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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jul 09, 1970
Page
2
NEW YORK AP The liquidity crisis reshapes American business forcing conservatism in credit and spending. Firms face tighter funds. Penn Central cannot pay bills, and lenders demand stronger repayment. Argus Research notes balance sheets shrink risk as conglomerates pause acquisitions and trim costs.
Weather Experiment Station report for 24 hours ending 7 am Thursday notes high 91 and low 72 with 15 inches of rain. Arkansas forecast calls for fair and cooler tonight, then Friday fair and warm with partly cloudy skies and isolated thundershowers mainly in extreme south in the afternoon. High Friday expected in the upper 80s to upper 90s, low tonight in the upper 60s to mid 70s.
Gov Winthrop Rockefeller credited careful planning by his administration and Welfare Commissioner Len Blaylock for a welfare grants increase announced Sept 1 a $6 monthly rise that will be funded without new taxes Rockefeller spoke at the opening of his regional campaign HQ in Russellville and said Horace Blaylock of Russellville would coordinate his bid for a third term in Pope Yell Conway Johnson and Perry counties Arkansas has the lowest state employee count in the nation
U S air force sorties in Cambodia fell after American troops pulled back from South Vietnam last week. In seven days, fighter bombers flew about 100 sorties and B 52s over 20, with reconnaissance nearly 90 flights. May saw heavy activity with thousands of attacks as operations neared their end.
Clarence Perry Kit Carson 76 died July 3 in Hannibal Missouri. Survived by wife Effie C Carson one daughter Mrs Hansford Long of Hope two grandchildren. Funeral services were held July 6 in Hannibal with Masonic services. Interment in Greenwood Cemetery Palmyra Missouri.
A Production Credit conference for all male field staff of the Production Credit associations in Illinois Missouri and Arkansas was held at Stouffers Riverfront Inn, St. Louis, June 29-30, 1970. F T R McGuire, President of the Federal Intermediate Credit Bank of St. Louis, spoke on rising farmer credit demand and peak balances.
Democratic dove opposition blocks table motion as House fights over Cooper Church proposal tied to foreign military sales. Debate cites alleged Housing Department pressure calls while Nixon aides attend meeting. Morgan aims to send bill to conference but seeks uninstructed conferees. July 1 start date for restricting US forces in Cambodia highlighted.
Arkansas governor hopeful Compton, an El Dorado lawyer, says he is underfinanced and underorganized yet aims to reach voters by substantive issues rather than ads. He opened campaign HQ in El Dorado and plans to operate from a relative's Little Rock apartment. He notes eight Democratic primary contenders and Faubus as the man to beat, stressing image and public appearance as decisive factors.
The C5 Galaxy, touted as the world’s largest aircraft, landed at Clark Air Base in the Philippines on its maiden Pacific crossing. Maj. E. A. Chambers called it the greatest and easiest plane to fly. The flight stopped in Hawaii and Guam en route from Charleston. Ground crews will train with the aircraft, whose ground-level cockpit sits 32 feet above the cargo hold.
DARDANELLE Ark AP State Police said Terry D Wactor 17 of Camden was killed today in a one car accident on Arkansas 27 after losing control on a curve and the car overturned.
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