Northwest Arkansas Times from Fayetteville, Arkansas on October 24, 1974 · Page 8
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 8

Fayetteville, Arkansas
Issue Date:
Thursday, October 24, 1974
Page 8
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· Northwest Arkcmsaj TIMES, Thim., Oct. 24, FAYETTEVILLE, A R K A N S A S 1974 ft* AM* wrwrti twutXMwrJ! «v6k **** y4 - *^* ·* · Weather Forecast Showers are likely Thursday for the middle Mississippi Valley through the central and southern Plains. There will be showers in the Central Rock- ies, from Minnesota to Ohio and in southern Florida a n d Texas. It will be colder in the West and Midwest and warmer in the East and Southeast. (AP Wirepholo) Europeans Plan To Invest More In U. S. Securities reatest concentration of U.S. ecurities was found in Zuric.i. i S8.3 billion. London, S6.6 illion and Geneva, with $6.2 illion. Tile surveys editors commented: "One might compare hese numbers with some U.S. ities such as Minneapolis, vhose financial institutions hold 9.1 billion in U.S. securities. .nd Atlanta, with $6.3 billion. By JOHN CUNNIFF Business Analyst NEW YORK (AP) -- A survey of European financial institutions that are active investors in U.S. corporate securities suggests they are strongly in favor of adding to their holdings. The study, by Technimetrics Inc., a financial research organization that supplies data to blue-chip U.S. corporations and institutions, may be somewhat dated, having been completed last April. Up to that time, however, it was found that 83.3 per cent of all European financial institutions with holdings of $100 million to $500 million of U.S. securities planned to make additional investments by 1977. Most bullish of all were German, British and Belgian institutions, with Swiss, French and Dutch investors following close behind. The company maintains that ts information was gathered rom direct inquiries to Eu ·opcan money managers rather ban from previously published material, or from government statistics. Most attractive of all in dustries, the survey found, wa 1 oil. Others mentioned prom nently were banking, of 'ice equipment, oil service, an medicines. Conspicuous in their absenci ram the list of preferred in dustries were utilities, retai mtlets and household products Holdings of U.S. securities b European financial institution amount to about 535 billion, ae cording to Technimetrics, wit close to S18 billion of that resit ing in Switzerland, and S6.8 bi" lion in England. Other significant holding were found in France. $3 bi lion, Scotland, $2.4 billion, Ger many and Netherlands, $2 oil lion. On a city by city basis, th Wright Dies LOS ANGELES (AP) - Loyd Wright, 81, a former president ot the American Bar Associ ation, died Teusday. He began his law practice in California in 1915 and was ABA president from 1954 to 1955. TRI-LAKE5 ANTENNA Sales and Service New Used Antenna* Color · Black While Boosters · Towers Free Estimates 751-7927 7S1-MM 7H-02S7 Scattered Rains Dot Midwest Heavy thundcrshowcrs over West Texas and part ol New Mexico diminished today, casing threats of flash flooding in several areas. Persistent rains shifted into portions ol Oklahoma, Kansas, Utah and Idaho, while scattered showers drifted into Missouri, southern Illinois, southern Indiana and Kentucky. Small, isolated areas of showers also dampened ?ou:heast Ohio, northern West Virginia and southern Florida. Skies were generally clear over the central and eastern Gulf Coast states. Fair weather extended from the northern Plains to the Northeast. Patch es of dense fog set in over the northern portion ot the Ohio Valley. Temperatures before dawn ranged from 23 at Houlton Maine, to 76 at Miami. Fla. Decision Expected LITTLE ROCK (AP) -Judge Gene Bain of Jeffersoi County Circuit Court is es iccted to make a decision i the case of Grady May. who i appealing hi.i dismissal fror the Pine Bluff Police Depar meat, after Nov. 20. Rebuttal testimony was com pleted Wednesday in the case and attorneys were asked t submit briefs oy Nov. 12. Repl briefs a. 2 due Nov. 20. ENJOY OUR DELICIOUS BUFFET Both Noon and Evening Bring the family] Child's Plate Only $1.35. We have three private dining rooms that will accommodate up to 350 people. Buffet Noon and Evening RZS.U.S FM.orr, ·Call A M I E STONE For Reservations 443-4323 Former Bealie Se@s No Reunion LOS ANGELES CAP) -- Forer Deatle George Harrison ys the British rock group will ver get back together. "The ly way it will happen is it e're all broke," he says. Harrison, announcing his first .S.-Canadian concert tour in ght years, said Wednesday at the Beatles belong in the ast. "Haying played with other ·uisicians. I don't even think ie Beatles were that good," aid the mustachioed Harrison, The four musicians -- Harrion, John Lennon, Ringo Starr nd Paul McCartney -- official- disbanded the Beatles in 970. Violinist Dies AMSTERDAM. Netherlands AP) -- David Oistrakh, the 'orld renowned Soviet violinist ied early today in his room a n Amsterdam hotel, a spokes nan for the Amsterdam Phil armcnic Orchestra announced Oistrakh was 66 and had istory of heart trouble in re ent years. The spokesman sail ne cause of death had not beei letermined yet, but it was as umed he died of a heart at ack. Oistrakh in recent years videned his musical activity t nclude conducting and arrive 11 Amsterdam on Oct.. 7 for Brahms series with the Phi armonic. Retirement System Needs Made Known LITTLE HOCK (AP) -- The ^cgislative Council received irojcclions Wednesday on what Ke legislature would need to da o make the three major state retirement systems actuarially ound and their benefits iml- orm. The council was told it would ake a substantial increase in ax funds to make the state Teachers Retirement System and state Highway Employes iound and that the legislature must decide how much, if any of the increase the employes vould have to bear. Richard G. Roeder of Detroit :he actuarial consultant to the retirement systems, indicated hat he thought the employes should not bear any of the additional costs, but he did n o t press the point strongly. He said the trend was to reduce employe contribution rates. State Rep. John M. Lipton of Warren, however, indicated that he doubted the legislature would agree. The council decided to continue its study into Ihe matter and appeared no closer to making a recommendation to the 1975 legislature at the end of its scs- Th TIMES f« On Top of Th» N«W( Seven Day I a EXPERT WATCH REPAIR S W I F T S CTNcHk black wauuils are worth cash! MAMMON'S HULLERS ARE PAYING $ 5.°° IO E O R LBS After hulling on Hammons Huller. No charge for hulling. There's a crop under your trees just for the picking. CASH IN ... take your walnuts to your nearest Hammons Muller. PHILLIPS GROCERY, Jet. Hwy. 2«5-« East MlTCIIEll y 'S DISCOUNT GAS, 3 mi. West on Hwy. 68 Tontitown, Ark. RALPH'S CITGO SERVICE, Winslow, Ark. niCKLE'S TEXACO STATION, Lincoln, Ark. JCPenney IncientJIge ^5^ ^^ ^r INTROPUCES A NEW DRINK SENSATION Orange Age is a great new drink that's delicious to taste and easy to make. Just one part of smooth Ancient Age Kentucky Bourbon and orange juice to taste over ice and presto. ,,anew drink sensation . . . Orange Age. Ancient AN86PROOFBOURBON BESTTM eoiew wtSM.-w (fOOF- ©m MCIOTUE BISIIUM co, m\w-.\. n. GREAT TOYS GREAT PRICES Penneys has big buys on some of this year's big name toys. Sale 8.50 Magic Shot GaBery by Marx* Sale 9.79 Matter* Camp Pott. Sale 9.89 Sew Magic. Shop Mon., Thurs., Fri., 9-9 Tues., Wed., Sot. 9-5:30

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