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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 04, 1973
Page
2
In Los Angeles yesterday Chief Justice Warren praised Tom Bradley as the first black mayor, predicting a great administration after he takes office July 2. The remarks followed Bradley’s long public service and overcoming obstacles in his career.
The administration asked Congress to raise the debt limit by 20 billion, testifying before the House Ways and Means Committee. It urged removing the 5.42 percent cap on savings bond interest, ending the 4 percent rate ceiling on most Treasuries, and issuing income tax refunds as interest bearing bonds if uncashed, to ease spring borrowing.
The Senate prepares to debate a gasoline allocation measure to distribute scarce fuel equitably and curb price discrimination by majors. Senator Abourezk accuses large oil firms of artificially worsening Midwest shortages and calls for Justice Department antitrust investigations. About 1,020 independent stations have gone out of business.
Lady Bird Johnson fulfilled her husband’s pledge by addressing UVa commencement at Charlottesville yesterday. Among the graduates was her son in law Charlen Fobh finishing law school.
Seattle economist predicts a very significant portion of Alaska pipeline oil would be sold to Japan. Eric S. Cheney of the University of Washington argues the greatest fuel shortage exists east of the Mississippi, an area not served by the pipeline, which houses 75 percent of the U.S. population.
The Associated Press finds 95.4 percent of 18 urban items up from March to June with coffee rising in 14 cities and eggs up in some cities, as butter and pork chops fell in over half the markets. Prices show wholesale gains and erratic shifts but some bargains remain.
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