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Daily Court Review (Newspaper) - June 6, 1972, Houston, Texas PUBLISHED SINCE 1889 HARRIS TEXAS TUESDAY AFTERNOON JUNE 1972 FEATURING REAL PROFESSIONAL AND GENERAL NEWS SINGLE COPY Thirty five Cento Prediction Stormy For Democratic Convention By Bill Boykin Forecast for the State Demo cratic Convention at San Antonio June 13 grows steadily Agriculture Commissioner John who already had an nounced as a candidate for con vention chairman against Roy Orr of De the state Demo cratic executive committee chair received backing of Na tional Carrin Patman accused Orr qf wrecking the party and pre dicted a disastrous bloodlet ting at San Antonio if he pre She said Orr wont abide by the party rules he helped write and that giving him the convention gavel would sabotage chances of the Texas delegations being seated at the July 10 national Supporters of George Mc Govern for president agreed Orr should not be chairman and that White is a fair they an endorsement on their part would be prema Also under fire is makeup of the convention credentials com mittee named by Critics claim it isnt representative of presidential preferences and age and ethnic earlier fired back that liberals are trying to take over and run the and he isnt going to permit it if he can help Some observers have calculat ed the convention delegate spread is actually pretty with backers of George Wallace and Hubert Humphrey all claiming a size able chunk of the To gain as much strength as McGovern and Wallace on the 130vote Tex Events In the News Seventeen Harris County Dem ocratic nominees for the Texas House of 63rd have announced their in tention to support and vote for State Representative Price Dan as Speaker Of the Texas House of Representatives next session among 12 University of Houston faculty members se lected as Outstanding Educators of America for James professor of law Jivas among on the basis of civic and professional achievements the Board of Directors of the National Ocean Industries Association has an nounced the selection of Charles Matthews of Vir to be President of this new trade association beginning Continued on Page 8 Trade Winds Shultz Bullish But Not Like Stock Marketers By Lou Schneider It can be said without fear of contradiction that Treasury Sec retary George Shultz is but not nearly as nearterm bul lish as exTreasury Secretary John Connally or Wall Street stock Shultz doesnt expect the full employment figure of four per cent unemployment to be reached until afcleast Connally said it would be attained this Right now unemployment stands at about six As for s monetary policy they can ibe put this way He is a warm admirer of Milton his former col league at the University of Chi who belieVes in the econ omy growing at a noninflationary The Daily Investor Mutual Not High Risk Oil To Conserve Capital By Charles Elia We are considering an investment in an oil income pro A friend knows we have some cash to invest but that any investment I make must be low since I have four children Market Expansion Will House Largest Rink in Southwest Town Country Village in con junction with of Houston have announced a ma jor expansion of the Farmers Market to house the largest ice skating complex in the South The expected to be completed this will contain two rinks totaling more than 000 square feet of approxi mately twice the size of the Gal leria This area will comprise onethird of the Farm ers Market and will be named ihe Ice According to pres ident of the larger located at the north end of Farmers will meas ure 85x200 will be plexi Continued on Page 8 to educate in nottoodistant My wife and I have con fidence in our friend but before we take the plunge we decided to ask your The pros pectus we received is certainly In the typical oil drilling program you become a partner with others in putting up money to drill for paying a manager to run the Thats not exactly what Id call a lowrisk investment and Id suggest you reread the Id guess offhand that you overlooked ref erences to the speculative nature of the Oil drilling programs have be come a very important source of risk money for the industry in its search for new But these programs are basically geared to higherincome individ uals seeking a tax In their early years and some times forever these programs produce tax losses for the invest The hope for big gains is of but its de Friend or the risk involved in this kind of investment hardly seems suitable for someone whose prime objective is to con serve Id in looking for a es tablished mutual fund with mod erate growth possibly in the nosalescharge That means a narrowing of credit pump priming by the Federal Throw into the drawer contain ing outmoded crewcut haircuts and fivecent beers the old eco nomic rule that the greater the volume the lower the unit cost lower retail That goes for all busi nesses from diaper pins and automobiles to utility For those going abroad this summer Dont expect to load up with foreign merchandise at bar gain prices sufficient to pay the cost of the Rising prices abroad have toppled cock robin from his and money re valuation has squashed him As of July if you take more than in cash or travelers checks on an overseas trip you must file a declaration with the Customs Take as much money as you The rule is merely to prevent funds from il legal sources in the to be transferred into secret bank ac counts The nations balanceoftrade deficit for 1972 will be the worst in according to Com merce Department Explanation Business better ment in the makes a good market for imported products While a drop in the European economy is reducing the sales of USmade goods It isnt difficult to calculate the daily dollar value swing of the listed stocks traded on the New York Stock It can be done by simple arith The number of shares listed on the Big Board is slightly more than 18 Thus a change for each cent in the exchanges value of up or amounts to A 10cent rise would total a billion value A five cent decline would amount to a million dip in total Apropos of taking a good chunk of the big earnings of highpay executives to pay the Federal op perating the Chamber of Commerce people say if the Federal government took all in come above from every one earning more than that amount the revenue would fi nance less two weeks of government programs at current spending as delegation to the national con Humphrey would have to pick up most of the uncommit ted Republicans see harmony for their state convention in Gal veston June They are even scheduling beach Auto Rate Cut Seen The State Board of Insurance will meet July 24 for its annual heating on auto insurance and Chairman Larry Teaver thinks a reduction is in A percent increase approv ed last year was blocked by a presidential wageprice Rates have been in effect since when a 14 percent boost was There has been no reduction since a frac tional cut in Teaver said profits from un derwriting nationally are at an alltime as are investment profits of auto insurance com He plans to submit a personal injury protection pro posal to the Board as a substi tute for nofault auto The Teaver recommendation in cludes liberalized medical bene fits on a nofault income replacement and life insurance instead of uninsured motorists and medical payments Teaver could be out of a job before the July hear The Legislature convenes in special session June and Teavers appointment to the Board is pending in the About 400 men from Texas are expected to be inducted into mili tary service during the month of although no quota yet has been assigned the State Selective Service Head quarters has announced that young men with lottery numbers of 50 or lower in the years first priority selection group will get their induction orders next Those with numbers of 90 or lower may get preinduction phy sical examinations during Melvin state di rector of Selective said 30 days notice is planned for all induction Traders Corner By Uphani Wallace selected for the Traders Corner on 1 at with an objec tive of Support is evident at Stock is still rated a Place stop at Chelsea Industries in an all wires 10 at with an object tive of CHD is still rated a Morse Electro Products MOK 33 Vi originally mentioned on 13 at with an objective of MOR is rated a with a stop at Gee Boss To Thine Own Self Be True By Eleanor Harris Deepimprinted memories lie dormant in all of us tilll a sensa a activates And the other day my husband made that It emanated from deep within boomed out from the ga rage and reverberated through the house where it reached my startled Before I could The bandaids are in the bath he stormed into the house and threw a book at Why did you do that I ask ed Living a Lie Because for these past 26 you have been living a he said I You found my birth I found your I stared in What diary The diary you kept in your very innocent he said You did I said That was more than 26 years Where in the world did you find it With all the other things youve been hiding from me old love pictures of old romances I was the first man you ever huh he compared to you the Woman is Alice in Very Active Body You dont need my old diary to know I said in those I had a very clean But a very active he handing me the Opening it at I read aloud Today is Good old Monday is Hurray for I Whats so revealing about that Waitll you come to good old he said and quoted Larry was over and we were alone for the first We boogie woogied to Its the first time Ive ever boogie woogied with any and if I had known it was going to be so much I would have done it for heavens I snapped what hap pened to your memory Boogie Woogie was a dance Need All My Energy he said trium flipping to the last writ ten how about huh Tomorrow night at this I will be a changed I am so excited and I can hardly He really loves me and I love and I can hardly believe that at this time tomor row night we will have our first night I wish I could Continued on Page 8 Inside the Daily Court Review ITEM PAGE Abstract of Assignment of Assumed Birth Building Court 7 Divorce Harris County Land Transaction 6 Jury Docket of Civil Cases 5 Beer Permits 8 Marriage MaterialmensMechanics 3 Plumbing 3 Public g Suits in Civil Courts 2 District Whats the
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