Banner Graphic, Volume 5, Number 327, Greencastle, Putnam County, 26 March 1975 — Page 7

y ' - f> i 111', | m

Presenting Putnam County Saturday, May 3 in the Central Indiana Spelling Bee at Arlington High School in Indianapolis will be these four finalists selected Tuesday evening at Eidpath Elementary School in Greencastle. Winning the county spelling bee with the word glandular was Tamara Burkett from Greencastle

Ford decides not to re-establish office of Science and Technology

WASHINGTON (AP) - President Ford has decided not to re-estabiish the White House Office of Science and Technology dismantled by President Richard M. Nixon. An aide said Ford instead is leaning toward the idea of creating a small board of science advisers, possibly con-

Auto Sales remain low

By G.G. LaBELLE Associated Press Writer The American consumer apparently still is hesitant about buying a new house and a new car to park out front. Major auto makers reported Tuesday that sales for midMarch remained below last year’s levels, and figures from the Federal Home Loan Bank Board showed more mortgage money available but potential home buyers still waiting to see which way the economy is going before buying. The figures also showed home mortgate rates, headed down recently, mav be leveling off. Railroads were granted a long-sought freight increase, meanwhile, and the stock market had its first up day in a week despite an early drop resulting from uncertainty over possible repercussions from the assassination of Saudi Arabian King Faisal. On the mortgage front, the Federal Home Loan Bank Board reported deposits were up over withdrawals at savings

Fire Academy Hoosiersite

INDIANAPOLIS (AP) - Taking a lesson from the lobbyists he meets nearly every day, Sen. Birch Bayh, D-Ind., is urging U.S. Commerce Department officials to select an Indianapolis site for the $9 million National Fire Academy. Bayh wrote to Commerce Secretary Frederick B. Dent and Dr. Jospeh Clark, acting adminstrator of the Commerce Department’s national fire prevention and control administration, asking they choose a site in Indianapolis. Bayh said in a release from his Indianapolis office that he also has contacted members of the Indiana legislature and urged them to pass a resolution encourging the Commerce Department to locate the academy here. He said he also has written Gov. Otis R. Bowen and Mayor Richard G. Lugar asking their assistance in bringing the academy to Indiana. ’ In his letter to the secretary, Bayh said: —lndianapolis is centrally located, served by a major airport and easily accessible by interstate highways. site near Ft. Benjamin

Spelling Bee winners

sisting of three consultants. Ford has been requested byseveral scientific associations and some well-known individual scientists to bring back the office, which was created by President Dwight D. Eisenhower after Russia launched its first satellite. The office had been directed

and loans at a higher rate last month than in January and only slightly below the records of January 1972 and 1973. Scarcity of money for home loans last summer and fall was a primary factor in the housing slump. Despite the fresh supply of lendable money, the bank board’s monthly report showed volume of loans for February, at sl.l billion, still $2Ol million below a year ago, though up $122 million over January. The indication of a firming up in home mortgate rates came from the Federal National Mortgage Association, which provides the closest thing to a national barometer of home loan rate trends. Its latest figures showed rates up for the first time since September. For federally insured loans the average rate was 8.847 per cent, compared to a 8.781 per cent rate two weeks ago. For loans insured conventionally, the average rate was 8.997, compared to 8.962 per cent two weeks earlier. The association’s figures also indicated, however, that lend-

Harrison would provide a buffer area which is insulated from highways and residences and could draw upon a large supply of water. —The new convention center in Indianapolis has facilities for conventions or other gatherings of fire fighters from across the nation. —' The Indianapolis campus could provide assistance in a fire prevention and control program . ■

NOW OPEN Vehicles Unlimited USED CARS & TRUCKS TO SUIT ALL YOUR NEEDS. Robert Smiley & Norman Clemons, owners Come Down & Get Acquainted 1205 S. Bloomington St. 653-8930 "If we don't have it tell us what you want"

Junior High, second from left. The other finalists are, from left, David Albin from Northeast Elementary, second runner-up; Mike Burtner from Roachdale Elementary, first runner-up, and Barbara Wells from Cloverdale Junior High. (Banner-Graphic Photo by Michele Durbin)

by the president’s official science adviser and had a 50member staff. The office advised presidents on science-re-lated issues ranging from energy to food. Nixon dismantled the office in what was officially described as a move to save money and

ers are at least preparing for a heavier loan volume in the months ahead. Meanwhile, the nation’s major automakers said midMarch sales were 29 per cent below a year ago. The year earlier sales were relatively good due to promotions aimed at overcoming consumer fears of gas shortages, but the latest

YOUR KIND OF BANK* M O 2 I—ll*1 —— S « rMIH h * b LBuLIJH 5 ffflp I igflO/ X m k i b Now Six Savings ,2 Plans from ... O S o MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION XHNVfI JO QNIM anOA

reduce the bureaucracy. Vice President Nelson A. Rockefeller, who was assigned by the President last December to look into the question of reinstating a White House science advisory body, recently came up with a list of possible options.

figures were still the lowest in 14 years. The sales rate in mid-March was up 12 per cent from early March, the first period since rebates of up to S6OO were stopped at all the companies but Chrysler Corp. In recent years, however, mid-March sales have been up an average 30 per cent

Farm bill faces challenge

WASHINGTON (AP) - The emergency farm aid bill faces a Senate challenge from those who question whether the government should boost support for tobacco growers while spending other money to discourage smoking. The measure, scheduled for debate today with a vote expected in the late afternoon, would establish parity for to-

shirt closeout! j «_,_o $t I Odl6 nfor u mij IJpj? y 1 M I [ Originally sold in JCPenney stores for |J4y "■ p \ $lO to sl2, Fall 1974. Fancy patterns in ■ * *• | Men’s better \ 11 I dress slacks btPU tWr \ 1 1 closeout! V\ \| Sale 5 pair l| : I |pk Men’s , ||4 neckwear 1 Men’s I liW closeout! y/p hosiery I Kilos AAr !f i special I |Msale99 C l/ F- 4 99 Originally sold in wpair I I JCPenney stores Orion cushion sole casual | for 3.50, Fall 1974. hosiery. Choose from many I far^ e g om^ ash ’ fashion colors. One size fits I

STORE HOURS: Mon.-Sat. 9-5 Fri. 9-8

bacco at 70 per cent, up from the current rate of about 60 per cent. Sen. Frank E. Moss, D-Utah, says he will attempt to lower the parity level because he finds government support for the tobacco industry inconsistent with other government programs aimed at discouraging smoking. An aide to Moss said Tues-

2 N. Jackson St. Greencastle

TV* PUTNAM COUNTY4ANN€*-G*APHtC, MAKCH 26/27/1975

day, “The government spends $1 million a year to educate the public on the hazards of smoking and then spends SSO million a year to help grow it.” He said the figures were those of the Agriculture Department. The higher tobacco supports were added Friday by the Senate Agriculture Committee to a

House-passed bill. The Senate panel also voted to raise the parity level for dairy products from 80 per cent • to 85 per cent, and to raise support levels for cotton producers. Parity is a price level set by the Agriculture Department at which a farmer should be able to make a profit on his product.

Shop Ponnoy's Catalog 653-3127