Roosevelt Denies Allegations of Convicted Swindler Plot
Roosevelt labeled the accusations an utter fabrication and a lie by a known con artist. Mastriana testified before a Senate subcommittee that a supposed assassination plot involved Bahamian Prime Minister Pindling and Michael McLaney, with payments and a promised gambling license. He claimed hidden recordings and a check showing Roosevelt’s endorsement, while Roosevelt disputed the charges and said he would be contacted for interview.
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Lisbon
Portugal
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McLaney
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Howard Feldman
Hearings resume on grain marketing and futures
Officials from the Chicago Board of Trade lead next week’s hearings on grain marketing problems in Washington. Cargill executives urge strengthening the Commodities Exchange Authority and consider a conscious reserves program while citing transportation bottlenecks and longshoremen disputes affecting exports. Rep. Neal Smith historically criticizes speculation as undermining hedging for farmers and small businessmen.
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House
Federal Commodities Exchange Authority
CEA
Securities and Exchange Commission
Cargill
Chicago Board of Trade
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James R. Spicola
Spicola
Congress
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Chicago Mercantile Exchange
Neal Smith
D Lowa
Tax rates updated for cities and districts across county
Lawton Elgin Cache Fletcher Indiahoma and other towns list 1973 and 1972 property tax rates. Sinking fund adjustments follow bond payoff savings from last year’s one cent sales tax. Independent school districts keep most levies steady with minor shifts in sinking fund requirements.
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Elgin
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Sterling
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Faxon
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S. E. Kendall
Stanfield & O'Dell
Comanche County
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Elgin Independent
Papal Audience Features Hijacking Debate at Castel Gandolfo
Delegates of a 128 nation body urged a boycott of hijacking and pressed for strong anti hijacking rules but feared sovereignty limits. Pope Paul VI criticized hijackings and called for addressing despair and frustration behind them. Irish pilot O Grady spoke before an ICAO vote on major hijacking proposals. One proposed measure would ban airspace for offender states, but unlikely to pass without two thirds support.
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Pope Paul VI
Castel Gandolfo
Rome
O’grady
U.N. Aviation Agency
Nixon outlines changes to housing loans and tax credits
President Nixon proposes shifting mortgage repayment to front load plans with smaller early payments and larger later sums. He backs a 34 percent tax credit on interest earned by lenders in residential mortgages and urges FHA re-insurance and larger insured loans to expand home financing.
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William Proxmire
Senate Appropriations Subcommittee
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Federal Home Loan Bank Board
National Mortgage Association
Congress
Federal Housing Administration
Texas Set To Dedicate World's Largest Airport
GRAPEVINE, Tex. Texas dedicates the world's largest airport with a $700 million, 17,500 acre complex between Dallas and Fort Worth. The facility opens late next month with 66 gates, plans for 434, and aims to handle 81,500 passengers daily.
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Texas
Grapevine
Tex
Dallas-Fort Worth
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Mirabel
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R. M. Stovall
U S Officials See Chile Junta as Stable Ruler
A U S official said the Chilean military junta will not engage in a blood bath after arrests. Americans in Chile are safe with airports likely open Saturday and some detentions noted. Washington expects recognition despite possible firm rule and crackdown on leftists with arms caches.
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Washington
United States
Chile
U.S
Santiago
Dunlop cites strict action on steel price ruling
Dunlop called the steel price ruling strict and stringent while briefing reporters. He forecast the August Consumer Price Index would show a very substantial rise in retail food prices and described the numbers as one very bad set. He warned wheat at five dollars a bushel remains extraordinarily high and a serious matter.
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Dunlop
Labor Department
Nixon vetoes minimum wage bill amid wage surge forecasts
President Nixon blocks a bill to raise the $1.60 hourly minimum to $2 this year and $2.20 next year, arguing it would lift unemployment and inflation. The measure would expand coverage to state and local workers and one million domestic workers, with a different Democratic proposal to phase increases.
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Nixon
House
House Republican Policy Committee
GOP
Deficit Findings in Quarterly Finance Report
The report shows an unfavorable outflow near 500 million in the quarter with a 900 million drop in direct investment outflows to 1.2 billion offset by a 1.2 billion cut in foreign purchases of U.S. securities. The payments balance was about a 1 billion deficit. Last year’s second quarter deficit stood at 1.8 billion and the first quarter at 3.7 billion.
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U.S
Gasoline Protests Prompt One Day Closure by Mobil Dealers
In Syracuse about 60 Mobil Oil dealers voted to close for a day to protest a wholesale gasoline price increase. Across California motorists saw sparse stations during a three day shutdown in San Luis Obispo County between San Francisco and Los Angeles. Oregon reports show easing closures with 75 percent of Portland stations open and a warning of organized efforts to enforce shutdowns and possible weekend action.
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Syracuse
N.Y
Mobil Oil
San Francisco
Los Angeles
San Luis Obispo County
California
Gerald Waiters
Oregon
State Automobile Club
Portland
Oregon Gasoline Dealers Association
Wayne Bowley
Bowley
Alabama Cotton Acreage Falls in 1973 Report
Alabama growers planted 540000 acres of cotton in 1973 reflecting a 60000 acre drop from 1972, a 10 percent decline. The shift marks lower output expectations for the season amid ongoing farm-supply adjustments.
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Alabama
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