The Daily Times-News from Burlington, North Carolina • Page 1

3A Burlington (N.C.) TIMES NEWS Moy 9, 1975 Oil Conducts Own Investigation Gulf PITTSBURGH, Pa, (AP) Gulf Oil Corp, says it is conducting its own investlga lion of the payment of $4 million in bribes by the com pany to officials of a foreign government. It was dislcosed last week that Gulf admitted during a Securities and Exchange political contributions is currently under investigation within the company as well as by the special review committee approved by the SEC. We ourselves do not know all the facts at this time and are therefore not abie to make any statement. We are Wednesday that they were not. Bolivia then asked for a similar declaration, but Gulf's response left the question hanging.

In a brief statement Thursday, the oil company said: "The question of the involvement of Bolivia in Commission hearing that It had paid the money as "political contributions" to operate in an unnamed foreign country, The governments of Vene niela and Ecuador asked Gulf to declare whether their countries were involved, and the oil company assured both investments in Bolivia. Gulf's statement Thursday seemed aimed at ending such speculation. "There appears to be a misconception that Gulf Oil officials identified specific countries in bearings with U.S. government authorities (the SEC)." the statement said. Speculation on Bolivia as the recipient is based largely on reports tbat Gulf Chairman Bob R.

Dorsey told the SEC the bribes were "the only way" to protect a $150 million investment. Gulf's Investment in the Santa Cruz area of Bolivia was $150 million, according to oil industry sources. cooperating with the Bolivian government and will make known the facts to that government as soon as Uiey become available." Gulf no longer operates in Bolivia, its properties there having been nationalized in 1969. Bolivia threatened to withhold 450 million in indemnities from that takeover if Gulf failed to respond to the bribe query within 48 hours. The deadline expires tonight.

Food Price Rate May Decline Fannie. Terrell Mrs. Fannie Rogers Terrell, 66, of 230B Radiance Drive, Burlington, died at her home on Wednesday following a sadden illness. A native of Person County she was the daughter of the late Charlie and Mary Jacob Rogers. She was a member of the Union Grove Baptist Church.

Surviors include two sans, Earnest Lee Rogers of Burlington and William Jack Rogers of Baltimore, five sisters, Mrs. Sular Corbett of Greensboro, Mrs. Annie MoDre of the home, Mrs. Pearl Briggs of Rt. 5, Burlington, Mrs.

Robena Miles of Danville, Va. and Miss Ester Rogers of Baltimore, Md. Twelve grandchildren also survive. The body will remain at Sharpe Funeral Home pending the completion of final arrangements. Anderson Dies "COVINGTON, Ky.

Joe E. Anderson, considered the No. 1 middleweight boxing contender during the 1920s, died at the age of 69. Wealthy Illinois Town Holds Rummage Sale WASHINGTON (AP) The rate at which retail food prices are climbing may start to decline later this year if farmers get the right amount of sunshine and rain at the proper times, says the Agriculture Department. But if the com isn't planted on time and there is another drought this summer, look out.

In tbat case, 1975 food prices will not only go up sharply but will probably take off on another space trip next year. "As the year progresses, food prices will become more dependent upon 1975 crop conditions both in this country and abroad," the department said Thursday. "Developments relating to general economic conditions, domestic and worldwide, can also expected to impact on food prices." farmers have short harvests there would be "a strong likelihood of further sharp increases" in 1976 retail food prices. The Agriculture Department's analysis followed an announcement by the Labor Department that wholesale prices in April rose 1.5 per cent, reversing a four month decline. Sharply higher farm prices accounted for most of the increase.

Agriculture economists said the increase was expected since livestock prices led by catUc, have gone up appreciably in recent weeks. Thus, higher meat prices are expected to account for much of the retail food price increase this spring, the Agriculture Department report said. A bumper crop, along with wheat and other grains, would translate into lower feed prices for those who produce the meat, poultry and dairy products which make up so much of family food budgets. In that case, the department said consumers might see retail food prices rise 6 to 8 per cent over the entire year, compared with a 14.5 per cent jump in 1973 and again in 1974. But if farmers' crops are whittled by poor weather as they were last year, then the Agriculture Department says food prices will go up to 10 per cent.

Even so, those increases would be the smallest since 1972 when there was a 4.3 per cent rise. Moreover, the department's Outlook and Situation Board said that if Wallace Says US Blundered in Dorsey is reported to have expressed concern that his statements might jeopardize $700 million in Investments. and Gulf no longer has any one spot in the country unaffected by inflation," she said. A woman from Upper Michigan made her yearly A r.other local woman had a broken electric broiler that she said would cost J15 to repair. She donated it.

It was repaired by a worker. The donor bought it back for J7.50. "Some of our most well to do women donate clothes and then turn up buying others at the sate," said Mrs. Legg. "Many donate things and buy them back not recognizing them.

Some designer clothes that run 40O in the shop sell for $15. A big mover is cut off jeans for as little as 15 cents with a two pair limit. A man bought an old set of dentures cheaply and said he should get J65 melting out some gold fillings." Market RALEIGH (AP) (NCDA) Charlotte spot cotton report for Thursday for staple lengths of I 1 32, 1 1 16 and 1 3 32 inches, respectively: middling 4.2.75, 44.25, 44.50; strict low middling 41.25, 42.75, 43.00; low middling 37.25, 39.00, 39.25; strict low middling, (light spotted) 37.50, 39.25, 39.50. RALEIGH (AP) (NCDA) North Carolina egg markets were steady to weaker Thursday. Supplies were adequate and demand was fair.

MONTGOMERY, Ala. (AP) Alabama Gov. George C. Wallace says the United States "has blundered in the last 50 years in its foreign policy." He says the result was American involvement in four wars which could have been prevented. Wallace called a news conference to discuss his foreign policy after a story was published Thursday based on transcripts of an interview the governor had with foreign journalists.

In that interview, Wallace said it lie were president, his New Arab Israeli Conflict Possible sponsored by the U.S. Information Agency's Foreign Press Center, that the United States may have been "fighting the wrong people" in World War II. Wallace said the reports were distorted and taken out of context. He explained Thursday that what he meant was that the anti Communist peoples of Japan and Germany should have been cultivated following World War I. Instead, he said, the Versailles Treaty created vengeance against Germany and "unwittingly helped bring Hitler to power.

Laotian Students VIENTIANE, Laos (AP) Angry Laotian students, protesting rising prices and foreign economic domination, attacked the U.S, Embassy today, throw Ing rocks and attempting to haul down the U.S. flag. However, pro Communist Patbet Lao police, who joint ly maintain law and order with Vientiane government forces, turned the crowd ba The demonstration lasted about 15 minutes and no in juries were reported. The crowd then continued on to the national stadium, but a few persons peeled off and began ripping down French and Chinese language foreign policy would he "based on the fact that you can't trust a Communist." Wallace, who has said he plans to run for president, told the journalists in an interview at the state capitol March 3, "I don't believe in confrontation. I believe in negotiation.

I believe in detente. But while I'm de tenting, as they say, I wouldn't turn my back on them. And I don't trust the Communists." Wallace told newsmen in Montgomery Thursday that American involvement in Egyptian President Anwar Sadat will hold a "coordination conference" with Syrian President Hafez Assad and Palestinian guerrilla leader Yaslr Arafat in Damascus before his scheduled meeting with President Ford in Austria June 1 The sources said the tripartite minisummlt was expected to take place during thi third week of May while Sadat is on an extensive tour of Arab countries, including Saudi Arabia, Jordan and Iraq. Sadat and Arafat have not met for formal talks since a rift developed between Egypt and the Palestine Liberation Organization last year over Kissinger's abortive peace efforts in the Middle East. A settlement was announced when Sadat and Arafat attended the funeral of Saudi Arabia's King Faisal in Riyadh last March.

Meanwhile, Egypt's official Middle East News Agency reported that on Saturday South Yemen's four wars, which he said could have been prevented, "came as a result of mistakes in the foreign policy of. this country." The United Slates "ought to have a foreign policy based on common sense," he said. He added that there is "nothing startling" about his philosophy and that he has made his position known numerous times in the past. News reports quoted Wallace as telling the foreign journalists, who were on a two week tour o( the South supreme court will begin the trial of nine persons accused of spying for the United States and Israel. It said in a dispatch from Aden the defendants were all employes of an American telecommunications company and were arrested In August 1972, but it did not report the nationality of the defendants.

It said all were charged with "gathering military and economic information for the U.S. and Israeli intelligence services on the strategic Bab el Mandab Straits," which commands the entrance to the Red Sea. Morris Gets New Position NEW ALBANY, Ind. (AP) Jim Morris, assistant basketball coach at Indiana State University the past three years, was named head coach and recreation director at Indiana University Southeast Thursday. "This is not the case.

Specific countries have not been identified because the matter investigation." One of the sale's 49 departments, called the "treasure room," was filled with." Chinaware, paintings, silver dinnerware, oriental rugs and even a mink coat. Bids were taken and the highest bidder received the item at closing time. The attendant said the highest bid by afternoon fora fulllength mink coat was $250. "And the highest bid for an authenticated set of 17B6 silver salt containers from England was a mere $30," she said. "Before we opened today, 40 antique dealers and collectors peeked through the windows and saw items they wanted.

When the door opened they rushed in like bulls in a China shop." There were plenty white elephants, too like four small laced boots for a dog. Reports Weighted average prices for small lot sales of consumer grade eggs delivered in cartons to nearby retail outlets: Grade A large whites 59.77, medium whiles 51.3C; small whites 42.53. RALEIGH (AP) (NCDA) Corn and soybean prices were stronger on North Carolina grain markets Thursday. No, 2 yellow shelled corn was 2.50 2.85 per bushel. No.

1 yellow soybeans were 4.S9 5.18 per bushel. THE GIFT BOX lVrlb. $4.40 your happy shopping store WINNETKA, III: (AP) bowls weot for $10. Cut off jeans sold for 15 cents a pair. And a well dressed socialite was seen pushing an an old lawnmower she bought for $1.40.

It was all part of this wealthy community's annual charity rum mage sale. Literally a million Items donated through the year by North Shore upper income residents went on sale at 7 a.m. Thursday in the complex of the Winnetka Congregational Church and Community House. By 5 p.m. closing time the volunteer work force of 700 had collected a record $50,000 for 32 charitable institutions.

Some 15,000 persons attended the sale. Nearly 1, 000 of them waited In vehicles parked in an eight block radius or on the walks to get in when it opened. Some had slept all night In their cars, One group cooked breakfast on a portable charcoal grill. Patricia Legg, one of three chairmen of the Women's Society Rummage Sale, estimated that 70 Per Cent of the buyers were needy families. "We have kept prices the same over the years this is trip to buy enough clothing lo outfit her 12 children for another year.

A woman in her 30s bought a dozen lacks that had no keys, saying she was studying locksmithing and wanted to pick them. Slowdown Board a recommended a 5 per cent pay raise next year for all city The board also recommended to the city council that the city set aside $100,000 for possible additional pay hikes to policemen. 250's Norwich Save 73 11 Oz. Noxzema CONCENTRATED SHAVE $1.49 Value Sava 62 N. CrihiiHpJil U.

lurlimlan, K.C. Past "We were fighting the right people but our diplomacy led us to fight people who should have been our friends." Wallace said Hitler 'would have wound up hanging paper all his life" Instead of ruling the Third Reich if the United States had helped Germany and Japan to become buffers against the Communists following World War I. Wallace told reporters Thursday that major points of his foreign policy are: "Don't be Don't be Be the No. 1 military strength in the world." Attack US Embassy signs from shops in the main business district, At the stadium, student leaders addressed a rally and spoke heatedly and to much applause against runaway inflation, power failures, high prices and food shor tages. When the speeches turned to politics, however, the crowd began to drift away Kaleigh Police End RALEIGH (AP Raleigh police have ended a ticketing slowdown that began last Friday in protest of their pay levels.

End of the slowdown came Thursday just before the city's Wage and Review Jnmr' iM irnTTi Km fm mm Parade Of Values! ASPIRIN coo ASSORTED CHOCOLATE1 Mb. $2.95 '7 Msorulril I'rrn Britain's authoritative International Institute for Strategic Studies said today the possibility of a new Arab Israel conflict raises the specter of another oil embargo. "In the Middle East, the next two years will be critical," said the report "Strategic Survey 1874." But it said there Is still a need for "a framework for a comprehensive settlement to give incentive for A new Middle East war will almost certainly lead to a renewed use of the 'oil weapon' by the Arab oil producing countries." The institute's panel of experts in warfare, strategy and arms rioted "repeated statements by American policymakers that military intervention to protect oil supplies should not be excluded" as a last resort. It said such action would lead to a global Conflict. It predicted confrontation between the Soviet Union and the United States amid "growing doubts in the United States about Soviet motives and American advantages from detente." The survey gave high praise to Secretary of State Henry A.

Kissinger's "statesmanship" but also saw some weaknesses in his one man approach to diplomacy. In Damascus, Arab diplomatic sources said THE DAILY TIMES NEWS 707 South Main Stmt. Burliniton, N.C. 27215 Classified 226 4414 AU Other Depts. 227 0131 Publiihnl Daily ay TIMES NEWS PU6LISHING CO.

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