Oklahoma City Times (Oklahoma City, Okla.), Vol. 91, No. 184, Ed. 2 Monday, September 22, 1980 Page: 1 of 17
This newspaper is part of the collection entitled: The Oklahoma City Times and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
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Iran Parliament speaker renews demands
Iran airports bombed
At the same time, Iraq accused
Dreams turn sour
War news
nips Dow;
for land investors
1
DD
I
I
C
Cotton harvesting
•7
ahead of schedul
Convoy loads
nuke warhead?
snore RepoRT) ।
For openers
Gold prices
, Selected worid gold priees te-
Cleanup continues — Page 21
HP 124
$510.00,
GM stock
theft found
And inside ...
whCT’SINSIDe
handling of the incident remained a
“The only reason we knew about it
20c
FfB
MONTHA)
PAVMENT
Gov. Bill Clinton was touring the
(Please see MISSILE-Page 2)
"We did not see the hostages and
do not know how their health condi-
tion is," said one of the deputies to a
The prolonged dry spell has take:
a severe toll on the crop, Thoma
noted. Dryland cotton, which repre
sents roughly 80 percent of stat
"The recession has hit us, but in-
flation has hurt more. People who
move here are less affected by the
recession, and more by inflation."
"The Air Force didn't start the
evacuation. They didn't even tell
him when he should have done it."
"There may be some claims for
broken windows by a few people, but
to be honest, I don't think anybody
Bella Vista is one of six large "re-
tirement-vacation communities" in
Arkansas. It and others in Oklaho-
ma and neighboring states have at-
tracted thousands of Oklahoma
buyers since the concept began
flourishing in the mid-1960s.
The stated reason for the embassy
visit, according to reports from Teh-
ran, was to allow the deputies, who
are empowered to decide the fate of
Dow Jenes average.
Lesers load galners-
The mayor recalled a similar
communications problem between
the Air Force and residents in Janu-
ary 1978, when a leak developed as
highly-poisonous fuel was being de-
livered to the same missile site.
Thomas said the first cotton bales
were ginned in the Rocky area in
Washita County early last week.
Harvesting of picker varieties from
irrigated fields is now under way
throughout southwestern Oklahoma,
he said.
Moseley Hallgarten declined to
say what securities were taken, how
many were missing or who owned
them.
Harvesting of Oklahoma's drouth-
depleted 1980 cotton crop could be
nearly half-finished by first frost,
nearly twice the normal rate of
progress, an Oklahoma State Uni-
versity cotton specialist predicted
today.
NEW YORK (AP) — Authorities
are investigating the theft of an es-
timated $12 million in General Mo-
tors Corp. stock from the vault of a
Wall Street investment firm, the
Wall Street Journal reported today.
The theft, thought to have oc-
curred in early summer, may be the
largest securities heist ever, offi-
cials said.
New York City police and the Fed-
eral Bureau of Investigation report-
edly are investigating the possibili-
ty that the theft was an inside job at
Moseley, Hallgarten, Estabrook A
Weeden Inc.
Iran of escalating air, ground and
sea hostilities to a full-scale war
level and ordered its armed forces
to deal "deterrent blows to Iranian
military targets."
The statement was issued in
Baghdad by the ruling Revolution-
ary Command Council, signed by
President Saddam Hussein and
(Please see BOMBINGS—Page 2)
“The Air Force isn't telling us
anything and I don’t think they're
going to," Payne said.
Iraqi MiGs bombed seven airports
in Iran today, including Tehran's
Mehrabad facility, an Iranian revo-
lutionary guard commander said.
He added that “some of the MiGs ap-
parently were hit by Iranian war-
planes."
A thick column of smoke rose
from the Tehran airport area.
Payne predicted damages in-
curred by area residents would be
minimal.
"The attractiveness of resort
communities has paled,” said Don
Currin, Falconhead resident and
former salesman.
fate of the hostages," who spent
their 324th day in captivity today.
Rafsanjani said he delivered 27
letters from the hostages’ families,
which he ordered to be handed to
the captives, but he said 30 parlia-
mentary deputies who visited the
U.S. embassy in Tehran for three
hours today did not meet the Ameri-
cans.
The dream has now turned into a
nightmare for Wall, who can't sell
his wooded lot and is faced with in-
creased taxes and hundreds of dol-
lars in payments.
Wall and thousands of other Ok-
lahomans have been trapped by a
downturn in the economy that has
thrown parts of the retirement-va-
cation land business into a tailspin.
“It sounded like heaven on earth
when we first bought," said Wall, re-
tired Chilocco Indian School super-
intendent who now lives in Oklaho-
ma City.
"We're left holding a piece of
worthless land we can't get rid of
and have to keep paying on.”
N.B. Thomas, of the OSU coopera-
tive extension service at Altus, said
the parched condition of this year's
crop is prompting more growers
than usual to chemically defoliate
their cotton rather than wait for the
normal Nov. 7 to 10 frost date.
One Air Force sergeant died after
inhaling similar fumes after Fri-
day's early-morning blast.
torrent. Payne, like many Arkansas
officials, is outspoken in his com-
plaints about the way the Air Force
has conducted its relations with ci-
vilians during the crisis a
group of reporters gathered outside
the U.S. mission. Tehran Radio said
the deputies inspected "espionage
equipment."
W e
Rafsanjani said before the depu-
ties entered the embassy that they
might talk to the to the hostages if
they felt it was necessary "for get-
ting more information."
Wall's problems — which dozens
of other disgusted “retirement vil-
lage" landowners claim is typical —
began in May 1971 when he took a
free promotional trip to Bella Vista,
Ark., and bought a $5,900 lot.
“The contracts said not to buy the
land as an investment, but the sales-
man kept pointing out the invest-
ment angle," Wall said.
“He even showed us a letter stat-
ing the value of the land would in-
crease by $500 on July 1. We
thought we couldn't lose, so we
bought in."
Wall and many of an estimated
500 other Bella Vista landowners in
the Oklahoma City area alone now
want out. But they cannot sell their
lots and are saddled with monthly
payments and a $9.50 "assessment"
to maintain the Bella Vista recre-
ation area.
Earnest Young, a 60-year-old Mid-
west City retiree, was offered only
$3,200 for his $6,500 Bella Vista lot
when he tried to sell last year.
Strapped by increasing payments,
Young was forced to let developers
seize the parcel.
“The money has just gone down
the drain,” he said. “I would have
been better off if I had just given the
$5,000 I put into that lot to some
stranger on the street.”
held belief that a warbead was
blown hundreds of feet into the air
from the silo in a fuel explosion last
Friday.
But an Air Force colonel directing
the convoy smiled and gave a
thumbs-up sign to a reporter who
asked, “Is that what you wouldn't
confirm or deny?"
There was a flurry of activity at
the site shortly before the convoy
left at 7:30 a.m. CDT. Arkansas
uate everybody within a mile that
time."
Air Force faces claims, complaints
As television crews and reporters
across U.S. 65 from the gate pre-
pared for the exit by the convoy, the
helicopter took off and headed In
the direction of Little Rock Air
Force Base.
The convoy was led by an Air
Force pickup truck and a security
van with flashing blue lights.
The tractor-trailer truck believed
to have been carrying the warhead
was loaded with two large canisters
anchored to the trailer. One of the
canisters was blue. The other was
silver and green.
Both were labeled "Do Not Drop.”
The convoy headed in the direc-
tion of Damascus, the first town to
be evacuated when the explosion oc-
curred.
Meanwhile, Secretary of Defense
Harold Brown said Sunday he had
ordered an Air Force investigation
of the nation's 18 Titan II missile
installations with an eye toward
office gathered outside the gate and
an Air Force helicopter arrrived a
short time later.
1" P 4 ZM-M
DAMASCUS, Ark. (AP) - A con-
voy of eight military vehicles led by
a security van left a Titan II missile
site today, apparently transporting
a nuclear warhead inside a canister
labeled "Do Not Drop."
The Air Force continued to main-
tain tight security over the opera-
tion, refusing to confirm the widely
Aetion Line
Amusements
Astrological
Business News
Bridge
Classified Section
Comics
Dear Abby
Deaths
Johannes Steel
Sports
Swap Shop
TV Log
Vital Statisties
Dow declines 2.99
in early trading
Story Below
32 PAGES
VOL. XCI, NO. 184
277,257
Dally Paid Circulation
Morning-Evening
Average for Last Week
-2.99
.2-to-1
By James Johnson
Staff Writer
The securities firm did not discov-
er the theft until early September,
when it completed a routine audit of
assets at Securities Settlement
Corp., its stock-processing subsidi-
ary.
Convoy loads
nuke warhead?
Story Below
cg
.1
OKLAHOMA CITY T‘IMH,6
September 22, 1980 Contents Copyright, 1980, The Oklahoma Publishing Co. .A. A.-A. V aA .Ad AP
munities include Falconhead near
Burneyville in southern Oklahoma,
two in Kansas and about 25 in Tex-
as.
up $20.41
Frankturt: fixing $700.52, up
$24.49.
By Mike Ward
C. Leon Wall bought a chunk of
Arkansas real estate nine years
ago, setting up what he thought
would be a retirement dream.
Leaden: merming fixing $698.75
- $14.1*. Afternoon fixing
pzdmnkinM.U.,
State Police cars and patrol cars
from the Van Buren County sheriff's safety improvements.
• Surge in filings in small claims
court ereates problems in Oklaho-
ma County — Page 9.
2 • Johannes Steel finds Internorth
stock “cheap” at $86-131 - Page*.
• Opening local over-the-coun-
ter, New York and American stock
exchange listings — Page 1$.
ci-
14
16
12
9-10
27
22-Jl
8
14
21
•
17-20
1«
14
21
WeCtheR
State: Partly cloudy tonight
through Tuesday. Lows to-
night mid-40s. Highs Tuesday
70s. (Details, Page 1.)
gold soars
.NEW YORK (AP) — Stock prices
retreated today as fighting between
Iran and Iraq touched off a new
surge in precious-metals prices.
Losers outnumbered gainers by
‘ close to a 2-1 spread in the early tal-
ly of New York Stock Exchange-list-
ed issues.
a
The speaker of Iran's Parliament ’
today said the legislature will make
a decision on the fate of the 52 U.S.
hostages "only when demands are
met by the UK, especially our de-
mand for the return of the shah's
wealth which was put forward by
Imam Khomeini, and the Majlis will
insist on that.”
The Majlis speaker, Hashemi Raf-
sanjani, added that "the Iraqi at-
tack against Iran is a part of U.S.
plot” and that "the Iranian-Iraqi
war will not be without effect on the
RETIREMENT
NIGHTMARE
First of four parts
The mayor said if the sheriff
hadn't begun evacuating residents . then was that people driving by saw
on his own it probably wouldn’t have the fumes and reported it. The sher-
been done. iff had to take it on himself to evac-
. MiUTA I xcaudseuaunig.. .9
LOTEST STOCKS 4(n
09
(Please see CLAIMS-Page 2)
2- T88%e3 “88
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E Jets’ Todd hits
D..42 passes but loses
—Story on Page 17
2 I____
the hostages, to see "espionage
equipment and related documents"
at the U.S. compound.
“Seeing the hostages is not in our
program," Liberal deputy Kazem
Sami said,
A second group of deputies was to
visit the embassy later today.
If they see the hostages, the depu-
ties would be the first people other
than their captors to do so in five
months.
The Aa-ncimt-s Dea--
s •• neoGiewG vree
Officials estimate as many as ■ Currin said lot sales have evapo ta
50,000 Oklahomans may own lots in rated in recent months. But he an-H '
the larger Arkansas developments
alone. Other large retirement com- (Please see DREAMS—Page 4)
The Dow Jones average of 30 in-
dustrials dropped 2.99 to 960.75 in
the first half hour.
The price of gold responded to j
that news of the fighting by soaring i
above the $700-an-punce level for i
the first time since February. Sil- I
ver, meanwhile, traded above $23
an ounce, compared with a low of
$10.80 early last spring.
Several precious-metals mining
stocks were delayed in opening. 1
Asarco, a metals company with sil- 1
। ver interests, jumped 2% to 50%.
I On Friday the Dow Jones industri-
al average rose 7.26 to 963.74, as ad- -
vances outnumbered declines by a
9-5 margin on the NYSE. The
) j NYSE's composite Index rose .45 to
a record 74.81. The American Stock
Exchange's market value index was
down .08 at 340.06.
The dollar gained slightly against
the Japanese yen and most Europe-
an currencies except the British
pound today. In London, the pound
brought $2.3940, up from $2.3857
Friday. In Tokyo, the dollar closed
at 212.55 yen, up 212.45.
plantings, has sustained yield reE
duction of more than 50 percent.
The Oklahoma Crop and Livestocke
reporting service estimated a state
crop of 293,000 bales three weeks
ago. But continued abandonment
since then is likely to drop produc-E
tion even further to around 280,000
bales, Thomas said.
Booster flags filched
CLINTON — Someone is stealing
(Please see STATE—Page 2)
“ DAMASCUS, Ark. — Air Force le-
gal officers were setting up a table
it today in the Sharp-Payne Grocery, a
' .rural general store 2% miles from
Ethe site of Friday's Titan missile
. 5 Mast, to begin processing damage
J . claims from residents.
0
r “I don’t think there’s going to be a
big rush of claims," said Roy Payne,
owner of the grocery store and may-
' of Damascus.
I / But criticism of the Air Force's
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Standard, Jim. Oklahoma City Times (Oklahoma City, Okla.), Vol. 91, No. 184, Ed. 2 Monday, September 22, 1980, newspaper, September 22, 1980; Oklahoma City, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1847564/m1/1/?q=War+of+the+Rebellion.: accessed July 6, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.