01 Jun 1973
Page 1
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Newspaper
The Hays Daily News
Location
Hays, Kansas, United States of America
Date
Jun 01, 1973
Page
1
The American dollar weakened to record lows at European opening and gold surged to new highs. Frankfurt saw the currency slip nearly five pfennigs in half an hour while bullion traded at about 119 dollars an ounce in London and Zurich. The decline followed Ascension Day holidays, with Paris and Zurich also reporting record lows.
In Frankfurt the franc fell to 3.0650, opening just over one pfennig lower at 2.7040 marks and recovering to 2.6750 after dipping to 2.6570 as nervous trading persisted against the dollar. London gold rose to 119 dollars, Zurich gold climbed to 118.75, while Hong Kong gold eased from a record 115.31.
Washington D C Congressman Keith Sebelius announced a one year extension of the Public Health Service Act, enabling Kansas officials to review health care programs. The House approved 372 to 1, enabling the High Plains Mental Health Center in Hays to maintain programs and explore permanent funding. The measure advances to a Senate House conference for differences resolution. The center serves 20 counties and about 130 000 people, emphasizing rural health needs.
A Fort Myers sergeant investigating a minor crash on a Caloosahatchee River bridge cited four women for drunken driving. While writing DWI charges for two drivers, a third woman crashed into the officer’s patrol car. After arresting her, a fourth driver honked and hurried away, earning a DWI as well.
In Reykjavik an Icelandic government spokesman said 10 to 20 British trawlers rammed an Icelandic tugboat three times, risking sinking. In London the British Trawler Federation reported two Icelandic gunboats rammed two British trawlers in a fresh flare up over Atlantic fishing rights.
The Postal Service urged truck drivers to operate at moderate speeds to save gasoline and ordered engines turned off when trucks are not in use.
Kansas faces a major fuel shortage as the 344 million bushel wheat crop approaches harvest. Farmland Industries warns ongoing crude oil shortages threaten agriculture, with refineries running at low capacity. Oil executives cite aging capacity, limited new builds, and a push for Alaska pipeline to ease supply.
The Bureau of Labor Statistics reports unemployment at 5 percent for May with 4.4 million out of work and an 84 million labor force. Nonagricultural payrolls rose 150,000 to 75.2 million while rates for blacks and other minorities edged higher to 9.4 percent. Average hourly earnings rose two cents to 3.84, with weekly earnings up to 142.46 amid a modest job increase and ongoing economic expansion.
George P. Gatschet aged 33 Ellis County Juvenile Officer resigns effective June 14 to become Director of Development at St Anthony Hospital. He will start June 15 to expand hospital services in Northwest Kansas. Mike Berry, 25, will replace him after a two week training period. Berry is a Fort Hays State 1970 graduate and ex Hays Daily News reporter. He assumes the county juvenile officer post on June 15.
The Nixon administration submitted a mid year federal budget review to Congress showing government income $17 billion above January estimates. Deficit forecasts were cut to $18 billion for 1973 and $8 billion for 1974, with gains mainly from income taxes amid a booming economy. Unemployment held at five percent in May.
The Senate passed a bill to provide 2 million dollars in scholarships for medical students. Sponsored by Senator Bob Dole, it would fund 500 scholarships beginning next year. Dole said the program aims to ease doctor shortages in rural and urban ghetto areas by requiring a year of service for each year of support, with recruitment to send students from those areas to medical school and back to practice locally.
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