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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 10, 1971
Page
5
Fire started at 12 45 a m and burned into dawn. A truck mounted crane with a bucket was used to elevate a hose to spray water into the gutted interior. The blaze cause is under investigation and not yet determined.
The Atlas Centaur upper stage malfunction caused Mariner 8 to pitch and plunge into the Atlantic after launch at 8 11 p.m. CDT. Three investigation teams in Langley, San Diego, and Cleveland will study data and correct equipment before the Mars orbiter Mariner 9, designed to map 70 percent of the planet, is mounted for launch.
New York AP reports Tax Freedom Day marks May 10 as the first day Americans work for themselves this year as government taxes absorb earnings. The U S Chamber of Commerce cites rising per capita tax bills from 1902 to 1960 and projections of $1 200 per person in 1971, with federal and state tax receipts rising from 62 billion in 1960 to 123 billion in fiscal 1970.
A Wallace fundraising dinner at the Hotel Adolphus in Dallas drew 1,186 attendees with $50 plates and a $25 viewing room. Chill Wills and Rev. Billy James Hargis warmed the crowd as Wallace delivered a 30 minute speech to standing ovations. He signaled opposition to school busing and taxes as top 1972 issues and floated a class action against foundations. The report also covers unrelated crime and accident notes including burglaries and multiple weekend deaths in Alabama and a separate My Lai era testimony fragment.
Elementary registration for 1971 72 at Courtland Elementary begins today and ends Wednesday. Applications from principal or students. child must be six by Oct 2. Various meetings and events listed: O Speake PTO, West Limestone PTA, Pilot Club installation, Church of God fellowship, Central United Methodist, Morgan County Preservation Society, Rising Sun Lodge, revival services, Decatur Divinette Club, Arts Council, Beta Sigma Phi, retired teachers, Bible and garden clubs, Decatur Coin Club, school concerts, Newcomers Club lunch, SBA loan rep, Seekers Bible Club, Green Thumb Garden Club, Golden Age Club, ABWA, Culture Club picnic, benefit singing for cemetery, Newcomers spring dance, Powell family reunion.
Last week traders bought marks in anticipation of revaluation as Western markets reopened after crisis shutdowns. The Frankfurt quote slid to 3.51 rising to 3.5375. the pound opened at 2.4195 dollars, slipping to 2.419. Switzerland revalued the franc 7 percent, boosting the dollar’s implied weakness. The official rate eased from 3.66 to 3.55 marks per dollar and the Netherlands floated the guilder.
The Dow Jones 30 fell 4.35 to 932.62 as declines outpaced advances 9 to 4 on the New York Stock Exchange. Brokers cite international currency issues driving a broad market retreat. Londontown posted higher first quarter earnings while stock moved counter to the downtrend.
Quotes from NASD show interdealer prices around 10 a.m. with no retail markup. Warner Lambert fell 1 percent to 72 dollars, and a block of 112,200 shares traded at 72. On the NYSE active list major movers included Bausch & Lomb down 3 1/2 to 132, American Telephone off 1/2 to 47, American Standard down 1/4 to 25, Xerox down 1/8 to 107, Occidental Petroleum down 1/5 to 20, American Hospital Supply down 1/3 to 33, and National Cash Register down 4 to 41. Amex prices featured Cinerama down 1/2 to 4, Mohawk Airlines down 5 to ?, National General warrants down 7, Instrument Systems down 1 to 20, Angelica down 3 to 32, Ecological Science up ?, and Rex-Noreco up 1 to 23.
Alabama report shows ready to cook broilers trading with light type farm prices 5 to 6 cents per pound and 7 to 7.5 FOB plants. Heavy type 11 to 12 farm and 13 to 14 FOB plants. Estimated today’s broiler slaughter 1.491 million vs 1.45 million last Monday. U S Grade A prices for week of May 10 15 range 25.25 to 25.75 with weighted averages around 25.52.
Alabama farmers on the Birmingham market report lower prices for large and medium greens and limited trading for small lots. Retail deliveries remain ample with slow demand as offerings are plentiful. Prices per dozen for consumer grade white eggs and greens range, with turnips and onions listed at modest levels.
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