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The Springfield News-Leader from Springfield, Missouri • 8

Location:
Springfield, Missouri
Issue Date:
Page:
8
Extracted Article Text (OCR)

8 Sat. Jafy IS, 171 jrtegfirldMoailg2CrtDJ 'Touched in the Head' Soviet Chess Fans European Nations Fight Pressure Against Dollar Upset With Fischer mm I wkrrf fkiom hmpprmt! Saturday only! By BOGEI LEDDLNGTON "Fischer's nothing more th as of the European currencies ia cheaper dollars are good this country. But actually terms of each other tbe pound MOSCOW (AP) Moscow's park bench chess players used to call iim "Bobby." Now It's "Fischer." They used to respect and evea privately root for the currency instability is would still buy the same number of marks, for instance. But tbe float would allow the value of the dollar to change as its supply and demand fluc good and it can lead to other restrictions. For instance, it could cut the flow of capital into more America who wants the world chess enown.

They dont any 5 all it I productive areas. We ha vent more. tuated. The result of this would "He's slightly touched ia tbe head," muttered a chess enthusiast as his opponent pon reached that stage yet, but it is possible." A "clean float" is one in which the value of a currency is dered the next move on a board be a cheaper dollar and the people who have sold dollars for marks could buy them back cheaper. The floati which existed from August to December last year.

a capitalist," one bearded player complained. him busi-oess comes before sports. The sews media here ha vent devoted much attention to the chess match, but the average Russian chess player knows Fischer is down two points and that Spassky hasnt even begun to fight Confused at first, but wffling to accept the American's desire for more money, most of tbe park players now attribute Fischer's latest demands to fear of defeat at the hands of the world champion. To the accompaniment of his comrades' nodding heads, an elderly Muscovite explained that "Fischer is creating a big hullabaloo about nothing cause he thinks he's going to artificial alibi in case be needs to justify a defeat," controlled entirely by supply balanced across a bench. i i About six million Russian take chess seriously and there's a growing feeling among them and demand.

A "dirty" float is one in which the value is affected by governmental restrictions. "I dont think tbe political support exists in Europe for a should increase American exports by making them cheaper. that Fischer has become down A German tanner would have to right Insulting. "This is chess, not spend fewer marks to get $100 to clean float," Yeo said. "Everybody expects his government to buy U.

S. hides, for instance. "But that depends on a clean said one chess fan. "Fischer's no sportsman." get him a better deal than the next guy." float." Yeo said. "Theoretically, Personal Financial Matters Reg.

to $9 (Potyestert incL) SHORTS, ALL LENGTHS 1 .99 Orig. to $7 (some perma press) JEANS 3.90 Orig. to $8, Cotton KNIT TOPPINGS 2.90 to 3.90 Reg. $8, double knit BIKINI SHORTS ..3.99 Orig. $20 to $28, summer SALE 12.90 On Sale $9.90, jr.

petite BODYSUIT-SKIRT SETS off sale price Orig. $2.50 .1.99 There was only prise (or Boris Spaseky, the world champion who has waited patiently in Reykjavik as Fischer caused delay after delay over his demands for more mon AEC Security Chief 1 ey, for better lighting and, at last report, for the removal of film cameras from tbe match Suspended in Probe site. It was Fischer's self-con fidence, his individuality and hi; public claim to being 'he immediately who had reported By LA USANCE F. STUNTZ NEW YORK (AP-The Smithsoniaa currency agreements hammered out last December are endangered by the heaviest downward pressure en the dollar since tt was devalued. European governments, backed by the Japanese, are striving desperately to maintain the dollar value.

But Germany alone has bought nearly a billion dollars in two days and even little Norway and Holland are buying to protect the dollar's present value. Tbe current value was set up in a meeting at the Smithsonian Institution in Washington just before Christmas. It is threatened by waves of dollars offered in Europe. The Europeans want to maintain the dollar's worth because cheaper dollars make it difficult for them to sell in the U.S. market.

The downward pressure has pushed the dollar to its lowest point since similar pressure resulted in last fall's devaluation. "It's possible the nomination of Sen. McGovern might have something to do with pressure, but I dont think so," said William Wolman of Argus Research. He has just returned from a round of talks with European central bank authorities. "I think most likely the pressure is due to tbe belief that the dollar will have to be floated against the European currencies.

I said more floats were coming and this looks like it." Some London foreign exchange dealers believed the McGovern nomination had introduced uncertainty into the world-wide political equation. This was echoed in part by Edwin H. Yeo in, vice chairman of the Pittsburgh National Bank. "I think the pressure is attributable to the nature of tbe candidacy, not the man," Yeo said. "It is due to the political situation here as viewed from abroad.

There is a fear of isolationism, a diminution in American interest and power. Tbe big question now is whether the European governments will be able to continue buying all the dollars offered. If not, they will probably go to tbe "float" mentioned by Wolman. This would maintain the value world's best cbess player that WASHINGTON (AP) The Atomic Energy Commission reported Friday its year them. He also said that Riley had captured tbe Russians' imagination.

Perhaps bored with the knowl director of security has been Walnut Grove Church Starts Revival Sunday The Walnut Grove Assembly of God will begin a revival tomorrow with the Rev. Allan Chin of Guyana, South America, as tbe speaker. Mr. Chin is pastor of an Assemblies of God church in Georgetown, Guyana. This is one of the few English-speaking countries in Latin America.

He also has served as assistant secretary of the Guyana Assemblies of God and has done extensive evangelism work. Mr. Chin is now engaged in evangelistic ministry in North America. His wife and three children remained in Georgetown. Pastor of the Walnut Grove church is the Rev.

J. W. Acker. submitted a statement to the commission but that it is a con edge that the world crown has fidential one which could not be made public. In answer to a fur save! route ther query, the spokesman said remained in Russian hands for 24 years, the man on the street was not overly distraught when Fischer crushed Russia's Tigran be is not at liberty to say wheth er the submitted statement con Petrosian for the right to face tained a profession of Innocence charge it A up to 10 months to pay! Battlefield Mall Spassky.

by Riley. The prospect of a major i t-American confrontation The spokesman said the Investigation is being conducted by AECs division of inspection over the chess board was exciting and appealing. and added: "There haven't been any formal charges brought. But the admiration has turned to disgust We're trying to figure out what's For tbe park bench players. The commission made the dis Fischer is either "sumasned shy" crazy or scared.

closure after the Rocky Moun tain News in Denver, Colo, bad Either way, the average Rus "placed on leave without pay" pending tbe outcome of an investigation of allegations be borrowed more than $100,000 from other AEC employes and hasnt paid it back. Tbe official, the AEC said, is William T. Riley, 52, an employe of tbe commission since its inception 25 years ago, and since 1967 over-all chief of security for AEC's farflung installations, including protection of secret documents. He served as an Army counter-intelligence man in World War II. But an AEC spokesman volunteered the comment that "there is no indication that any security matters are involved" in tbe current situation involving Riley.

As boss of security, Riley has been directly or Indirectly responsible for the physical security of weapons-making and other military and peaceful-uses atomic installations of tbe AEC stretching from its headquarters in the nation's capital to its stand-by nuclear weapons test facility at Eniwetok in tbe Pacific. The job also encompasses responsibility for "personnel security" including clearances to published a story saying Riley sian privately agrees with his had been relieved of his post government-controlled newspapers. For months the Soviet Riley has been replaced by Paul Gaughren, 57, a former press has criticized the American challenger as "a money- deputy director of the division of security. grubbing businessman," a chess player who carries around with him "a disgusting spirit of Be a careful driver today, not a sorry one tomorrow. gain." niDEWAILE ME SATURDAY JULY 15th IS HAVING THEIR GREATEST SIDEWALK SALE EVER! OUR ENTIRE STOCK OF SPRING SUMMER SALE MERCHANDISE IS REDUCED AT LEAST 50! MEM'S SimODIFV.

Eagleton Opposes Busing For Racial Balance Only Eagleton said he agreed with the 5th Circut Court of Appeals work for AEC's thousands of when it overruled an order requiring the city of Richmond and suburban communities to merge pupil populations to achieve a more equal racial bal ance. ENTIRE STOCK OF SPRING SUMMER. Besides opposing busing "solely for the purpose of racial WASHINGTON (AP) Missouri Sen. Thomas F. Eagleton, the Democratic nominee for vice says busing pupils may be necessary to break down school segregation created by law or official practices.

But "it's improper to bus solely for tbe purpose of racial balance," he said in an interview with the Washington Post. Eagleton's views on busing and other issues were expressed in a full page interview conducted June 30 and published Friday in the Post. "I take the position that busing may well be necessary and still is a useful tool in breaking employes and those employed by contractors. And a spokesman said in answer to questions this latter phase would also include responsibility for protecting the AEC from sabotage. The commission disclosed, through a spokesman, that on June 14, Riley was "placed on leave without pay pending resolution of some allegations concerning his personal financial balance," Eagleton said pupils c-inrn DOUBLE KNITS should not be bused when the school they are transferred to is Nixon Daughter Has Pneumonia SAN CLEMENTE, Calif.

(AP) President Nixon's daughter, Mrs. Julie Eisenhower, is Buffering from viral pneumonia and Mrs. Nixon flew to Florida Friday to be with her, the Western White House said Friday. Press Secretary Ronald L. Ziegler said Mrs.

Eisenhower had been suffering from the flu and the illness developed into a viral infection in the lower lobe of her lung. He said the 24-year-old Julie, wife of Navy Ensign David Eisenhower, had a temperature of 101 or 102 but doctors say "she would not have to go to the hospital." The spokesman said the President's daughter will be recuperating for the next four or five days, and that Mi's: to be with her. The first lady flew to Jacksonville, then went to Mayport Naval Station where Eisenhower is stationed. inferior to the school they were taken from and they should not INCLUDED SLACKS be bused if the trip will end an ger their health or safety. 1HT.

affairs." The allegations, the spokesman said, "relate to the borrow-i of money- from other AEC employes. down the barriers of de jure tions are that it's in excess of segregation," he But be disputed tbe authority of the courts or the Department OVER 700 SALE SHIRTS DRESS SHIRTS SPORT SHIRTS, KNIT SPRAYING SERVICE Shod Trees Evergreens lawns OZARK PLANT FARM 35 yrs. frae in SprinefiaM fiHmofM $100,000." OFF AND MORE! 3 In answer to questions, the spokesman said the allegations of Health, Education and Welfare to order busing in instances where racial concentration results from factors other than law or official policy. had been "reportedly inter nally," but that he did not know OVER 600 PAIR OF PERMANENT PRESS REG. FROM $8.

to $16. MOST MODELS WITH FLARED LEGS SLACKS- OR 2 PAIR FOR $9.00 SELECTED CROUPS MEN'S SOCKS over 250 pair REG. tl.SO 77'PAIR MEN'S BELTS VALUES $6.50 to $8.00 MEN'S TIES VALVES $6.50 to $10..... 82.50 EA. OR 3 FOR 7 WALK SHORTS ENTIRE STOCK DOUBLE KNITS INCLL'DED Off SWIM WEAR TRUNKS TOPS 5 Off WOMEN'S SHOP ILISr and Ladies1 Fashion Rings i Fashion SPRING NOW 20-50 Off Reg.

Prices HERE ARE A FEW EXAMPLES OF SAVINGS: DRESSES All LENGTHS PANT BLOUSES SELECTED CROlf LINGERIE SELECTED CROlf TENNIS DRESSES BELTS SELECTED CROW i OFF AXD MUCH MUCH MOllE! ti.t ii.li ui iiia REG. NOW $39.95 $29.90 $59.95 $44.88 $49.95 $39.90 $39.95 $19.88 50 off regular price $39.95 $28.90 $75.00 $55.00 8.95 7.50 $75.00 $55.00 $59.95 $47.90 Ladies simulated birthttone ring Ladies cultured pearl and genuine laphire ring ladies Smoky Topaz Ring ladies White Sophire Ring ladies animal rings Man's, double head coLeo ring Man's royal (tar ruby ring Group of Sort Simulated birthttone rings Mon's Elk Ring Man's 1 diamond Shrine Ring HANDBAGS SELECTED JEANS SLACKS SELECTED ASSORTED TOPS, TOPS, AND MORE TOPS! MANY CROUPS 75 OFF MICH MORE ON SELECTED ITEMS TIIRU-OtT THE STORE! Sntti slixfc net on StUt pnett efft mm: JiWfUAS I BATTLEFIELD MALL Fivt convenient ways to buy: Zales Revolving Charge Zales Custom Charge BankAmericard Matter Charge Layaway rgTggggEgmiJgTg ZALES JEWLiERS, Springfield: PARK CENTRAL SOU ARE. Park end Shop: COMMERCIAL STREET; BATTLEFIELD MAU.

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Pages Available:
1,308,568
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