The Courier News from Blytheville, Arkansas on November 25, 1967 · Page 1
Get access to this page with a Free Trial

The Courier News from Blytheville, Arkansas · Page 1

Blytheville, Arkansas
Issue Date:
Saturday, November 25, 1967
Page 1
Start Free Trial

BLYTHEVILLE COURIER NEWS VOL. 62—NO. 215 BLYTHEVILLE, ARKANSAS (72315) SATURDAY, NOVEMBER 25, 1967 10 PAGES 10 CENTS Gold Buying 'Panic' Fails to Shake U.S. Dollar By LOUIS NEVIN Associated Press Writer LONDON (AP) - London gold dealers report buying orders are arriving in "near panic" proportions from all over fee world in the challenge to the U.S. dollar touched off by Britain's devaluation of the pound. But Washington says the dollar is safe. British financial writers cast French President Charles de Gaulle as the villain whipping on speculators in hopes of ruining the dollar and maing gold the No. I international currency. Neither the U.S. Treasury nor financial experts elsewhere joined in the finger pointing, however. In Paris Albin Chalan- don, an influential Gaullist deputy in the National Assembly, said Sie gold run was "not the fault of the French government"'but could be traced simply to private buyers who mistrust the present world financial setup. Chalandon said, "The French government in no way wishes the fall of the dollar and never wanted *e fall of the pound. "It simply notes that the international monetary system comprises grave risk because of the American balance of payments deficit. France wants as a consequence that diverse countries take measures in time to avoid an international monetary crisis in which all countries, including France, would be the victims," he added. France did help to spur the bullio flurry, however, by announcing it again would demand U.S. gold for its dollar earnings. In Washington, officials generally agreed that the U.S. gold supply could outlast the speculative fever. Reports channelled from Eu- rope to Franz Pick, a New York expert on world finance, indicated that 370 tons of gold were •sold on European markets from Wednesday through Friday's market close. Pick said $415 million was involved in that trading and estimated the U.S. gold loss at $600 million since the pound's devaluation one week ago. Other sources said this figure was too high. Normal turnover on the London Exchange, which handles the bulk of European gold business, is about 6 tons a day, although the exact figures are kept secret. More than 100 tons o? the metal were sold Friday and record sales also were chalked up in Paris and Zurich. Scenes of "near pandemonium" were reported in bidding on gold mine issues on the Johannesburg stock exchange. Brokers said Friday was the most hectic day of trading anyone could remember. Gold share prices soared in the morning but declined somewhat in the afternoon. Gold opened on Hong Kong's free market today with dealers a bit more bullish than usual but only a mild flurry of activity. There was a lack of pressure for gold from Chinese buyers, indicating faith in the Hong Kong dollar is still strong. In New York the news of the world gold run weakened stocks on the New York Stock Exchange in early trading but later prices rallied and actually managed a gain over Thursday. Fritz Berg, president of the Federation of German Industry, dismissed as "quite improbable" any speculation that the dollar might be weakened in the wake of the pound devaluation. Berg, in Tokyo on a trade mission, said the dollar will keep its present value despite efforts by some European quarters to undermine it. He did not identify tile countries. But he said he disagreed with the so-called French theory that dollars are not as good as gold and that the world's money structure must be overhauled. He said devaluation of the dollar would make international trade virtually impossible. The United States defended the dollar by continuing to meet the gold demand from its 513 billion supply at Ft. Knox at the regular rate of $35 an ounce. If the price for gold were forced up, speculators would realize huge profits, the dollar automatically would be devalued and the structure of international finance itself would tremble. Peace Moves Avert Cyprus War LOSS- .TOTAL—A fire last night com- was on Fourteenth Street, about one block- pletely destroyed a small residence which off Brawley. (Courier News Photo) SPA Says 'No,' Mayor Reports By GERALD MILLER Associated Press Writer NICOSIA (AP) — American- made Turkish jets screamed over Cyprus again today, but fears of an imminent invasion lessened as peacemakers worked on four fronts to head off a clash between the U.S.- equipped armies of Greece and Turkey. U.S. presidential envoy Cyrus Vance carried to Ankara what a Greek foreign ministry source described as compromise proposals, and met for two hours with Turkish Foreign Minister Ihsan Sabri Caglayangil. ,The plan Vance outlined reportedly called for withdrawal of Greek and Turkish troops from the island and guarantees for the safety of the Turkish Cypriot minority. The proposal seemed, a substantial Greek concession in the face of a superior Turkish fighting force. A Turkish spokesman said the council of ministers would discuss the plan before a meeting later in the day of the nation's war planning group, the National Security Council. Cyprus' ambassador to the United Nations, Zenon Rossides, had charged earlier before the "This means," Osceola Mayor Charlie Wiygul said this morning as he examined a letter from Southwest Power Administration, 'that tiiey aren'^t going to cancel this contract." Wiygul received a copy of a letter sent to Osceola Councilman R. E. Prewitt, who sent an inquiry to SPA in September. Prewitt asked for SPA's reaction to a proposal of Osceola 300 Adults Will Return To Schools Adult education classes for 300 Blytheville citizens will resume Tuesday, L. D. Harris, assistant superintendent for instruction, said today. Federal funds, which are being reduced to a trickle in many programs, ceased to even trickle for the adult education program and classes have not been held since Nov. 1. g Now, Harris says, he has been informed by the State Department of Education that funds are available again. "We're pleased to announce tht the project has been approved and that classes will begin meeting again. "We went to encourage all the adults who previously en(M SCHOOL M Page I to cancel a contract which the city has signed authorizing purchase of power from SPA. The letter, written by Douglas G. Wright of the SPA Tulsa office, said in part: "The regional soliditor in Washington with the Department of Interior has rendered an opinion in which the Secretary of the Interior has concurred tiiat Southwestern Pow-l er Administration does not have j the authority to terminate the ! Osceola power contract in the absence of a demonstrable consideration to the government or some other clear justification in law." Osceola's political structure is locked in a debate on the question: Should the city purchase its electricity from SPA or Arkansas Power and Light? A majority of the council has voted to retain Russell E. Caywood, an Engineer ot Greensburg, Pa., to examine both contracts (the offer by APL and the signed agreement with Fisher Heads Bond Drive George H. Fisher of Blytheville has been named both local and state chairman of the State of Israel Bond sale. To date, Fisher announced today, more than $24,000 in Israeli bonds have been sold in Kennett, Hayti, Caruthersville, Stccle, Manila, Osceola and Blythevillt. SPA and give them an opinion on which will best serve the city. Wiygul said this study will cost ?1,000. Sammy Davis Jr. Agrees to Separation HOLLYWOOD (AP) - Negro entertainer Sammy Davis Jr. says he has agreed to a trial j separation in his seven-year in! terracial marriage to Swedish actress Mai Britt. "I must admit it comes as a blow to me," Davis said at Las Vegas, Nev., after a spokesman announced the couple's decision Friday in Hollywood. "Mai told j me she wanted a trial separation." The couple, both converts to Judaism, have three children—a daughter, Tracey Hillevi, 6, and two adopted sons, Mark, 7, and Jeff, 3. Two days before the an- jnouncemcnt, the trial separation of singer Frank Sinatra and ! Mia Farrow was announced. Sij natra was best man when Davis and Miss Britt were married in Los Angeles on Nov. 13, 1960. An usher at the wedding, actor Peter Lawford, since has been divorced from his wife, Pat. "Certainly my not being home and traveling around so much has a great deal to do with Mai's decision," Davis said. "Our problems are a combination of a lot of things. But we hope to work it out somehow." Davis is 40 and Miss Britt is M. Security Council in New York that the Turks planned to attack by Sunday. This, he said, "is the knowledge of all governments." The new overflights by Turkish RF-84F jets today came shortly after the council voted unanimously to ask both Greece and Turkey to pull back from "the brink of war" and refrain from acts likely to aggravate the situation. Three bomb blasts, called the : work of Turkish saboteurs" by police, rocked Greek communities without causing damage or injury. There were also these moves toward peace: —The Security Council threw its support behind an appeal from Secretary General U Thant for "greatest moderation" and his recommendation that Greece and Turkey eliminate a pact which permits Greek and Turkish troop contingents on the. island. —Manlio Brosio, secretary- general of the North Atlantic Treaty Organization, arrived in Athens after Greeks and Turks agreed to accept his good offices as NATO members. "An armed conflict among allies would be disastrous and un- thinkable to me," Brosio said. —Jose Rolz-Bennett, a special U.N. representative, met with Greek leaders after trying to calm officials in Turkey. Russia urged peace, but a commentator in the Soviet Communist party newspaper Pravda accused "NATO agents" on Cyprus, of "artificially whipping up animosity." Cyprus, about 40 miles off the Turkish coast and 500 miles from the Greek mainland, lias been a center of stress for the two nations for centuries. The .island's 600,000 inhabitants are 'predominantly Greek Orthodox. I but Turkey claims the territory I as historically its own. The fear of open fighting, calmed somewhat since a crisis !in 1964 and the establishment of a U.N. peace keeping force, rose quickly after a clash Nov. 15 in which 25 Turkish-Cypriots were killed. Turkey charged that Greece was augmenting the 12,000 See PEACE on Page 2 Dateline — November 25 — SAIGON (AP) - Communist troops fired 25 to 30 mortar shells today at American positions in the Dak To sector, which had been quiet for 24 hours after the bloodiest battle of the Vietnam war. A field dispatch said their were some casualties. American artillery responded with counterfire at suspected positions of the mortar crews, presumably detailed from five Norlh Vietnamese rgeiments mauled in the three- week fight. The show of Red opposition in that region of the central highlands followed up 19 separate mortar and flarethrower attacks on South Vietnamese military posts, provincial capitals and hamlets from an area north of Saigon of the fertile Meking delta in the south. # LEWISTON, Maine (AP) — Youths battled police, kicked in doors and smashed windows Friday night when a fight at a dance attended by some 700 teen-agers turned into a riot. The youths poured outside into a park and hurled rocks through city building windows. One policeman and several youths were injured. The policeman, Gerald LeBlanc reportedly was pushed through a window and was gashed in the back by a glass sliver. He received stitches at a Lewiston hospital. The outburst reportedly was triggered when two policemen tried to break up a fight at the Police Athletic League dance in a third-floor auditorium. Teenagers pounced on the police and the crowd erupted through the building. Ten Lewiston police, unable to handle the mob, were aided by police from neighboring Auburn, state police and sheriff's officers—some 40 in all. # BARTLESV1LLE, Okla. (AP) - The headstone is to be returned to Lee Harvey Oswald's grave in Fort Worth after police found it here. The 130-pound stone's disappearance was discovered Wednesday, (our years to the day after President John F. Kennedy was assassinated. The Warren Commission said Oswald was the assassin. Capt. Joe Glenn, Bartlesviile detective, said the stone was turned over to police in a downtown park through a third party "who we thought -might be able to help us, and he did." ('We're not disclosing who the intermediary was," Glenn said. He did indicate, however, that two Bartlesviile teen- ig* youlhf took th* tlon* at • practical jokt. The Short, Slow Cotton Harvest May be Over Pending . good weather, the Blytheville Cotton Classing Office of -the U. S. Department of Agriculture predicts guardedly most of the remaining crop will be harvested in about a week. Harvesting resumed on a limited, scale the middle of last week and was going full tilt by the weekend. vious week. . The sharp decline in quality placed Strict Low Middling Light Spotted as the predominant grade at the beginning of this week. Staple lengths at the end of last week were much the same as that of the previous week, however, lengths were shorter The cotton outlook remains ! on samples received from many bleak for Northeast Arkansas, Points. damage caused by freezing temperatures early in the month being heavy throughout the five counties served by the classing office. Yields are much below normal, with many ginners reporting that they are already at least halfway through for the season. Last week, the classing office received 17,784 samples, bringing the seasons' total as of ^ov. 20 to 54,343, compared to 141,783 the same date last year. The quality of receipts fell off last week, 61 percent grading Strict Low Middling and higher, as opposed to 85 percent the previous week. Another 20 percent of class- ings graded Low Middling plus and lower White, while 18 percent were Light Spotted, compared to five percent the pre- B rooks Still in Jail NASHVILLE, Tenn. (AP) — Fred Horace Brooks, a Black Power leader who told a Senate Micronaire readings moved downward last week, 81 percent measuring in the 3.5-to- 4.9 range, against 87 percent a week earlier. The downward trend continued early this week. Prices for Northeast Arkansas cotton continued to rise, increasing from 100 to 450 points on area markets last week. Many producers are holding ginnings in anticipation of an even better market. Mixed 1 lots consisting of Low Middling and higher grades with 1-3-32 and longer stapla lengths were in greatest demand, bringing 35 to 37.50 cents per pound. Middling and higher grades of the same length were selling for as much as 38 cents per pound. Cotton with 1-1-16 and shorter lengths was bought at prices ranging mostly from 1,000 to 1,150 points above Commodity Credit Corporation loan rates. Sales have been slow on cotton ginned since last week's rain. Cottonseed prices stabilized at $52 to $65 per ton last week. ! It Beats Me * : — by herb wight — • (Courier News Managing Editor) "I would like to know why dogs of every shape, size and, most of all, temperament, are allowed to run wild all over town and especially around the schools, without any restrictions simpy because they are wearing a tag, and are 'neighborhood' dogs. A neighborhood dog is as much a nuisance as one from across subcommittee this week he: town „ _ Mrs j F-j c ity . thinks Negroes should take pow- means," remained in jail today on a charge of refusing induction into the Army. Brooks, 21, was arrested at his home Friday— 48 hours after U.S. Dist. Judge William E. Miller refused to block prosecution. He was unable to make $5,000 bond. The Student Nonviolent Coordinating Committee leader, voicing opposition to the war in Vietnam, refused to be inducted after he was reclassified as 1-A, The reclassification came aft- cr he w3S susocndcd from Tennessee A&I State University on grounds of showing disrespect to university officials as a result of riots in the Negro col- Brooks was director of a "Liberation School" for young Negroes during the past summer. The school lost its federal backing after Senate investigators were told Negroes were pting toW to bat* whites. In the east nine months the city has picked up 793 dogs and disposed of 656 of them, according to Police Chief George Ford. From January to May the city picked up 607 dogs, dis- A check of a Fayettevilla directory lists George J. Holzwarth,Laboratory Animals and Suppies. Holzwarth, contacted by telephone, said the animals he purchases from city pounds are sold to laboratories where they are used for research purposes He said he is the only federally - licensed dealer in the state authorized to sell dogs to laboratories. Under Public Law 89-544 Holzwarth said, he must maintain records on all dogs he purchases, must hold the animals five days before selling them, must properly care for the an- posing of 485. j imals while they are in his pos- In June the number of animals picked up dropped sharply, and through October the city picked up 186 and disposed of 171, according to Ford, I use the expression "disposed of" because not all of the animals are killed at the city pound, according to Ford. "The last week of August we started selling the dogs to Holzwarth Company of Fayetteville," Ford said. Since that time the city has received $204 from selling the dogs, he said. Osceola Police Chief Ray Rigsby said that city was contacted by the Fayetleville firm, "but the City Council turned it down." _ . . session and "my place is sub ject to inspection." Contrary to popular opinion, using animals for research is widespread. Even students at city schools disect frogs and cats (among other creatures) id"" See WIGHT on Page 2 iiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiniiuiiiiiiiiiiiiiiiiiiiiiiiinimw Weather Forecast Fair and a little wanner tonight. Considerable cloudiriesf Sunday with occasional light rain and not much change, .in temperature. Lows tonight ii |t,A AflQ It. .; lilt tU.3. ^*>* IIHWIIMIIIIIIIIIIIinillllllllMiniMHMHI

Get access to

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free