Northwest Arkansas Times from Fayetteville, Arkansas on August 23, 1974 · Page 6
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 6

Fayetteville, Arkansas
Issue Date:
Friday, August 23, 1974
Page 6
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Page 6 article text (OCR)

* · Northwest Arkansas TIMES, Friday, Aug. 23, 1974 FAYETTKVILLE, ARKANSAS Weather Forecast Showers are forecast Friday Irom Texas to southern Kansas, for the western Gulf and southern Florida. Showers are also expected for the N e w York and New England Coaslal regions. Cooler weather is expected for the Great Lakes and warmer weathe for (he rest o[ the nation. (AP Wlrephofo Map) Stale To Lend Mena Additional $135,000 LITTLE ROCK (AP) - The state Soil and Water Resources Commission agreed Thursday to loan the city of Mena an additional $135,000 to build a water supply lake. The commission already had loaned Mena $200,000 from its $750,000 Water Development Fund appropriation for the last fiscal year. Wayne Dingier, a Mena city councilman, told the commission Thursday that the city had opened bids twice on the proposed lake. Each time the bids far exceeded the 1973 cost estimate of $1.4 million. He s a i d that the lake now can't be built lor less than $2.1 million. TERMITES? CALL ADMIRAL PEST CONTROL Roaches, Ants, Spiders, etc COMMERCIAL . RESIDENTIAL. 442-7298 Security Analysts Get Inside Look At GM Profitability By JOHN CUNN1FF NEW YORK (AP) -- Presl- nt Ford won. And so did Genal Motors. Ford asked GM to consider its $500 increase on 75 models. GM did so; ···"roll- g back" its price increase to only" $446. Both scored public relations ctories in the battle against flation. Ford symbolically emonstrated his power to chin cooperation. GM gave to- en evidence of ils willingness sacrifice, to do its part, for le good of the nation. But did the American people in? It is difficult, to say the; id when the net result is a dil erence of 1 per cent -- that is n . increase ot 9 per cent in ead of 10 per cent. And neither the public nor he President can be certain hat this is a rollback at all. I might be just a delay. GH made clear it was retaining it ption to raise prices later. Since GM maintains that : lost-price squeeze has existei ince August 1971, 'it seem ikely that if inflation continue t will also raise prices i tages on'1975 models. The company's attitude, a ixpressed by its top executive at a security analysts confer inec here on June 24, is tha 'price adjustments" continu o lag behind cost increases. O. A. Lundin, executive vie president, noted at that confer ence that consumer prices ar about 45 per cent above thos )f 1967, but that new car price had risen only 14.1 per cent. This tells only a partial story however. Lundin gave tt analysts an interesting insigl nto GM marketing. "We ar increasing our profitability b selling more car per car," h said. He related that since 1967 th Syrian Armed Forces Placed On Alert retaliation of air-condilionui£ i all GM cars has cxpandec om slightly more than 4ft per ent to 80 per cent. Vinyl roofs ow appear on 50 per cent of M: ears.' Stereo radios' and lectric defoggers, ·· introduced 1969, now appear on 26 per ent and 14 per cent of GM ars, respectively. Other aspects of the GM story, as told to the security nalysts who assess GM's estment potential, take on a lightly different tone than that ised in justifying big price in- ireases. "Over the period shown," Lundin said, referring to a ihart of sales since I960, las had increasing dollar sales, with the one major exception eing the strike year 1970. Sales have grown from $12.7 lillion in 1960 to almost $36 bil- ion last year. "In terms of profit margin, GM has been able to maintain relatively high level of profitability.' In recent years, this ra- io has hovered around . 7 per cent, down from the high o: 1-.3 per cent in 1965 and slightly below the level of the early '60s....". "At the end of 1973, outstanding only ?727 million 'in debt ... GM's profitability, measured in terms ot return on stockholders' equity, has been favorable." Not a bad picture. It isn't likely that GM will sacrifice that picture at a discount sale even to the President. Syria has placed its armed forces on the alert to counter Israeli military moves, the pro- Palestinian newspaper harrer said today. Officials in Damascus had no With some matching colleg^i nds, the federal grant will rovide a full-time instructor r the new program. " AUTOMATIC AUCTION CONTINUES LINCOLN LUMBER CO On The Square in Lincoln, Ark. Mon.-Fri. 7:30-5, Sat, 'Til 12 vas trying to hide its "real in- cut Ions /of launching new Law Enforcement 6 3 /4% 7Vz% We bare and Interest ritt your needs. Foyetteville Savings Loan Association XMN.Eut AT«B»« The newspaper, which gave no source for ils report, said Syrian move Garland County Communiy Col lege will start a two-year aca cent' officials Israeli statements demic degree^progra enforcement this fall. that reservists would be callec "miitary exercises." The program is being imple mented through a $!0,000 feder Ayoubi told a Palestinian work Thursday that Israel had start Football In fhe TIMES' Annual FOOTBALL PREVIEW section coming Tuesday, Sept. 3 Northwest Arkansas' most complete word-qnd-picture coverage of 1974's football prospects, with special emphasis on area teams, the Razorbacks and their opponents in the Southwest Conference. Look for It September 3rd in the State Man Killed NEWPORT, Ark. (AP) -Jimmie Johnson, 43, of Little Rock, was killed Thursday night when his car crossed the center line of U.S. 67 near here and struck the rear of a tractor trailer rig, State Police said. VOTE FOR ACT 9 BONDS AUGUST TO ALLOW BALDWIN PIANO ORGAN COMPANY TO EXPAND ITS FAYETTEVILLE FACILITY Baldwin Is A Clean, Non-Polluting Industry That Has Been Providing Jobs To Area Citizens Since 1958, With Current Employment of 600. Baldwin Will Assume All Liabilities Of The Issue And fay All Election Costs. Baldwin Will Pay Its Full Share Of County, City and dcnool Taxes. A VOTE OF THE CITIZENS OF FAYETTEVILLE TO AUTHORIZE ACT 9 IS REQUIRED BY LAW YOUR SUPPORT Will Not Increase Your Taxes Will Not Create Any Liability On You Or The City FOR MORE JOBS WITH NO TAX LEVY, VOTE FOR THE BALDWIN BONDS Ad paid for by R. Dale Chritly

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