06 Apr 1978
Page 1
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Newspaper
Snyder Daily News
Location
Snyder, Texas, United States of America
Date
Apr 06, 1978
Page
1
The dollar fell from record highs on the Tokyo foreign exchange market closing at 218.975 yen, after opening at 218.10 and dipping to 218.00 the day’s low. Oil importers’ steady buying lifted it to 219.00, with spot turnover about 348 million dollars and forward and swap trades near 806 million.
Ruth Weathers reports scissortails sighted on April 3 in Borden County signaling spring. Mesquite trees budding and old mesquites leafing hint at frost-free danger for fruit trees, despite warnings of a cold cycle. Old weather anecdotes and quirky quotes follow, ending with Wacil McNair’s cactus patch philosophy.
Petitions filed with Scurry County Clerk demand a Snyder liquor election proposing off premise alcohol sales within the city limits. Organizers claim about 760 names. 563 valid signatures needed, 35 percent of last general governor vote. Court action must occur within 30 days, with election set 30 to 60 days after approval.
The Labor Department reports March wholesale prices up 0.6 percent, easing the potential annual inflation to just over 7 percent. Food prices rose 0.8 percent in March after January and February jumps, while consumer prices climbed 1.4 percent in the year's first two months. Producers say price changes often pass to shoppers, with farmers seeing a 4 percent rise by mid-March and anticipated consumer food inflation of 6 to 8 percent for the year.
Washington AP reports President Carter acknowledges the government contributes to inflation and many agree the problem is recognized, but a concrete remedy remains elusive as Carter continues to search for an effective solution.
High School students from seven schools in UIL District 3-AAA begin competition at Western Texas College with events in debates and a full slate of literary and speech contests. Finals for debate are set today at 3 p.m. and Saturday brings prose, ready writing, science, shorthand, and many more events across the meet.
Sunny in his special message to Congress on January 20 argues the government must set an example to curb inflation by moderating its own actions on prices. Yet recent steps such as a higher minimum wage, higher Social Security taxes, a large deficit, and farm aid risk inflating prices.
The Snyder forecast shows a high of 86 and a low of 45 today with 7 am reading at 48. no precipitation and year-to-date rainfall at 1.85 inches. West Texas remains sunny, with fair tonight and partly cloudy conditions Friday, slightly warmer tonight. the passage also notes Carter plans a major inflation policy statement next week including new government actions.
Senate Finance Committee chairmen oppose financing a Social Security payroll tax reduction with income tax revenues. Rep Giaimo proposes a 7.5 billion payroll tax cut as part of a 20 billion tax cut with 5 billion from income taxes. House caucus backs financing with general revenues but not the specifics. Also: City plans Dog Registration and Vaccination Day on Saturday at the county livestock building with free tags and paid vaccinations.
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