Banner Graphic, Greencastle, Putnam County, 28 December 1974 — Page 8

4

•A THE PUTNAM COUNTY BANNER-GRAPHIC, SATURDAY, DECEMBER 2*, 1974

Record number of unemployment

WASHINGTON (AP) - A record level of new claims for unemployment benefits drove the government’s indicators of future trends in the economy down for the fourth consecutive month in November, the Commerce Department said today. And at the same time, the Commerce Department reported that higher sugar prices helped put the nation’s trade balance back to the negative side of the ledger after one month of advance. The United States imports much of its sugar. The over-all decline in the Indbx of Leading Indicator*, designed to foreshadow fiiture trends in the economy, was 1.5 per cent in November. That made the drop 7.3 per cent since July the steepest decline since a 9 per cent drop from December 1948 through April 1949. The index, which reflects developments in a dozen facets of the economy, indicated that shorter work weeks, higher unemployment, reduced business spending for productive expansion and slower activity in the building industry lie ahead. The number of new claims for unemployment benefits shot up 12 per cent during the month to a total Of 450,000, surpassing the record of 438,000 set in April 1958.

It was the sixth straight month of advance for the new claims figure, which comes out in advance of the unemployment statistics released later Flu bug on rise again ATLANTA, Ga. (AP) - The nation is experiencing a mild flu epidemic and deaths related to influenza are expected to rise slightly in the next two weeks, the Center for Disease Control reported today. However, Dr. Charles Hoke of the CDC said, “This should not be a serious year for influenza. We don’t have a large epidemic. So far the epidemic is mild and sporadic.” Hoke said CDC officials expect deaths related to influenza and pneumonia to increase this winter season by “50 or 100 above what we normally expect, which is about 470 deaths in the entire United States. “From past experience we expect these will be in very elderly or debilitated individuals,” he said. All the confirmed cases have been of the Type A-Port Chalmers variety, which is the type contained in the flu vaccine, Hoke said.

U. S. trying to hold beef imports

WASHINGTON (AP) - The government is trying to Convince other countries they should hold down beef shipments to U.S. markets next year in an effort to avoid stiff mandatory quotas Under a 1964 law designed to protect American cattlemen, Asst. Secretary of Agriculture Gay ton Yeutter said today. If voluntary agreements are not reached, the 1964 quota formula will go into effect automatically and even less meat can enter the United States, said Yeutter, who oversees international affairs and domestic Commodity programs. The imports now represent about 7 per cent of the beef consumed in this country: Yeutter had no estimate on what such a hold-down would mean to U.S. retail prices.

After U.S. meat costs began skyrocketing in 1972, the U.S. government encouraged all-out foreign imports. The quota System has been suspended since mid-1972, but President Ford promised in a campaign speech at Sioux City, Iowa, last fall that he would either enforce the Curbs in 1975 or negotiate voluntary restraints with the supplying countries. Yeutter said experts ih the Agriculture Department think that without voluntary curbs a record 1.4 billion pounds of foreign meat, mostly low-grade beef used for hamburger, will enter the United States In 1975. The move toward voluntary curbs represents “the general viewpoint of a good many people in the administration, including ourselves,” he added.

Yes There Will Be A New Year's Eve Dance Cloverdale American Legion 9:00 — ? Dec. 31 (74) "Life & Times"

Our Cafeteria Offers 9 For Breakfast Daily — Sausage Gravy & Biscuits Homemade Sweet Rolls For Lunch — (BEGINS AT 10:45 A.M.) And Dinner — (BEGINS AT 4:30 P.M.) 6 Entree's 10 or more Side Dishes 15 Delicious Salads SUNDAY - Chicken & Dumplings Always Fried Chicken - Always Roast Beef We Bake 12 Kinds of Pies & Cobblers Daily Old National Trail House 1-70 at 231 Cloverdale Across from Holiday Inn

in the month by the Labor Department. Of the eight factors in the Index for which figures were available in its preliminary report, the Commerce Department said five others besides unemployment claims showed a downward trend in the economy. they included a shorter average work week, a 3 per cent decline in new orders for durable goods, a 3.4 per cent decline in spending on factories and equipment, lower industrial materials prices and fewer new building permits.

The only increases were in stock prices and the ratio of the selling price of products to the cost of labor involved in making them. The nation’s trade balance dropped to a $113-million deficit in November, the department said. In October, the balance showed a $29.4 million surplus, the only surplus in the last seven months. Over-all, the trade balance shows a $2.43 billion deficit so far this year, compared to a $768-million surplus at this time last year.

Obituaries

Vern Sigler Vern Sigler, 80, well known resident of Morton, died Saturday morning at the Sunset Manor Nursing Home. A retired farmer, he was born in Clinton Township on October 30,1894, the son of Walter and Millie Neggent Sigler. He was married to Ona Thomas on October 26, 1926. The deceased was a member of the Morton Masonic Lodge and the Union Chapel Methodist Church. Survivors include his wife, Ona, and a sister, Mrs. Hazel Sutherlin of Russellville. Services will be held Tuesday at 2 p.m. at the Union Chapel Church with burial in the Union Chapel Cemetery. Friends may call at the Rector Funeral Home

from 7 to 9 Sunday and 2 to 4 and 7 to 9 Monday. Raymond Lady Raymond R. Lady, Greencastle, died Friday afternoon in the Putnam County Hospital. He is survived by two sons, James, Largo, Florida, Chesley, United States Air Force, and a daughter, Ida Mae Simmerman, Greencastle. Arrangements are in charge of the Hopkins Funeral Home. Alva F. Williams Mrs. Alva F. Williams, of Bainbridge, died Friday evening at the Sunset Manor Nursing Home. The Hopkins Funeral Home is in charge of arrangements.

John Bergen, Postmaster announced today that contracts for repair to the Greencastle Post Office has been awarded to the Arthur Painting Co. of Akron, Ohio. The repairs in-

clude stone work, reroofing, plaster repair, sheet metal work and interior painting. The bid of $53,874 was the lowest of four bids received.

Wayne Branneman etux. warranty deed, land in Cloverdale Township. Albert Keil etux to Greencastle Federal Savings & Loan, warranty

For the record Real Estate Transfers Donald A Phillips etux to deed, acreage in Franklin

Township.

American Central Corporation to Phillip E. Holmes etux warranty deed lot 578 in Jefferson

Valley.

Marriage License Charles Henry Gilman, Systems Analyst, Sarasota, Florida, and Jerretta Lou Summers, secretary, Bainbridge. Circuit Court Manford Graver vs. George W. Priest, complaint in replevin. Greencastle Police Jerry R. Sillery, 19, Box 135, Fillmore, Route 1, was arrested by Greencastle police at 2:43 Friday morning. Sillery was stopped on Ind. 240 and ticketed for violation of the muffler

law.

Putnam County Hospital Dismissed Thursday: Dorothy Plessinger Loretta Stark

Tourney— Continued from page 1

pionship, and North Putnam took the Reserve encounter, 34-

29.

In the previous year’s tourney, a two-night affair, North Putnam slipped past “outsider” Evansville Reitz 7876, and Bloomfield took the Consolation match-up, 63-53 over Greencastle. The concept of including reserve teams in a holiday tournament (relatively rare in this state) evolved from county coaches’ and A.D.’s feelings that each county school would be represented the first night of the event; attracting a larger fan following, and that it would give reserve hoopst?rs a chance to play before a large

audience.

pression cannot be over-

estimated,” IPI said.

Press forced to fight for life

ZURICH, Switzerland (AP) “The press is now engaged in a fight for survival. It can no longer afford to lose ground,” the International Press

In-

stitute—IPI—said today in

its

annual report on freedom of the press. IPI, which represents 2,000 editors and publishers in 67 countries, said rising costs, increased competition and acute industrial conflicts have pushed the world’s free press to the brink of disaster. The report, signed by IPI Director Ernest Mayer of Switzerland, said, “Governments, parliaments and citizens must be warned that far more is at stake than the well-being of a few publishers and journalists.” IPI said that because of its economic plight the press is no longer able to control the trend towards concentration and thus towards an information monopoly. “The professional and moral standard of the world press as a whole is higher than ever before, but the reality of the dan gers threatening freedom of ex-

Angus breeders schedule A series of five meetings designed to help registered Angus breeders do a better Job with production records, merchandising and advertising is slated across Indiana from January 6-10, Dale Baird, regional manager for the American Angus Association reports. The schedule has been designed to make these events convenient for cattlemen throughout the state. The first four meetings will begin at 6:30 p.m., the last will start at 1:00 p.m. and all will run for three hours. The dates and locations are: January C, ScottsbUrg, Ramada Inn (1-65); January 7, Washington, Washington High School; January 8, Indianapolis, Holiday Inn (1-70) East); January 9, Columbia City, Community Building; and January 10, Valparaiso, Production Credit Building. In charge of the production records portion of the program will be Fred C. Francis, director of breed improvement for the American Angus Association . He will discuss the Angus Herd Improvement Records program (A.H.I.R.) and the relatively new National Angus Sire Evaluation program. Following his presentation, there will be a session for questions and answers. One of the weakest parts of most registered beef cattle breeder’s management plan is advertising and merchandising. This subject will be discussed in deatil at each meeting by a representative of the American Angus Association’s public relations' department. A special illustrated presentation will include how to design a successful ad and how to budget for advertising. A final area of discussion will be “A Cowman’s Look at Merchandising” presented by Jerry Morrow, director of regional managers for the American Angus Association. This period of time will be spent in acquainting breeders with the national programs and activities of the American Angus Association and offer them the opportunity to voice their opinions

In memory In loving memory of our Mom, Grannie and wife Alberta Hacker who passed away Dec. 28, 1968. Our family circle has been broken Our link gone from our chain, But though we’re parted for a while, We know well meet again. Sadly missed by Her Family.

Beg your pardon Due to a typographical error, the name of a surviving brother of Bedford Henry O’Neal, former resident of Greencastle who died in California Christmas Day, was misspelled. The brother was Willis O’Neal not Illis as reported. We regret the error.

m m m M s-s 8 i s s I i »>. I Si: & m I I I SS M w

Brazil Eagles Lodge New Year's Eve Dance & Party OPEN HOUSE

9:30

7 9

music by: 3M's

(with new electronic sounds)

Hats & Noise Makers Available

Cover Charge Per Person

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