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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 26, 1978
Page
1
The Commerce Department reports April's trade deficit at 2.86 billion dollars, the fourth largest on record, driven by rising imports of oil and cars. Exports hit a record 11.6 billion while imports reached 14.5 billion as inflation estimated at about 9.3 percent pushed trade gaps wider.
President Carter plans to urge the Soviet Union to accept a ban on nearly all nuclear weapon testing despite opposition from military leaders and atomic energy officials, according to the New York Times report.
Atlantic City hosts the nations only legal gambling casino outside Nevada as Resorts International on the Boardwalk debuts with 893 slot machines 60 blackjack tables 10 craps tables 10 roulette wheels and three baccarat tables Governor Brendan Byrne presides at the ribbon cutting and gamblers settle into the lounge and gaming floors.
In Atlanta, Trever Nicholls notes he would drink wine if unsold as Heublein’s 10th annual rare wine auction yields high prices. Memphis dealer John A Grisanti pays $18,000 for an 1864 Chateau Lafite jeroboam, the top bottle price. Many buyers plan to resell or display. Concurrent data show April imports at $1.2 billion and a $2.86 billion trade deficit.
Clear skies with some haze forecast for tonight and Saturday. Lows near 60 tonight, highs near 90 Saturday. Morning low 58 and yesterday’s high 80. Sunday to Tuesday look mostly fair with a few afternoon thundershowers. Highs in the 80s, lows around 60.
A 22 year old Dayton man, Conrad Gregory Peaks, was indicted on aggravated murder charges for the April 27 shooting death of Robert Ledford during an armed holdup at Ledford's Poasttown store and service station. Peaks, held on an aggravated robbery charge from an Oakwood holdup, faces a murder warrant to be filed after the grand jury return. The case follows Ledford, former fire chief and store owner, dying from gunshot wounds as two gunmen robbed his business. Authorities say the investigation continues with no second suspect in custody.
President Carter urged Illinois lawmakers to reverse opposition and ratify the Equal Rights Amendment, noting Illinois constitutional protection for equal rights and calling for passage to reach the 38 states needed by March 22, 1979. He warned of a Washington “iron triangle” hindering reform and stressed civil service changes benefiting the majority.
A public service notice urges residents to call 425 7700 if they witness crimes or suspicious activity, highlighting the police tip line for immediate reporting.
The Professional Air Traffic Controllers Organization warns Pan American World Airways Trans World Airlines and Northwest Orient Airlines may face a nationwide slowdown as controllers protest limited free overseas travel. Leyden says 12 major US carriers cooperate while the three singled out restrict cockpit join flights, potentially triggering disruptions before Memorial Day weekend.
James A. Rhodes aims to raise 2 million for a fourth four year term. Reports filed show Rhodes for Governor Committee has raised 911 743 since September with 180 245 in expenditures and a 741 245 balance. Opponent Charles F Kurfess reported 152 783 raised, 128 792 spent, 23 991 on hand and 99 589 in debts. Democratic Lt Gov Celeste reported 369 405 in contributions and 343 134 spent with 27 753 balance and 15 708 debts. Ferguson holds 190 358 as balance after 10 565 contributions. Sen. Lukens reported 62 002 contributions, 49 406 spent, 12 713 on hand and 13 970 debts. he also listed a 12 000 personal contribution.
Tehran reports Prime Minister Jamshid Amouzegar says major oil producers may peg oil to the IMF's SDR if the dollar keeps falling. He warns the United States must curb its deficit to avoid a nonrecovering dollar and notes OPEC could raise prices annually starting next year to spur alternative energy investment. OPEC's base price stands at 12.70 dollars per 42 gallon barrel.
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