The Dispatch from Moline, Illinois on June 21, 1981 · 24
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The Dispatch from Moline, Illinois · 24

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Location:
Moline, Illinois
Issue Date:
Sunday, June 21, 1981
Page:
24
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t 22 THE SUNDAY DISPATCH, Moline, Illinois June 211981 f 71 f i. - r-it. m li ? l UnltM Prau Inttrnatlonal City workers remove debris from around a car in front a demolished trailer as clean up began Saturday in Lawrence, Kansas, after a tornado Friday night. One person was killed and part of the mobile home park was destroyed. Twisters, floods roll across central U.S. United Prt International Last-day-of-sprlng thunderstorms hammered the midlands and the East Saturday, spawning floods and tornadoes and forcing National Guardsmen to duty. But the rains eased a South Carolina heat wave blamed for three deaths. Temperatures across central and southern South Carolina were above 100 degrees all week. Two heat-related deaths a migrant laborer and a jogger were reported Friday, bringing the death toll to three. A 65-year-old woman who lived in a building without air conditioning died earlier in the week of heat stroke. But thunderstorms swept up the East Coast Friday and Saturday, and temperatures dropped slightly. A FIERCE electrical storm struck the Baltimore metropolitan area early Saturday, toppling trees and telephone poles and knocking out power to about 20,000 Baltimore Gas & Electric Co. customers. A lightining-sparked wildfire that burned 300 acres of swamp and woodland in the Florida Panhandle's Bay County was contained early Saturday. But fire crews spent the day dousing smaller blazes. Thunderstorms rolled from Missouri and Kansas to the Eastern Seaboard, promising to put a damper on the debut of summer, which officially arrives at 7 : 45 a.m. EST Sunday. Showers and heavy rainstorms stretched across the central Plains, much of the Mississippi Valley and through the Great Lakes, the Ohio Valley to the Atlantic. Scattered showers dampened parts of Montana and Wyoming and pushed to northwestern Washington State. SPOT DOWNPOURS caused scattered minor flooding in parts of Pennsylvania and West Virginia. Kansas National Guardsmen patroled a devastated, five-block area of Lawrence, Kan., where a tornado swooped down on a discount store, killing a shopper and injuring 33 others. Two out of the three injured remained hospitalized one with a fractured spine. But all were listed in satisfactory condition Saturday. At least 135 mobile homes and a dozen residences were destroyed or extensively damaged by the twister that bounced through down on a mile-long route late Friday. CITY MANAGER Buford Watson said the damage in the city could reach $8 million. "All I saw was the glass and the brick walls and everything flying," said Cindy Konipp, who was shopping at K-Mart when the storm hit the store. "People were over by the door, so I got down and knelt by them. "There was glass and bricks all over. We got down and stayed there until they came and got us and told us to go to the back of the store. A brick or something hit my shoulder. It's bruised." The storm system pushed eastward early Saturday, still packing heavy rains. SOME OF THE heaviest storms rolled into already waterlogged Missouri, battering crops and homes with hail an high winds and touching off scattered flooding. The Red Cross was dispatched to aid flood victims in Springfield, Mo., left awash by 4 inches of rain. One man was struck by lightning during the Springfield storm. He? was hospitalized in stable condition. A tornado caused minor property damage just west of Springfield early Saturday. Tornadoes were also spotted late Friday near the Missouri towns of Freeman, Harrisonville, Cleveland and Archie. A twister that hit Osceola, Mo., demolished four homes and a Missouri State Highway Department barn. There were no injuries. A TORNADO caused a power outage but no injuries or damages in Berrien Springs, Mich., Saturday evening. Flooding was reported in the area Saturday. In Greene County, Mo., Civil Defense workers rescued four f armies trapped in a flooded mobile home court. The downpour flooded low-lying areas and viaducts, leaving water standing 4 feet deep in some areas and knocking out power to many homes. St. Louis got an inch of rain in 90 minutes early Saturday. Fog rolled over parts of the Pacific Coast but fair skies were the rule from the inland areas of California to the western Plains. 3 accused of giving IRA guns NEW YORK (UPI) Three New York City men have been arrested on charges of supplying arms to the Irish Republican Army, Including a 20-mm cannon and a flame thrower, the FBI announced Saturday. FBI agents said the arms cache also included 14 automatic machlneguns. They said the men were arrested Friday and Saturday after they bought 42 automatic weapons from an undercover agent. Thhe three were identified as George Harrison, Thomas Falvey and Patrick Mullln. Special agent Donald McGorty, who headed the investigation, said the men were part of the main weapons "pipeline to the IRA." "If they had found their way to Northern Ireland, it would have given them (the IRA) a tremendous cache to use," he said. Harrison, 87, Falvey, 63,. and Mullin, 43, all were' charged with violating firearms statutes. Each faces a maximum penalty of 10 years in jail and a $10,000 fine if convicted. McGorty said the men provided the agents with a "shopping list" of the weapons they wanted. He said that after the men were arrested, they gave "statements that these weapons were destined for the IRA." He said the three men got involved in obtaining arms for reasons of "social justice, not money." Volcano begins to quiet down VANCOUVER, Wash. (UPI) Earthquakes under Mount St. Helens gradually declined Saturday but it was too early to tell if the volcano's latest eruptive period was ending, University of Washington seismologists said. Seismic activity dropped to one earthquake every two hours. The eruption alert remained in effect. Lava oozed out of the volcano's fiery throat in a "non-explosive" eruption Friday accompanied by a number of shallow quakes. The huge lava dome steam ing in the volcano's horseshoe-shaped crater bulged out, but clouds kept scientists from judging the dome's size. When last seen, the dome resembling a hunk of rough, black bread dough was taller than a 30-story building. Geologists expect the dome to grow large enough, after many years, to fill the crater and build a new peak for the mountain. Helicopter observers got a brief look Friday afternoon when the clouds briefly parted. They confirmed that Savings scramble Regulators eye interest rates Chkaoa Tribune Sarvlct WASHINGTON Federal financial regulators once again are confronted with a major problem this week whether to join the mad scramble for the savings dollar at a time when saving and loan associations are in deep trouble. How the regulators decide, or signal they will decide, will be important for every American with a modest savings account either In an S&L or commercial bank. At issue is whether higher, or even market. Interest rates should be paid on these savings. WHAT THE regulators must decide is whether the nation's financial institutions can afford to pay these higher rates on relatively small accounts even as they face intense competition for the savings dollar from money market mutual funds. For one thing, the regulators are toying with the idea of introducing an entirely new savings certificate, one that matures in 30 to 00 days with a minimum deposit of $2,500 to $5,000. The interest rate would be close to the market rate, tied to three-month Treasury bill rates. This certificate would be especially tailored to compete with money market mutual funds. Some limited check-writing privileges would be available. ALTHOUGH regulators probably have the power, they may only propose the new certificate for now and decide in September or October whether to make it possible for banks and S&Ls to offer them to Americans. This is but one issue that the Deposit Institutions Deregulation Committee (known as DIDC) will face Thursday when it holds its most Important meeting since it was created by Congress to phase out interest-rate controls on financial institutions. Complicating the committee's job Is the fact that a number of large commercial banks are awaiting Its action with keen interest. The large banks are preparing to offer their own form of savings certificates to compete with money-market mutual funds. MANUFACTURERS Hanover in New York already has offered such certificates to the public in hopes of competing with the funds and soaking up the savings dollar. But many others are ready to join the fray. They claim their schemes are legal because the business is handled by their holding companies. William Bosies, a member of the American Bankers Association's Federal Administrative Council, said virtually all the large U.S. banks are ready to offer these certificates no matter what DIDC does. "There are ways to get around" the controls, he said. But the largest trade association for S&Ls, the U.S. League of Savings Association, said it sharply opposes permitting S&Ls and banks to offer the certificates. NOT ONLY would It accelerate the rapid shift of deposits into market-rate accounts, but it also would increase losses, jeopardize federal insurance on deposits, and "significantly weaken the net worth position of every surviving Institution," said William B. O'Connell, executive vice president of the association. Shifting deposits into market-rate accounts is good for savers, particularly small savers who long have subsidized savings and loan associations, but S&Ls are facing a huge earnings problem in today's high Interest-rate market. S&Ls have their own pet plan. They want the regulators to permit them to pay depositors one quarter point more on their six-month certificates than commercial banks. REGULATORS DID away with quarter-point differential long ago, but S&Ls now claim it's needed to avoid more bankruptcies or forced mergers of weak financial Institutions. Another key issue to be taken up Is whether the DIDC should speed up the five-year plan for ending all interest rate controls on financial institutions. AT ITS LAST meeting, the committee proposed a plan to end the controls in stages. It would start July 1 with ending controls on savings instruments with maturities of five years or more. Regan, who is the new chairman of DIDC, has put this plan up in the air. He has said publicly several times that he favors a faster phase-out of controls, perhaps even three years. The savings and loan Industry is strongly against a three-year phase-out. In fact, it doesn't even like the five-year plan. DIDC is expected to end interest-rate controls on individual retirement accounts of various kinds. HueBotfets One, two, three...and you're organized! Compact, functional, handsome wall system is a very special value now at Huebotter's the dome was expanding. The "red" and "blue" restricted zones extending 15 miles from the volcano were kept closed by the Forest Service to all but geologists, pending a decision that the latest event was no longer dangerous. When scientists were last able to measure it, the dome was 300 to 400 feet high, 1,200 feetwideandl ,500 feet long . Two earlier small domes that started to grow in the crater were blown apart by explosive eruptions last year. 1 Door bookcase, reg. 379 SALE 299. Drawer bookcase, reg. 539 SALE 429. Open bookcase, reg. 299 SALE 239, Open daily at 10; Mon., Thurs., Fri. til 8:30; Tues., Wed., Sat. til 5 3536 Brady St. 4602 23rd Ave. Davenport Moline SAVE 20 on our Drexel wall system WHERE THERE'S A WALL, THERE'S A WAY.. .to make it beautiful and useful. ..and Huebotter's has the answer: superbly styled fashion pieces to accent and dramatize with convenient, organized storage... and they are deep enough for TV and stereol ' Open case: 2 stationary, adjustable shelves, 3 drawer unit: drop front desk, adjustable shelf, 5 open compartments, black laminate writing surface. Door unit: one adjustable shelf above and one behind doors. Use our 30-Day or Revolving Charge, Visa or Master Card V s1 off Develop and print. Reg. 2.99 Sale 1.99. 12 exp. roll. Bring in any roll for expert film processing and we'll take $1 off. Reg. Sale 20 exp. roll 4.49 3.49 24 exp. roll 5.09 4.09 exp. roll 7.89 6.89 Sale prices effective through Saturday. JCPenney Picture Promise 1. Wa must deliver on lima. We'll return your prints on the date promised, or we'll give you a free roll of Kodak Film. 2. You must lova your prints. If, for any reason at all, you're not satisfied with your prints, we'll reprint them until you are. Or, we'll refund your money, whichever you prefer. JCPenney Northpark Mall - Southpark Mall , Osco liquor A-21 Ml X Nr I r, CHRISTIAN BROTHERS CHATEAU LASALLE LASALLEROSE' 750 ML 89 BLUE NUN LIEBFRAUMILCH 750 ML PAULMASSON CHAMPAGNE 750 ML nn MASS0K CITY UNA PLAZA I. ) Tem.-Trt.. A.M. to 10 t rainy m.m. to t p.m. emetor tO A.M. to 7 PM. U Tmn.-TH. t A., to 19 P.m. 1 10 A. to 7 p.m. - I A SSfe'1 N pi JIM BEAM 1 NfSi.ll A. ss"" fWJ S -Sfep-g BLEND WHISKEY 1 STlwnff JT" lT" i f " 1-0 Liter I Rfesass" A FLEISCHM ANN'S i jnjri aTn ;5Sihs. vodka IS XN, X MT. WINES X SafcMCfflLli 1-0Llter W " 3.0 Liter 49 PLU 0.;lVJ F BRANDY . PLU X V mmnr0 fl Q09plu i -jK-yi l A It f - I LJJ OeCO LIQUOR AND BEER AD PRICES EFFECTIVE ONLY AT ILLINOIS QUAD CITY OSCO DRUQ STORES THROUGH 1 SATURDAY JUNE 27, 1981.

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