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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Dec 03, 1974
Page
3
AP reports Lucio Cabanas, Latin America's famed guerrilla leader, killed in southern Mexico after a five month, 20000-strong manhunt. Ten guerrillas died with him. 17 killed in a separate shootout. two soldiers died and five were wounded.
In a University of Connecticut news conference Senator Edward M. Kennedy said he would not support Alabama Governor George C. Wallace for president or vice president in 1976. He also noted he would not seek the presidency that year and had previously met Wallace in Alabama to push party unity.
Treasury Secretary William E. Simon announced the United States will auction off two million ounces of government held gold valued at 84.4 million dollars. The sale proceeds from reserves, with no postponement of Americans’ right to buy gold after December 31, and will be in 400 ounce bar quantities.
State police hunt for a motorist whose car hit a service station pump, causing a $15,000 explosion and fire that damaged the station and Arden Ataaf’s Allegheny County owned truck camper. No injuries reported.
New York AP reports Amstar Corp the largest cane sugar refiner and Sucrest Corp matched a price cut of five dollars and twenty cents per 100 pounds while CPC International trimmed by five dollars and ten cents. Retail prices remain higher than wholesale, and consumer relief looks distant as wholesale costs surged and government scrutiny continues. Amstar cites lower raw sugar as the reason though president Robert Quittmeyer warns the downturn may be too early to confirm a trend and notes softening demand amid tight supplies.
A government report from the National Center for Health Statistics ties the high murder rate to the postwar birth bulge. It cites that 15 to 29 year olds are most involved in homicide, with 20,518 deaths in 1972 and guns responsible for about 68 percent of cases. The rate is projected to fall only after large birth cohorts reach 30 plus.
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