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Newport Daily News in Newport, Rhode Island

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Newport Daily News

Location

Newport, Rhode Island, United States of America

Date

Jun 01, 1977

Page

1

Boat Show Opens Here Friday At Treadway Inn

The third annual Used Boat Show opens Friday at the Treadway Inn and runs through Sunday with yacht brokers, Boating Magazine computerized brokerage display, and Coast Guard safety demonstrations. Highlights include Gleam a 12 meter built in 1937 for $425 a day, Stiletto a 27 foot catamaran, and the 41 foot launch Stiletto also for sale. Show hours are 10 a.m. to 8 p.m. Friday and Saturday and 11 a.m. to 5 p.m. Sunday.

Curtis Forbes Treadway Inn Boating Coast Guard Clinton H. Crane Nevins Boatyard City Island N.Y New York Yacht Club Crane Arthur Curtiss James Herreshaff American Sail Training Association

Dutch seek mediation clarification in hostage train siege

The Netherlands government probes what mediation outside parties could offer to South Moluccan terrorists holding at least 56 hostages on a northeast Holland train for nine days. Cabinet asks terrorists to specify mediation type and acceptable mediators. Major and minor Molucan leaders debate within the movement amid a separate school hostage incident at Bovensmilde involving 105 children.

Assen The Netherlands Holland Toos Faber Justice Ministry Johan Manusama Amsterdam de Volkskrant Manusama Hovensmilde Bovensmilde Dick Mulder South Monnccan Tindonesia Indonesia Dutch East Indies

Budget chief warns banks over rising interest rates

Budget Director Bert Lance cautioned that bank rate hikes threaten confidence and may push long term rates higher, risking inflation and hurting home building and investment while signaling possible stock market declines. He urged rates to stay reasonable and stable to support business and housing.

Washington Carter Bert Lance Lance Lane Arthur F. Burns Federal Reserve Board Burns

Stock Prices Rise in Rally After Steep Decline

NEW YORK AP stock prices turned upward in a technical rally after the recent sharp drop. The Dow Jones industrial average rose about 3.5 points to 902.14 at noon. Gainers led losers 74 to many on the NYSE as traders eyed a break above the 900 mark after weeks in the 800s.

NEW York Dow

Soviet Charges Shcharansky with Espionage

Anatoly Shcharansky a prominent Soviet Jewish dissident has been formally charged with espionage the maximum penalty under Soviet law. He was detained March 15 after accusations of spy ring ties to U.S. Embassy officials and could face death if convicted.

Moscow Anatoly Shcharansky Shcharansky Izyestia U.S Torney Moverdert

Jurors drawn for trial of Bove in hotel loan

In Superior Court today jurors were chosen for the Michael Bove III case. He faces charges of embezzling state funds tied to a Viking Hotel convention center loan guaranteed by the state Recreational Building Authority and misrepresenting costs with documents from The Community Hotel Corp. The case involves a $500,000 bank-financed project, a foreclosure in 1974, and a 1976 sale of the hotel complex. Bove pleaded innocent and was released without bail.

Michael Bove Viking Hotel Bove State Recreational Building Authority Industrial Bank of Rhode Island Community Hotel Corp Arthur A. Carrellas Irustrial National Bank Viking Toam RBA Earle F. Cohen Providence Ally John F. Sheehan Bave Tames Burman Frederick Cass John E. Orton

Inside The News Weather Forecast Update

Scattered showers or thunderstorms likely tonight and tomorrow with a low in the upper 50s and a high in the 60s. Tuesday temperatures reach a high of 79 and a low of 50.

UN condemns Rhodesia raid into Mozambique

The Rhodesian government launched a cross-border raid into Mozambique sending about 700 troops by helicopter to attack guerrilla bases near Mapai. UN Secretary General Waldheim condemned the action and demanded immediate withdrawal. British and American officials urged restraint and a settlement to prevent a wider conflict.

Salisbury, Rhodesia Mozambique Ian Smith Mapai U.N Kurt Waldheim 4Yaldhenny New York Ile David Owen United Kingdom United Nations

Move toward Cuba diplomatic exchange nears approval

The United States and Cuba near a tentative agreement to exchange diplomats for the first time since 1961. Negotiators in New York worked out most details as Carter aims to restore formal ties, while Cuba presses its Africa presence. Carter says progress is made but full friendship depends on Cuba.

Washington United States Cuba New York Carter Ethiopia Africa Latin America U.S Plains Cubas Fidel Castro Castro Batista Eisenhower Kennedy

Mrs Carter Scores a Hit in Costa Rica Visit

Mrs. Carter met Costa Rican President Daniel Oduber and discussed human rights with the foreign minister during a two hour talks session in San Jose. Oduber praised her as natural and direct and said her presence felt like personal contact with President Carter.

San Josh Costa Rica Rosalysm Carter Daniel Oduber U.S Oduber

Middletown to borrow 200000 for early year cash flow

Middletown plans a short term loan up to 200000 to cover July and August bills until first quarterly tax receipts in September. Town Administrator John F Fitzgerald says cash flow was reduced after 115000 moved from reserves in March to balance the school budget, with 475000 in expected expenses and 293000 in anticipated revenues for July and August. The loan would come from fiscal agent R I Hospital Trust National Bank at minimal cost, repaid from September property tax revenues.

Terry Vincent Middletown John F. Fitzgerald Fitzgerald Charles C. Roberts R. 1. Hospital Trust National Bank Ile

Newport dock plans trimmed to ease neighbor fears

Newport Bay Associates president Carl Bolender said he will shorten a Long Wharf dock to 40 boats after neighbors objected at a Coastal Resources Management Council hearing. The plan, backed by the city council but opposed by the Planning Board, was continued to June 15. Barclay Warburton of the American Sail Training Association supported docking for visiting yachtsmen amid concerns over congestion and impact on the New York Yacht Club sail training program.

Court House Newes’, Yacht Club Barclay Warburton American Sail Training Association Planning Board Brick Market Place Chit

Also Mentioned on This Page

Sam Estar Rhode Island Kathy Nojpers Daily News Daniel Appleton Barrington Appleton Hog Island Roger Williams College South Endak Island Charles Parker Photiy Inside the News Navy StateNess Rhodesia State Department John Trattner Havant Gerald A. Ford Mrs. Carter
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