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

Fayetteville, Arkansas
Issue Date:
Wednesday, July 24, 1974
Page 3
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Oil Companies Admit Large Profit Increase NEW YOR.K(AP) - Several oil companies say rises in crude Oil prices on domestic and foreign markets helped to sharply boost .their profits during the second quarter of this year. Standard Oil Co. of Indiana, the nation's sixth largest oil firm, reported on Tuesday that a f t e r t a x profits for the three months ended last June 30 were 131 per cent more than the earnings in the same period of 1973, Shell Oil Co., seventh biggest, said its second-quarter earnings rose 39 per cent. Citice Service Co., 14th in size, reported a 76 per cent gain and Tenneco Inc., » conglomerate with significanl oil operations, said its net more than doubled. For the latest quarter. Indi ana Sandard registered earn Ings of $280 million on revenues of $2.47 billion. In the compar able period last year, $121.1 million was earned on revenues ef $1.53 billion. Its profits during the first six months this year totaled $49° million, compared to $242.5 mil lion in 1973. Shell earned $124.5 million In Hie latest quarter, compared with $89.5 million in the like period a year earlier. First-hal profits of $246.4 million outdis tanced the $169.8 million earnet in the first six months of las year. Cities Service, which retail as Citgo, said second-quarte profits this year totaled $53 million on revenues of $674. million. Last year $30.5 millio was earned on $464.1 million i revenues. Half year profits were $122. million for 1974 and $67. million last year. But Citgo sai its 1973 profits excluded an ex traordinary gain of $11,3 millio realized from the sale of it agricultural chemicals business ConEd To Pay Smaller Dividend NEW YORK (AP) -- Consol dated Edison of New York, Inc which omitted the customar 45-cents-a-share quarterly dlv dend, normally payable la: month, has announced it w! resume its dividends in th current quarter at a reduce rate of 20 cents. The resumed dividend will b payable Sept. 15. The announcement on Tue day prompted a gain of $1 share in trading in Con E stock.on the New York Stoc Exchange. The closing prii was 8'/4. The company said earnfn In the first six months of 19 were $99.318,784, compared wi $92,341,264 in the same perio of 1973. In both cases, t figures represent $1.25 a sharp Charles F. Luce, Con Edisc chairman, attributed the dec eie'n to resume paying a di dftnd on common stock prim a lly to "improvements in t company's financial results f the second quarter." O p e r a t i n g revenues, a cording to Con Ed, were $586 million, in the three-man period, as compared with $4D5 million in the second thr months of 1973. An improvement in revenu over the first six months of t year appeared heavily influe c«d by rate increases. The East Enj'oys Thundershowers By TICK ASSOCIATED PRESS Scattered thundcrshowers dumped rain on the East this morning. Warm weather con tinned in the Plains. S t o r m s smashed several small aircraft in California's Riverside County, lightning Ignited fires near Bakcrsfield and .here was flooding in the Ante .ope Valley. Winds blew 80 to 100 miles per hour at Riverside County iiirporl at Hemet. but the slier iff's office said no tornado was sighted. Rain measured 2.39 inches at Hemet in one hour. Elsewhere Ihundershowcr dolled areas from western Ne\ York through Tennessee ink southern Arkansas, the uppc Mississippi Valley into the con tral plains, and North DakoU into southern California. East of the Mississippi skie were mostly couldy this morn ing except along the coast. T the west skies were cloudy from the Dakolas to Southern Cal' fornia. Early morning temperature dropped into the 50s in Ne England, the upper Great Lake and along the north Pacifi coast. Readings before dawn range from 92 at Phoenix, Ariz., 51 at Quillayute, Wash., ; Houlston Maines. Cash Stolen S PR 1 N G D A L E -- Judy apps, 701 Janet St., told police 115 was stolen from a small liesl in her den sometime urine the weekend. Mrs. Capps Northwsst ArVanwi TIMES, W«?., Julf 24, 1974 FAYCTTIVILLI, ARKANSAS ; said nothing else in the house was disturbed. Police could find no signs of forced entry. The TIMES Is On Top of The News Seven Days a Week Weather Forecast Sunny, warm weather Is forecast Wednesday for most of the nation. Cooler weather is expected for the northern Plains. Showers are forecast for part of the western Plains, Michigan, and the up- per Great Lakes, the western Gtilf, and the mid-Atlantic slates. (AP Wirephoto Map) Brenl Bumpers Is Cub Reporter LITTLE ROCK (AP) -- Brent Bumpers, son of Gov. Dale Bumpers, is a cub reporter this ;ummer for the Elyria Ohio Chronical-Telegram. The 21-year-old Bumpers was {raduated recently from Hend- rbt College in Conway. Although his father has been somewhat critical of the news media recently, an aide to the governor said the governor did not object to his son's working as a reporter. "He thinks it's a noble profession," said Archie Shaffer III, the governor's nephew and aid. Schaffer- said he did not know what the younger Bumpers would dp after this sumer. Brent is spending the summer with his aunt, Margaret Kahliff, Committee Proposes Economy Legislation WASHINGTON (AP) -- The flouse Democratic Steering Committee, saying the American economy is in its worst position since the Great Depression, has proposed legislation ranging from tax reform to expanded government-funded jobs for the unemployed. The recommendation of the party's House policy group followed closely proposals made by a panel of economists, most of whom had served in Democratic administrations. Windows Smashed SPRINGDALE -- Nota Lin dall, 1010 Christian Ave., reported that 11 windows on her camper bus were smashed with rouks early this morning. Mrs Lindall told police the bus was parked in front of her house. Permanent Lower Speeds Are Urged WASHINGTON (AP) -- The Department of Transportation has urged Congress to make the current 55 mile per hour speed limit permanent in all states. Secretary Claude Brineg a r said t h e department has concluded that the reduced highway fatality rate experienced since the lowered limits went into effect outweigh ail economic arguments for raising the speed limits back to their original position. Hijacking Report Is Erroneous NEW YORK (AP) -- Th Federal Aviation Agency sa today that an Argentina jet reported hijacked landed safely at Kennedy Airport and apparently had not been commandeered. The Boeing 707 landed at 9:22 a.m., an FAA sokesman said. It was boarded by the FBI and other law enforcement agents. The spokes man said there were no injuries and that all apeared normal in the cockpit. Asked whether Aerolineas Ar- genlinas Flight 340 had heen hijacked, he said, "We don't believe so at this lime." Earlier, authorities said the pilot of the plane, carrying 80 persons, had told his company by radio that the four-engine jet was commandeered some time after it left Rio de Janeiro on flight that began in Buenos Aires. SPECIAL! COAT SALE SALE 25.00. to 100.00 Especially for early shoppers, a special on winter and all weather coats. Choose from assorted styles and sizes at terrific savings! Boston Store USE YOUR BOSTON STORE CHARGE EXPERT WATCH REPAIR _ · M ' ' j - . / ,, SWIFTS $9,000 Pledged For Workshop A total of $9,000 has been pledged in the campaign to build a new sheltered workshop in Northwest Arkansas. The pledges and contributions include 51,000 from individuals and businesses in Prairie Grove. The tally, as of noon Tuesday, is $14,000 short of the goal of $ 2 3 , 0 0 0 , set by Abilities Unlimited of Northwest Arkansas to erect the new facility on Happy Hollow Road in Fay- ctteville. The collections were reported Monday at the first report session. The drive began July 15- Wesley Gordon, campaign chairman hopes to complete the drive in a week. Campaign workers will report this morning and again Friday to up-date the drive. The Friday session is scheduled from 9 to II a.m. at the Downtown Motor Lodge. The {23,000 is the com rnunily's share for a grant of $73,050 in state and federal money. The grant has already been approved and the money is on deposit here. Man Arrested Michael Angelo Kiriakidis, 22, of 1707 N. Sang Ave- was arres led by Fayetteville police this morning and charged with possession of a controlled sub stance (marijuana), in connec tion with the discovery Monday of eight marijuana plants in his front yard. City Jail in lieu of $509.23 bond SEMI-ANNUAL V2 PRICE SALE! Ladies' Spring and Summer DRESS SHOES Entire stock of Spring and Summer Dress Shoes. Further reductions on these great buys. Entire stock not included. LADIES' SHOES Boston Store SHOP NORTHWEST ARKANSAS PLAZA L A S T 3 D A Y S KIKOLflTOR HM Fest ana Easy Way ta DRY and STYLE Your Hair Brightly Finished 8 cup, Anodized Aluminum Body Heat Guard Handle Design Adjustable Brew Control Automatic "KEEP WARM" Feature "Mini-Brew" Light Weigtri Easy Hold Design. CflniJTCR ICT JflLftD 5CT Consiiti of 4 PC. Round Metal Canister Set Matching Salt Pepper Set 7-PC, CofiHits of 4 6" tndiv. Salad Bawls 1 10" Bawl Plus Salad Fruit Design* An Bodies with Solid Red color Lidi. TEA KCTTLi 2 OK "WHISTLING" Tta K«Hlt. Multi-color Fruit Design. Matches our Cookweor Set, CUTTinC BOARD Handy wood cutting board m assorted 1 shapes. W-ST? (A) LEAF SHAPE SNACK TRAY »nt* 88c (B) 19" LACQUERED SERVING TRAY »«w.. .96c (C) TRIVET WITH TILE INSERT so«*-7 88c (D) 4-PC. LACQUERED SNACK SET SO-BK-S. . .1.3* WKO 6IOO Nylon Winds with Silver Base, locking Reel Star, Graduated Spin Guide.s; Natural Cork Handle. 6 Fl, Rod. «t-ios 6" 5'6" rod, power butt, corbide lip. «-nw 6-ft, rod, carbide lip, power butt, u-vat 7-ft. spinning rod, deluxe seat, carbide tip. «I-IM-? S'/z-ff. spin rod, power butt, carbide lip. ST-ISH S'/i-ft. fly rod, deluxe reel seot and guides. 6i-m-7 ST.CROIX SPIN CAST ROD 5'/i FT.«i-m-J. .3.99 RODS MADE ESPECIALLY FOR OTASCO BYZEBCO- YOUR ZESCO XR11 SPINNING REEL «-xi. .2.44 flft POLC ICT 3-Secfion, 12-ff. Pole with Hook, Float, Sinker. Monofilament line, Plaific Winder, a-itt-s \Oklahonut Southwest Corner of Square Fayefteville, Ark.--Phone 442-7361 THEM PUKES GOOD AT All OTASCO STORK

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