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Daily Gazette in Sterling, Illinois

Page 1

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Daily Gazette

Location

Sterling, Illinois, United States of America

Date

Jun 07, 1971

Page

1

High finance moves affect mortgage rates and Fannie Mae

Money market dynamics push interest rates higher as investors seek future gains. Fannie Mae buys mortgages, passes discount costs to builders or buyers, raising borrowing costs. Brokers scrambling to unload loans after rates bottomed out, while Oakley Hunter calls for higher FHA and VA loan ceilings to ease pressure.

Federal National Mortgage Associ Ation Fannie Mae Oakley Hunter Federal Housing Administration Veterans Administration

California Air West DC9 crash kills 9. worst U S civilian loss

A Hughes Air West DC9 with 48 aboard collided with a Marine F4 Phantom over Angeles National Forest in fog. Nine bodies found in the wreckage in a rugged gorge near Duarte. Radar officer parachuted to safety. survivor later reported. The crash prompted rescue teams to halt at night.

George Krimsky Associated Press Writers LOS Angeles Hughes Air West California United States Here van Tassel Can Yon Angeles National Forest Los Angeles County Duarte Air West Los Angeles International Airport Salt Lake City Boise Lewiston Idaho Pasco Wash Tweed- New Haven Malarky Allegheny Washington, D.C Pittsburgh

Soviet orbital link seals up Salute space lab

Soviet Union reaches a major milestone as Soyuz 11 docks with the orbiting Salute laboratory after a 25 hour chase. Three cosmonauts board, including Viktor Patsayev and Vladimir Volkov, as plans for a network of space stations unfold and docking transport links are developed.

Orbiting Laboratory James R. Peipert Associated Press Moscow Soviet Union Space Laboratory Tass Earth Soyuz Salute Viktor Patsayeve Patsayev Nikolai Rukavish- Nikov Vladimir Volkov Volkov The

Mitchell to Likely Lead Nixon Campaign in 1972

AP interview with Atty. Gen. John N. Mitchell shows he may manage President Nixon's 1972 re election bid if asked. He notes he would prefer Wall Street bonds work but says decisions depend entirely on the President and his wishes. He downplays fanatic tests of power while acknowledging the toll of office and the option of serving if circumstances and organization fit.

Mark Brown Associated Press Washington John N. Mitchell Nixon Clarence Darrow Mitchell Wall Street Justice Department Cal Inquisitor General Law and Order Buttons Attorney General Bobby Kennedy Atty

Senate Shifts Draft Debate to Secret Laos Session

Senator Stuart Symington seeks a secret Senate session to discuss U S military actions in northern Laos and why they occur without congressional sanction. The move follows a Nixon administration note urging vigilance against a North Vietnamese Laos conquest and exposes CIA backed Thai troops in Laos amid draft extension debates.

Carl P. Leubsdorf Washington Senate United States Laos Stuart Symington D.o Mike Mansfield U.S Thailand Cambodia Indochina Nixon Asst David Abshire Edward M. Kennedy D-Mass Hanoi South Vietnam Foreign Relations Committee Symington Central Intelligence Agency

End to midair crashes blocked by safety views

Government efforts to curb midair collisions collide with differing views on whether pilots can rely on sight alone. A recent Los Angeles area crash that killed 49 underscores the danger as jets fly at high speeds under radar rules while untracked traffic remains an unknown hazard.

James R. Polk Associated Press Washington

Bloodmobile Day Returns to Holiday Inn Stop

The American Red Cross Bloodmobile will visit the area at the Holiday Inn 2610 East Lincoln Highway. Donors may walk in from 12 noon to 5 30 p.m. Appointments are not necessary. This is the last bloodmobile visit of the Sterling Rock Falls Chapter for the fiscal year.

American Red Cross Bloodmobile Holiday Inn East Lincoln Highway Sterling - Rock Falls American Red Cross

Soyuz 11 links with Sa lute space lab in orbit

In Moscow Tass reports Soyuz 11 astronauts joined the Salute space lab seven weeks after launch. The mission continues as the U.S. and allies monitor space activity amid ongoing Cold War era space milestones.

Also Mentioned on This Page

I Pultluvinius Preston Martin Federal Home Loan Bank Board Fear By James Carrier NEW Haven, Conn Allegheny Airlines Tweed-New Haven James Malarky Yale-New Haven D.C New London Nancy Palmeiri East Haven Mary Baldwin Martin Patricelli Joseph Horowitz Graf Mitchell May U. S.laos Chicago Marine Corps Arkansas River Navigation System Catoosa Tulsa Mrs Dale Bumpers Arkansas David Hall Oklahoma Carl Albert Robert S. Kerr, Jr Arkansas River Saigon Sage FBI J. Edgar Hoover the Navy John H. Chafee Pentagon Lockheed Aircraft Corp
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