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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 19, 1973
Page
12
Washington AP reports Phase 4 rules may roll back some profit markups but keep others. Public utilities exempt after Aug 12 while petroleum rules set ceilings based on Jan 10 costs. Two tier crude oil pricing eyed with potential windfall limits and possible regional price rollbacks. See ADMINISTRATION, Page 2.
Sen Sam J Ervin Jr says a hoax phone call prompted him to announce that Nixon would release White House tapes. The caller pretended to be Secretary of the Treasury George P Shultz, but the message proved false and Ervin apologized.
In a hearing on bugging, Ervin says the White House claimed ignorance of a decision while The real Shultz denied telephoning. The exchange is described as bizarre with observers noting distrust of the telephone.
Phase 4 lifts food and health price freeze immediately while other sectors stay frozen until Aug 12. New rules require 30 day prenotification for price increases with no profit markup. Wages stay at 5.5 percent guidance. Exemptions apply to utilities lumber plywood small firms. Food allows dollar-for-dollar cost increases, beef frozen until Sept 12. Petroleum ceilings begin Aug 12. Rents remain exempt.
Archie Dykes told 514 alumni and friends that higher education will be more complex in the future and urged reaffirmation of commitment to the university. The welcome event in the Kansas Union Ballroom included Kansas Board of Regents members, legislators, and KU leaders led by Dolph Simons Jr. and Jordan Haines. One hundred fifty individuals were considered for the post.
An armed Palestinian gunman held 15 people hostage in a Athens hotel for over four hours then released them and was escorted to Athens Airport by three ambassadors from Iraq Libya and Egypt. He demanded safe passage and initially threatened to kill hostages if not accompanied to the airport by Deputy Premier Stylianos Patakos.
Gov. Robert Docking criticized Phase 4 economic controls including beef price ceilings. He said continued restrictions hurt cattlemen by limiting the free market and would ultimately raise grocery beef prices for consumers.
Cloudy conditions with a chance of thunderstorms forecast for the area. Full details appear on page 5 with regional outlooks and temperature ranges.
Local ad notes Raney Drug Stores fill and deliver every physician prescription. The message emphasizes complete service, pharmacy accuracy, and home delivery options for patients seeking convenient medication access.
Torrential rain drenched Lawrence and southern Douglas County with 4.28 inches in under 10 hours and up to 6.52 inches in Worden. The storm began near 11 p.m. and ended shortly after 8 a.m., swelling streams, closing U S 59 near Baldwin Junction, yet few major damages were reported. Farmers welcomed the soak for pastures and crops despite runoff losses.
Local bankers learned the state Board of Treasury Examiners will distribute 4.9 million dollars in federal revenue sharing to 30 banks in the First and Fifth districts, with none for Lawrence. Bank leaders called the plan political and vowed to review the process, while state officials defend district-based allocations.
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