Prime Rate Cut Boost To Economy
Nixon policies gain support as Irving Trust cuts prime rate from 8 to 6 percent, followed by Bank of America and others. Labor reports show smallest wholesale price rise in seven months and a dip in consumer finished goods prices. Dow gains broadly, but Patman calls the move too small while urging a full rollback to 6 percent.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress’ Economic Committee
Irving Trust Co
New York
Bank of America
Labor Department
Senate
House Economic Committee
Wright Patman
D-Tex
House Banking Committee
Joint Committee
What To Do With A Used Up Landfill Corry's West Washington site near exhaustion
Corry faces final stages of its 16 acre West Washington street landfill after about ten years in use. The city plans a future move to Worth street, with possible reclamation as a recreation area or trailer park after sewers are installed. Soil conditions and pending state rules delay housing development nearby. The move will ease street space and avoid hampering area growth once the site is exhausted.
MENTIONED IN THIS ARTICLE
Corry
West Washington Street
Worth Street
David Johnson
Ctty
Johnson
State Department of Health
Driver Walks Away From $15,000 Milkshake Truck Crash
A tractor-trailer laden with perishable milkshake mix left Route 6 near Columbus after 2 p.m. yesterday, struck a tree and culvert, overturning. Driver Lawrence L. Fritz 33 of Osseo Minnesota was treated for minor injuries and released. About 150 cases were lost. 2,300 cases were moved to a Buffalo bound trailer with volunteer help. Trooper Clair Stile investigated. A separate Route 97 crash involving Henry Wyman and Joseph Kaster caused $400 damage. no injuries reported.
MENTIONED IN THIS ARTICLE
Route 6
Columbus
Corry
Lawrence L. Fritz
Osseo
Minn
Fritz
Corry Memorial Hospital
Buffalo
N.Y
Chicago
Columbus Volunteer Fire Company
Shanno Trucking Firm
Minneapolis
Clair Stile
Stile
Henry Wyman
Wattsburg
Joseph H. Kaster
Titusville
Kaster
Wyman
Latins Threaten More U.S. Lives
In Santo Domingo the release of U S air attache Lt Col Donald J Crowley was delayed as kidnapers warned they would harm American interests if political prisoners were not freed. The group opposes President Belaguer and had earlier abducted Crowley on Tuesday.
MENTIONED IN THIS ARTICLE
Santo Domingo
Dominican Republic
U.S
Air Force
Donald J. Crowley
Mexico
Crowley
Latin America
Paraguay
Buenos Aires
Joaquin Belaguer
Chevron safety probes loom over Gulf spill case
A federal grand jury will probe Chevron Oil Co. drilling operations for possible criminal charges after a Gulf of Mexico platform fire. U.S. Atty. Gerald Gallinghouse called the investigation urgent as Interior Secretary Hickel cited 137 of Chevron’s 178 offshore wells lacking storm chokes and 210 more violations including missing pressure sensors.
MENTIONED IN THIS ARTICLE
Washington
Chevron Oil Co
Gulf Coast
U.S
Gerald Gallinghouse
New Orleans
Walter J. Hickel
Gulf of Mexico
Bt HL Shaffer
Chevron
Hickel
Gulf
Louisiana
William T. Pecora
U.S. Geological Survey
Arrest Youth For Possession Of LSD
A New Jersey teenager Edward B Kee 19 of Burlington was charged by Kane based State Police with possession and sale of LSD. Kee was arrested in Lafayette Township by Trooper Frank Muto and appeared before District Magistrate Carroll H Clayton then remanded to Bickel County jail in lieu of $3000 bond.
MENTIONED IN THIS ARTICLE
Kane
New Jersey
Edward B. Kee
Burlington
N.J
Lafayette Township
Carroll H. Clayton
Bradford
Bickel County
Kee
Frank Muto
Punxsutawney
Negotiators Tackle Mail Strike Causes
Washington AP report says government and postal unions move toward settling key issues behind a nationwide walkout. Blount expects rapid progress as talks focus on pay raise and health benefits with 12 percent discussed but no commitments. 2,700 troops released, 20,000 National Guardsmen remain on duty amid strike end chatter.
MENTIONED IN THIS ARTICLE
Washington
Winton M. Blount
Ight
Pentagon
New York City
New York
Congress
James H. Rademacher
National Association of Letter Carriers
Blount
Nixon
House-Senate
Hijack of Warren Firm Tractor-Trailers in New Jersey
Two Sylvania Electric tractor-trailers leased by Warren firm were hijacked from a Newark area motel parking lot. One truck carried Warren bound components, the other tubes from Seneca Falls New York. Cargo valued around 15 000 dollars with silver and plastic powder aboard. truck value about 22 000 dollars. Police note hijackings are common in the metropolitan area with most stolen trucks later found empty.
MENTIONED IN THIS ARTICLE
Warren
Sylvania Electric Products of
Newark
Daniel Fraunfelter
Seneca Falls
N.Y
Fraunfelter
Sylvania
Court to hear PATCO strike cross examination plan
Washington AP The air traffic controllers strike prompts the government to seek subpoenas for top officials as a restraining order fights slowdowns. Judge McGuire sets April 6 for a preliminary injunction hearing as Volpe defends the effort and cites new controller hires.
MENTIONED IN THIS ARTICLE
Washington
PATCO
Justice Department
Midwest
F. Lee Bailey
Transportation
John A. Volpe
FAA
John H. Shaffer
Bailey
U.S
Matthew F McGuire
Boston
Volpe
Also Mentioned on This Page
Journal
Endsley
Corry City
Pennsylvania State Employment Office
North Center Street
Chamber of Commerce
Corry Savings and Loan Association
Oil Company
Pecora
Alfred Apps
Joseph Catallo
Sherman Street
Apps
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