Devaluing Hints Trigger Nosedive Across Markets
London reports say devaluation fears sent the dollar plunging to record lows as banks in Paris and London buy dollars to slow losses. Swiss banks cap dollar transactions, while Europeans anticipate a policy shift after a Rome meeting of Western nations. The dollar slid to 3.29 marks in Frankfurt and 3.9305 Swiss francs in Zurich, with officials signaling possible 5 percent devaluation against gold. The Paris market shows complexity due to a two tier system pegging the commercial franc, amid expectations of a Group of Ten decision in Washington.
MENTIONED IN THIS ARTICLE
London
Paris
Switzerland
Rome
United
Washington
Nixon
Frankfurt
Zurich
Pentagon vows retaliation if Mig attacks over Laos
Washington AP Pentagon officials warn U S war planes may strike North Vietnamese air bases if MiG fighters attack U S aircraft bombing the Ho Chi Minh trail from Laos. Spokesman Jerry Friedheim notes MiG 19 and 21 sorties into Laos, with possible moves to threaten B 52s.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
U.S
Ho Chi Minh Trail
Laos
Jerry W. Friedheim
South Vietnam
Friedheim
Lyndon B. Johnson
North Vietnam
Vinh
Pay Board Warns that price hikes won’t flow from wage gains
The Price Commission limited passing wage hikes to consumers, allowing Old Ben Coal Co. a 3.78 per cent price rise after seeking 6.71 per cent. Grayson said the same rule will apply across the coal industry as 20 per cent of firms won’t raise prices, 60 per cent seek modest increases, and 20 per cent remain noncommittal. The Senate gave Nixon a year extension of broad economic powers to 1973. GM outlined 2.8 per cent overall price rise with noted increases for Chevrolets and Impalas.
MENTIONED IN THIS ARTICLE
Washington
The
Price Commission
Commission
C. Jackson Grayson
Nixon
Grayson
Old Ben Coal Co
Standard Oil of
Ohio
Old Ben
United Mine Workers
Ben
Corry Health Improves as Weather Cuts Hospital Load
Corry Memorial Hospital reports occupancy at 60 to 65 percent in early winter, lower than last year’s peak. Administrator Samuel Antrim cites milder weather, fewer highway injuries, and changes in Medicare Medicaid Blue Cross criteria as factors. Expanded bed use shifts 16 beds to extended care, increasing acute care beds to 75, while overall demand remains manageable.
MENTIONED IN THIS ARTICLE
Antrim
Corry
Pennsylvania
Blue Cross
Corry Memorial Hospital
Office of General and Special Hospitals
Harrisburg
Waives Hearing In Phone Misuse Case In Erie County
James R. Armstrong Jr of 26 Snyder Circle waived the hearing and was bound over to Erie County court on a charge of malicious use of a telephone. Complainant Joan McDermott reported four nuisance calls in October. General Telephone taped the calls, identifying Armstrong as the caller from his home pay phone and a tavern phone.
MENTIONED IN THIS ARTICLE
Erie County Court
James R. Armstrong Jr
Snyder Circle
Jess Juliante
Erie
Joan McDermott
South Center Street
Armstrong
General Telephone
McDermott
Senate Extends Nixon Wage Price Controls Through 1973
The Senate approved 86 to 4 a bill extending wage price and rent controls to April 1973. It includes a provision for retroactive raises to workers who lost pay during the Aug. 15 to Nov. 14 freeze. House Banking Committee conduct to finish its version. Deadlock on a prior compromise. administration opposed retroactive pay.
MENTIONED IN THIS ARTICLE
Washington
Senate
Nixon
House
Banking Committee
One Tax Cut Problem Left Campaign Fund
Congress conferees debate financing presidential campaigns through individual income tax check offs as the final issue in a tax bill fight with President Nixon. Mills says Democrats will persevere on the check off despite White House veto threats while other tax relief provisions have been trimmed.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Nixon
White House
Wilbur D. Mills
House Appropriations Committee
Mills
Capital City
Democratic Club
Elks Memorial Service For 14 Brothers
The Lorry with KS Longe will conduct its annual memorial service Sunday at 3 p.m. honoring 14 members who died this year and all deceased members. Rev. Patrick AL Maier will deliver the memorial address with Rev. Cyril Cooper giving the invocation. The program includes roll call, toasts, eulogy, altar service, benediction, Auld Lang Syne, and closing rites.
MENTIONED IN THIS ARTICLE
KS Longe Wil
Patrick al, Maier
St. Paul's Evangelical Lutheran Church
Cyril Cooper
St. Thomas the Apostle Church
H. Kenyon Leishman
First United Presbyterian Church
James Walters
James Brunswick
Corry Area
Francis A. Slattery
Gerry A. Davis
Robert S. Davidson
Lawrence C. Williams
Chris Christensen
John R. Wilson
Walter L. Craker
Kermit A. Mewes
Harry J. Neff
William H. Reynolds
A.V. Wagner
William L. Stockton
Dr. GE. Bennett
Leonard M. Clark
Women Join Clymer FFA End Male Dominance at School
Judy Bush, daughter of Richard and Mrs Bush, signs up for agriculture classes at Clymer Central School, ending a male era in the FFA. Ronald Querreveld praises her contributions in decoration, travel, and leadership as she becomes secretary and reshapes the scrapbook.
MENTIONED IN THIS ARTICLE
Future Farmers of America
Future Homemakers of America
Clymer Central School
Clymer
National Ffa Organization
Judy Bush
Richard Bush
R.D. J. Clymer
Ronald Querreveld
Clymer Ffa
the Journal
Judy
FPA
PFA
FFA
Howard Cornelt
Also Mentioned on This Page
Juliana
Niigata
Sea of Japan
Route
Catherine Crandall
R.D
Crandall
Patricia A. Passerotti
Crawford
Daniel Z. Henkin
Defense
Creighton Abrams
Vietnam
Carl E. Bagge
National Coal Association
General Motors
Hunter
Ligonier
Johnstown
Ligonier Mountain
David Novak
Elks Slate Service
14 Brothers
Cornell
Pryor
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