Wholesale Prices Jump as Nixon Freezes Rates
Wholesale prices rose 2.4 percent in June the fastest since 1951 while unemployment edged down to 4.8 percent the first sub 5 percent reading since 1970. The report ties the surge to farm products before Nixon's 60 day price freeze and notes market dollar weakness worldwide. Banks raise savings rates and Volcker rules out another dollar devaluation amid ongoing inflation.
MENTIONED IN THIS ARTICLE
Labor Department
Bureau of Labor Statistics
Nixon
Brother Reunited With Kin After 70 Year Absence
John Trella, who left Poland with measles in 1902, reunites with 12 siblings in the United States after more than 70 years. He is visiting on a 45 day visa and plans to return to Poland July 12, noting stark differences between the two countries.
MENTIONED IN THIS ARTICLE
Trella
John
Acosta
Poland
Della
Steff
Cygo
Stella Edwards
Jan
John) Trella
Helen Socha
Walter
Steve Trella
Alan Foster
John T. Socha
Elizabeth
N.J
Kennedy Airport
Somerset
United States
Della Cyga
Walter Trella
Quecreek
Monroeville
Morzychna
Socha
No Sign Of Agreement In State Budget Crisis
Harrisburg AP reports the state government enters its sixth day without a budget as lawmakers show no progress toward settlement. Rep. H Jack Seltzer notes the 91 million gap between tax cut proposals, with Democrats offering 143 million.
MENTIONED IN THIS ARTICLE
Harrisburg
H. Jack Seltzer
Lebanon
House-Senate
Seltzer
Tax relief deadlock stalls state funds and welfare payments
As negotiations stall, Pennsylvania faces a year with no spending authority and widespread disruption. About 400000 welfare recipients miss checks, 27000 state workers go payless, and relief efforts hinge on federal action for free food stamps.
MENTIONED IN THIS ARTICLE
GOP
Welfare Department
Pennsylvania
U.S. Agriculture Department
Ford S. Thompson Jr
Helene Wohlgemuth
Erie
Delaware
Lackawanna
Philadelphia
Allegheny
Dauphin Counties
Pittsburgh
Harrisburg
Cambodian cease-fire proposal amid U S China talks in Phnom Penh
Lon Nol government proposes immediate unconditional cease-fire and negotiations in Cambodia as U S China diplomacy heats up. Foreign Minister Long Boret announces the plan ahead of Nixon Huang Chen talks. insurgent leadership may resist without pressure from China and North Vietnam.
Banks to raise savings rates to new federal ceiling
Six financial institutions in Pittsburgh announced Friday they will raise interest rates on passbook and regular savings to 5 percent, the new federal limit for banks. Mellon National Pittsburgh National and Union National banks led the move.
MENTIONED IN THIS ARTICLE
Savings and Loan
First National City Bank of New York
Pittsburgh
Mellon National
Pittsburgh National
Union National
Kissinger Keeps Open Chance Of Meeting Sihanouk In China Trip
In San Clemente Kissinger hinted he might meet exiled Cambodian Prince Norodom Sihanouk during his forthcoming China visit. The remark followed 40 minute talks with President Nixon and Huang Chen on Cambodia cease fire. He stressed no public discussions and declined to comment on peace talks, saying developments would unfold next month.
MENTIONED IN THIS ARTICLE
San Clemente
Calif
Henry A. Kissinger
Norodom Sihanouk
China
Kissinger
Nixon
U.S
Huang Chen
Peking
Sihanouk
Newspaper Bingo Starting Monday in Somerset Daily American
A new Newspaper Bingo game begins Monday with prizes up to 50 dollars weekly. Pick up blue cards from 37 sponsors across the region and play by matching numbers across issues. Winners mail or deliver cards by 5 p.m. Tuesday. weather forecast included.
MENTIONED IN THIS ARTICLE
Somerset Daily American
Roswell
Berlin
Central City
Meyersdale
W. Main St
Somerset
72 Traffic Deaths In County Total 25
The State Department of Transportation reports 1,708 Somerset County road accidents in 1972, including 24 fatal crashes causing 25 deaths. Among all accidents, 542 were injuries to 904 people.
MENTIONED IN THIS ARTICLE
Harrisburg
Somerset County
State Department of Transportation
Department
Also Mentioned on This Page
Washington
Paris
Tokyo
Herbert Stein
President’s Council of Economic Advisers
Paul A. Volcker
The
Treasury For Monetary Affairs
Cambodia
Ann Landers
Nesseseeesnes
Heloise Ee Investors’ Guide
Joyce Brothers Ee
Phnom Penh
Lon Nol
Indochina
Long Boret
Boret
Chou Enl-lai
Vietnam
Laos
Henry Kissinger
White House
Ron Ziegler
Prince Sihanouk
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