Northwest Arkansas Times from Fayetteville, Arkansas on October 23, 1974 · Page 31
Get access to this page with a Free Trial
Click to view larger version

Northwest Arkansas Times from Fayetteville, Arkansas · Page 31

Fayetteville, Arkansas
Issue Date:
Wednesday, October 23, 1974
Page 31
Start Free Trial

Page 31 article text (OCR)

DiK^ Interview point Area residents offered their views this week on President Ford's recent proposal to curb' inflation by raising corporate arid middle class income taxes and increasing U.S. production. E.S. CLARK of Johnson St.-"I've lived on this earth for 92 yftars and, y o u - k n o w , I'm Just a little fish. I am a middle class American and have always carried a good amount of the burden. I live in a nice section of town, in a pretty good house, and pay about $100 a year in slate taxes on the house. I don't know too much about this matter. I just know that if we cmild get inflation down, it would help the little fish to swim a lot more easily." GORDON OKIJLEY of 1841 N. L e v e r e t t Ave.--"Thi measures will work if Ford re ceives the cooperation of con gress. Yet, Congress recently voted an increase of salary to themselves and this promote inflation. Economists say tha we c^n curb inflation by havin^ mass unemployment. I believ we have to go back to wag and. price controls. Increasin. production will only increas wages because more workin. hours will be required. This wi! decrease the margin of profi for big business and th problem will then return." JOHN HINKLE of Route 5,-"I think increased production will bring prices down, even though wages will continue to climb. I'm middle class but the tax increase won't affect me. I'm retired and on social security. I went through the big depression but this situation seems different. I couldn't survive another depression now and I don't believe the young kids could either." RENITA KILGORE of Rou Farminglon--"I'm for taxin big business more. They hav 1 lot of loopholes and it isn lair that the middle class sorbs so much of the tax l Look at the recent oil shortag The oil industry had the oil supply but they were holdin it back to gain the advantag of higher prices. Many time nig business is to blame inflation." Northwest Arkansas TIMES, Wed., Oct. 23, 1974 FAYETTEVILtE, ARKANSAS 33 Butter And 0/eo Price Differential Narrows By JOSH F1TZIIUGH NEW YORK (AP) -- In parts the nation, margarine is no n g e r "the lower-priced read." , Rising prices for corn and ybean oil, margarine's major mponents, have reduced the rice difference between mar- arine and butter. Many of the ncier margarines now exceed utter in price in some areas. Bob Anderson, executive di- ector of .the American Butter istitute' in Chicago, says that s a result butler'sales nalion- ide are "very, very good," with many dairies working extra shifts to meet the demand. "Butler soles have been encouraged because of the close relationship in prices," Anderson says. "Still there are some awfully cheap margarines.'" Industry officials say that historically butter was nearly three times the price of the average margarine. But in the last year, crop shortages and commodity speculation have pushed up market prices for corn and soybean oil. "I can remember when soy oil sold for 10 to 12 cents a pound," says one margarine marker. "Today it's at 47 cents a pound." An index compiled by Hie U.S. Agriculture Department shows that margarine prices have more than doubled in the past seven years, while butter prices have remained about the same. Even so, the USDA's Fats and Oil Situation newsletter shows the average price in certain cities for butter at 99.5 cents a pound, and 57.5 cents a pound for margarine. USDA officials explain thai :he lower-cost soybean marga- rines bring t h e average price down. Margarines matte from corn oil are more costly. It's primarily the soft, corn- oil margarines which are exceeding butter in cost in some regions. "A lot of people are wondering what's going fo happen to vegetable oil prices," says Stan Gazelle of Ihe USDA economic research service. "\Ve Ihink they're going to remain strong for Ihe next 12 to 18 months." A spokesman for Standard Brands, Inc., makers of Fleischmann's margarine, says there's now some feeling that the oil markets have reached their uppper limits and may be headed down. He notes, though, that margarine sales nationwide are down from previous years, and expectations are for a flat year, below tlic 2 to 3 per cent sales growth normally enjoyed. Anderson contends the closing of the price spread may be one reason some margarine makers are now advertising tha healthful characteristics ·;; of their product. Margarine makers say corn oil margarine has less cholesterol than butter. ; "I always suspected that (lower cost) was the rationale for buying margarine when "the price was different," says ^Anderson. But now the prices are similar, he thinks people want butter. .'* "No matter what they . say, butter's got better flavor.'.'.^hs says. · · · '.'!· MIKE MILLS -of Scholars Inn--"I would go with higher taxes on big business but increasing production will not aid the problem. The trouble is t h a t there is too much of the same quality of merchandise on the shelves. There is no competition between manufacturers that would help to lower prices. I d o n ' t think t h e young Americans today would allow a depression. This being a political year, the young people will not stand behind the big business politicians because of a loss of faith in this system." ,IAN JONES of Ken Claire Apts.--"I think that industry promotes inflation by claiming shortages when there are no shortages. Like the oil shortage where prices were driven up under false pretenses. I've worked the retail trade for over a year and even candy has gone up 21 per cent in the past year. People can't even afford the basic essentials now. I don't think we're headed for a depression but I don't know where it will all end." Crabs And Lice Said A Problem LITTLE ROCK (AP) -- A state Health Department official said Tuesday thai Arkansas had been experiencing problems in head lice and crab lice control. The grayish-white insects, which are less than a third of an inch long, are wingless, oval-shaped and hairy. Robert Robinette, director of vector control for the Health Department, identified the three species of lice that affect humans as the body louse, head louse and crab louse. All three cause lice infestation. Robinette said the : Speaks At Law Forum · Dr. Grant M. Davis, Oren Harris Professor of Transporta- 1 lion in the University of Arkan: sas College of Business Ad; ministration, spoke Monday at the Transporation Law Forum '· in Washington, D.C., sponsored | by the Interstate Commerce Commission. i "The Use of Economic Analysis ; in Mergers, Abandonments and · Ratemaking." His lecture dealt j primarily, he said, with tililiz- ; ing standard recognized pro- I cedures of economic analysis ' for improving public policy de- · cisons in the area of transorta- ' tfon law. body louse also is Involved in epidemics of louse-born typhus, Irench fever and relapsing fe ver. Robinelte said anyone who suspects that he has lice should seek medical assistance from his doctor, his county health unit or the Health Department. UA History Faculty Papers Presented Three members of the faculty of the University of Arkansas Department of History have presented papers recently at professional historical meetings. Dr. W. David Baird, associate professor, read a paper on "The Quest for the Redfaced White Man" at the Conference on Viewpoints of Indian History, which was sponsored by Colorado State Universtiy. Dr. Stephen F. Strausberg, assistant professor, presented a paper on "Drouths in Arkansai During the Great Depression' at the Northern Great Plains Historical Conference held in Mankalc, Minn., this past week end. Dr. Randall B. Woods, assis tant professor, delivered e paper entitled "Organizations Output in the Decision-mkinf Process: Rio Conference o 1942," also at the Conference in Mankato. W A L - M A R T M A R T I master charge] BANKAMERlCARq WAL-MART DISCOUNT C WE SELL FOR LESS Sourhgote Shopping Center '·"· WED. thru SATURDAY WAL-MART niscount City y. S A T I S F A C T I O N \ G U A R A N T E ED./ WPUmftfil S ODVIiniSID mi RCHRHtHSf POLICY h OWJ Inlf *iiio« lo ho»* *t*-ry odi*iili*tf M«« In itoch tt. Ff due to Qflj B«*wei*en iraio*. an advrrtlitrf K*n is l*c^je*t, for iKe ne-rchandlje to be porthaird al rh« rol* Jc* ivh*n«Ter oratlabW-, Of wlH 1*41 ye*i e *4*!lal fl*« TKRHK YOU IO« SHOf*PtMC VtfH ITKWP Co* YojR«al'-j RHoid loSHep Rr^-h*r» Eli*' Jfa He ween Buys Halloween Party Napkins 'SEE OUR SELECTION OF 'HALLOWEEN CANDIES! FUNNY HATS Brack's HARVEST TREATS 90-Count Bag Brach's Bag ··! f^ JR. PEANUTS / O Brach's Peanut BUTTER ROLLS 15-oz. Brach's PARTY PACKS 50 Pack Halloween DUM mm 78 1A ~, D · ^^ 16-oz. Bag Reg. 1.78 Large Halloween PUMPKINS Each 125 Pieces HALLOWEEN Bubble Gum Halloween PAPER 2-Roll Pk. Discount Coupon Discount Coupon Holloween Trick or Treat Discount Coupon Wax TRICK or TREAT BAGS *· With This each Cou P°" Expires 30-28-71 HALLOWEEN FLASHLIGHT With , ' This. each Coupon Expires 10-26-74 CHEWING GUM MUSTACHIOS each Expires 10-26-7! With This Coupon T -MART DISCOUNT CITY WAL-MART DISCOUNT CITY WAL-

Get full access with a Free Trial

Start Free Trial

What members have found on this page