Northwest Arkansas Times from Fayetteville, Arkansas on September 16, 1974 · Page 3
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 3

Fayetteville, Arkansas
Issue Date:
Monday, September 16, 1974
Page 3
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Page 3 article text (OCR)

Last Indochina Prisoner To Be Released This Week VIENTIANE, Laos AP -The last known American prisoner of the Indochina war, Hawaiian charter p i l o t Emmet James Kay, is expected to be released this week from the limestone cave that has been his home for 15 months. In letters he was allowed to Write to his wife, Kay said the pro-Communist Fathet Lao housed him in the cave in northeastern Laos but that he was well-treated. He wrote that he frequently played volleyball and card games with his guards. Kay described the cave as small and old. Limestone caves abound in that area and almost everyone moved into them to escape heavy U.S. bombing during the war, according to diplomats who have visited there. · Three months after a June 4 deadline for the exchange of all prisoners of war, the royal government in Vientiane and the Pathet Lao finally agreed to carry out this key provision of the 1973 peace accords. Kay has been held since his small plane made a forced landing in the Pathet Lao zone May 7, 1973. EXCHANGE LONG-DELAYED Diplomats from nations with close ties to the Pathet Lao say the Laotian leftists dave given assurances t h a t Kay will be among those freed when the two parties to the cease-fire, partners now in a new coalition government in Vientiane, begin their long-delayed prisoner change. A professional pilot whose twin passions are flying and stock car racing, Kay may soon he reunited with his Hawaiian- born wife, Florence, and their teen-age children, Kimo, 19, and Puanani, 15. The Kays had lived in Vientiane for the best part of two years when Emmet's plane went down. Mrs. Kay and the children stayed on, waiting for him, until last July. Then, convinced that there was little chance that her hus band would soon be released Mrs..Kay flew home to Hawaii. She had hardly arrived wher news- came that her husbam might soon be freed. Although she worried ahou the way her husband wouU stand up to his imprisonment Mrs. Kay was luckier than, the wives and mothers of about 30 other American airmen whi Structure Of Stock Market Changing AMERICAN CIVILIAN PILOT ,. .captured May 7, 1973 in Pathet Lao-controlled territory re listed as missing in action n Laos. Almost since the day he was captured, Emmet Kay was il lowed to exchange monthly etters with his family and Mrs. [ay was able to send him looks, warm clothes and cans if Hawaiian poi. The families of other missing Americans have heard nothing of their loved ones and most U.S. military men here believe base men, mostly Air Force and Navy pilots, perished in the nhospitable terrain after their planes went down. The release of Kay will, in a sense, mark the end of more than a decade of active American involvement in this small Utah-size kingdom. During the height, of the fighting here, the United States sent up to $375 million a year to the Phouma to help them prosecute a war in the mountains agains combined Pathet Lao anc forces of Premier Souvanna North Vietnamese army. American planes droppet more than two million tons o bombs on Laos, and civilian pi lots like Kay flew hundreds o support missions every .week ferrying rice, salt and some mes guns to refugees and a landestine army supported by he CIA. Congress now has put a $100 million ceiling on U.S. aid to jao army, while the' rest is pent in humanitarian aid -- nd U.S. officials hope the frag- ,e five-month-old coalition can vork. - -'. Washington has made it clear he United States will continue aiding Laos to promote stability n Souheast Asia. Though two earlier coalitions -- one in 1957 and the other in 962 -- came unstuck within nonths, diplomats here say hey are confident this time vill be a case of third time eing lucky. By DOHN CUNNIFF NEW YORK (AP) -- The stock market declined so fast this past month that those who write the market advisory letters for the brokerage firms are shying away from the numbers. Too many of them, it seems, have had the disheartening experience of forecasting a support level in, say, the 700-point area of the Dow Jones industrial average, only to have that level 'punctured before .their customers received the mail. In a Jittle over one month the nduslrial average has fallen nearly 170 points to a 627.19 reading, the lowest in 12 years. "All of us, of course, an shell-shocked after what ha: happened in the past two months," writes one analyst. Nobody dares forecast a bot toming out. So much has gone awry in the stock market tha almost everyone is certain there's more to come. And this isn't just a hunch; the econom ic statistics support the gloom. Price increases, for instance seem to be accelerating, anc that means bad news fo stocks. Inflation and high inter est rates are known to h among the market's majo enemies. Another depressant is declin ing industrial activity. As the bear market worsens, icalculablo damage Is being one to the structure of the larket place, which probably ·ill make it all the more diffi- ult to recover. Thousands of brokers have een laid off, and most of them ren't likely to return. Having djusted to incomes above $50, 00 during the glory days of the mid-1960s, few of them coulc djust to $12,000 a year -- am hen a layoff. H u n d r e d s o f brokeragi louses have gone out of bus! less. Even some of the bigges hat remain face financial diffi :ullies. Their customers have dis appeared into the bond mar cets, where interest rates ar high. Whereas it cost $515,000 own a seat on the New Yor Stock Exchange early in 1969 anyone with the qualificatior can pick one up f o r $65,00 these days. Even if activity resumed. It isn't likely seat prices will oar. The reason is the almost imperceptible development of a central market place in which the individual exchanges, such as the New York or American or Midwest or Pacific Coast, will have much less autonomy and independence. Since nobody seems to know rccisely how the central mar- cl will evolve, few brokers ant to pay premium prices for cats on any exchange since iere may be very little sdvan- age to owning a seat. Among the current comments eing circulated by stock mar- et letter writers is this: Meanwhile, we stand amidst lie carnage and peer into the uturc." One well known writer con- ludcd his spiel by advising the eader to draw his own con- lusion* Even then he felt compelied to warn: "Of course, he slock market sometimes does strange things -- or al east it has in the past." Northwest Arltantai TIMES, Man., Sept. 16, 1974 FAVETTKVILLC, ARKANSAS The TIMES Is On - Top of The New* Seven Days a WeeVI Senate Counsel Addresses GOP LITTLE ROCK (AP) -- Fred Thompson of Nashville, Tenn., minority counsel for the Senate Watergato Committee, said S«t urday he would have preferred that Richard M. Nixon's pardor come after any charges hac been filed. That, Thompson said, would have allowed more to be known about Watergate. Thompson told the Arkansas Republican Convention that h had mixed emotions abou President Ford's granting 111 pardon to Nixon. He said he was proud that 'anting the pardon Ford had ie courage to do something at carried no personal politi- al benefit. MARK HELLER'S MASSAGE (ENTER TRY OUR MASSAGE FOR HEALTH AND RELAXATION OPEN TUBS. - SAT. 3)9 N. College Call 443*4929 'Green Hornet' Dies WATERBURY, Conn. (AP) -- John Warren Hull, 71, television personality and screen actor who played the Green Hornet in the movies, died Saturday at Waterbury Hospital. During television's early days he was master of ceremonies of the once-popular "Strike It Rich" television show. "the nicest shop in town" Tuesday . . . This Fall's Most Beautiful Collection Dresses Costumes Longs Pant Suits . available by special order. In these days of shortages dorit let money become one of them Nowadays, there seems to be a new shortage of something almost every day. If you're not prepared, one of these days, you might come up with a money shortage at a time when you need to buy a new car or start your children in college. Fayetteville Savings Loan offers a variety of savings plans, from our 514% Regular Passbook .Accounts to our Certificates of /Deposit paying uptp : 7 1 /£5o interest. So, before you find your own money crisis, stop by Fayetteville Savings Loan and find out about » our shortage-stopping savings plan. FAYETTEVILLE SAVINGS AND LOAN ASSOCIATION 201 NORTH EAST AVENUE FAYETTEVILLE Coordinates For Fall provided by Four Corner in a mauve colored striped vest with matching cardigan and solid pants. Cardigan sizes S-M-L $14.98 Vest sizes S-M-L $11.98 Pants sizes 6-13 $21.98 JUNIOR DEPARTMENT Second Floor They're Here! Large size Coordinates for the discriminating woman, by Mr. Alex. Put together your own look with shirt jacs and slacks in checks and solids, along with vests, shells, and loveiy print shirts.

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