Dollar Falls to New Low Across European Markets
The U S dollar declined to record lows in London Frankfurt Paris and Tokyo as traders cited weak U S outlook and overseas demand. Dealers noted steep premarket weakness with the dollar around 2 5180 marks in Frankfurt and a slide to 2 59908 in London while Paris and Zurich saw further declines.
MENTIONED IN THIS ARTICLE
London
U.S
Frankfurt
Europe
America
Franklud
Paris
Zurich
Dailar
S.ola Siriss
Tokyo
Dalar
Ines
Economy rebounds with strong May gains in indicators
Washington reports the leading economic indicators rose 1.3 percent in May after a sharp April drop. The index, seen as a gauge of economic turns, showed six measures improving including unemployment claims and durable goods orders, while weekly hours and stock prices edged lower. The April decline was revised from 0.0 to a 1.7 percent drop. Omaha seeks 600000 gallons of gasoline as Dividend Bonded Gas refuses supply after August due to contract terms.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Omaha, Neb
Omaha
Ate. J
Lincoln helps housing shortage via base housing purchase
Lincoln authorities and the U S Central Housing Administration announce a plan with the Lincoln Housing Authority to buy a former Air Force base housing project for 5.5 million dollars. The deal, funded by federal money and surplus property, aims to provide low and moderate income public housing as bases slated for closing are redeveloped.
MENTIONED IN THIS ARTICLE
Lincoln
U.S
Chase
Arthur J. Simpson
Te US
Central Servicers Administration
le Lincoln
Elausing Authority
Simpson Sais
Wuhi
Simpsons
Sampson Cies
Senate votes cutback of U.S. foreign aid
The Senate approved a foreign aid bill 60 to 42, cutting back military assistance from the Nixon administration request of 3.8 billion to about 1.0 billion for the new fiscal year. Critics warn the move signals U.S. retreat abroad while House action looms. The measure keeps nine-country economic aid totaling 420 million, with Cambodia at 150 million and South Korea at 19 million.
MENTIONED IN THIS ARTICLE
Senate
U. S
Washington
APY
U.S
Mixon
Senate Foreign Selihous Committee
Sen
Hany Gollwater
ReArig
House
Senate Foreign Relations Committee
Cambodia
South Kora
Te Bill Lad
Committee votes to shelve bill in state hearing
The Judiciary Committee voted 4 to 2 to shelve a bill by Senator Putney that would open a path to full compensation for government claims related to losses from government expenditures on evclanites. The measure proposed up to 35 million dollars in compensation. Supporters included James O. Nil and Hitch Baby with dissent from Hiram L. Fong and others among the opposition.
MENTIONED IN THIS ARTICLE
Wanthington
Judiciary Committee
Sen
John. Putney
Cal
Tunney
James 0. Nil
D-Miss
Hitch Baby
Deli
Wxt
Hiram L. Fong
Alawan
Lister
Philip A. Sart
Dmich
Edward Mi
Kennedy
Mass
Quentin Burdick
DND
Ronan Lb
Iruska
Neb
Tigh Scoll
R-Pa
Marlow W. Cook
T-Ky
Aml Strom Thurmond
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