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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 27, 1971
Page
8
The Daily Investor argues inflation harms market value and that stocks have not reliably outpaced inflation. It notes persistent inflation, high unemployment, and wage controls eroding purchasing power, while cautioning against viewing inflation as stock market benefit.
The passage argues that higher inflation erodes the dollar and that stock markets suffer when inflation runs around five to six percent. It notes the best market periods occurred when inflation was very low, citing 1953-55 and 1959-65 when inflation stayed below two percent.
Republicans Tom Stagg and Dr. Robert Frye plan campaign stops in Ouachita Parish and nearby towns Tuesday through Thursday. Stagg will address Monroe Jaycees and visit Ruston Farmerville Bastrop and other sites, while Frye tours Ferriday Winnsboro and nearby communities before a Twin Cities stop.
The Ouachita Parish clerk of court lists transfers including Neva Arrant Caples to Mary Jo McDermott for $8,000 and Marvin V. Reaves to Duane T. Luce for $19,500. Other deeds involve Archie Cowan to Guy Slater Pennington for $18,000 and multiple parcels including Mauldin Tract and Tanglewood areas with values from $3,506 to $36,500. Mortgage and property trades include First Fidelity Mortgage Co to Secretary of Housing and Urban Development and Cantrell Co. to Soeren Stewart Brynnet ux for $28,000 plus numerous lot transfers across Sunshine Heights, Lakeshore, Fair Oaks, and West Park Sub. with various prices.
In Fresno California the U S Forest Service unveils Woodsy Owl as a companion to Smokey the Bear. Woodsy Owl will remind the public of positive steps to prevent pollution and fire risk.
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