Inflation in China Seen Through Mao Tai Prices and Trade Shifts
AP Business Analyst JOKN GUNNIEE reports from New York on a 1972 Canton visit where Mao Tai price jumps from $2 to $14 reflect broader inflation, while jade and ivory soar up to 2000 percent. Trade official notes supply and demand at work as Chinese officials expand global pricing and cooperation. House, a bilingual negotiator for U.S. firms, observes changed attitudes toward credit, diplomacy, and design. He notes Chinese buyers are well informed, seeking mutually beneficial trade and practical details over earnings rhetoric.
MENTIONED IN THIS ARTICLE
Jokn Gunniee
NEW York
Canton
Harned Pettus House
Los Angeles
People’s Republic
Mao
Mao Tsetung
House
China
F-111 Fighter Bomber Production End Ordered
The Defense Department ends F-111 production after current orders of 543 aircraft are fulfilled by 1974. The program began in 1962 with General Dynamics, amid praise from McNamara, but crashes and disappearances during Indochina missions spurred controversy. Production halt follows Deputy Defense Secretary Clements announcing the decision at Fort Worth, Texas.
MENTIONED IN THIS ARTICLE
Mike Shanahan
Washington
Defense Department
General Dynamics Corp
Baldr
Pentagon
Defense
William P. Clements
Air Force
General Dynamics
Robert 8. McNamara
McNamara
Indochina
Cambodia
Clements
Fort Worth
Texas
Navy weighs action against POW officers amid misconduct probe
Rear Adm. James Stockdale sought legal guidance on possible misconduct charges against other POWs. Pentagon sources say formal action against two officers, one Navy and one Marine, was under consideration while nine to ten Air Force officers faced scrutiny. Separately, University of New Mexico negotiates with union after talks broke off, and two of eight women admitted to Navy flight program drop out.
MENTIONED IN THIS ARTICLE
Wasnigiyn Jar
U.S
Navy
James Stockdale
Stockdale
Pentagon
Wey
San Diego
Hawaii
Air Force
Theodore W- Guy
Hanoi
Pensacola
Fla
Ens
Jo Anne Hellman
James Wilsey
Los Angeles
Kathleen McNary
Plainfield
Pensacola Naval Air Station
Rosemary Morris
Calif
Douglas Conatser
Mexican Gang War Hits Texas City
In San Antonio AP report two gangland style deaths in south Bexar County renew focus on Fred Carrasco, a Guadalajara prison escapee and reputed narcotics kingpin. Victims Garcer and Garcia were linked to a revenge list tied to Carrasco, who faces murder charges in a tavern shooting and federal parole violation warrants.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Fred Carrasco
Guadalajara
Mexico
the Beast
Gilbert Escobedo
Escobedo
Carassco
Mike Hernandez
Carrera
Carrasco
Double-Cross Plot Tangles Gang After Leader Arrest
Police identify 12 men on a revenge list. five slain, two in custody, five at large. Federal and murder warrants loom as investigators probe Car rasco’s role in more killings. Garcez and Garcia shot, bodies found near a mint-condition 1930 Ford Coupe. Garcia and Garcez linked to heroin and cash seizure with a third man last summer.
MENTIONED IN THIS ARTICLE
Carreon
Hernandez
Carrasco
Shell raises crude oil prices in Southwest region
Shell Oil Co increased crude prices 35 to 45 cents per barrel for about 395,200 barrels daily in New Mexico Oklahoma and Texas to match market moves after Sun Oil did the same. The 45 cent rise applied to 1,500 Oklahoma sweet crude and 10,000 barrels sour crude while 272,000 barrels of West Texas New Mexico sour crude plus other regional crude grades also saw hikes.
MENTIONED IN THIS ARTICLE
Houston
Shell Oil Co
Southwest
Shell
New Mexico
Oklahoma
Texas
Sun Oil Co
J. K. Moore
Rocky Mountains
West Texas
Four Corners
East Texas
Bryan's Mill
Tex
Frost Carbondale
North Carbondale
West Texas-New Mexico
U of A Head Quits After Three and a Half Years
University of Albuquerque president Frank Kleinhenz announced his resignation effective August 1 after three and a half years. He will stay on the board and executive committee, pursue writing, and devote time to crime prevention task force work and the chamber of commerce. The board will begin considerations to fill the vacancy on June 13.
MENTIONED IN THIS ARTICLE
Albuquerque
N.M
University of Albuquerque
Frank. Kleinhenz
Kleinhenz
Chamber of Commerce
Kleinhens
Rer
John Carroll University
Ohio
St. Joseph's College
Wheat Crop Endangered in North Texas Harvest
In Wichita Falls Texas AP reports that part of the bumper North Texas wheat crop may go unharvested due to fuel shortages and apathy toward the federal allocation program. Custom haulers need fuel to travel to fields and after arrival to move grain, with diesel most scarce.
MENTIONED IN THIS ARTICLE
Wichita Falls
Tex
North Texas
Texas
Oklahoma
Agriculture Department
Kansas
Fort Worth
Corpus Christi
Houston
Also Mentioned on This Page
Ike
Gallup
Silver City
Monen Saving
Ainties
Babli
Gomypans
Reine Tht & Power Company
TALS
University of New Mexico
Communications Workers of America Local
Phillip Alarid
University
Incas
Alarid
Texas City
U of A
Country Club
Pete Dominguez
Tyrone
Elks
International
Linda Vista
Bayard
Highway 180
Hanover
Lake Roberts
Arenas Valley
University Area
W. Broadway
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