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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 06, 1973
Page
1
The June unemployment rate fell from 5.0 to 4.8 percent with total employment rising by 650000 to 84.7 million. Teenagers drove much of the decline while adult women rose to 4.9 percent and men eased to 3.2 percent. Illinois jobless numbers edged down as flooding recalls boosted figures.
AP survey of major retailers finds some shortages but most items available. Large chains fare better. smaller firms report gaps especially in fresh fruit and vegetables. Officials warn shortages could worsen after the 60 day price freeze ends. some chains sell at a loss to clear stock while farmers cite higher feed costs.
The government and agencies boost passbook savings to five percent retroactive to July 1 and raise the insured mortgage rate to 7.34 percent. The changes, set to take effect after Congress extends FHA and VA mortgage guarantees, reflect rising demand for loans and efforts to curb rapid business expansion.
Two top banks in New York state National City Bank and Continental Illinois National Bank lifted their prime lending rate from 8 to 8 percent effective Monday. The move, following Midlantic Banks Inc. and a 4% rise nationwide, signals tighter credit after Federal Reserve anti inflation steps and could presage broader rate increases.
The California State Bar Association asks the Senate Watergate Committee for information that could link John Ehrlichman and four others to the Watergate scandal. The request named Herbert Kalmback Gordon Strachan Robert Marcian and Donald Segretti and notes they had surfaced in media coverage. همچنین other developments include Egil Krogh invoking the Fifth Amendment and District Attorney Busch stating indictments will be sought for former White House aides in the break in.
The Wholesale Price Index climbed 2.4 percent in June, the sharpest gain since January 1951, with seasonally adjusted rise at 2.3 percent. Farm prices jumped seven percent, the largest one month increase in records since 1947. Unemployment fell to 4.8 percent, first sub five percent since 1970, as Nixon announces a 60 day price freeze affecting wholesale, retail and manufacturing sectors.
Foreign Minister Long Boret urged an immediate unconditional cease-fire to end the three year war with Khmer Rouge and North Vietnamese allies. He said talks could begin without a precondition of withdrawal and rejected Sihanouk as a sole peace representative. The rebels were expected to reject the plan as bombs fell near Phnom Penh.
Defense Secretary James R. Schlesinger said Nixon could seek fresh authority to bomb Cambodia beyond the Aug. 15 cutoff if the situation worsens. He noted daily bombing would stay near current levels, with about 40 B52 strikes and over 200 tactical strikes, as Phnom Penh’s government seeks strength to fend off rebels ahead of the deadline. In Annapolis, the Maryland Court of Special Appeals upheld Arthur H. Bremer’s conviction for the attempted assassination of Alabama Governor George Wallace.
Atty General Elliot L Richardson says standard commutation rules were followed in the federal release of Angelo DeCarlo known as Gyp after Sen Henry Jackson claimed the process bypassed safeguards. Jackson accused Kleindienst and Dean of bypassing normal procedures in arranging executive clemency for DeCarlo who served 19 months of a 12 year sentence.
American Airlines disclosed it funneled corporate donations to President Nixon's campaign in 1971 and 1972 after legal counsel Herbert Kalmbach requested 100000 dollars. Chairman George A. Spater offered no comment. Archibald Cox termed the confession voluntary and noted it may affect charges. Weather: fair tonight warmer with 70s lows. Saturday hot and humid highs near 90. Sunday through Tuesday partly cloudy with possible showers.
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