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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 26, 1970
Page
10
A fragmented note questions how to hedge against inflation amid government efforts and rising money costs. It argues against blindly buying at book value and notes years of inflation hype, urging practical action and careful personal finance responses.
A chaotic Belfast scene follows a dynamite blast at a taxi office linked to rising inflation and sectarian tension. The incident coincides with market downturns and social strain, sparking debate on economic policy and public safety. Authorities vow investigation while residents assess damage.
Provisional accounts describe two hours of melee in Belfast as Protestant youths and Catholic residents clash near Shankill Road. Barricades erected by police hold back about 300 Protestants, with nearly 500 British troops deploying batons and shields to separate factions. No arrests or injuries reported amid the standoff cited as a nerves episode.
Stock market activity showed broad declines with mixed gains in select names. Tech and glamour issues fell, IBM and Polaroid sliding while Xerox and Control Data retreated. American Exchange listings fell as 14 of the 20 most active issues advanced or held steady amid 63,600 shares traded.
San Francisco police probe possible link between the Zodiac killer and the slaying near where taxi driver Paul Stine was killed. Charles Jarman, 23, of Daly City, found shot behind his cab a short distance from the Stine crime scene, with investigators noting similar circumstances.
A fire in a Grey Forest home in northwest Bexar County is blamed on faulty wiring, causing about 16000 dollars in damage. Firefighters from Helstes and Lean Valley units battled the blaze for about two hours as occupant Richard Sciarafia was away at the time, around 4 p.m. Chief Jack G Ramsey described the scene and the unit sale afterward.
Washington UPI reports President Nixon will submit his budget and the annual economic message to Congress on Monday. Press Secretary Ziegler said a news conference is likely Friday night and would be broadcast nationally on radio and television.
Under cover agents of the Texas Department of Public Safety searched Houston for 3 persons charged with sale of narcotics and dangerous drugs. They escaped a weekend raid by DPS agents local police and sheriff deputies who arrested 23 others. All 58 had been named or sealed complaints accusing them of selling drugs to DPS officers.
Washington economist Dr Walter Heller, Kennedy and Johnson era chair of the Council of Economic Advisers, urged a 5 percent tax hike to curb inflation and fund government programs. He warned political odds are slim and proposed an independent price-watch agency. Nixon officials should focus on national interests over self‑interest of business and labor.
President Nixon announced plans to elevate Charles D. Duker to assistant secretary of transportation for policy and international affairs. Baker, 41, currently deputy secretary, would succeed Paul Cherington after Senate confirmation and receive about 38,000 dollars annually.
Fort Worth Livestock market notes show cattle and calves traded with varying prices. Reported figures include steers calves heifers and sows with multiple lots and price ranges from 2.9 to 36.1 per unit. Buyers and sellers exchanged bids amid mixed demand and local market conditions.
Land condemnations for widening State Highway 16 and Rosa Verde project redevelopment were settled in Bexar County Court. John T. Flore small-tract take and $9,135 value dispute were resolved after a three member commission. Leong Chinese Merchants Association received $50,000 for its clubhouse from the San Antonio Urban Renewal Agency after negotiations.
Joseph Patlard, 34, of 317 Olive, began a life sentence Monday for a fatal shooting on March 16, 1963, that killed Stanley Sanders, 21, at Dakota and Hackberry streets. Judge A. A. Seaan set the term retroactive to March 17, the arrest date.
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