Brownwood Bulletin (Brownwood, Tex.), Vol. 75, No. 105, Ed. 1 Friday, February 14, 1975 Page: 3 of 16
sixteen pages : ill. ; page 21 x 15 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Fridey. February 14, 1975
Stock market looks ahead
1944
1964
1974
(Uq
-K
year.
gia
e E.
85 Cover Charge
. of
AVAVAVRDI
©
<
Fireplace Equipment
20%
ALL IN STOCK
I
4
sure •3
k
M
v)
T»
8
69
5610
VV )NT( .( )E NV
detergent
ALL YOU
CAN EAT
p--
Neil
I
Mr
: of
i wood
301 Main
Brownwood
ipital.
। Mrs.
rood.
are
and
"NO-PHOSPHATE"
DETERGENT
WHERE REQUIRED.
Mrs
itine.
Mr.
ir of
DR MERLE M. ElIS
OPTOMETRIST
Glenea .Contecttemn
308
Dieldaana
Fred
d
Mrs
An AP news
analysis
STATE * LOCAL TAXES
$138.5 Billion, or
12.1% of National Income
2k
SAVE
$20
. J
, to
of
■ SAVE
P 12X12" VINYL
< ASBESTOS TILES
NOWhwrtlifiedbMERBRITF
260
out of every $1
FEDERAL TAXES
$39 Billion. or
21.4% of National Income
STATE A LOCAL TAXES
$9 Billion, or
4.9% of National Income
STATE A LOCAL TAXES
$22.2 Billion, or
7.3% of National Income
310
out of every $1
FEDERAL TAXES
$62.5 Billion, or
20.6% of National Income
374
out of every $1
FEDERAL TAXES
$284.7 Billion, or
24.9% of National Income
J.
er;
Saturday Only
Specials
NEW YORK (AP) - With ita
booming rally since the start of
the year, the stock market has
once again demonstrated a
seemingly illogical ability to ig-
nore the world around it
Unemployment is at its high-
est level since World War U.
"Get That
Holiday Feeling"
Daily Luncheon Buffet
SHOPSATORATSSUATFD530pM
TICKETS MAY BE PURCHASED AT:
Cliffs Drive In, White Floral, Radio Shack, Cinema
Concession Stand, Kat Fish Korner and KEAN Radio
Station and Phi Mu Alpha members at HPU.
I
h
Ramblin
Rose
Lano, Texas
Sat, Feb. 15 "
EATUING
"David Lindsey"
5
0
We're trying to help fight inflation. This
’5 cover charge at door includes - admission,
setups, drinks, ice & water, cokes, juices,
(AU CAMMED BEHt) and chip
LAPALOMA ROOM - Open 12:00 to 2:00 AM.
7 Oars a week________________
Happy Hour 4:30 to 5.00 p.m. Daily
LVEMusIE-EfihinkRspm---
NO ADMISSION CHARGE
$165
MONDAY THRU FRIDAY
12:00 to 2:00 P.M.
million more than had ever
UtUKCrw-RyMff’RMl
9
4 AtDoor$2.50
♦
• LOVE •
STORY 4
SPECIAL
Valentine
Midnight
Show
TICKETS
Advance $2.00
270
out of every $1
FEDERAL TAXES
$111.5 Billion, or
21.5% of National Income
STATE a LOCAL TAXES
$49 7 Billion, or
9.6% of National Income
Cinema Twin Theatre
>~y
SAVE 1.77
20-LB. BOX
OF DETERGENT
388
REGULARLY 5.65
Low-phosphate for-
mula. Concentrated
so you use less. Safe
low suds with Per-
brite for bright
washes in hot, warm
or cold water.
"So it‘s quite normal for the make a move, then change its
Rut invoate. „ to be rising while the mind and bead in the other dP
.but. inestors who shunned economy is slumping. In the rection. And there is never any
Impatonmayhaveslackemad agumetettcnnommyahlany prourancsmanaa rusmt wW
bit, but it s still a painful force, early 1974, when many com- turns around the market is al
The effects of the recession are panies were reporting huge ready <mt nf tight ■
spreading from industry to in- profit gains, now are suddenly The whole business ian"t aulte
dustry. buying them at • record-break- as simple as that, unfortunate-
the outlook for corporate ing pace. ly. If it were, legions of Wall
profits—traditionally the most On Tuesday, the rally that Street analysts wouldn't have to
tangible factor to which stock began New Year's Eve touched toggle a good many times
Prices relate - is cloudy at best a new peak as volume reached without success trying to gauge
for at least the first half of this 35.16 million shares, over three -"“6
and we aren't going to have what the market it going to do
anything worse than a recta- next
sion Armageddon will be a Alao.theretaahraysthepoe-
little late this year, sibility that the market will
SAVE 520
ALL SHEER
PANTYHOSE
77
• ■ 0 PAIR
REGULARLY 1.29
All sheer waist-to-
toe stretch nylon.
Time to stock up on
long-wearing sheers
in top fashion colors.
In petite/average,
average/tall sizes.
. *
• L2.a., Associated Press Writer and took all of the cargo which,
||| RISTO IV SAN ANTONIO, Tex (AP) — he said, ranged from “lasagna
_ _ . ...7 • Testimony was to resume here to bubble gum" and some
By The Associated Press today in a hearing in federal ----—--------------------- across one open box which con-
aeunipaniangaptapruoqsa Report on Bell
SXfiS ~ rates "‘nadquate’
Today’s highlight in history: to Costa Rice where Vesco now SAN ANTONIO, Tex. (AP) — Ies and was unable to say if any
in 1M3, Canada became a lives. A rate consultant firm says its were unloaded in Costa Rica,
royal province of France. In testimony presented report on * Southwestern Bell But he said unmarked boxes
On this date - Thursday a former pilot for a Telephone Co. proposed rate similar to the one in which he
in 1859, Oregon was admitted Vesco associate said he flew the hike is inadequate for city saw the gun in Los Angeles were
into the Union as the 33rd state plane to Costa Rica with a councilmen here to make an ef- on the plane when it left Nassau.
In 1893, Hawaii was annexed shipment delivered to " Vescos fective judgment on a requested Richaraeon stava . m v..
bytreaty to the united states. people",‘but he added he col cFichardnnestaredomtpeunas
in 1903, a Federal Depart- not determine that any weapons O Brien and Gere Inc., a Syr- Soveritavhcrnr-lPcunda
mentofcommerce and Labor were unloved from his plane. Miller at his hbeforoom nsan
"anSi2"‘Ateaonasecamethe
“ amyeaczuzichhatrsnie-cd “•IXSiSyr KMETT'S
were rivals of the Al Capone seized by U. S. Custom ok£ls However, the report said M mssedimgstsof theacargore
gang in Chicago were murdered last summer at San Antonio adequate study would have to
in a garage. The killings be- International Airport Officials serutinize at least the whole Vincent Stoner of North Hol-
came known as the St. Valen- cited federal statutes dealing Bell system in Texas and would lywood, Calif., identified docu-
toe’s Dey Massacre, with gun running as the rmmr be expensive. ments he said related to sales of
in 1971, Britain switched to a for the seizure Thomas P Southwestern Bell’s rate-set- weapons to Richardson on two
decimal currency after 1,200 Richardson, a Vesco associate ting policies and handling of days in April 1974. Included in
years of dealings based on 12- and stockbroker from Los corporate monies have been the sales described
penny shillings. Angeles, was on hand when the challenged in a $29.2 million . .
Ten years ago: The Black na- plane was seized damage lawsui. filed by a for- .A co-worker gave basically
tionalist leader, Malcolm X, Federal officers have claimed mer 8611 executive and the theusame testimony. ___
and his family escaped injury that the $1 million seek Gates family 01 Bell’s former top man ,Two aircraft service workers
when a firebomb wrecked their Lear Jet 25 executive plane was in Texas, T.O. Gravitt from Van Nuys, Calif., Bernard
New York City home. used for illegal exportation of Gravit killed himself last Wilsonand Jerry Scinto, said
Five years ago: President guns to Costa Rica where Oct. 17 and left a note saying, theyhelped load the aicraft “nd
Richard M. Nixon announced Vesco now lives. ‘Watergate is a gnat compared Scinto said he spotted a "tom-
that the United States was ban- Mint n»rid WtW who to Bell.” my gun" They said, they also
ning production and use of toi- works for a commercial airUne’ The consultants report rec- helped load a quantity al am-
ins for warfare. aid he made mane mat. J ommended the San Antonio city munition plane.
---• ---------I U. S. District Court Judge
the Southwestern Bell request Adrian Spear said the govern-
and approve the rate increase' ment will have to prove their
providing Bell agreed to a re- case "now" after hearing Rich-
fund with interest arrangement ardon’s attorney complain
should the allegations be upheld about the six-month delay be-
in court, tween the seizure and the pre-
sentation of the case.
54
Thursday he will ask the city As the late Gerald M. Loeb, a
council not to compromise on a longtime market expert and in-
major hike in landing fees pro- vestment writer, put it in an
posed for Dallas Love Field. observation quoted in the
Schrader said he will request Hirsch Organization's Stock
adoption of his original plan. Trader’s Almanac: “Stocks are
which calls for fees to be hiked bought on expectations, not
from 9 cents to $1.06 per thou- facts."
_____________________ sand pounds for each aircraft "The market is quite
★ ★ k * landing at Love Field. frequently a very logical
t . Government tries to prove “
TodOv t fi no reason to make a com- that it looks three to six months
> I plane flew quns to C. Rica ■
I • *• view the proposed landing fee "The current recession,
increase after Southwest Air- which is the worst since 1937-36,
By Steven M. Eames met him at the San Jose Airport ammunition. lines complained that the 1,000 was reflected in the market’s
Associated Press Writer and took all of the cargo which, _ per cent hike was an attempt to drop to a 12-year low last fall.
Earlier he testified that while force the airline out of Love Now the market is saying that
loading the plane he came Field. an economic recovery is ahead
——- been traded in a single session
Manager against industron donssauprazeag J
compromise on TSpecemeartyoisopotntsabove .
The standard explanation for $
Love Field fee the divergence of the stock K
market and the current state of e
DALLAS (AP) - City Man- the economy is actually very V
ager George Schrader said simple '
M 25% OFF
REGULAR PRICE
78 Save on all tile in
Ou A Stock made for Wards
534 by Armstrong*—du-
X rable, colorful, long-
22 lasting. Choose Easy-
40X Stik® or regular back
OBGi in assorted designs.
JoheMarleyRayMillandibimi msui,
iodocumenjnimu -“. aa
Showing At-
MOUNTING BURDEN OF TAXES RECOVERYIN WORKS
* Taxes-Federal, State mA tocal-asaShareot National Incomeinu.s.
1944 1954
_ said he made many flights to * . -----*
One year ago: Clifford Irving Costa Rica while employed bv council knock off $500,000 from
was paroled from a New York Richardson. Government law- the Smnathuznstern -----
prison after serving 16 months yers zeroed in on a particular
of a sentence for producing a trip last April which began at
fake autobiography of Howard Los Angeles, continued through
Hughes.. ..... - Dallas, Tex., and Nassau, and
Today s birthdays: Fortner ended at San Joae, Costa Rica.
Teamsters Union president Miller said “Vesco . neoni»
James Hoffa is 62. Woman golf- ___________ ve»cos people
KEAN
AND
Dr Pepper
Bring You
SUNDAY ALL YOU t« qe-----
CANEAT 0-
12:00 to 2:00 P.m. *
CHILDREN % PRICE Ie
KoQidaSww* 5
515 E COMMERCE
In three decades tThetaxtaksinthe United States is nearty nine times whatitwasin cmmbingtroma
Total of 348 billion, or 26 per cent of the national income, to $423 billion or 37 De cant nt
national income m 1974 A cut in federal income taxes this year may slow or halt therncirntso
texthetaxburden -but fast-rising state and local taxes point to resumption of boosts in the
- 080 in years ahead (Source us Dept ot Commerce)
KJ
g8
45051 hm
8X10-FT. NYLON CABIN TENT
Wind, weathershed de- AA a
sign tent has big screened HU 00’
windows, easy-up alumi- U• OO
num frame. Sleeps 5. rfciii api v ao no
MONTH LONG SALE KEGULARLY 89.99
68X-
53, AF
■ X. f Ke Xe
SPECIAL BUY!
GALS’ SPORT SHOES . . . STOCK UP!
Cotton duck, fully cush- O
ioned; man-made sole. Wo- d «
men’s in white; 5-9,10; girls’ 5 e PArR
navy; 10-3; medium. „ T FAlK
__ BROKEN SIZES
646-6505 Plenty Free Parking
Open 9:00 to 5:30
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Fisher, Norman. Brownwood Bulletin (Brownwood, Tex.), Vol. 75, No. 105, Ed. 1 Friday, February 14, 1975, newspaper, February 14, 1975; Brownwood, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1575567/m1/3/: accessed June 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Brownwood Public Library.