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Southern Illinoisan Newspaper Archive: April 23, 1974 - Page 1

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Publication: Southern Illinoisan

Location: Carbondale, Illinois

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   Southern Illinoisan (Newspaper) - April 23, 1974, Carbondale, Illinois                                PUBLICATION OFFICE Carbondale Murphysboro Herrin 710 N Illinois 1113 Walnut 212 N 16tb Volume a Copy Two Stetiem Frw Htrrln Wily Journ1 TUESDAY APRIL 231974 oisan 010175 LIBRARY LS NEWSPAPERS BOX 789 IU 62525 o Exxon Texaco faofh announce firstquarter earnings up more fhan 30 from 1973 New York CAP The nations two biggest oil companies Exxon and Texaco announced today substantially higher earnings for the first three monthsof 1974 Exxon said that in the quarter that ended March 31 it made million 39 per cent above tte million reported in the declared in the last three months same period last year The company noted however that the latest gain was down 104 per centirom the last quarter of 1973 when Exxon million earned Texaco saidits quarterly pro fits rose 123 per cent to million as against million last year The income is 30 per cent above the million of 1973 Earnings by Exxon and Tex aco follow by a day similar an nouncements by Gulf Oil and Standard Oil of Indiana which retails under the Amoco sign Both Gulf and Indiana Standard reported first quarter profits more than 75 per cent above the yearearlier period Maurice Granville Texaco chairman said domestic opera tions accounted for about 29 per cent of the firms net and were is per cent less profitable than a year ago Texaco said its gross sales totaled billion as against billion in the first three months of 1973 Earnings equalled a share up from 97 cents a share last year Exxon said sales for the three months totaled billion compared with billion for the same period in 1973 On a per share basis the company said it earned a share versus a share Commenting on the firms performance Exxon Chairman j K Jamieson cited an million profit resulting from the first quarter of last year On a per share basis Amoco earned in the first quarter of 1974 from per share last Reserve Mining workers returning to their jobs Carbondale police Cpl Larry Hill checks wreckage of truck km and car Threevehicle collision kills Carbondale woman By Joseph Arimond Of The Southern Illinoisan A Carbondale woman was killed and her husband ser iously injured about 11 am today after their car collided with two other vehicles on Illinois 13 in Carbondale Dead is Emma Hunt 62 of Rt 8 The condition of her tusband Paul Hunt 73 was not immediately available at Doctors Memorial Hospital Carbondale Police said the westbound Hunt car driven by Paul Hunt apparently turned left on a green light at Penneys en trance Kevin Beals 19 a Southern Illinois University at Carbon dale student from La Harpe said his east bound car clipp ed the rear end of the Hunt car spinning it around The car spun in front of an east bound garbage truck dri ven by Ray Williams 42 of Rt 3 Carbondale Williamsa driver for Har old Williams Jr Disposal Co Murphysboro saidhe was un able to stop his fullyloaded truck in time Neither Seals nor Williams reported injuries Silver Bay Minn AP The 3100 employes of Re serve Mining Co returned to their jobs today saved from the unemployment rolls by a tem porary court order that put the iron ore manufacturer back in operation until an antipollution case can be argued further Penole are relieved that everything will be back to nor mal for at least a few more days Mayor Richard Mayhall said at nearby Babbit where Reserve has a huge iron mine The people have a little more faith in the judicial system They are happy it was a situa tion where a groupof judges could review the decision said the 45yearold Mayhall a fore man at the open pit mine The order was issued late Monday nights in Springfield Jio bya threejudge panel of the 8th U S Circuit Courtof Appeals The panel stayed a lower court ruling until May 15 when the full circuit court will continue operating while a ore used in the nations steel making blast furnaces also sale or appreciation of oil in ventories These inventories in creased in value as the price of replacing them rose as well Jamieson said the inventory profits were not expected to recur The Exxon chairman also said earnings had been reduced bas ed on the estimated affect of a tax bill now before the U S The bill would be retroactive to Jan 1 and would affect only foreign earnings Jamieson said s Asked how much taxes had been deducted from the gross earnings an Exxon spokesman said We havent busted that put yet Exxons earnings are also kind of worries us that the opinion could be reversed Kay 15 But were willing to just wait and see what happens Right now the guys are just glad to be back to work There were signs that life was returning to normal in the two northeastern Minnesota mining communities at am Sunday And sud denly 3100 persons were out of work and the two small towns faced the prospect of becoming little more than welfare cen ters Company officials said they expected operations to be back to normal before the day is out And critics said that meant the company would again be pour up year In overall revenues Gulf said its sales rose to billion compared to billion for the first quarter of 1973 while Amocos revenues rose to billion from billion Meanwhile Ashland Oil a smaller firm said Monday its profits for the quarter were million or 75 cents a share 22 per cent above the level one year ago Ashlands earnings were down however from the last quarter of 1973 when tiiey were million Security analysts and govern ment officials said huge jump in profits is the bound to affect debate over an energy Ml now in Congress They said the earnings added to similar strong gams in the last three months of1973 may lead to a strengthening of an oil wind fall profits tax bill now in the House Ways and Means Com mittee A strengthening of this tax is the big fear of the industry uuiuuiubrca company womu aguu Gone were the clusters of I ing 6700Q tons Of rock wastes a fViO AUPrflrtW Ol I people in cafes the overflow of cars at the parking lot at the United Steelworkers buildings and the heavy street traffic of Monday The Saturday ruling by U District Judge Miles Lord Minneapolis ordered Reserves huge iron ore processing plant atSilver Bay shut down am Sunday because of pollu tion iritb Lake Superior Reserve which is owned jointly by the Republic and co steel companies and day into Lake Superior Lords ruling said asbestos fibers which allegedly come from that pollution were endan gering the health of five north eastern Minnesota and Wis consin communities which draw their drinking water from the lake Asbestos fibers have been linked to cancer Judge Donald Rossof thecir cuit court expressed skepticism that another two or three weeks is going to make a SH 11 of iron firm of W E Button Co But really these first quarter profits arent windfall profits Theyre inventory profits and probably are nonrecurring Continued demand for petrol eum and higher crude prices are the principle reasons for the higher profits analysts said William Walker general counsel for the Federal Energy Office said the sharp increase in crude oil costs has given the oil companies a substantial in crease in inventory profits whichare accounting changes East producing nations Agree ments covering these prices are currently in negotiation Until these matters are set tled the costs of Middle East oil are being accrued on the basis of our best judgment as to the likely resolution of the uncer tainties Jamieson said The company did not indicate the estimated cost of that oil Gulf and Standard of Indiana Amoco attributed their in creased earnings to overseas operations Gulf one of the top five com panies in oil sales reported earnings of million or per share of common stock for the first three months of 1974 This was 76 per cent above the million or 80 cents a share earned in tiie corresponding period last year Standard Oil of Indiana ranked in the ton W according to sales announced profits of weeks is gomeTO mane o aat to to s which result from goods in creasing in value while in stor age In addition Walker said the international firms may gain from better margins and higher prices for oil products abroad Gulf Oil took note of improved margins in Western Europe and higher price levels on the crude oil the company produced for itself of campaign giff Investigators suspect White House role smnnrh out disputes over the New government for Israel asked for commentby the New York Times but another White House wasmngron official who did not wish to be Investigators for the Senate named was harsh in his crib Watergate committee now be1 cism of the Senate investigators watergdie LUI TerrvFLenzner a for New York Times News Service And Washington StarNews Washington Tel Aviv CAP The ruling Labor party today sought President Epharim Katzirs approval for Yitzhak Rabin to form a new govern ment to succeed the one headed by Premier Golda Meir The party chose Rabin Mon day to succeed Mrs Meirwho resigned over criticism of her governments handling of the early phases of last Octobers Mideast war A former chief of staff and ambassador to Washington Rabon facts hard bargaining with prospective co alition partners The ruling Labor party picked him for the job by a vote of 298 to 254 over Information Minister Shimon Peres Even before receiving Katzir s official approval Rabin met parliament and could threeweek extension if jliiiiaA I with party colleagues to discuss view the shape of the new cabinet a zone party spokesman said He has three weeks to put to gether the coalition with a ma iority in the Knesset Israels get a neces sary On the SyrianIsraeli frontthe artillery exchanges continued without letup but Israeli forces claimed full control of Mt Hermon on the LebaneseSyrian border overlooking the Golan Heights The Israelis have built a zig zag road to the 9200foot sum mit of the mountain and have broadcast television pictures of Israeli troops in caves and sandbagged dugouts on the snowy summit Israeli tanks have also been moved to the peak which commands a clear f 11 in Fair and cool tonight low upper 30s or lower 40s Sunny Wednesday with high around 70 Index Classified Comics TV Bridge Crossword Editorials Family Living Records Sports Weather details map Youth 1522 23 4 6 7 1314 14 5 lieve the White House played a major role in coordinating the Internal Revenue Services in vestigation of a controversial campaign contribution from Howard R Hughes well placed sources said today The sources said that the in vestigators had recently inter rogated J Fred Buzhardt President Nixons counsel for more than three hours behind closed doors and decided to order him back for further questioning because of what was depicted as Buzhardts eva sive testimony Meanwhile the Washington StarNews reports that the IRS has agreed to give the Ervin committee additional data for the probe after charges of ob structionism were revealed over the weekend Buzhardt could not be reached led by Terry FLenzner mer assistant U S attorney for New York This is wretched and ugly the White House official said of Lenzners inquiry He was referring to newspaper accounts in the last two weeks about the committees progress in tracing the contribution which was given by the Hughes cor poration in cash to Charles G Rebozo one of President Nix ons closest personal friends The Times and other news capers have published accounts i Iw W him in allotments in 1969 and 1970 for personal gifts or loans to President Nixons two brothers F Donald Nixon and Edward C Nixon and his per sonal secretary Rose Mary Woods Rebozo and Nixon have publicly said that the in cash was kept untouched in a safety deposit box until it was returned to theHughes cor poration last June 27 about two months after the IRS began its inauiry Sources said top IRS officials met with key Watergate com mittee staff aides both before and after last weekends leak of a Senate staff memo which ac smooth out disputes over flie committee requests for certain tax returns and investigative reports prepared by IRS agents Source said Monday that Alexanders assistant Burke Willsey met with committee investigators and raised hell about news accounts of the oftestimony by Kalmbach before Herbert W the commit cused the IRS of placing trating and debilitating frus road patil of pro Rebozo In conversation with ibe Friday two Lenzners memo days before surfaced conversation IRS Commissioner Donald ireweY said that he I Alexander met with Senate in had used thTlioOO given vestigators in an attempt to They were really steamed up but theyve agreed to be more forthcoming one source said Another source said Alexander and Willsey indicated they will give Senate investigators at least some of the tax returns and investigative reports they are seeking provided that pro about news account v Lenzner memo which had been cedural safeguards can be set distributed to all seven Waterup to prevent leaks of the mfor gate committee members mation to the press Nixon gets extension agreed to a White House request that the subpoena deadline be Washington AP President Nixon has asked for and been granted a five day ex tension in responding to a House Judiciary subpoena for White House tapes a spokesman said level administration official said committee chair man Peter Rodino DN J today A high set for next Tuesday instead of this Thursday According to close Nixon ad visers the President still has not finally decided the form or content of a response to fte subpoena for 42 tape recorded conversations he held with sincedeparted aides of the entire battle Thats last I ever saw of them No ruling made on racial quotas Washington Star News And Associated Press Washington The Supreme Court today shied away from ruling on one of the most controversial issues to come before it in recent years reverse discrimination On a 54 vote the court de clared that the case of a white student denied admission to the of Washington Law School because of a racial quota favoring black applicants was mo since the student Marco DeFoms Jr is scheduled to I graduate next month If the court had taken a stand on the issue its decision could have been expected to have enormous impact on affirma tive action programs giving preference to minorities in hir ing and promotions in business and government Justices William J Brennan Jr Thurgood Marshall Byron R White and William 0 Doug las dissented The unsigned majority opinion indicated the issue will be available for court decision aU later date By Don Frost Of The Southern Illinoisan Iswam to an island 300 yards away They were still both on theboat Thats the last I ever saw of them said Jeffery Robinson today Robinson 19 was found on an island at Rend Lake Mon day after the boat his father and another fishing compan ion were in capsized Jeff and the companion were found alive his father not Jeff while fighting back tears that finally came today recounted what happened on the lake Sunday where big winds whipped up heavy waves He his father Donald L Robinson 40 of 701 N 17th St Herrin and Ronald Em ery 37 of Zeigler were return ing to the Sandusky Access area where they had launched L Boy tells how he swam to safety after father drowned their 17foot bass boat earlier Sunday The men moved to the back of the boat in order to keep its front end up against the pounding waves but the mot or died the front end of the boat went down and it started sinking We hung on to the boat and started yelling One boat came by but it was too far away to hear us Jeff swam to onfe island and then made his way to another island He planned to go from there to a road where he could get help But thats as far as I could get he said Jeff could talk no further Thfe men were found Mon day morning Jeff was found on the island at am Emery was found at am strapped to the boat He was taken to Franklin Hospi tal in Benton where he is listed in serious condition to day Mr Robinsons body was re covered at am Searchers tried to get a boat out on the lake Sunday even ing Marty Timmerwilke a US Army Corps of Engineers Park Ranger said but the waves were too high He said a search of the shoreline was conducted from pm to am Mon day Boats went out to search at daylight Monday Mr Robinson was wearing a life preserver when the body was found He must have hit his head on the boat when it capsized and was knocked unconscious Timmerwilke said He said an apparent wound to the head was found when the body was recovered He said Emery had strap ped himself to the front of the boat sticking out of the water The accident occurred about twothirds up the northern part of the lake toward the western shore Funeral services for Mr Robinson will be at pm Wednesday in Our Lady of Mt Carmel Catholic Church in Herrin The Rev Bernard P Mongan and the Rev Wil liam Longust will officiate Burial will be in St Carlos Cemetery in Herrin Friends may call after 4 pm today at Johnsons Funeral Home in Herrin where the Rosary will be said at pm today Mrx Robinson was an ex perimental machinist at the Norge Laundry Coin Herrin He was a member of Our Lady of Mt Carmel Catholic Church Knights of Columbus Council No 2164 and St Marys School committee all of Herrin He was born Nov 29 1933 in West Frankfort to William Lloyd and Irene Cagle Robin son He was married to Marlene Stearns July 25 1952 in Her rin Donald L Robimen Survivors are his wife Ms parents of Colp three daugh ters Kathleen Donna and Linda Robinson all at home a son Jeffery Robinson also at home and three brothers William Lloyd Jr of Blairs ville John of Carterville and Billie Dean of Hurst   

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