Northwest Arkansas Times from Fayetteville, Arkansas on September 1, 1974 · Page 12
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 12

Fayetteville, Arkansas
Issue Date:
Sunday, September 1, 1974
Page 12
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Page 12 article text (OCR)

· NoHhwe'sl Arkansas TIMES, Sun., Sept. T, 1974 FAYCTTCVILLI, ARKANSAS EM Facts On Futures By WYL1E PAKKER and LAVERN HOLIFIELD A. G. Edwards uiui Sous, luc. One of the axioms (hat one learns lor nimscU after being in the commodity markets is that things almost never happen the same way two years in a row. The reason this is pertinent- is that while many conditions in agriculture this year fully weak market so that they can cover their needs advan- tage-ously. Past experience indicates that it could have the result seen when too many people run for the door at the same time. With farmers expected to be tight holders, prices could be strong at the very season of the yeai Sochi Trying To Act Like The French Riviera socm, u.s.s.n, (API Sochi is trying to act like tlic French Riviera, with such watering havens as Vicliy and Baden-Baden thrown It lins come a certain distance, but Coney Island style crowds arc choking up this workers' paradise. , A visitor from Moscow lias to do a double-lake lo realize he's still in the Soviet Union. The and well- spreading acacia, palm magnolia trees tended streets are similar to those ot a year ago, the way the markets are unfolding is entirely different. This suggests thai ttie d i f - ferences are more important Ulan the similarities. · · The failure of the grain markets to follow through the "shocking" August, crop estimates is the (mine example to be cited. This failure can be explained by a number of reasons which can only be guesses ·at this time. It is obvious that the markets could not advance because of a lack of buyers. While this might seem to be an attempt at humor, it must be remembered that futures markets only move because someone is buying and selling futures contracts. With commission houses not aggressively in the markets, with exporters not pricing their business in the futures, and with domestic users finding ample supplies at f a r m and cleva tor levels to meet their needs, the great rush simply did not develop. UNDERLYING tills l a c k oJ buying are more subtle forces. Export controls apparently are out of the question, at least for the near term. The foreign world has assumed this all long. The domestic world just recently had its fears calmed. High interest rates are working against any unnecessary accumulation of inventory. Tight money and concern over the banking and Eurodollar markets overseas also breed caution. The worldwide problems in meat and poultry production al- EO hinder aggressive purchasing of feed ingredients. It was generally believed that the rains in early August would significantly improve corn and soybean conditions. It was widely assumed that the August estimates might be the lowest for the year in both crops. It now appears that this assumption is invalid. The corn crop probably is still near the Aug. 1 estimate. A STATEMENT from USDA last week essentially stated this. The soybean crop will probably fall short of the Aug. 1 estimate and possibly by a significant amount. The photo-synthesis theory of soybean growth indicates that the plants mature in keeping with the length of 'days. Consequently, while a crop may be planted early or late, a good deal of this earliness or lateness is diminished by the response to the length of days. This could mean that a ma'jor part of the crop will mature with less than adequate yields. While rains may improve the physical appearance of the plants, yields a r e another matter. IN OUR opinion, the markets are really not reflecting on these possibilities for the corn and soybean crop. It will only be when the combines are in the field that the true extent of the damage will be confirmed In the meantime the users of the two crops will wait for harvest and anticipate a hope- w(ien they are expected to be'hide much of along and ,the nnd the sidewalks Communist the table presence of Lenin. The air is tropically soft and the Black Sea is inviting -after a painful struggle across stone-strewn beaches, You might like lo have a meal of fresh fish, instead of leathery beef, but fish is mysteriously hard to come by in Sochi. Striking stone buildings, some with tract high Corinthian columns, dis- the viewer's rises, which eyes from look better here in (he meridional sun. An that Kissinger Talks End WASHINGTON (AP) -- Saudi Arabian Foreign Minister Omar Sakkaf and Secretary of State Henry A. Kissinger have ended U o days of talks on the future of Middle East peace negotiations in a spirit of optimism. "In all our discussions everything went smoothly, and I think we are in agreement in all the problems we touched on," Sakkaf told reporters after a 45-minute wrap-up session Friday. Kissinger said, "From the U.S. point of view we considered the meetings very constructive." He added that "even further progress" was made in improving U.S.-Saudi Arabian relations, but he declined to be specific. ForH Prices Up DEARBORN, Mich. (AP) -Six 1975 luxury car models that Ford Motor Co. is allowing dealers to sell a month early are carrying 10 to 18 per cent price increases over current models, the company says. · Ford said Friday that the move was taken so its dealers could meet competition from General Motors, which opened sales of 1975 models last week, also a month early, because of 1974 car shortages. Ford Vice President John B. Naughton said that at the request of dealers, 1975 models of the Ford Elite and Thunderbird, Mercury Marquis and Cougar XR7 and Lincoln Continental and Mark IV may be sold immediately. To Attend Reception WASHINGTON (AP) - President and Mrs. Ford wil! make their first appearance in the presidential box at the Kennedy Center for the Performing Arts on .Wednesday night, .The Fords will altend a reception for past and present members of the National Council on the Arts and slay on lo see David Merrick's new musical, "Mack and Mabel," a White House spokesman said on Friday. F»jelttvUle Drnr ,.:44MMI official guide hook notes pre-revolutionary Sochi was a "paradise in chains" and virtually neglected by Tsarist authorities who let malaria run rampant in the V.I. Lenin who area. It "devoted was special attention to the development of health resorts," including Sochi. And Stalin, who used to have a street named after him here, had his Black Sea dacha in Sochi. ON BLACK SEA The greater Sochi resort area stretches for about 90 miles along the northeastern shore of the Black Sea at about the same parallel as the French Riviera and Coney Island. The "Pearl of the Black Sea" boasts numerous hotels, 450 restaurants and cafes and some 60 sanatorium^ where Soviets come (or rest and medical care including treatment at hydrogen sulphide springs-originating from the lower levels of the Black Sea. One of the sanatoriums, which is said by its officials to offer "average" facilities, is an elegant stone structure with Greek columned facade, luxuriant gardens, chandelier hung salons, a well furnished library, spacious roms. This is reserved for metallurgical workers, who can get a 24-day euro for as little as 48 rubles ($62). Sochi has an off-season population ot 264,000, which is sometimes nearly doubled in the summer. Normally, because of Soviets make reservations well in advance, but many other holidaymakers come lo Sochi without any guarantee of sleeping space. Local residents often rent out rooms to the "wildcat 1 trade. 20-STORY HOTEL Tho biggest and newest hotel ley giving onto the sea. Spread out for several blocks along the scafront is a house with a is tho (Pearl) 20-slory Zhemchuzhina Hotel, located in a val- sprawling beach partly open roof and concrete flooring where mat- rocky bathers can lounge on tresses -- avoiding the beach. This is the plushicst of the beach areas and it caters mainly to tourists from Communist bloc countries. Other more jammed beaches are located up and down the coast. MONDAY TUESDAY 1-LB.* TASTY CANNED HAM 1-38 1 Cooked and boneless ifid Only Sept. 2-3, 194V LOOSELEAF FILLED BINDER Reg. 1.57 2 Days BOYS' KNIT TURTLENECKS ttea. 2.68 2~Days f (9%9 WOMEN'S PANTY SELECTION Peg.57t-77t 2 Days Only p or Stretch nylons, acetates, cottons. Colors. 5-10. POLYESTER TOPS, 32-38 Reg. 7.57 2 Days Colorful prints, solids. 7.36-8.57,XL-XXXL..6.88 Accetsofy Dept.1 1ATIS-GLO'""" SHOULDER BAGS Reg. 6.77 Men's and Boys' 'U.S.Made BASKETBALL SNEAKERS Spec/a/ Purchase White cotton canvas. Cushioned insoles. Earth-toned vinyl,hand- tooled leather look. POLAROID® SX-70FILM Re'g. 5.66 10 color prints. Good Only Sept. 2-3. nn Edge Protective Shave WHISTLING TEAKETTLE Reg. 92c 77 Reg. 3.17 2 67 GINGHAM-LOOK CERAMIC MUGS Reg. 43c 4 £ · QQ · I 7 Oz. Regular or Menthol Harvest Gold, Avocado Aluminum. For For hot or cold drinks. Dishwasher-safe. 8 oz. COTTON TERRY POT HOLDERS Reg. 42t 2 Days 7x7" brightly striped terrycloth pot holders. PICTURE BOOK FOR TODDLERS Re9 ** ^-i'» '··:::.r.l Assorted KEEBLER COOKIES For Picture slory books to keep little ones happy. Your Choice 2 Dgys Assorted Flavors 2/1.00 BRIDGE MIX 3-PAK BLANK CASSETTES Reg. 1.78 60-mirtute blank cas- selte tapes. 3-fape pak. VINYL SCHOOL BAGS 3 47 Reg. 5.47 and 5.77 Tough durable vinyl. , many 12"x25-Ft. Reynolds Wrap 67 Reg. 84c 2 Days 12"x25' roll aluminum foil. CHOCOLATE- COVERED CANDY *87 Bridge mix, chocolate raisins, crispy clusters. ELECTRIC ADDING MACHINE Reg. 61$ 2 Days Reg. 54.96 42' STEEL-CASE 1-PT. THERMOS® Reg. 7.57 2 Days Vacuum bottle has screw-on cap-cup. Totals 8 columns, subtracts, multiplies too. SHARPENER AND 3 PENCILS Reg. 5.86 JR 9 6 2 Days mf Battery-powered Snoopv 0 sharpener. HI-INTENSITY DESK LAMP Req. 6.88 2~Days U.L'. approved, has auto* matic circuit breaker. 4-TIER METAL SHELVING UNIT 88 AIM TOOTHPASTE MEN'S STURDY VINYL PONCHO TIMING LIGHT ORDWELL/TACH Reg. 7.83 2 Days Black metal posts v/ilh walnut-finish shelves. 2 Days 54 Reg. 7.97 2 Days F47 11 8i m m each 88 100 Count Wipe n Dipe 7-oi. Size Foul-weather protection! Fits into pocket. Regular 16.88 Your choice! For4-, 6- or 8-cylinder engines. A baby's best friend. Handy, just throw away. Clearance Screen Door $ JO 3Z".\8fl" aluminum nereen door complete with hardware. Reg. 16.77 HIGHWAY 71 B. NORTH AND ROLLING HILLS

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