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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 26, 1971
Page
1
The dollar hit a low not seen since Nixon's economic program as European markets moved, with leading Swiss banks agreeing to curb dollar purchases. They will cap purchases at 2 million dollars daily when the dollar trades between 3.95 and 3.96 francs and at 1 million when the rate dips below 3.95.
The Commerce Department reports a July deficit of 304.1 million dollars, extending a seven month red ink streak to 676.4 million. Imports totaled 3.798 billion while exports reached 3.494 billion as Nixon plans measures to defend the dollar.
General Tire and Rubber Co. weighs sites in Southern Illinois for a major new tire plant potentially employing over 1,000 and demanding about 1.5 million gallons of water daily. Mt Vernon is among top Area candidates with no firm decision yet amid ongoing site options in several states.
Illinois State Senator William Lyons 51 of Gillespie died in Clayton Missouri from toxic hepatitis. His death leaves Democrats and Republicans in a 29 29 tie in the Illinois Senate with Lyons absent. Lyons had served 22 years in state government. Survivors include his wife Edith two sons two daughters two sisters and a brother. Services set for Saturday in Gillespie.
Governor George Wallace urged Alabama lawmakers to bar long distance pupil assignments when parents object. A bill ready for introduction would force boards to transfer students to their chosen school if long distance busing risks children's health or impedes education. He noted Supreme Court language supporting busing under certain conditions. House members gave him a standing ovation.
Tonight fair and cooler with lows in the lower 60s. Friday mostly sunny and pleasant with highs in the lower 80s. Saturday fair and mild. Maps and sections listed include Classifieds Comics TV Bridge Crossword Editorials Sports.
Government eases wage freeze for most teachers with contracts started before Aug 15. Eligible teachers may be paid over a 10 month period, not 12, to align summer and fall pay. School boards decide final raises while unions press for escrow of frozen funds and caution against future controls.
The Associated Press reports teacher strikes in Decatur De Kalb Rantoul and Peoria Illinois risk delaying classes for more than 54000 students. In Lesser teachers plan to start on schedule after a contract was agreed. Decatur considers court action to reopen 39 schools. Pay remains disputed with proposed ranges from 7500 to 15300 dollars.
Billy Middleton, 6, of Potts town, Pa., planned to fish but dangled a worm in front of neighbor Sandra Dobbs, 5. He says worms make good bait and super pets, but the tale ends abruptly with no clear outcome.
Lawrence Eichler, Herrin plant VP, says Consum er's Reports endorsement of Norge washers and related products boosted orders from Montgomery Ward. He expects a six day workweek soon. Vic Reback, Allen VP, notes steady 450 to 500 workers and plans unaffected by data processing move. He cites Nixon tax cut as potential auto sales lift.
The Commerce Department released a midyear review declaring solid and sustainable expansion under way with inflation leveling off and unemployment dropping. An addendum noted improved prospects from new programs, while major indexes trended upward and home building and consumer spending show strength.
Rioting for the second night at the California State Fair injured three officers as about 500 youths threw boards bottles and rocks. Tear gas dispersed the crowd and 10 people were arrested while officers faced smashed windows and overturned cars near a lagoon where youths seized fiberglass boats.
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