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Show Page 14-T- Prwo I'tah. HERALD HE Sunday. February 24. I960 Study- Says Oil Profits Hidden Firemen, City Still Argue in Chicago CHICAGO I L'PI an end to the ) WASHINGTON (UPI) Sens Edward and Howard Metzen-bauKennedy. DMass has released a Senate - What had beenfiremen's high hopes for strike Chicago disintegrated Saturday amid renewed haggling between the city and the union Union leaders delayed a vote on a proposed tentative agreement and requested a meeting with city officials to seek "clarification" of some issues. The city refused and ratification procedures for the proposed accord ground to a halt. The city recommended that Fire Fighters Union who joined in leaders ask city labor leaders of terms being the for clarification negotiations Efforts to arrange another meeting questioned between the city and the union continued but no meeting was scheduled - News in U.S. Metzenbaum has slated hearings to look into the issue of oil company profits and prices raised in the study The study concluded that "special accounting and tax devices have permitted the major integrated oil companies to Judiciary Committee study concluding that accounting and tai ploys masked some of the profits of the major oil companies. The senators said in a joint statement accompanying the study that the issue of vast oil company profitability during a time of inflation and general economic decline goes beyond the debate over the windfall tax. "It implicates the need for every sector of our economy to bear a fair cost of the burdens imposed during our economic recovery " the senators said. "At present, the major oil companies are profiting handsomely during this period of decline and indeed the full extent of their profitability has not been fully " significantly understate their profitability in comparison to other lndurtries.' It also rebutts leading oil industn arguments against the $227 billion windfall tax bill now emerging from a Senate-Hous- e conference committee Citing statistics from the Congressional Research Service, the study said the major companies will earn $254 3 billion between 1979 and 1984 even after the 75 percent windfall tax is imposed. Jy comparison it said net income of the largest industrial corporations amounted to only $61.5 billion in 1978 a year in which all U.S. corporate profits before taxes were only $202 6 billion - WASHINGTON (UPI) The United States believes there is "a substantial possibility" of a right-win- g coup d'etat in troubled El Salvador within the next few days, administration officials said Saturday. The officials said the U.S. Embassy in San - Air-for- El - - twin-engin- aboard, the Coast Guard reported. The plane broke into three pieces when it crashed in about four feet of water shortly after 11 a.m. The tail section stood up in the water for some time after impact before settling into the 12 46 - (UPI) Sunny skies Saturresidents of six Southern California counties a chance to dig out of mud and debris left by 10 days of rain that took at least 36 lives. Federal-stat- e disaster relief offices were to open Monday to begin accepting applications for assistance for those who were left homeless. LOS ANGELES rain-wea- ry - a teletype repair specialist, "for the convenience of the Marine Corps." Col. Art Brill at Marine Corps headquarters in Washington said Miss Finney, in the Marines for 6 fi A court of inquiry was ordered to investigate the cause of the crash, the spokesman said. been directed toward overcoming difficulties in connection with pneumonia," it said. By admitting the new complication in the president's falterirg health, officials appeared to indicate there was little hope the famed World War II leader of Yugoslavia's fight against Nazi Germany could continue his struggle for life much longer. 62 r his infant daughter and at least three other people. Official Beirut radio and the right-win- g Phalangist party radio reported at least eight killed, including Gemayel s only daughter. 4'i years, was discharged because the Marine Corps does not tolerate posing in the nude. "I think in the past 204 years the American people have set standards and I think there is no reason to believe those feelings have changed," Brill said. Miss Finney is featured with six other women in other branches of the services in a "salute" to the armed forces in the Playboy April edition which has already been mailed to subscribers. Playboy published five photos of Miss Finnev. She was fully clothed in four of them. I No limit on number of packages. 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This ad effective February 26 thru March J Ftnish-It-Yonrse- CCCt ; Pt?lr Damage in the six county area amounted to about $320 million dollars to private homes, hotels, hospitals roads hillsides, utility lines, levees and banks. Los Angeles Orange, Ventura Riverside, San Bernardino and San Diego counties were declared disaster areas by President Carter Thursday. Opening May 15th. visa ,?t . Cabinet Masters n MqCiO. TRAILERS 11 in The commercial flights. yy for your home or remodel job. new Modern convenience features and appliances at discount prices. Free estimates & design service are yours at s The FAA said the plane took off from Flying Cloud Airport outside Minneapolis and stopped at Palwaukee Airport in the Chicago suburb of Wheeling, 111., before heading to New Orleans. Lakefront, about 8 miles from downtown New Orleans, is a busy general aviation facility jutting out into Lake Pontchartrain and handling no FISHING 3-08- m m ' 1 uw water. OF NEPHI o HWY 132 (IN SALT CREEK CANYON) NEPHI total 3 charm miniatures sion. MILES EAST GRASSY SITES 23 color portraits 15 wallet size Initially there were two survivors. One died from injuries in the Agra Military Hospital. The other "is fighting for life at the military hospital " the spokesman said. The plane was on a paratrooper training mis- Marines Boot Out Woman 111., o ipies three 5x7 No Large Downpayment - Sears Portrait Studio rts portraits jump instructors and a crew of For Topless Pose TWENTYNINE PALMS, Calif. (UPI) Sgt. Bambi Lin Finney proved they don't make Leathernecks like they used to by posing for Playboy. The Marine Corps responded by discharging the young woman. It was disclosed that the Marines gave an honorable discharge to Sgt. Finney, of Grace Lake. Politics as always is also on the governors minds and there is widespread agreement that President Carter's increased popularity is largely due to events in Iran and Af ghanistan financial accounting methods are unrealistic at a time when the soaring value of oil and gas resources has bloated corporate income. four. Car Bombing in Beirut Kills 8 Persons BEIRUT, Lebanon (UPI) Assassins apparently trying to murder rightist militia chief Beshir Gemayel set off a powerful car bomb on a busy east Beirut street Saturday. They missed who was not in his car but killed Gemayel The National Governors Association formally opens its meeting today with international trade, other economic matters and hazardous waste disposal key agenda issues It said the Securities and Exchange Commission found that the industry s Die Sunny Skies Return to S. California day gave Reagan. two 8xl0's New Orleans Air Crash Kills 7 Persons e A NEW ORLEANS (UPI ) plane on final approach to New Orleans Lakefront Airport Saturday crashed in thick fog 300 yards short of the runway, lulling all seven persons - Salvador Tito Reportedly Now Has Pneumonia President BELGRADE, Yugoslavia (UPI) Josip Broz Tito, already being treated with an artifical kidney, also has pneumonia, the official medical bulletin on the leader said Saturday. "President Tito passed the last night peacefully," the bulletin said. "Intensive measures are being continued which in the past few days have particularly The study challenged oil industry- asser- tions that the measure of profitability should be returnlon equity, which would indicate the industry is no more profitable than the industrial sector. The Federal Trade Commission has estimated that oil companies could understate their profits by half by using only one of the accounting options they enjoy the study said. Salvador has warned rightists that the United States will cut off aid to El Salvador if the American-backe- d ruling junta is overthrown. "There is a substantial possibility of a coup move from rightists in El Salvador over the nexi few days " one official said. paratroopers, - WASHINGTON tl'PIi The nation s governors gathered Saturday for their annual winter meeting and a survey showed they do not think the New Hampshire primary will supply a quick verdict on the campaigns of Edward Kennedy or Ronald i India Air Force Plane Crashes An Indian NEW DELHI, India (UPI) plane carrying paratroopers caught fire on take off from an air base and crashed, killing 46 people a Defense Ministry spokesman said today. The crash occurred at the Indian Airforce base near Agra city 120 miles southeast of New Delhi at 9 p.m. Friday. The spokesman said the plane, a Fairchild 31 Packet, carried 47 military personnel The combined Gross National Product of all Africa was only $185 billion in 1978 and the Vietnam War blamed for fueling the inflation of the 1970s cost only $120 billion BEfiUTIPUl , QUflUTV CABIHETS Brief Sees Possible Coup in U.S. Governors Set for Meet CITY STATE ZIP PHONE . |