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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jan 03, 1975
Page
1
The Labor Department reported December unemployment at 7.1 percent, with 6.5 million jobless, the highest since 1940 and the steepest monthly rise since October 1960. Auto layoffs pushed totals up, as President Ford prepared for a policy meeting amid a worsening recession and calls for tax cuts.
Multiple New Year’s Day crashes kept officers busy with three collisions in the 900 block of West Third Street and two more on Eddy and Washington streets. No injuries were reported, with one crash on Third and Cedar at 5:15 p.m. involving Gracella Zubeldia and C R McDaniel. Other incidents included clashes between Allen Eastup and Thomas Hamilton, Edgar Berry and Pearl Shorter, and a prior collision at Third and Cedar at 2:29 p.m. involving James D. Wilson and Lupe Gabaldon. Additional Tuesday crashes involved Claudia Matta and Jesus Falcon, and Carl Shook with Carl Thorp. Details indicate frequent fender-bender activity across several intersections.
Gold closed slightly higher in London trading at 174 dollars after a dip to 171 earlier and a Thursday close of 173.50, while Zurich reopened after New Year with a range from 168 to 177 before finishing at 171. A Swiss bank source warned continuing volatility could push private investors from the market. The London market remains erratic after a $11 drop on Thursday.
In Austin, the Texas Unemployment Commission announced SUA benefits for non eligible workers such as domestics farm workers city and county employees and others denied ordinary unemployment. SUA pays up to 63 dollars weekly for up to 26 weeks based on prior work and earnings and requires evidence from the prior 52 weeks.
The Texas Observer features Billie Sol Estes, once a Pecos financier tied to a major scandal. The issue reprints a 1962 article summarizing the Estes affair to date. Copies are available by mail from The Texas Observer in Austin with 53 cents postage.
On U.S. 80 Pecos new timed cycle lights at Third and Cedar and at Third and Oak went into operation at 9 a.m. The Cedar intersection now uses coordinated timing to ease east west traffic, replacing long standing flashing lights blamed for accidents. THD and city officials previously debated removing Third Street signals.
West Texas and the Pecos area began drying out after an eight day wet spell Thursday as the day’s high reached 56 degrees thawing icy roads. Early low around 33 degrees and forecasts show mostly dry conditions with isolated freezing rain possible through Monday. Strong winds and travel advisories were posted in the Yellowstone Valley while heavy snow fell across Wisconsin and Upper Michigan.
Banks in Pecos end 1974 with strong deposits despite national inflation and poor weather. Combined local bank deposits totaled 38.749 million dollars with First National Bank at 16.354 million and Security State at 22.395 million. Bank call date set by federal officials highlighted the stable Reeves County economy.
Memorial Hospital reported 22 patients today with 13 admitted in the last two days. Four surgeries were completed on Thursday and two more by noon today as operating rooms neared full use. Administrator Jerry Taylor quipped that it was a pretty good month in two days.
AT&T proposed a new long distance rate plan filed with the FCC to raise revenues by about 7.2 percent and add 717 million dollars. The plan would cut the billable period from three minutes to one minute and raise charges on roughly 70 percent of interstate calls while lowering rates for the rest. If hearings are required, effective date may be delayed.
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