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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jun 27, 1974
Page
3
Washington AP reports Assistant Secretary Clayton Yeutter says Canada stalls negotiations to re open U S cattle and beef imports until after its July 8 national elections. He signals possible U S retaliation and cites Canadian resistance amid DES use concerns.
A Houston woman awarded a 1 million judgment after losing use of all four limbs in a 1969 crash. The state Supreme Court upheld lower court rulings, finding the 1963 Chevrolet steering coupling inadequately designed. An auto mechanic testified the lock ring was missing, GM argued wear caused the failure.
In San Diego AP report the new U.S. Conference of Mayors president invites President Nixon to forge a domestic detente with city leaders. Alioto leads a 42nd annual meeting with Moon Landrieu as vice president and Kenneth Gibson slated as advisory board chair.
Washington AP Treasury Secretary William E. Simon urged using federal budget surpluses and tax incentives to boost private investment. He also challenged the belief that inflation will average about 5 percent annually for the next decade while noting slower consumer spending growth.
Columbia Gas Transmission plans to drill a natural gas test well in Warren County and 16 others across Crawford Erie Chautauqua and Cattaraugus counties in New York. Drilling to start in June and finish by October with wells testing Clinton Medina Sand formation on 350 000 acres. Spent about 1 585 million dollars. Delta Drilling Co of Texas will be contractor.
Simon told a congressional subcommittee that inflation could reach 7 percent by year end and rise next year if fiscal and monetary policy are not tightened. He warned about massive capital needs next decade, citing energy and pollution control costs, and proposed using tax incentives and possible budget surpluses to spur private lending and investment. He suggested postponing some government programs to meet investment demands.
Washington AP reports a pool of 57 likely witnesses for the John Ehrlichman plumbers case. Among them are former Cuban president Carlos Pino Socarra, ex Treasury Secretary George P. Shultz, Michael Haigwood, Clinton Brickley, and CIA officials. Also named are Henry Kissinger and Rep. Guy Vanderjagt. The trial, begun with jury selection, may call 12 jurors and six alternates from about 85 in final pool.
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