20 Mar 1973
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Mar 20, 1973
Page
1
In global currency trading the U S dollar fell broadly erasing most gains from Monday amid volatile action in Tokyo Paris London and Frankfurt. The drop followed mixed signals including bank rate moves and market adjustments to supply and demand dynamics.
New York markets plunged as the prime lending rate rose to 6 percent after moves by Marine Midland and Manufacturers Hanover Trust. The Dow dropped 10.99 to 952.06, with NYSE volume at 12.46 million shares and a broad decline led by 1,168 down to 308 advancers. General Motors declined as investors eyed car price plans for the 1973 model year.
L Patrick Gray II returns to the Senate Judiciary Committee for renewed questioning over his nomination to lead the FBI. The session will address his offer to give senators access to FBI files on the Democratic National Committee bugging and whether access should be restricted as directed by Attorney General Kleindienst. The committee remains split with some members pushing for White House Counsel Dean to testify or for the nomination to be rejected.
The Arkansas House approved a bill allowing police to issue citations for misdemeanor offenses instead of making arrests. The measure, authored by Rep. Hugh Kincaid, would let officers choose citation or arrest based on factors like residence, family ties, employment history, and criminal record. Opponents, including Rep. Frank Henslee, call it an escape hatch for lawbreakers.
Barbara Jackson, a freshman at Washington University, is noted in town highlights. Hope High School plans a Senior Appreciation Day car wash Saturday March 24 from 9 a.m. to 5 p.m. at Hogue's Exxon on Hwy 29 North with pickup and delivery by phone. The Red Cross Bloodmobile makes its final year visit March 26-27 at The First Methodist Church from noon to 6 p.m. daily, needing 225 pints to meet Lee County’s quota.
Three Cummins Prison Farm inmates Rudy Thomas Hickman Harold Scott and Dewayne Hulsey along with Tommy Ray Oliver of Tucker file a federal suit in Little Rock alleging illegal parole revocations since Supreme Court standards were issued in June The suit seeks hearings and due process including charges witnesses attorney and bond rights from the state Board of Pardons and Paroles Probation and Parole Administrator J T Rasinger and Correction Commissioner Terrell Don Hutto.
The Nixon administration unveiled the Better School Act proposing federal education revenue sharing that would cut aid for about 1.1 million disadvantaged students while giving local districts control over funding use. The plan faces strong opposition in the House Education Committee as estimates show aid reductions and a shift of resources toward mathematics and reading instruction for disadvantaged students.
US may ask to extend the four party Joint Military Commission, created by the January 27 cease-fire, beyond its March 28 dissolution to improve chances for a real cease-fire. The body includes North and South Vietnam, the Viet Cong Provisional Revolutionary Government, and the United States. South Vietnamese delegates have been briefed on the plan. North Vietnamese and Viet Cong delegations are expected to be presented with it soon.
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