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Daily Press from Newport News, Virginia • Page 2

Publication:
Daily Pressi
Location:
Newport News, Virginia
Issue Date:
Page:
2
Extracted Article Text (OCR)

ul Results 'Usel onetary Talks Achieve Established 1896 Published Morning and Sunday by IHE DAILY PRESS, INC. sterling to let it find Its own level, lias brought the new. parity decisions reached at the Washington conference last December into question. on policy for handling the monetary crisis that hus been dragging on for more than .8 year, Its latest twist, the British decision to float the pound Telephones 244-8421. 693-2111 887-5ROS Offices Newport News Hampton Williamsburg Gloucester Smithfield Yorktown on the British pound and its subsequent devaluation dominated the first of two days set for the semi-annual French-German summit session.

"Circumstances were such that this time we especially concerned ourselves with monetary problems," Brandt said in an afier-dinner toast 7505 Warwick Blvd. 137 North King St. 310 North Boundary St. Court House Square South Church St. Church St.

BONN LTD- West German Chancellor Willy Brandt said Monday night he and French President Georges Pompiifcu achieved "useful results" during daylong discussion of the unsettled international monetary situation. Monetary questions aggravated by last months' attack Monday for the two day meeting. Bonn officials rated the talks as very important for two main reasons: They might determine whether the projected summit conference of government leaiters of the enlarged 10-na-tion Common Market takes place in Paris this October as planned. They could lead to closer unity between Paris and Bonn Virginia. H07 unu WT- 7VH Warwick Nowpert Ntwl, NATIONAL ADVERTISING REPRESENTATIVE: Sawyer-Ferguson-Walker Company 245 Park Avenue, New York, WMKLV MOMi OlUVtltV IATII CARRIM AND MOTOR BOUTM Mwnnf uny Mornntnlr Sunday onlY 1H FIRST CITY DANK DOES IT AGAIN! Beino first has become a tradition at First City Bank First to bring you no-service-charge checking accounts Profile Statements and longer, more convenient Peoole Hours! First City now brings you a unique new idea in customer service MAIL SUBSCRIPTION RATE! IN U.S.A.

Bobby Fischer Induced To Bejrin Chess Match mar told a news conference. The monetary discussion was linked to proposals for a meeting in October of the heatfs of government of the six Common Market monitors plus those of Britain, Ireland, Denmark and Norway, who are joining the Community Jan. 1. Informed German sources said the French and German ministers of finance, meeting separately during the forenoon, agreed the six Common Market members must continue to maintain the fixed exchanges rates of their currencies against the U.S. dollar.

This represented a victory for France's V'alery discard Destaing and a concession by Germany's Karl Schiller. French Foreign Minister Maurice Schumann also met privately with his Bonn opposite number, Walter Scheel. Pompidou and his delegation flew in from Paris early MORNING AND SUNDAY J. Month S1.H M.U Yar Montht 1 Monlhi oo S2S 0O SU 0O S34.00 Sli.50 SJO.OO S20 SIO SO 3.59 LANDSCAPING Riiidmtiil i Commercial MORNING ONLY SUNDAY ONLY i McDonald to Pompidou. "And 1 am happy lo be able to slate that we are accomplishing useful results." Brandt spoke at the conclusion of a dinner at Gymn-ich Palace, a Baroque structure with older gothic sections which belonged for centuries to the family of a famous German crusader.

The German government began using it as a guest house only last year. Brandt refrained from going into details of the agreement shaping up on monetary matters. But informed German sources said part of it included an undertaking to maintain fixed exchange rates for Com-m Market currencies against the American dollar, rather than freeing them to find a new level in yet another devaluation of the dollar. The two leaders spent most of their forenoon meeting discussing the monetary situ-a i German spokesman Ruediger von Wechmar said. After lunch, they changed their agenda in order to bring in their foreign ministers and ministers of finance and economics for an even more in- tensified negotiation on the monetary matter, von Wech- SERVICEMEN 1 STUDENTS: Morninj ft Sunday.

menrhl M.M, month! tlt.SB I including APO ft FPO) Mail aubicrlptloni ara payable in advanct. Mail lubicriptloni art not accaptabia In artai that ar ftrvlctd by our homo dalivary carrltrt. Second clan postage paid at Newport News. Va. MEMBER OF MAJOR NEWS SERVICES AND AUDIT BUREAU OF CIRCULATION Phone 722.7463 REYKJAVIK, Iceland (AP) Bobby Fischer was reported ready Monday night to meet Soviet titleholder Boris Spassky for the world chess championship and a prize pot sweetened by $130,000 from a London banker.

(w) ESS mum I KEEB TV SERVICE? I CALL THE PROFESSIONALS I LEE HALL TV I I 887-S600 887-5621 The Atjoclated Frew li entitled to u.e tor publication all new. WMChM credited to it or not otherwise credited in this paper. All riohts ot publication ol tPfcol dispatches herein are also reserved. Weather Pieture begin at 5 p.m. today 1 p.m.

EDT po from the same time Sunday at Fischer's request. The Russian'- from here in IeelaM to the Soviet Chess Federation in Moscow, protested tlu fact that the World Chess Federation FIDE gran ted a postponement of Fischer's abearance. When Slater offered to put up his uvn money as an extra indue. tre grandmaster, he stated: "Fischer has said that money is the probhm. Hire it is.

What I am saying to Fischer now is 'come out and COMING TO FIRST CITY BANK JULY 11713 NATION! WfAtHM SH VIC I tOXCASI to 7 em I SI 7 -71 30.00, 30.24 HAMPTON COLLECTIONS Paul Marshall, a lawyer in New York for Fischer, said the 2 9-year-old American challenger had accepted banker James D. Slater's offer of the extra prize money and wold be in by the today noon deadline. Earlier Monday, the sponso-s of the championship match turned down Fischer's bid for a cut of the gate receipts in addition to the prize money previously agreed on. and iNVtsiiiiAiiUNS inc. HAS MOVED from 22 WEST PEMBROKE AVE.

TO 1799 II. ARM I STEAD AVE. PHOIIE 838-7691 FASHIONS FOR THE FAMILY HIGHISI TIMMIMUIIS ytSS 1. 10-nT7JjJ mim' Olrrti! VJ3000 vvvYiSj I "GtNP- 1 Marshall quoted Fischer as saying of Slater's proposal: "I gotta accen it. It's a stu- pendous offer." He said Fis- cher considered t'-e gesture "incredible and generous and I brave." Slater said in London he re- i KEED MOKEY? DO have a happy 4th li it I4 iif IA-J ve're 1 closedj VH Wf AIMUfOIOCASl to available now Cooler, Showers Likely 1972 TUESDAY MJ lOtW NEW LOW Payment Plan 7 Highs near 80 and low In the mid to upper 60s.

TIME AND TIDE DST Sun Rises 5:50 Sun Sets 8:28 High Tides 3:33 a.m., 4:19 p.m. Low Tides 9:42 a.m., 10:40 p.m. 4U. 000 1 yr 1 bee it ime it is-RCA 100 Solid State AccuColor TV ItiW" PI 2nd, 3rd Mortgages 95 I sun I AccLtCokx FREE INFORMATION EXPERIENCED COUNSELORS IN HAMPTON IN NE WPOR NE WS 54 247-0441 595-5501 595-5573 Mffikemlot Cm J.lOle- IN RCNCITM PAY ALL BILLS Mitt unci nnnui II! MIM sritn mi GET EXTRA CASH A n.Mle (HiiortMlu tn'itm, T-s tip th.mis ir' RCA ItV. Sol.d -jMle Ali-oCoIpi to lunvrie Po'-'ui bOO Ai l- lo'e tune H('fl tmesn Autnndiic- Fifit Tumni) and A-1 uWd-tir.

Color lor it) h'l'ii) vou lu'uiy vitwinii fiiovnieni Come if and Me if Chance" of showers today and tonight. High today near 80 and low tonight in the upper 60s. Wednesday, showers ending with highs in the upper 70s. Probability of rain is 50 per cent today and tonight, and 30 per cent Wednesday. North to northeast winds 15 to 25 m.p.h.

today, and northerly 10 to 20 m.p.h. tonight and Wednesday. For the 24-hour period ending 7:30 p.m. Monday, the high was 92 degrees, and the low was 72 degrees, according to weather instruments at the Daily Press. The temperature at 7:30 p.m.

was 85 ddgrees. There was no precipitation. EXTENDED FORECAST For the period Thursday through Saturday Fair Thursday and Friday with. a chance of showers Saturday. SPECIAL SERVICE TO WILLIAMSBURG both stores cosec- so all our associates can have a well deserved day to enjoy the holiday! ceived confirmation of Fischer's acceptance by telephone and had been told the challenger planned to fly to Reykjavik.

Fischer must arrive in Reykjavik by noon today 8 a.m. EDT or forfeit Hs chance at Spassky and the The first game is to Protect Dack-Country WASHINGTON (AP) A trial program to protect some fragile back-country areas, by limiting each area's use to the number of persons it can accommodate without environmental damage, has been started in three national parks. The three are Kings Canyon National Park in California, Rocky Mountain National Park in Colorado, and Great Smoky Mountains National Park in Tennessee and North Carolina. The program applies only to the back-country of the three parks, not to normal visitor usage of developed areas within the parks. 25" Diagonal Pkfure AND GLOUCESTER AREA for foil Inter motion MaI to I WASHINGTON (AP) National Weather Service report of maximum temperatures tor 12-hour period, minimum temperature for IB-hour period and precipitation for 24-hour period ending 7 p.m.

Station Pr. Station fr. Albany 78 56 .07 Jaxville 97 72 Am'rilo 71 60 .06 nCitv 7S 64 Ash'vil 85 58 Key West 90 83 Atlanta 90 68 Lit. Rock 82 70 1 21 Bir'ham 88 70 .14 Los Ang. 81 Bism'k 65 44 .02 Lou'vile 85 70 .74 Boise 84 50 Me'phis 82 70 2.19O Boston 85 69 M.

Beach 85 83 Buffalo 60 58 .44 Mil'kee 61 55 .06 Burl'ton 66 52 .64 Mpl-St 69 53 .09 C. Haras 86 76 N. Orl'n 94 75 Char. S-C 94 74 N. York 86 74 .22 Chariot' 91 65 .41 Phila 89 74 Chicago 58 54 Phoenix 110 75 Cin'nati 83 69 .34 Pittsb 75 66 .05 Clevel'd 64 60 .44 Port Me.

78 61 .03 Col'bus 68 64 .18 Port Or. 92 67 Denver 54 47 .10 Rich nd 91 71 .04 Moins 78 60 St. Louis 78 65 .02 Detroit 74 55 .22 Lake 86 57 Duluth 55 43 .11 SanAnt'0 94 78 G'boro 88 64 Frisco 63 57 Hon lulu 88 75 Seattle' 90 66 Houston 93 80 Tampa 93 78 Ind'pls 80 68 .04 Wash'tn 91 71 .09 0. io 114, Wyih Slalhn Hamplrn, Virginia 13341 Trade-in's Accepted IEE HAM 19 Elmhors, Lee Hall, Va. 887-5621 2374 Beechmont Denbigh, Va.

877-4224 33005 Mercury Va. 838-8985 FOR QUALITY SERVICE CALL S87-S600 Jnim the epestft FnirstS: Fedeaall mmssmissr gamme. TWT Tax Creates Confusion 1 lilMMl. collections are only the beginning of a terribly unjust burden on airline passengers all over the country," said Stuart G. Tipton, ATA president.

Philadelphia city officials said Monday they would make it clear to passengers that stiff fines and penalties await those who refuse to pay. sMI IW PETLAND has relocated at MERCURY PLAZA HAMPTON 2 doors from GIANT OPEN AIR) OPENING SPECIAL CLOWN LOACHES Reg. $4.99 Now $2" Over 120 Aquariums on display! I 10-GAUON ALL GLASS AQUARIUM REG. $12.19 $9.99 PHONE 826-2952 Continued From Page One fused and went through the time-consuming procedure of completing the form." Airline representatives said they are prohibited by law from refusing tickets to per- sons who paid the published fare, regardless on payment of the $2 tax. Philadelphia city officials said steps would be taken to collect the delinquent taxes.

But airline representatives said some passengers even refused to give their names on the taxdenial forms and thus could not be traced. The city has proposed also to fine the airlines $100 to $300 for failure to collect the tax. "Unless Congress acts to preempt this field to the federal government the new HAMPTON'S 3HISS SilOIP t. 1 Items Made By Local Craftsman 197 W. Queen Street Downtown Old Hampton MARINER LODGE 115 A.F.

A.M. A stated communication will bt held in tht Masonic Temple, Den Entrance Off bigh, Newport News, Va. at 7:30 Tuesday, July 4. Rejular Settler's landing Read Pass GO. Collect You can join the great First Federal money game with a deposit of $15,000 at the current 6 rate in six years, it interests are compounded, it will become Then, you can buy the "Board Walk" of your dreams.

business. Vlsitin brethren fraternally Invited. By order ol J. W. Oliphant, W.M.

E. S. German secretary and $21,442.54. Sears personal fl Or receive $14,084.93 Just deposit $10,000 at the current rate and, in six years, it will become $14,084 98. than taking a ride on the Reading Railroad or winning second prize in a beauty contest! 7 even better Sears famous nationwide guaranteed watch RECONDITIONING SALE regular $12.95 I Yrar we will at no coat lo you, repair or replace ny defective part or workmanahip, lurniaiied by uj, for one full ytu from date of repair.

Our guaranteed tervice inclodra: cleaning of watch movement rleanitiK afld pnlishinK the atrh ease and band electronic time-tesltnK and Earn 6 on two year Savinqs Certificates dividends paid or compounded auarterlv An 1.1 nnn rr mrna mnll.nln. linn r- i vi jiuu dmuuuis. catn account is insurable to oy l.i O. Earn. 5l4l0 on one year Certificates, dividends paid or compounded auarterlv on 10finn nr mcro in m.ill.nlrte nl inri ion rtrt, ui iiuu diiiuuiii.

C4cii account is insurable to iu.uuu oy r.s L.i o. Get Virginia's most popular checkbook and write as many checks as you like no minimum balance and no monthly service charge. Stop in today, and see why EarII'c5nnn0 00 6 Savings Certificates, dividends paid or compounded qua. truly by I c' m0r 'n 01 $10 tach account msu-able to $20,000 Earn 5 on Passbook Savings, no minimum or maximum depr.s.t no withdrawal notice, daily interest from day of deposit to day r.f withdrawal paid or compounded quarterly. Each account is insurable to $20 000 by I A We've got to do more thorw bank.

2 adiUhlitiK tor maximum ac cural chrinoKraihK, automatics fcliKhlly higher damaged parts or rusty uatchea slightly higher t.HAR(jE IT on Seart Revolving Charge On LTh and, ar Sbioct 10 change or modifications drpendm Board ol Directors actions, governmenf controls, market conditions Federal Home loan I Board and Federal Savings and Loan Insurance Corporation rules arid regulations. Bank Citizens Marine United Virginia Bank FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION Sears NEWPORT NEWS 2600 Huntington Avenue 247-1271 liter 2916 Washington Ave Newport News 217 Foxhdl Fid Hampton Warwick Blvd Denbigh.

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Pages Available:
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Years Available:
1898-2024