entrance to the offices was gained, but he said the offices customarily were left open unti midnight for clean-up crews. Dennis Remembers LONDON (AP) -- Denni Flanders is 45 and a member o tbe Camclford. Cornwall, Coun ctl, but he remembers his earl; days. He wants a special board pu up in a local park so that younf lovers can carve messages 01 it. He put the idea forward wrier the Camelford Council was con sidering putting wire mesh ove a park shelter to protect i from carvers. "·We were alt young once and we probably all did a bit o carving of our initials," Flan ders said. "We should not gc out of our vyay to stop some ihing which is virtually a tradi Watch your money, grow at Fayetteville Savings and Loan Association. It's hard to make ends meet these days.. .but that's all the more reason to save. At Fayetteville Savings and Loan, your money will earn the highest interest rates consistent with sound business practices. A regular passbook account pays you SV*% interest, and the Certificates of Deposit pay you from 5% % to 7Vi% interest-- depending on the length of time you leave your money on deposit. Fayetteville Savings and Loan is interested in your future, and the/I! do everything they can to make that future bright. FSL A Partner In Life. ·substantial penalty required with early withdrawal of Certificate of Deposit. FAYETTEVILLE SAVINGS AND LOAN ASSOCIATION 201 NORTH EAST AVENUE, FAYETTEVILLE NEY V; ·/:.' \ · , / ! ' \ ' : t*~/ t-- ~. v ' , - ' · ( , ', ,' , , _ u Absurd Process NEW YORK (AP) - After x months on the bench, Sim- ·on Goiar, former New Y o r k ity commissioner of human ights, says the family court is an absurd process" with a oble mission it can no longer u l f i l l . He told a symposium here hat because of recent U.S. Su- reme Court decisions, defense naneuyers and administrative rocedures. tens of thousands f youngsters who reach juve- ile court are neither punished tor rehabilitated but are in fact Ai'Kontoc Man., JUM 24, 1974 * 3 Palindrome MT. PROSPECT, III (AP) The name of 0. B. Enebo, a sales representative for Addres- sograph Mulligraph Corp. here, educated in disrespect and con* tempt for the law. He recommended that "we start talking again about right and wrong and about accountability" and that "we acknowledge that punishment within limits can be appropriate." is very unusual. Eneoo's monicker is a palindrome -- it reads the same frontwards and backwards. According to researchers st the Schick Safety Razor Co. here, approximately 1.9 billion blades were sold in the U.S. last year, They averaged five one-thousandths of an inch in thickness each, and on top of one another would make a stack m o r e than 20.000 feet high. VACATION BIBLE SCHOOL CHURCH OF CHRIST JOHNSON, ARK. JUNE 24-28 7:30 P.M. David Boird, Assistant Prof, of History, UofA, Will Speak to Adults on History of the Church EVERYONE IS INVITED EASY - SEWING IS ECONOMY - SEWING IS FUN - SEWING IS EASY CLEARANCE!!! SPRING AND SUMMER FABRICS Our New FALL FASHION FABRICS are arriving daily -All Spring and Summer fabrics must go -- Take advantage of these great savings now -- there is still a lot of summer left -- Shop Today for the Best Selections! SEE OUR NEWLY ARRIVED FALL '74 COLLECTIONS. MORE ARRIVING DAILY. DOUBLE KNITS Entire Stock of Spring Patterns. 60" Wide. 100% Polyester. GROUP I GROUP II GROUP III SOLIDS - CHECKS - FANCIES Reg. $2.98 to $3.98 . . . . yd. SOLIDS - PLAIDS - FANCIES Reg. $3.98 to $5.98 yd. SOLIDS - SWISS DOTS - FANCIES Reg. $5.98 to $7.98 . . . . yd. $1.98 .98 EMBROIDERIES AND FLOCKS Entire stock of fancy finished denims and broadcloths. Including matching plain goods 45" wide -embroidered piques, sheers, in cotton and cotton blends. Reg. $2.98 to $9.98 yd. PRICE SPORTSWEAR Denims -- Duck Prints -- Seersucker 45" wide. Cotton and Cotton Blends. Reg. $2.98 to $3.98 PRINTS Poly Cotton Prints -- Whipped Cream -- Ultressa -- Dotted Swiss -- 100% Polyester and Poly Cotton Blends. 45" wide Reg. $1.98 to $2.98 SUITINGS Serrano-Linen Suitings. 100% Rayon-Poly- Cotton Blends. 45" wide. R«g. $2.79 to $2.98 c yd C yd C yd FABRIC CITY ly«ryn Kills ''Grt Wrth Th. Girii Who Mate, r 571,5308 5 IS EASY - SEWING IS KONOMY - SEWMO IS AM - SEWING IS EASY - 71 o

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