Page 2 of 24 Sep 1972 Issue of Galveston Daily News in Galveston, Texas

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Galveston Daily News (Newspaper) - September 24, 1972, Galveston, Texas The off jew Tome Milt 2-a Piliu Jav Tuo sunday morning september 24, iw2 Oil is to bring financial Burden i technicolor i Scotia my features 52nd Broadway adults 2.00 disc. Best picture Best director Houston a current projections for increased dependence on foreign Oil indicate severe balance of payments problems for the United states. One Oil executive suggests the Oil exporting nations them selves May have to provide major assistance in resolving the situation. John g. Mclean chairman and chief executive officer of Continental Oil co., says the . Balance of Trade deficit for fuels alone could be in the 920 to billion Range by the Early 1980s compared with a current deficit of less than billion at the Ante time Mclean adds Oil revenues flowing to the 11 members of the organization of Petroleum exporting countries Between 1970 and 1965 could aggregate As much As j500 billion or about nine times the amount received Between 1955 and 1970. Mclean says most of the open countries predominantly Arab Are not yet ready to absorb new funds of such Magni tude within the framework of their own economies and As a result a Large portion of the Oil bluebeard he did away with Beautiful women. Attn a Chubch Agosta Buh s b l open Ca Bayou for feature 1imes epicurean adventure scheduled for october the 1972 epicurean extravaganza. A feast for Kings and Queens will he held the evening of oct. 9 in the Moody civic Center. The popular food extravaganza has become an annual event for the sponsoring Gal Vest on restaurant association a chapter of the Texas restaurant association in Observance of october As Texas restaurant month. Theme for the month is the fun of eating the epicurean extravaganza features the specialities of Galveston county restaurants and food suppliers. The varied menu ranges from the exotic to the All american with plenty of both. The participating firms setup Booths for dispensing their particular item and the guests Are. Free to wander from Booth to Booth and Back again As their tastes dictate last year s epicurean evening menu included hours d oeuvres canapes several salads South sea specialities Sweet sour ribs smoked Kingfish pizza mexican food French Fried Chicken livers boiled shrimp Fried shrimp Gumbo shrimp Creole French Fries hamburgers assorted breads cheeses pastries and crepe Suzette. Beverages included carbonated soft drinks milk Orange drink Coffee several wines and after dinner drinks. There also were displays of ice carvings decorated cakes paper food service goods and Floral arrangements. Frank Trapani u Board member of the Galveston chapter said a similar menu is planned for this year with several outstanding additions. Dining will begin at 7 . And will continue for several hours. The ballroom will be opened at 8 . And music will be provided for an evening of dancing. Tickets for the full evening of dining and dancing Are per person in Advance and at the door. Tickets Are available at restaurant association member firms. Proceeds from the evening will be used by the Galveston chapter for various projects. Mcnno Dultz is general chairman for the epicurean evening this year. Ruddy Porter Field is president of the chapter. Tax revenues will thus move into the Short and Long term Money markets of the free world in ways and with impacts which Are difficult to pre dict. One Clear possibility is that the open countries could be come Large equity holders in the financial institutions and Industrial companies of the United states Western Europe and Mclean said. I do not View this Prospect with alarm. On the contrary i believe it could have salutary effects on the whole framework of economic and political relationships among the Oil producing and consuming nations. Moreover some financial in vestments by the open nations in the major Oil consuming countries will certainly be Nec Essary to help the latter coun tries offset their balance of Trade deficits in total Oil imports the past few weeks have averaged about 4 million barrels a Day and pres ident Nixon has authorized an increase in excess of barrels a Day for october de Cember. Mclean is chairman of the National Petroleum Council s committee on the . Energy Outlook a group that has fore. Cast rising demand and lagging Domestic production will cause imported Oil to spiral to 15 Mil lion barrels a Day by 1985. The flying Tiger club 4302ave.s pm 763-9062 for your musical entertainment Friday saturday sunday the infernos sounds of soul Western latin Tempo the most Beautiful girls in Galveston As your hostess in Fht Beautiful club and lounge enjoy sunday luncheon Buffet 3 inc1ums tax and w the fabulous a duo entertain during sunday lunch and except monday. Galvez hotel Motel Lilac dance Friday sept. 29 9p.m. Moody civic Center Augustin Ramirez and his band Fol records free while they lost adm s3 00. Tax included big Quintero recreation Center 510-61st Street Rocky glut and the la Raza 8tim2 Price free Beer from to 3803 Hwy. 3 Dickinson Carl s " Lazy Mno i0unge pm it met my Arm run. My my. Of Poupas. Has Taulien tie Semiedo come see me at the Holiday inn sept. 23-24 600 strand Charlie Chaplin film festival Gold Rush sparring partner the Champion laughing the Park and other great hits of the Fasti Tatum times tac a Taco 7jo Uva. Save on i Saue tickets Prthu Al in. Door Call 763-4710 Galveston Airport grounds 8500 Stewart re. Thur. Oct. Sponsored by Galveston eagles Lodge 48 Kuun 5 aft. Nite l5 elephants if 25 featured acts Jungle beasts trained acres of tents by Dave Hoover i Iso performers reserved and general admission tickets for Sale on circus Day at showgrounds and on Sale now thru circus Day at eagles Lodge 1906 Post office St. Save save on adult tickets purchased prior to circus Day c a Java Gulf Fry. At Texas City bluebeard. He did away with Beautiful women. To wry Flold other Chw Kew gig Young theatre opens at 1 big hits All at the big drive in f Gulf Fry. At Texas City fore of the be for s 10 Best Eastwood Clint Eastwood harry11 a map also production co Starr lip Harry guarding Reni Santoni technicolor skin game a can Mitlon Indus Lajti Riltia interstate s downtown Galveston starts Friday seafood restaurant and Oyster bar 23rd and seawall blvd. Business lunch All lunches monday baked Chicken with dressing salad or Barbecue sausage and baked Beans thursday Chicken dumplings salad Salisbury Steak mashed pouter and salad. Closed tuesday wednesday meat balls 4 Spaghetti salad or beef Stew with fresh Garden tossed salad. Friday meat loaf scalloped potatoes salad or tenderloin of Trout Sandwich French Fries and Cote Slaw facilities Are available for private parties plan now for the holidays where is your Niche ours will be opening soon that. 3 Cycle sizzlers c Bayou no cd 7100-Hwy. 75 935-3631 a Nullo. 0 Devil rider Arena 6 Tak a Taco pre restaurant month special 4 delicious 00 tacos i to go Only lexicon food of its Belt phone 763-4720 720 seawall blvd. . Special 3davsomr i Saib by beef or ribs sausage Call 744-1 w8 of your ready cart s drive inn 5205 Broadway owning to the Holiday inn by popular request sunday Buffet entries roast beef stuffed pork chops stuffed crabs to Tailes Almodina. My Mfd salads combination Pinc Appu Choit a 3 j adults Colton Tchun 12. Every wednesday evening 6 to 9 . Western style Buffet serving the finest fib a children under l adults every tuesday evening 6 . To 9 . All you can eat children under t adults every thursday evening i . To 9 . Buffet All you can eat children under l adults every Friday evening 6 . To 9 . _ d u i i c i All you can eat children under 12. 150 adults. 2" truly elegant catering we Cater Homes offices banquets or any Type party. For More information Call 765-5544__ 600 strand Galveston

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