Northwest Arkansas Times from Fayetteville, Arkansas on August 5, 1974 · Page 6
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 6

Fayetteville, Arkansas
Issue Date:
Monday, August 5, 1974
Page 6
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Page 6 article text (OCR)

6 · Northwest Arkansai TIMES, Men., Aug. 5, 1974 FAVETTEVILLE, AMKAHSA* Star Lathrop Four-year-old Star Lathrnp displays tile feeding and drainage sysiem she wears after the youngster drank a portion of liquid drain-cleaner she found in the yard. The parents, Faycltc a n d G a r y Lathrop, are faced with huge liospital bills plus a court appearance this week to explain to a complaining neighbor why their home aud yard is not shipshape. The drain cleaner ale a hole in her esophagus. (AP Wirepholo) Corporations Fear Autonomy Insecure By JOHN CUNNIFF NEW YORK (AP) -- - Debt rather than equity has become the dominant method of financing the country today, and the consequences are showing themselves throughout society. Stock prices, for example, are at their lowest in years, partly 'because the higher interest rates offered tor borrowed money is. loo aUraclivc for · investors to turn down. They sell their stocks anl buy bonds. Increasingly, capital-short corporations are forced to turn to banks, and their irritation is showing. When a company raises money in the slock market it comes relatively free of strings. Stockholders in general are docile. Banks are not; they dictate terms. Many corporations now are seriously concerned that their luture is endangered by their Inability to attract people to the onwership concept -- to buying the company's stock rathei than lending it m o n e y bonds. EMS Ambulance Used To Catch Theft Suspecls ; Two .Springdale youths v/cfc Chased by an ambulance and held for Fayetteville police late Sunday night following the theft of a stereo tape p]ayer from a car parked at Washington Kegional Medical Center. One of the youths, Kenneth fi. Milligan Jr., 18, of 409 Fink JSl. of Springdale, is being held in the city jail for investigation of burglary. The other youth, a 15 year-old Springdale boy, was released to his parents. Fayetteville Patrolmen Joe Hutchens and Blake Tune said f h e department received report of two men prowling among parked cars at the hospital at 11:11 p.m. Sunday. The report said fhe Iwo had left the parking lot in a late model car. PASSED AMBULANCE While enroule to the hospital, the patrolmen passed an ambulance going north on College Avenue and were informed by h e a d q u a r t e r s that t h e Emergency Medical Service (E.MS) vehicle was in pursuit of the car seen leaving the hospital parking lot. The patrolmen turned arounc and found the ambulance hat stopped the suspect's car at a motel on North College Avenue A tape player, later identifier as fhe one stolen, was fount under the front seat of the car. Police said the tape playe had been t a k e n from a car owned by Mrs. Bettye Poole ol Route 3, Huntsville. Not only do they find il diffi- ult to . attract customers, but vilh stock sales forces a frac- ion of what they were a dec- de ago, corporate leaders find L difficult to turn around t h e ituation. · DECAY FEEDS ON SELF The decay of the equity mar- jfjts seems to feed on itsef. If jebple distrust stocks t o d a y , hen they must be resold. But vlth business so poor, most b'g Brokers have little interest in landling any but the active accounts. The head of Morgan Stanley Co., Inc., forecast last week hat "between 100 and 200 firms 'ill nrterge or. go out of business if: r " short-term interest '·ates don't decline substantially, if the stock market doesn't im prove markedly in price and volume, and if negotiated com missions become effective May 1, 1975." The scramble to borrow men ey is glaringly apparent · will small savinps accounts. Ordinarily any interest in T r e a s u r y financing comes mainly from the big individual and institutional investors. But this weeks's refinancing is partially denominated in units of $1,000 and "at an unheard of 9 per cent. This means savings and loan associations and savings banks, which cannot pay more than 7.9 er cent a year compounded, imply cannot compete. And hat means they cannot prov.'de ome mortgages. The impact of all this is felt n an even more personal way. illions of dollars are held in rivate pension plans to f u n d 'ie retirement of millions of 'orkers. These plans rely on a ealthy stock market to remain iable. Now that the slock market as fallen into such disarray, ome pension plans must revaluate their estimates of rowth. The FJow Jones Indus- rial Average is back where it as 10 years ago, and many of liese plans hold the very stocks hat make up the Dow Jones vera'ge. In the opinion of those close o the scene, the complex prob- cm of debt versus equity markets won't be resolved until in- lalionary pressures recede. COMPLETE LINE of BUILDING MATERIALS QUALITY MATERIALS at DISCOUNT PR ICES BANKAMERICARD · MASTER CHAfiOE WELCOME PELIVERY SERVICE ALSO NEW HOMES AVAILABLE IN SEVERAL LOCATIONS 7KELUEY BROTHERS LUMBER iCO. 2401 NORTH GREGG ON Weit Towmhip iV North Gregg Phone 442-2351 Then, they say, interest rates vill begin to f a l l , and stocks vill regain some appeal. POWERFUL PLUNGES CLEARS CLOGGED TOILETS NEVER AGAIN that sick feeling when your loilet overflowt TOILAFLEX Toilet {uUHtt*} Plunger Unlike ordinary, plungers, Toilaflcx doe* rot permit compressed air or mesa/ water to splash back or escape. V/ith Toilaflex the full presture plow* through the c l o g g i n g man and twiihes it down, · SUCTION RIM STOPS £PUSH-BACK · CENTERS ITSELF, CANT SKID AROUND · TAPERED TAIL GIVES AIR-TIGHT FIT Ott th* GtfiultW Toiltffcx 1 *2 9a AT HARDWARE STORES osco Oscc's Low Posted Prescription Prices Can Help You Save Northwest Arkansas Plaza Open Daily 10 A.M.-9 P.M. Prices Effective Thru Sat., Aug. 10,1974 START TODAY.. .LOSE THAT UGLY FAT Pack Of 63 A 21 Day Supply Weight Watcfiers Weight Watchers Sugar-Free Soft Drinks Reducing Candy Apple Snack Choose From Vanilla, Choc olate Fudge, or Mint, Or Butterscotch. T/J Lb. Box Osco Reg. $3-29 st/ And Nutritious Treat For Figur* Watchers Capsules Pack of 42 isinvme, I tkc aWui lid to ipptiiie anui" '· Appedrine Diet Tablets Pack of 42 $2*8 Sweetener 6-Oz. Osco Reg. $1 Sweet 'N Low Pock Of 100 Sugar Substitute Osco Reg. $1.09 Slim-Line Candy Packet 56 Choice o( Cfltrry, Fruit, Chocolat* or Vanilla Upton Tea tea r " Mycitracin Instant 3-Oz. Jar Osco Reg. $1.29 Ounce Antibiotic Ointment Curity Cotton Balls cotton Brewer's Yeast Tablets Daffy Down Diapers Compound W «REWEB'S YEASI TABLETS .31FI.Oz. Osco Reg. $1.69 Jaytime 30 s Osco Reg. $1.63

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