Northwest Arkansas Times from Fayetteville, Arkansas on June 24, 1974 · Page 14
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 14

Fayetteville, Arkansas
Issue Date:
Monday, June 24, 1974
Page 14
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Northwtrt Arkanwt TIMES, Man., Jon* 24. 1974 FAYITTIVILLK ARKANSAS Rate Of Inflation Is Up 13.2 Per Cent Over Year By JOHN C U N I F F NEW YORK (AP) - In the pflst few weeks there lias developed very little evidence to support the consensus forecast of a sbarp drop in price increases snd interest rates by the end of the year. And. since tbis is a repeat of the 1973 scenario, when prices seemed lo defy Ihe efforts and best intentions oi those who claimed to understand what was going on. there exists lo- day a feeling of abandonment to fate. The federal government has largely withdrawn from direct intervention in the marketplace as a whole, although it continues sporadically its attempts lo cover over the big problems, such as the threatened bankruptcy of cattlemen. The forecasts come with the old frequency but are quickly assaulted by facts. Private and government forecasters alike are beginning lo find themselves out on a limb, their pleas of "wail 'til next month' sounding too shrill to be believe:!. Last week Ihe prime rate rose, against the forecasts, ol course. It was foreordained bj a sharp rise in busines bor rowing at the big New York banks, again in defiance of the forecasts. The latest consumer price in dex. for May, also showed an increase in the rate of-increase to an annual rale of 13.2 per cent. It meant that consumer prices in May were 10.7 per cent over a year ago. What does ( h a t mean ir terms of wages? For some, ol course, it means automatic in creases because their income?; are lied to the cost of living rising via escalator clauses lo the same degree. For milieus of others, how ever, it means a further de crease in the purchasing power of the dollar they take home They can buy less and less with legal Notices-- iat dollar unless they get pay aises. And so. trouble b r e w s :i that front. In fact, the forecasts that ecm most likely lo be realized re lliose now emanating f r o m very direction that labor will ocome increasingly aggras ivc, a f t e r a mysterious hiatus u r i n g the past year. Medical bills are growing fas- er now t h a n earlier tbis year, lolhing and used car prices re accelerating. Mortgage ates are rising, although the onsetjuences arc academic, ince the housing market has 11 hut expired. What is bothering some econ- inists and government officials low is a matter t h a t should ave been appreciated muclarlier: Whether prices can be ontrollcd at all for man months more. It is one thing to control do Ticslic prices through proper tscal and monetary measures t is an entirely different mat er when. Hie prices to be con rolled are set abroad. Both energy and food arp nancl setting the price. Since ma nd setting he price. Since be United Slates imports both --as well ,is exports both--i cannot escape the inflationary mpact. conveyed lo John J. Carrier, hy .Mrs I.. E. .Manahim. thence Norlh 163 rod to the beBmning. containing .75 of ni acre. To rezonc from n-1. Low Dentil' nejidenllal District lo C-2. TliorouRlifnr All interested rallies may appear am be Iie»rd »t said lime nntl place , wy of lie proposed amendments nut oilier pertinent data are open iuii available for inspection in Ihp Olfici of City PlonninB. City Atfrnmistrnlioi BulldtnR, Fayctteville, Arkansas. A!! interested parlies are invited ti review Hie pctlllon in j«id oriicc am diseuss Ihe details with the Plannini Administrator. RIVEN U N D E R MY HASD THIS 191] diy a June 1!TM. ITc II ERNEST JACKS, Fccrclar* NOTICE OFFERlNn PUTlLlC HEAHINT ON HIGHWAY LOCATION AND DE SIGN' JOH K-72 1 FEDERAL Alll PROJECT US Mills) CLEAR CREEK HK1DGK AI'PRS WASHINGTON COUNTY All Interested persons arc advised Inn Washington County and the Arkans; Elale Highway Commission arc plannir reconstruction o f thn c l e a r C r e e Bridge and iu approaches In Wasfnnplc County. The proposed project begii from a point approximately S mill northsvpsl of Hie Jcl. ol stale Hw 112 north 0.3 miles on FAS Home 1G6 The work contemplated g e n e r a l l y consl.s ol Grading Minor Drainage Slruclun and conMniclinn of One Hrid^e acrv Clear Creek, plans slioinns location at design features of the contemplated woi and information relative lo environment studies are available far public inspcctic at Ihe ollice of the District Ensinee Arkansas stale Highway Dcpartmen 4019 Towson Avenue. Foil Smith. Arkni 5as. Any interested cilncti In the v i c i n i l of said route may request that a nubli hearing be held regarding this proiwse location and design and" the econom: effecl of such conslrut-lion bv subiniltin a written request In the District Eng neer, Arkansas Slate Highway Depat ment, P. 0. BM US), Kort snith ,A Kansas T2MI, on or before the 1 da of July, 1971. !n the event such request is rereivi further notice of the dale, time .11 place of the hearing will be published arc 10. 21 4-H CLUB NEWS Asbell Third Graders Succeed In Fund Raising It has been a successful season for two third grade "business ventures' 'at Asbell Elementary School. The Kite Day Poppers, Inc., from the classes of Mrs. Penny Fox and Mrs. Marilyn Martin made a net profit of $38,11 from Asbell's Kite Day. The K i t e Day Coke Sellers, Inc. of Mrs. Lucile Cathcart's room, made $52. The president of Kite Day Poppers Is Ricky Luttrell. with Wade Williams as vice president. Lynn Woodruff is president of Kite Day Coke Sellers Inc. Brenda Stout, a cerebral palsy victim attending Asbell. a stockholder in the K i t e Whopping Turtle A big snapping turtle was held by Tom Terris after it w a s Found on (he bank at the Mil- waukee River near Terris' restaurant in Milwaukee, Wis. The turtle measured four feet from head lo tail. (AP Wire- photo) was conducted. Participation in a records book workshop was planned. Donnie arid Shelly Hatn completed the meeting by serving refreshments. Troops Refused LITTLE ROCK, Ark. (AP) -When the Civil War began, Arkansas Gov. Henry M. Rector refused to provide troops for the Union army. A S e c e s s i o n Convention adopted an Ordinance ol Seces sion on May 6, 1861 Dav Coke Sellers. A United Cerebral Pals building funrt committee is try ing to raise $11,000 by July 15 for construction of a new pre school facility. Colson Testifies WASHINGTON (AP) Charles W. Colson has told tbe House Judiciary Committee h alerted President Nixon both ii January anrt February of 197 lo high-level complicity in Ih Watergate affair. Nixon repeatedly has insisted that his first such revelations were presented by John W. Dean in their conversation of March 21, 1973. Goal 01 Overkill Superiority Precludes A True Detente ·The third annual Soviet- uccess, though Watergate In it- American summit of the Era of ·Jegotiation opens this week in vloscow and the outlook seems o be. at best, for a modest movement forward of the de- ente process. What the leaders of the ..Grid's two most powerful na- ions achieve in lerms of casing he burdens of nuclear arms, or example, is likely to be more cosmetic tbvan real. It is ikely. too. that when this third summit in as many years is over, a wide gulf of mistrust between East and West will persist. Both President Richard Nixon and Soviet Communist partj, Secretary General Leonid 1 Brezhnev are being watcher closely by critics at home and allies in their respeitive camps who have been carefully briefed in advance on what and what not to expect from Sum mil III. To the rest of the world "de tente" implies relaxation, hope that humanity can f i n e ways to avoid drowning in the sea of off-beat logic generate! by the nuclear age. Each su perpower has enough mass tie struction potential to obliterati the other, yet the logic of tin era is t h a t each wants assm ance of superiority in quality o quantity of overkill before call ing a halt to buildups. President Nixon, contcndin; at home with Watergate, coul get a psychological lift from another palpable foreign polic elf nudges Soviet doubts about ic prospective continuity of .merican policy. Brezhnev's leadership is on he line. He wants to retain the oviet image of peacemaker, ut he needs also to show dqub- ers in his camp some tangible rofil from detente. Summit. I in Moscow in 1972 nd Summit fl in Washington ast year aroused widespread io|)C 'that a genuine relaxation night be in prospect. This time he world may have to be con- cnt with a consolation prize uch as agreement [hat nuclear esting ought to Ire f u r t h e r lim- tod or some resounditrg declaration of good intentions with respect to nuclear arms. But [he ideological wall remains high. Difficulties t h a t lave kept relations sour f o r lecadcs are still there, some made even 'more formidable by recent developments. Salvage Drive NEW YORK (AP) -- T h · Volunteers of America has aunched its 78th annual salvage drive, Trucks are dispatched lo homeowners who telephone the local post, of the Volunteers of America, saying they have clothes, used furniture or old appliances to donate. All reusable goods are sorted, cleaned, repaired and redistributed to those in need. BETHEL GROVE Debbie Moore was e l e c t e d president of the Bethel Grove 411 Club at its June meeting. 31 h c r new officers are: Sharon B u r a s c o , vice iresident; Gail Hroyles, secret a r y ; reporter; Karen Caselrrwn, Greg Oxford and Kim Adair, song leader: and Wayne Carter and Georgetl Thomas, recreation leaders. I A demonstration on "How to' Train a Horse for Barrel Racing" was presented by Randy Copeland. Plans for a baking workshop, project tour and participation in Rally Day were discussed during the business meeting. Ben Rutherford and Charles Moore also led tne roup in the pledges. Adult project leaders selected are: Roy Bond, hoys': Deloris Oxford, girls'; Barbara Carter, recreation: Barbara .Walker, lemonstrations: Nadinc Spears, f o o d s : Georgia Caselman. clothin: H e n r y Rutherford, dog; Charles Oxford, swine: Jack Copeland, horse: Bob Spears, dairy; Don Moore, poultry and Juanila Neal, beef. The refreshment committee of Kim and Karmcn Adair anil Kalhy, Karen and Keith Caselman completed the meeting. The next regular meeting will be at 1 p.m. July 13 at the Bethel Grove 4-H Club House HAZEL VALLEY Keeping 4-11 records was the main topic of discussion of the June meeting of the Hazel Valley 4-H Club at (he Hazel Valley Church. A l a n Baker led the group discussion on record keeping. A progress report was given by Larry Allard on his project and Mary Baker presented the devotional. The meeting was concluded with outside games led hy Jane Baker. SUMMERS SOONERS Summer classes on swimming and cooking for club activities were planned by the Summers Sooners 4-H Club at their June niectin» at the Cincinnati Community House. E 1 e c I i o n of oificers, enrollment of new members BEFORE YOU REPLACE YOUR OLD HEATING SYSTEM...OR ADD CENTRAL AIR CONDITIONING Ask about the amazing General Electric WEATHERTRON HEAT PUMP OME System COOLS HEATS your entire home quietly, efficiently, dependably Switches from heatingto cooling automatically, as required. The Weathertron system uses much less energy than an ordinary electric furnace. Delivers more than 2 units of heat for every unit of electricity it uses and operating costs are surprisingly low. (Under ARI Standard Rat. ing conditions at 45' f~.) it's easy to inslall. Requires no fuel storage tank, no chimney or gas connection. CALL TODAY FOR FREE ESTIMATE S HELTON ALES ERVICE 30/oOFF! OR MORE ON EVERY ITEM.' WILL BE DEDUCTED . AT THE REGISTER! I TED S T O I E S Eottgote Shopping Center (Hwy. 16 East, Fayetteville) WOUD'S G R E A T E S T OOLIAK VALUiS [

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