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Newspaper
Winters Enterprise
Location
Winters, Texas, United States of America
Date
Nov 12, 1971
Page
3
Babson's Reports notes bank stocks rose since mid August after the Nixon plan but remain below spring peaks. Third quarter results were mixed though generally better than the prior period. Funds costs squeeze profits with loan losses and slow loan demand weighing on earnings. 1971 Q4 may be flat, but the new program could lift earnings next year.
The article explains Phase I wage price controls excluded interest rates and Phase II offers no binding rate limits. Banks like First National City and Irving Trust tie their prime rate to commercial paper to reduce political pressure and create a floating prime. This experimental system aims for quicker adjustment to costs and demand, smoother earnings, and industry wide adoption.
Power mowers hedge clippers lawn edgers sweepers and similar items need proper maintenance to stay useful. Manufacturer instructions cover starting usage lubrication and adjustment guidelines to ensure safe efficient operation.
Babson Reports Research Department recommends American Fletcher Citizens and Southern National Western Bancorporation as banks poised to gain in 1972. The note cites improving economy, lower auto tax, higher exemptions, and stronger loan demand driving earnings growth.
Health officials report a steady drop in mercury in Lavaca Bay oysters since 1968 and reopen much of the bay to harvesting. Blue Crabs from Lavaca Bay remain unsafe for human consumption while oyster beds in approved areas are considered safe. A Detroit study suggests environmental mercury has decreased since 1913 due to less coal burning.
H D Agent highlights canned pears as versatile, preserving fresh flavor for meals and desserts. The piece promotes Pearadise Coffee Cake with pear halves and a spiced topping, plus serving ideas pairing pears with meat and poultry, cranberry relish, and festive sauces.
If your car stalls on a dark road at night due to a flat tire empty gas tank or dead battery stretch a long sheet of aluminum foil along the back and side of the vehicle near the road. Secure the foil by closing doors or windows on it to reflect headlights from oncoming cars and improve visibility.
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