Nashua Telegraph from Nashua, New Hampshire • Page 5

WASHINGTON (AP) Mov. Ing boldly to keep the six- month old international currency agreement from collapsing, he United Stales has begun in- crvenig directly in the money-exchange! markets lo prop up the dollar's value. The Federal Reserve Board, Ihe nation's central bank, started selling German marks and other foreign currencies from U.S. reserves for dollars in fore 1 a markets Wednesday in a sudden depar- prcvious mono- moved up sharply on European foreign exchanges today in the wake of the Federal Reserve action, It rose to from its lary policy. Instant Destruction Ramond BelMeulUe and a young neighborhood friend sur- Tey score of large pines laid flal by yesterday's sudden storm in (He backyard of the Bellefeidlle home, 111 Highland Hud- son.

The properly owner only yeslcrday finished fencing Ids yard only to have high winds blow holes In his handiwork. (Telegraphoto--Burocher) New Hitch May Develop In World Chess Title Play Nashua Juvenile Court following Juvenile court cases were heard and disposed of during the past several weeks in iuvsmile sessions at the Nashua District Court: A 16-year-old boy was placed on one-year probation and ordered to the Community Council Court Referral Program of ten-speed for larceny bicycle. A 13-year-old girl I possession of an alcoholic placed under the Community Council Court Referral Program and a probation investigation ordered. A boy, 14, who stole pocketbook from a church returned from the Diagnostic Center at the State Industrial School and was placed on one- year probation and ordered to the Community Council Court Referral Program. A 16-year-old girl was brought to the Nashua Dislrid Juvenile Court (or runaway and so behaved as to endanger the welfare of herself and the community.

She was referred to the Nashua District Probation Department lor an investigation concerning alleged delinquency jjua-atJ-Jivi' beverage was placed under the custody of the Nashua District Court's Probation Department pending probation invesiigalion rcporl. A boy, 16, returning from the Slate- Industrial School for a motor vehicle theft, harboring a known criminal and for violalion of probation was ordered continued probation with suspended i i sentence. A 16-year-old boy who has displayed extreme anli-social behavior and endangered Ihe welfare of himself and the welfare of the community was Nashua Dislrict Court. the ege A eirl 15 lhal so deported government lold ils citizens for hersel as to endanger her the first time that Russian welfare and the welfare of military personnel were others was in violation of her removed from Egypt but said probation and was placed in the the action was being taken by Diagnostic Center at Ihe Slale joint agreement. Tass, Ihe of- industrial School for a complete ficial Soviet press, agency, said physical and psychological the withdrawal not report to he forwarded to the change Russia's plans to con- 1 i fTnun Ihfi iHtnioinnmAnr aTLf State GOP Accuses Javits Of Trying to Oust Agnew By THE ASSOCIATED, PRESS Two New Hampshire GOP figures today accused Sen.

Jacob Javils, of trying lo organize a movement to sever Vice Presidenl Spiro Agnew from the national Republican ticket. Peter Booras of Keene, who headed Agnew's write-in campaign In the March presidential primary, said Javits' suggestion that Nixon run with New York Gov. Nelson Rockefeller or Sen. Edward Brooke, H- would "break up the wining Nixon-Agnew team." state party similar re. Robert TVhalcn, chairman, made marks, adding lhal if Agnew should decline to run with Nixon that "perhaps the choice be an open one in the convention." Booras, one of four GOP contenders for the U.S.

Senate nomination to run against Sen, Thomas J. Mclnlyre, noted Agnew received 48,000 write-in votes in the New Hampshire primary and is thus "a proven vote-getter." Booras said he is contemplating "further action to counter the effect of Javits 1 statements" but did not elaborate. Rep. Louis C. Wyman, R- N.H., also has ciilicized JaviU' suggestions regarding tha national ticket.

tinuc the development and strengthening of its relations with the Arab Republic of Egypt. BEIRUT A turning point In Egyptian-Arab relations is ex- peeled by Arab observers and commentators as a result (if Presidenl Sadat's decision (o cvpcl Soviet military advisers from Egypl. i generally favorable Arab press comment, cdllorialisls said Ihe power vacuum, crcaled by the Soviets' withdrawal would weaken Egypt. LONDON ficials and members of Study to Cover Young Drivers HANOVER, N.H. (AP) A Dartmouth Medical School professor of will conduct a four-year study of auto accidents involving youthful drivers, under a $275,000 grant from tha National Institute ol Mental Health.

Conducting the study will be Dr. Raymond Sobel, who said it will concentrate on drivers aged 16 lo 25. He said 16,500 persons in the study age group died in auto accidents in 1969. "Tiiis is Ihe equivalenl to over years of life cut off by such fatal accidents," he said. "How many untold contributions lo society which -their living might have made can only be conjectured." Sobel added that properly damages, medical costs, Jiospi- talizalion, insurance premiums and payments for this age group amount to nearly 54 billion annually.

The Gordon'! To a vodka drinker, fiappiness is Smooth mixiruj. Smooth tasting. smooth going down. is thevodks World News Summary Compiled By New York Times News Service iijtt jvclnuu --o- The Icelandic Chess "Fcder- do all they could lo meet alien rejected a list of 13 de- hc American's demands, mands from Bobby Fischer lo- B(jt he day, raising the possibility of scnmia added, "if new hitch in the world chess ccllms he had (o championship match (te six hours Fischer and Boris SpassSy, NEff YORK In a major change of policy, the Hailed Slates government Wednesday Intervened in Ihe foreign exchange markets (o protect the value of (he American dollar. The government's action, which was not announced, was done through heavy selling by the Federal Reserve Bank of New York of the German mark at declining prices.

MOSCOW The Soviet NATIONAL 'WASHINGTON in a 27-3 vote, the executive council of the AFL-CIO decided to remain neutral and refrain from endorsing President Nixon or Sen. George McGovern in the presidential race this year. This is the first time in 20 years lhal, American labor has Jailed to endorse the Democratic Party candidate. Union members, however, may support whom they choose. A I Corporations show as wide a disparity In taxes paid as individuals, according to a new study of corporation (axes received by Congress.

Some companies pay nearly half their profits tn taxes and others apparently pay no lax- es on their profits at all. WASHINGTON Federal courts or agencies would be prohibited from i i busing lo a elernenlary schools legislation approved by a House Education subcommittee. The bill would permit the busing of pupils above the sixth grade, but only as a last rcsorl and afler other specified measures ot- the Provisional wing of (he Irish HcpuWican Army are reportedly conducting secret talks in Belfast and London in an effort lo work out a new Inice in Northern Ireland. WASHINGTON -The United Slates government provided (he Soulh Vietnamese will 1 $J(W million more in mllilary aid last year than was reported to Congress, according to Hep. Lcs Aspin, D- who cited general ac- counling office figures.

The figures Indicate, Aspin said, that administration provided billion In fiscal 1971, ended June 30, Insleal of the $1.5 billion estlmale reported to Congress. Ihe Soviet world champion, were scheduled to play their fifth game at 1 p.m. EDT today. The score is now VA-Vh ln Spassky's favor, the fourlh malch Tuesday having ended in a draw. Gudmundur Thorarinsson, president of the hosl federation, said Fischer delivered his had failed io inlegrale junior and high schools.

Ihe WASHINGTON In a stunning deleat for the Democrats, the House Republicans in a vote of 206-10-189 killed a Democratic-sponsored b.i 1' that would have provided a crash program to trim unemployment (hrough 55 billion in grants for local water and sswer facllilies. The Republicans accused (he Democrats of engaging In "unfair, i a tactics." MISSIONARY' CALL NASHVILLE, Tenn. (AP) The world missions agency ol the Prcsbylerian Church U.S. overseas churches to sent missionaries to the Unilec Nashua Telegraph, Thursday, July 20, 1972 Eilorts to Prop Up Dollar's Value U.S. Is Intervening In Money-Exchange Markets 3.1V25 marks in Frankfort, half a pfennig higher than Wednesday night's closing of 3.1670 arks.

In Zurkh, it jumped from 3.V755 Swiss francs to 3.73, and in Paris it reached 4.74 francs on Ihe free market, up from 4.7225. 'We are moving lo play cm part lo restore order in exchange markets and to do our part in upholding the Smithsonian agreement as others have done," said a board spokesman in confirming the U.S. action. Major non-Ccmimunist nations grecd on a new set of money exchange rates last Dec. 18 at the Smithsonian Institution in Washington, including the first By JULIE FLINT REYKJAVIK, Iceland man referee of the malch, said (AP) the organizers of the malch aftcr Jast djd no of new night.

I been met." demands Wednesday He said they had "not cell Jiivc. Thorarinsson said the Ameri can challenger, who is a lale riser, was still asleep and hai lot been told of the refusal. The Rev. William Lombards' Fischer's second, said he could not say whether Thorarinsson refusal would jeopardize the game today. Although many of Fischers demands were trivial, such as exclusive use of the swimming pool at his hotel, he also asked for "written authorily to have film cameras removed from the playing hall" if they dis lurbed him.

Fischer objected during thi first game the three cameras that were to the match lor American promote Chester Fox He boycotted the second game because the chess federation not order Ihcm removed. No filming was per- millcd for Ihe third and -ames, and Fox has said he would not for niovic and Ihe match if in his opposition. Lothar Schmid, rights jeopardize persisted he West Ger Aerobatic Plane Of Blue Angels Suffers Damage KEENE, N.H. (AP) A Navy Blue Angels acrobatic plane has been damaged extensively on landing at the municipal airport. Officials said the crafl's main drag chute failed to open and the jet skidded off the end of the rain-slicked runway and over Wednesday after Lt.

Gary Smith and CPO released alter obsecvalion at a local hospital. Smith and Chambers had States for a change. All six con- linenls need missionaries torn come to Keene to make prepa elsewhere, the agency says, In- rations for an air snow by the eluding this country. Blue Angels this weekend. PEOPLE WHO LIVE IN GLASS HOUSES Should Head for Furn-a-Kit Today! (We're Only Sfone't Throw Awoy) Very few of us live in glass houses, bur all recognize the beauty and elegance of shiny glass fables, decorations and accessories.

Glass adds a sparkling touch to any decor; traditional, modern or your own favorite. off ON ALL GLASS ITEMS Thli li cUgirt In gTin jnd chrome. hive bookcim; Ing tablei; coffee, nt and tablet; cvalt, iquirti, rectanglti and circlet. Now FURN-a-KIT of New Hampshire is making glass furnishings even more appealing by offering a discount on all glass pieces from July 15 to August 19. This is not a left-over sale; atl ifems are new, ordered from the factory expressly for you.

FURNJbKIT 44 BRIDGE ST. MANCHESTER, N. H. 448-2480 OF NEW HAAIMHItt Dealtr unutt HOURS Mofl. and Thurt, Fri.

and Srt. devaluation of the dollar since 931 and upward revaluation of currencies. But that bargain threatened to fall apart in recent weeks jccausc the British government jailed out and cut its pound sterling loose from the agreed upon exchange rate, floating it against other currencies. The resulting uneasiness overseas put the dollar under new pressure and several foreign governments, mainly West Jerniany, were forced to buy ollars io prated the value of icir own money and support 10 Smithsonian agreement. The United Stales has never ircctly intervened in exchange markets.

)t formerly used its gold stock lo sctlle- dollar claims, but President Nixon ended that last Aug. 15, Now, the United Slates has lo convert foreign cui'rcnciei since the gold window will remain closed untii a new monetary system is worked oul. The Federal Reserve Board is doing what other countries have been doing for years lo protect their currencies when the money of another country, primarily from speculators, floods in. The board's gave no estimate on how many marks and other currencies it sold in tlo first day of intervention Wednesday. The action was carried oul by its New York regional bank, the main bank for determining monetary policy.

The board spokesman said, however, that Ihe decision "was entirely on our own 1 meaning a United States did not act under demands from other countries. BRING US YOUR ROOFING PROBLEMS A. W. Therrien Inc. Call Manchester Collect 667-3344 883-3506 or 888-4496 yes, the girl comes with it! When you purchase a KitchenAid dishwasher, the girl comes with it.

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