13 Feb 1973
Page 1
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Newspaper
The Times Herald Record
Location
Middletown, New York, United States of America
Date
Feb 13, 1973
Page
1
A wreck blocks four Hudson Division tracks just south of Yonkers. One workman was killed in the incident, with crews working to clear debris and investigate the cause. Local authorities and railroad officials coordinated emergency response and safety assessments.
Washington reports the dollar will be devalued by 10 percent to end the world currency crisis. Treasury Secretary George P. Shultz says the move, tied to a new trade bill and capital flow reforms, should improve the balance of payments and benefit American workers and businesses. The action makes foreign goods costlier for Americans while U.S. products gain price competitiveness abroad, marking a second devaluation in 14 months after Nixon’s 1971 move.
Financial chiefs held an emergency conference as the dollar weakened amid global speculation that an international monetary meeting would convene in Paris. Markets closed, but unofficial trading showed the dollar dropping while gold rose to 69.50 an ounce in London.
Published every morning Monday through Saturday by Grange County Publications Division of Otta way Newspapers Inc at 40 Mulberry St Middletown NY 10940. Rates list home delivery 90 cents per week, newsstand single copy 15 cents, Sunday Record 20 cents. Postage paid at Middletown.
A UPI survey released on the opening day of France's election campaign indicates the Socialist Communist alliance leads the Gaullists by a wide margin. The public vote for 490 seats begins with six candidates per seat and shows 47 percent for the Socialist Communist bloc, 35 percent for the Gaullists, and 17 percent for centrists.
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