Hampden Sydney College - Kaleidoscope Yearbook (Hampden Sydney, VA)

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IOHN R. STEWART assistant professor of Economics A.B. University oi North Carolina 1966. joined faculty in 1970. BD Communists 5 would return. vo points along :se border, and d to have fled, ts indicated the ted a half-mile :ive operation ietnamese and It was believed South Vietnam :ht ships carry- reached Phnom Nordum Sihan- 'er in Cambodia :apture Phnom .e capital say L, itself, is se- proposed send- ieeping helicop- : choppers had :cong claim, or rash site, as the I TOUR for this pidou. icisely where or ut he described icating a swing ls. I-Ie also said resident Pompi- European trip, be in Washing- ill-as in talks and West Ger- e President is ing NATO and .de relations. fed he was 'in- Jn to U.S. re- .at American rom Vietnam. ED Leba.non's bombing. owned refinery Saturday, halt- Trans-Arabian tours after the ionary Guard aid. But Pales- l l N ew and U nfilled Orders XM . - - IILNMIOFW-Ill! N . .of imriiiso ojoens Y 1 70g i ' wi NEW onozns l ,1N!fl, - X I I 3 we-xfkv gl, NEW ORDERS received by manufacturers in February rose to 370.8 billion from 369.8 billion the preceding month. The orders back- log increased to 388.6 billion from 586.8 billion in January. Technology I s Bringing Vest C hen ges to Lives Of Canadian Eskiinos it I! -il! Along lVith New Conveniences Come Cultural Shock, Loss Of Ancient Ethnic Traditions W Q? By JILL INIILLIKIN' Staff Reporter of THE XVALL STREET JOURNAL TUKTOYAKTUK, Northwest Territories- The magenta sky of the midday Arctic twilight stains the snow a delicate shade of pink as the heavily built Eskimo, carrying a sealskin he hopes to sell, ambles into the Hudson's Bay Store. A few minutes later he emerges into the wind-whipped cold, not with cash, but with a S20 credit on his account-which he can use to buy frozen T-bone steaks, thermal underwear or snowmobile batteries. Speaking through an interpreter, Old Man Wo1kie, as the 68-year- old Eskimo is known here, remarks that he is pleased with such modern conveniences. But he also admits that he is troubled. For along with the T-bones and the underwear have come roaring airplanes, booming-seismic tests and clattering oil rigs. The noise, he says, has driven away much of the area's wildlife and, consequently, the livelihoods of many of the people who live in this remote village, 200 miles inside the Arctic Circle where the frozen Mackenzie River meets the Beaufort Sea. Precarious Balance Old Man Wolkie's attitudes reflect the di- lemma of many of Canada's 17,000 Esklmos as they balance precariously between urbanized The Outlook Appraisal of Current Trends In Business and Finance The inflation that grips the American economy appears far more pervasive than has generally been realized. With housewives boycotting the red-meat counter and Washington officials es- pousing the nutritional benefits of cheese, there has been a tendency to as- sume that, if only the price of this and that product can be brought under rea- sonable control, the worst of our infla- tion difficulties will be behind us. This line of reasoning may prove overly op- timistic. The pervasiveness of today's inflation is such that quickie remedies are unlikely to have a major, lasting influence. The magnitude of the price spiral can be glimpsed in some recent reports. Prices within the wholesale category that covers food and animal feed-up at an annual rate of 56175 last month-grab headlines. But prices of all sorts of other items, from lumber to metal cans, have very recently begun to climb sharply as well. In March, on an annual basis, wholesale prices of the huge industrial-goods category rose nearly ISQ. This signifies a distressing change from ear- lier months. In January, prices of food-feed items jumped 35611 on an annual basis and, in December, prices of such products leaped 62W annually. Put prices of industrial products re- mained relatively flat in those months. They rose at an annual rate of 3.6175 in January and only 1.2M in December. Today's inflation now clearly reflects both the main sorts of price pressure-the demand-pull pressure that forces pl'1CGS higher in response to booming demand for goods and services, and the cost-push pressure that forces prices higher in re- sponse to rapidly rising expenses, mainly labor costs. Evidence of mounting demand-pull pressure appears, among other places, in a recent sur- vey of buying agents for large corporations. The survey, which covers March, found short- ages in 17 product categories, including such key areas as steel, fuels tparticularly oil, pro- pane and natural gasl, lumber and engines. The report described the price situation as alarming and noted strong concern among the buyers over shortages and allocations, po- tential labor disruption, out-of-sight lead times and a troublesome railroad boxcar shortage. Those polled applied such terms as skyrocket- ing and exploding to the curra-mt inflation. l l i l i The Return of Rosie I Blue-Collar Occupations Attract More Woineii, I Mainly for the Money Civil Rights Act of 1964, Shortage of Labor Spur Employers to Hire Females A S5700-a-Month Mechanic By MICHAEL JETT Stajj' Reporter of THE XVALL STREET JOURNAL Rosie is back. When American men went off to World War II, their wives and sisters and mothers and grandmothers stepped onto production llnes to keep the factories humming. Rosie the Riv- eter became a popular song, and the nation's Rosies became heroines of the war effort. But the war ended, and Rosie quit her job and went back to running a home instead of a drill press. But women increasingly are returning to blue-collar jobs. Now, however, it isn't to sup- port any war effort. Nor is it to flex their rights and strike blows 'for women's liberation. Rather, it's for a more basic reason: money. Most of my friends are secretaries making about S300 a month, says 20-year-old Stella Barens. That's peanuts to me. Miss Barens works for Davidson Volkswagen in Lorain, Ohio, diagnosing auto ills and poking around greasy VW engines. She earns S700 a month. In Cleveland, Edith Newsome became a production-line worker two years ago for Re- public Steel Co. She helps process big steel slabs at the end of the line, and she earns 54.11 an hour. That's considerably better than the 32.85 an hour she made as a sweeper in the company's cold-rolled sheet department. And it's more than most clerks and secretaries at Republic earn. Mary Hilton, deputy director of the women's bureau of the U.S. Department of Labor, pre- dicts a dramatic rise in such employment in the next three to five years. There are several reasons. More employers are living up to the spirit of the Civil Rights Act of 1964, which re- quires that men and women be given equal consideration, and to the Equal Pay Act of 1963, which requires equal pay for equal work. Also many employers have been pinched for skilled labor and are discovering that women can do the jobs as well-and at times better-M than men.

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X WILLIAM R. HENDLEY associate professor of Economics B.A. Yale University 19565 Ph.D. Duke University 1959. joined faculty in 1970. DALE E. SWAN assistant professor of Economics B.S. Ithaca College 1962g Ph.D. University of North Carolina 1972. joined faculty in 1968. ECONOMICS hat's News- aie as 0 qs an ne ui Business and Finance HE U.S. ECONOMY grew at an unexpectedly swift 1492: annual rate in the first quarter, according to government statistics due to be re- leased this week. About half of that was accounted for by a surge in the gross national product's price index. The expected report indicates a dan- gerous overheating of the economy. lStory on Pagigl il? dll' Clean-air proposals due for publica- tion this week indicate the Environ- mental Protection Agency is pushing ahead with plans to control complex pollution sources such as shopping cen- ters, sports facilities and highway in- tersections. Its initial notice jarred the White House and local backers of met- ropolitan-area growth. tStory on Page 27 an is in U.S.-make new-car sales climbed 23fb in early April to a record 241,974 units, exceeding some analysts' expec- tations. Gains of 28.756 were posted by General Motors, 11.4f2v by.Ford, 2.1922 by Chrysler and 10996 by American Motors, with some effects of sales con- tests cited. lStory on Page 21 I I l Price rollbacks totaling about S96 million were ordered on auto parts and accessories as a result of an Internal Revenue Service survey, the Cost of Living Council said. Of 25,000 dealers checked, 4,101 for Ford and 4,867 for General Motors were found in violation of economic stabilization rules lStory on Page 21 U I 1 Net-capital rules proposed by the Securities and Exchange Commission for uniform application to all broker- age firms are too tough in places, agency aides agreed with industry con- tensions. An expected revision would ease parts about federal securities, commercial paper and market-mak- ers' capital for over-the-counter stocks. tstory on Page 7l World-Wie SAIGON TROOPS ENGA in Cambodia.: Sihanouk said Fighting was reported at the Cambodian-South Vietna hundreds of refugees were 4 into South Vietnam. Field rel South Vietnamese had pene' into Cambodia in a. def: aimed at repulsing North Cambodian Communist troop the Saigon troops returned after the foray. Meanwhile, ing war materiel, fuel and fon Pehn. In Peking, exiled Pri.n ouk said he would .return to p as soon as the Communist: Penh. But military experts in it's unlikely that Phnom Pi riously threatened. Canadian peace supervise ing survivors of downed pea ters to determine whether strayed off course, as the X were moved from the origina U.S. charges. ll M 4 NIXON PLANS EUROPE fall and earlier talks with Po The President didn't say 3 when he would be traveling. the trip as a grand tour, ' through major European cap he would meet with French dou before embarking on tl and indicated the talks might ton. During his travels this with Italy's President Andre' many's Chancellor Brandt- expected to discuss strengtf the future of U.S.-European Nixon's disclosures sugg crensingly turning his atte lations with Europe now forces have been withdrau -if an I PALESTINIANS REJEH claim Isreal wa.sn't involved Two oil tanks at the U south of Beirut were blown ing pumping along the 760-n pipeline for one day. Withi blast, the Lebanese Rev- claimed responsibility for tln

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Thirty , - 1 X ,4 r r IOHN B. BUTCHER asslstant professor ot chemrstry B S Georgia Tech 1967 Ph D Georgla Tech 1965 loaned fac ulty in 1968 BEVERLY CALVIN BASS nnstructor rn chernlstry AB Maryville College 1931 M A Unlverstty of Tennessee 1939. loaned faculty In 1961