Oil Stocks Slump Amid Market Shocks and Policy Shifts
Oil issues faced a severe price setback with 1969 political risks and overseas expropriation threats weighing on Gulf Oil and others. Tax reform cuts the depletion allowance and import quota revisions threaten global supply. Domestic retail trends push toward huge discount stores as grocers chase profits through diversification and pricing strategies.
MENTIONED IN THIS ARTICLE
Bolivia
Gulf Oil
Gulf
Libya
Nigeria
Middle East
Newlyweds in Hotel LeGrand Ice Follies Texas Premiere
The Ice Follies present The Newlyweds in a Hotel LeGrand production number as part of their Texas premiere engagement at Abilene's Taylor County Coliseum from February 4 to 8.
MENTIONED IN THIS ARTICLE
Dian
Hotel LeGrand
Texas
Abilene
Taylor County
Coliseum
Sears
Sayles
Thornton’s
4Th
Oak
ICE Follies
P.O
Supermarket Chains Eye 1970 Sales and Earnings Rise
Leading chains seek higher sales and earnings in 1970 as labor agreements signed in 1968 lock in three year terms. Profits dip mainly in year one, with smaller cost impacts in years two and three. Wholesale price gains may ease in 1970, but price cuts unlikely to reach consumers. firms may use savings to stay competitive.
Babson backs Kroger Pueblo Weis in inflation era picks
Babson research staff remains optimistic about supermarkets amid inflation. They commend Kroger Company at about 28 with a 36 ceiling, Pueblo Super Markets around 22 with a 25 ceiling, and Weis Markets near 35 with an 38 ceiling.
MENTIONED IN THIS ARTICLE
Babson’s
Kroger Company
Pueblo
Nyse
Weis
Tax Man Sam Sez Red Themed Tax Forms Signal Stop
The article explains the red ink on form 1040 is a stop sign urging taxpayers to review instructions and correct errors. It notes that the patriotic colors aid human reviewers but computers issue notices regardless of color, making accuracy essential.
MENTIONED IN THIS ARTICLE
Internal Revenue
Texas February draft call details and quotas
Col Morris S Schwartz says no man will be ordered for induction with a random sequence above 60. February quota rises by 573 from January and will be filled January 16 to 30 with sequence numbers not exceeding 30. The February pre induction physical and mental exam quota is 9 359 up from 5 800. The 1970 random sequence group precedes those born in 1951. National February call totals 19 000.
MENTIONED IN THIS ARTICLE
Texas
Col. Morris S. Schwartz
State Selective Service
Philosophers cite paradox on giving and keeping
A saying attributed to ancient oriental philosophers notes that what is given remains possessed, what is spent becomes a possession, and what is kept is lost, reflecting on value and attachment.
Aim in Life Found Within the Heart
A maxim on life’s purpose asserts true fortune lies not in distant lands but in the heart’s own yearnings and direction. The quote emphasizes inner discovery as the source of fulfillment.
Desperado Loses and Wins Back Cash at Rigged Wheel
A desperado gambles $300,000 at a rigged roulette wheel in Paramount Pictures ACE HIGH starring Eli Wallach. The color film shows Friday and Saturday at the State Theatre.
MENTIONED IN THIS ARTICLE
Desperado
Terence Hill
Paramount Pictures
Eli Wallach
State Theatre
Ace High uses Teotihuacan ruins as western backdrop
The Paramount Pictures western Ace High uses Teotihuacan pyramids dating before 1000 A D as dramatic background scenes. Director Giuseppe Colizzi chose the Mexican site after a Central America journey, saying the setting mirrors frontier wanderers and breaks prairie monotony.
MENTIONED IN THIS ARTICLE
Mexico
Paramount Picture
State Theatre
Guiseppe Colizzi
Central America
Candy stars in wild character roles at State Theatre
Sunday and Monday showings present Richard Burton as McPhisto the libertine poet and Marlon Brando as Grindi the Guru with Indian robes. Walter Matthau plays General Smight, James Coburn Dr Krankelt, Beatle Ringo Starr Emmanuel, Charles Aznavour the Hunchback, Eva Aulin stars in Candy in a Cinerama release.
MENTIONED IN THIS ARTICLE
Richard Burton
McPhisto
Marlon Brando
Grindi
Guru
Walter Matthau
General Smight
Sweden
Eva Aulin
Robert Hagging
Peter Zoref
Selmar Pictures Corp
Cinerama Releasing Corporation
Quote on self love and infallibility
The excerpt warns that those who never retract their opinions love themselves more than truth and that loving oneself eliminates rivals, suggesting self admiration obscures objective judgment.
1969 Federal Tax Guide Now Available
The IRS distributes a 160 page booklet titled Your Federal Income Tax Publication 17 in Texas offices. District Director Ellis Campbell notes the guide uses plain language with many examples and includes a sample Form 1040 keyed to its pages for easy reference. It assists taxpayers with unusual or new tax problems.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Texas
Ellis Campbell
Internal Revenue
Campbell
City of Winters Seeks Oil and Gas Bids for Airport and Sewer Farm
City of Winters invites sealed bids for oil and gas leasing of two city parcels in Runnels County. One tract is 121.9 acres the other 31.46 acres, including the Sewer Farm and Winters Municipal Airport. Bids due February 2 1970 by 5 PM at City Hall. The city may reject any or all bids.
MENTIONED IN THIS ARTICLE
Winters
Runnels County
South Main Street
Texas
City
Winters Municipal
City Hall
Oil Production Held Steady at 68 Percent Allowable
The Railroad Commission set February’s statewide oil allowable at 68 percent of potential, the month’s high since 1953. The figure matches taxable income, with deductions included. A booklet from the U.S. Printing Office explains the tax index and problem solutions, priced at 60 cents. January production caps at 3,732,919 barrels daily, with actual production at 3,250,500. Ten major buyers endorsed the same factor, four favored a lower need, and big buyers proposed a 3,226,192 barrel daily allocation.
MENTIONED IN THIS ARTICLE
Railroad Commission
Superintendent of Documents
U. S. Government Printing Office
Washington, D. C
Experience Is a Hard Teacher Test First Lesson Afterward
A proverb notes that experience acts as a severe teacher by presenting the test before offering the lesson. It emphasizes learning comes from facing consequences and reflecting after outcomes.
If you are wrong you cannot afford to argue
The line questions the value of arguing when certainty exists, suggesting restraint and practical action over dispute. It emphasizes prudence in handling error versus confidence and implies that argument is costly when truth is not in doubt.
Also Mentioned on This Page
Babson’s Reports
Air Frontiers
Alaskan
North Slope
Indonesia
Alaska
Winters Enterprise
Spill Bros. CO
Winters, Texas
BEL Air
Chevrolet
COMET
Waddell Chevrolet Co
Winters,Texas
Maureen Walker
Bradford
Ontario
Dick Shaw
Toronto
Shipstad and
Johnson
Sam Sez
Fasamith
WTU
Insurance Agency
Runnels County Farm Bureau
Shipstads CS Johnson Follies
International
Taylor County Coliseum
West Texas Utilities
Jet
West Ae Utilities and
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