Northwest Arkansas Times from Fayetteville, Arkansas on October 24, 1974 · Page 7
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October 24, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 7

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Fayetteville, Arkansas
Issue Date:
Thursday, October 24, 1974
Page:
Page 7
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Before Trip To Midwest Ford Signs Commodity Futures Exchange Bill WASHINGTON (AP) -- Pres- ,ldenl Ford Is venturing into America's breadbasket alter! signing legislation ot intense interest to fanners that expands government regulation o f . the $500 billion-a-year commodities futures exchanges. Aides said Ford planned to issue a statement today at DCS Moines, Iowa, on the bill he signed into law six hours before the Wednesday midnight deadline. The Iowa capital was the first stop in another day -of campaigning for Republican candidates in Ford's effort to avoid what he calls "a veto proof Congress." From DCS Moines he was heading for Mclvin, 111., and a fairgrounds celebration honoring retiring House GOP Whip Les Arencls. After that, he scheduled appearances at two receptions and a Republican fund-raising dinner in Chicago. Tile legislation signed by Ford Wednesday night estab lishcs an independent agency topped by a five-member com mission to oversee trading o! futures contracts. It also bring: under regulation contracts tha are exempt from various laws but still are subject to the rules of the largely self-governing ex changes. In commodity future trading farmers and other producer sell goods for delivery ot somi future date at a guarantee! price which they think will gi- lem a fair return. Processors, exporters and ther middlemen make the fu- ires purchases, agreeing to rices on such commodities as oybeans, silver, corn, cattle, heat, sugar and coffee. Spccu- ators also participate in the market. The commodities themselves eldom change hands, except n paper. But rather, they lire x c h a n g e d i n t h e inter- onnccted cash market, where jrices reflect futures trading. Thus, the futures market af- ects retail costs at two points -- first, in determining initial cost to the middlemen, and second, in working on the cash market to help set the starting price for products that even ually reach the supermarket. Today's Midwestern tour came atler the White House announced more campaign up- jearances which a spokesman said will wrap up the Presi dent's pre-election schedule. The spokesman said that next week Ford will go to his home town of Grand Rapids. Mich, on Tuesday, then fly to Los An gelcs on Oct. 31 to attend : GOP fund-raising event and spend the night. On Nov. 1, he will .speak in Fresno, Calif, and Portland, Ore., spending, the night in Portland. Ford returns to VVashingtor Nov. 2, with campaign appear ances that day in Salt I.akr City, Grand Junction, Colo, and Wichita, Kan. ELECT VERD EUGENE PARKER TREASURER Washington County Republican Candidate 24 Years in Data Processing and Business Management. Owner-Director of Fayefteville Business College (Pol. Ad Paid for By Verd Parker) Groups Dispute Attorney's Statement LITTLE ROCK A P ) -- Rep- escnlulives of low-income and enior citizens organizations isputcd Wednesday a slate- lent by a Washington, D.C., aywcr that passage of the pro loscd constitutitional Amend nent 57 would help the poor. They called the statement by Hilton Schober, the Washington awycr brought to Arkansas by lie Arkansas Credit Require mcnls Committee, deceptive. Tho representatives said ap irpval of the measure would lave "tragic consequences on ow-income persons and senior citizens." The proposed amendment ivould allow the state legisla- .ure to set ceilings on Interest, ·ales above the current 10 per cent constitutionally imposed limit in Arkansas. The representatives said they .bought they were more familiar with poverty than Sehober. They said tlie argument Ihat raising interest rales would help the low-and fixed-income persons is "absurd since mak ing high monthly payments and paying greater finance charges would take more money from Ihe pockets of Ihe poor." Lottie Shackleford, a project coordinator with the Urban League; Charles Cunningham, president of Arkansas Community Action Agencies Associ Clinton Challenges Grain Stand DAUDANliLLE. Ark. (AP) -Congressional candidate Bill Clinton of Faycttcvillc challenged his opponent, Rep. John Paul Hammerschmidl, It-Ark., Wednesday night to take a stand on the sale o[ U.S. grain Northwest Arkansas TIMES, Thurs., Oct. 24, 1974 FAYETTEVILLE, ARKANSAS ation, A r t h u r Boui'ton, an olfi- cial ot a retirement group; at torney Grit Stockley and the Itev. C. D. Edwards of St John's Baplisl Church at Little Rock made the remarks in a statement issued through the office of Public Against 57. to the Soviet Union. Clinton i s t h e Democratic nominee from the 3rd District. 'Like so many other things, he just keeps quiet and hopes that no one will call him on it, and I'm tired of it. I think he should take a stand." Clinton told the Yell County Democratic ^Central Committee. "While my opponent seems to be very willing to aliack my credibility, he has not taken a stand on the issues that arc us- permost in the minds of the voters ot this district." Clinton also criticized President Ford's statement that opponents of the administration's lecision to allow the Russian'; ,o buy 2.2 million tons or grain this year might be endangering world peace. Clinton said the sale of grain should be stopped and Congress should do something about it. McKcssoii-Ucxcl F A L L S A L E Vi Price thru Nov. 30 East Side of Square JCPenney Closeout MEN'S CASUAL SLACKS 2 End of the Month Clearance EKco Flint Cookware In Stainless Steel Harvest Sale savings on famous EKco cookware that is gleaming stainless steel inside and out for lasting beauty. An inner core ot carbon steel conducts heat quickly and evenly. Set includes: 1 quart covered double boiler with casserole inset, V/z quart covered saucepan, VA quart covered saucepot, 9V4 inch skillet. Orig. 39.95 99 DRAPERY CLEARANCE Foam-Backed, Flocked Valance Now 88 96x84 ...... . Now 8.88 120x84 Now 1088 96x72 ..... . . Now 8.88 72x84 . .,, Now 6.88 72x65 . . . . . . . Now 6.88 96x65 . .,,,.,..:... Now 8.88 48x84 ,..,. . .Now 4.88 48x63 Now 4.88 Black-White Red-White Gold-Dark Gold Green-Dark Green Luxury Drapes 3 MEN'S SUITS $ For ASSORTED STYLES AND SIZES Orig. $40-$100 SPECTACULAR SAVINGS IN EVERY DEPARTMENT BOYS Screwdriver jeans. Slim and regular. Orig. 6.50 NOW 3.88 Black denim jackets. Orig. 7.98..NOW 3.88 MENS Men's sport coats. Orig. 27.88-59.95 ..NOW 15.88-32.88 Men's short sleeve dress shifts. solid color. Orig. $6 NOW 4.88 Tie. Orig. 3.50 NOW 4/$5 ELECTRONICS URGE GROUP OF NYLON GOWNS AND PAJAMAS. Orig. $6-$9 ..NOW 3.88-5.88 FABRICS "Open Hearth" Flavor Broiler/Rotisserie Save on this "Open Hearth" broiler/rotissene crafted of gleaming stainless steel with self cleaning heating element. Extra heavy duty motor turns meat slowly for even self basting. Extra large 10x15" broiling surface. Aluminum drip tray is designed to absorb heat from fat. Treat yourself to this smokeless and spatter- free cooking at Harvest Sale Savings! Housewarcs--DILLARD'S--Second Floor Orig. 59.99 49 95 Now.. .Three Convenient Ways To Charge These two popular credit urdiplut yotv Di Hard's credit c«d .. .Al All DILLARD'S and W HARP'S Pfeiler-Bkm Stem m Arkma* Open Monday Through Saturday 10 a.m. until 9 p.m. Polyester double-knit, fall colors, 60" wide. Orig. 3.99 NOW 2.99 Assorted 45" wide fabrics, polyester/cotton. Orig. 1.69-2.39 NOW 99c-1.44 TENNIS ACCESSORIES Tennis warm-up, med. and large only. Orig. 19.99 NOW 14.88 Tennis press w/coveer. Orig. 2.19 NOW 1.88 Tennis carryall. Orig. 9.99 NOW 7.44 Tennis carryall. Orig, 6.99 NOW 3.88 Tennis glove, mens' and ladies. Orig. 3.99 NOW 1.88 Vinyl tennis cover. Orig. 1.09 NOW 66c CAMPING Portable hot water maker. Orig. 16.88 NOW 14.88 Razorback 3-lb. sleeping bag, Orig. 19.99 NOW 14.88 | BOWLING | Brunswick Bowling ball, med. size. Orig. 16.99 NOW 14.88 Ebonite bowling ball, Orig. 21.99 NOW 19.88 Vinyl bowling bag. Orig, 7.99..NOW 6.88 Dark green/light green, red/gray, Billie Welu's wrist support. Orig. 3.99 NOW 3.44 AM novelty clock radio. Orig. 19.95 NOW 13.88 AMFM weather radio. Orig. 31.95. NOW 19.88 AM/FM portable radio. Orig. 14.95 NOW 10.88 5 band portable radio. Orig. 39.95 NOW 29.88 AM/FM digital clock radio. Orig. 46.95 NOW 34.88 Portable phonograph. Orig. 30.95. NOW 19.88 Cassette player-recorder, prig. 39.95 NOW 29.88 8 track player w/2 speakers. Orig. 69.95 NOW 49.88 25" color console TV, Early American styling. Orig. 499.95 NOW $399 16" black-white portable TV. Orig. 114.95 NOW $99 Pair of "mini" extension speakers. Orig. 21.88 NOW 16.88 AUTO CENTER MAJOR APPLIANCES Semi-automatic compact washer. Orig. 174.95 NOW $117 Electric compact drye'er. 3r!g. 124.95 NOW $77 3 cycle convertible dishwasher. Orig. 239.95 NOW $197 Hang-on s tereo speakers. Orig. 4.98 NOW 3.88 Kraco 8-frack auto stereo with FM stereo radio. Orig. 99.95 NOW 88.88 8-frack tape deck. Orig. 32.95..NOW 26.88 Mini 8-track tape deck. Orig. 49.95 NOW 39.88 Auto top carries for Volkswagen, Orig. 15.95 NOW 8.88 Classic whitewalls, set of 4 for 14" and 15" rims. Orig. 9.99 NOW 4.99 One piece aluminum wheel "the Dude". Orig. 39.95 NOW 32.00 GIRLS' CLEARANCE I Nylon tricot gowns and baby doll pajamas. Orig. 3.98 NOW 1.88 Sizes 8-10-12, assorted pastels. Girls' coordinates, jackets, skins and jackets. Orig. $7-8.50 NOW 4.99-5.99 Girls' dresses clearance, assorted s'y' es sizes 3-6x, 7-14 NOW 3.99-4.99 LADIES DRESS CLEARANCE | Junior, misses and half sizes, assorted styles and fabrics NOW 9.99-11.99 BIKE BUILT FOR TWO. Orig. 109.99 NOW $88 J PAINT AND HARDWARE | 1 H.P. roofer. Orig. 59.99 NOW 14.88 50 ft. 16/3 extension cord. Orig. 6.49 NOW 4.88 13 oz. hammer. Orig. 5.29 NOW 2.88 Sealer glue slickers, box of 60. Orig. 2.49 NOW 1.22 Solder gun. Orig. 4.99 NOW 3.88 Solder gun, kit. Orig. 9.99 NOW 7.88 25 watt soldering pencil. Orig. 2.99 NOW 2.22 Molded plastic saw case. Orig. 7.99 NOW 1.88 LADIES SPORTSWEAR CLEARANCE GROUP OF LAMPS. Orig. $24/$ll NOW 21.88/8.88 TABLE OF REDUCED PAINT. ASSORTED COLORS IN QUARTS AND GALLONS. INTERIOR AND EXTERIOR. CALCULATORS Litronix 8-digit calculator, battery opeVated, four functions. Orig. 29.95 NOW 24.88 Knit lops; Junior jeans; Misses polyester slacks; long sleeve shirts NOW 4.99-6.99 FISHING | Zebco 888 reel. 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