05 Apr 1973
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Apr 05, 1973
Page
1
The House Banking Committee recommends restoring price, rent, and interest levels to those of January 10, before Nixon ended Phase 2 controls. The move signals a sharp policy clash as Nixon seeks only a discretionary powers extension, which expire at month end.
Economists say the nationwide meat boycott is unlikely to move beef prices meaningfully unless it lasts longer and shifts buying habits. Analysts note demand-driven price shifts could level off or be temporary as consumers revert to normal patterns.
The Senate moves toward a test on whether U S funds should aid rebuild North Vietnam as Sen Byrd seeks to bar such aid. Amid two votes on curbing impoundment and capping federal spending, Ervin defends the package while Tower warns of presidential overreach. The bills include a devaluation provision and allow citizens to own gold again.
Arkansas legislators moved toward final passage of the Revenue Stabilization Act setting priorities for an estimated 836 million dollars in programs and agency operations over two fiscal years. The House approved the surplus allocation bill 82 to 0, the Senate concurred after a minor amendment, funding about 133 million of the surplus though total may top 125 million.
The eighth grade class will host a car wash at Brown's Texaco on State Highway 29 and I-30 this Saturday April 7 from 10 a.m. to 5 p.m. Cars are $2 each.
Wholesale prices jumped 2.2 percent in March, marking the second straight monthly rise and the steepest since 195? The index shows a 4.6 percent surge in farm products and processed foods, with finished goods up 2.1 percent. Industrial demand rose 1.2 percent, signaling continuing inflation pressure and possible tighter controls under President Nixon.
JIS Galloway 72 of Hempstead County died in a local hospital. Survived by wife Bessie and children in Fort Worth and Hope. Funeral set for Providence Baptist Church with Herndon Funeral Home assisting. burial by Andersen Funeral Co. in Hope.
Rep. Thomas Sparks of Fordy confronted Speaker G W Turner Jr and Rep. Frank Henslee of Pine Bluff in a heated Arkansas House session over lowering the age of majority from 21 to 18. Turner refused to recognize Sparks after a disputed point of order, urging an apology while Sparks and Henslee sparred at Henslee's desk.
Experiment station report for 24 hours ending 7 a.m. Thursday notes frost with a high of 58 and a low of 34. Forecast for Arkansas calls for sunny mild conditions today, fair and not as cold tonight, and partly cloudy warmer Friday with highs in the mid 50s to mid 60s and lows in the mid 30s to low 40s. Friday highs expected in the mid to upper 60s.
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