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January 16, 1975 - Image 3

Resource type:
Text
Publication:
The Michigan Daily, 1975-01-16

Disclaimer: Computer generated plain text may have errors. Read more about this.

Thursday, January 16, 1975

THE MICHIGAN DAILY

rage Three

THE MICHIGAN DAILY Page Three

holesale
WASHINGTON (A - Whole- December
ale prices plunged sharply in first sin
ecember, marking the first dropped
ecline in 14 months, the Labor in Octobe
epartment reported yester- an easing
ay. inflation
The government's Wholesale effect of t
rice Index fell five-tenths of Wholesa
per cent as declining farm ated in re
nd food prices more than off- trend is e
et a slight increase in indus- ed at r
rial commodities. months, p
Despite last month's drop, food area
holesale prices for all of 1974
oared 20.9 per cent, the most RAW M'
n' any year since prices rose declined
1.1 per cent in 1946 when peak last
orld War II price controls increases
nded. of price
now wor
THE REPORT came as Presi- the econc
ent Ford presented Congress affected
ith economic proposals design- for produ
d to shift the administration's recession
ocus from fighting inflation to Wholese
ombating recession and energy final thr
roblems. climbed
Government analysts said the ed annua

prices plummet in Decemberr

:n.Ar fl 1IIZ

r "
i
I
I
fi
IE i

M ,

nrira Acsnliri a +ha 1 ,

r pie aeiUVne -- th e
ce wholesale prices
on-tenth of a per cent
r 1973 - reflected both
of the nation's high
rate and the spreading
he recession.
ale prices have moder-
ecent months, and the
expected to be reflect-
etail in the coming
particularly in the non-
VATERIAL prices have
steadily from their
spring, and most price
resulting from the end
controls in April have
ker their way through
omy. Also, prices are
by the slack demand
icts brought on by the
ale prices during the
ree months of 1974
at a seasonally adjust-
1 rate of 13.4 per cent,

compared with a rate of 35.2 per cent over the year.
per cent in the third quarter.
FOUR OF the 13 major com-
THE LABOR Department said modity groups within the in-
prices of farm products, pro- dustrials index declined last
cessed foods and feeds fell 2.5 month -- metals, textiles, lea-
per cent in December, following thers, and lumber products.
increases of 2.5 per cent in No- Soft - coal prices jumped 7.6 per
vember and 5.1 in October. The cent last month following the
industrial price index, after 28 - day nationwide miners'
rising nine-tenths of a per cent strike to offset falling prices for
in November, was unchanged crude petroleum, gasoline and
last month. Unadjusted, the in- other energy products.
dustrials index rose two-tenths The decline in farm prices
of a per cent, the smallest in- last month was due largely to
crease since July 1973. falling prices for fresh and
Industrial prices are regard- dried fruits and vegetables, soy-
ed as a truer measure of infla- beans and grain. Plant and ani-
tion than farm prices, which mal fibers, chicken and milk
often show erratic change from also declines, but livestock and
month to month. eggs were higher.
Over the past year, farm With the five-tenths of a per
prices have fallen 1.9 per cent, cent drop in December, the gov-
while processed foods and ernment's Wholesale Price In-
feeds climbed 20.9 per cent, in- dex stood at 171.5, meaning that
dicating that farmers received it cost $171.50 to buy at whole-
little from price increases. In- sale goods that cost $100 in
dustrial commodities rose 25.6 1967.

I IN A sep raternrt thL~p a-. I III

11 t - ct m,1cJ - , L- .L
bor Department said another
681,300 Americans filed initial
claims for unemployment insur-
ance during the week ended
Jan. 4, a decrease of '132,000
from the previous week when a
record 813,000 persons applied
for jobless benefits.
During ,Christmas week, the
department said, some 3,923,700
persons collected unemploy-
ment checks, the highest num-
ber in any week since the gov-
ernment started paying bene-
fits in depression-wracked 1937.
The unemployment rate for
those covered by -remployment
insurance rose from 5 to 6 per
cent that week, the highest rate
since March 1963.
STATES with the largest in-
creases in the number of jobless
workers receiving benefits were
New York, Michigan, Pennsyl-
vania, Massachusetts, North
Carolina, California, Texas, In-
diana and Illinois.

fame & Fortune Poster Contest
Enter your design for a poster

to represent the upcoming musical

III

The person who enters the winning design becomes
co-ordinating artist for the show and wins $25.00.
All entries must bein UAC offices by Jan. 27th at

house Democrats oust two

DAILY OFFICIAL BULLETIN
""";54:"-::":":"iY-r."::--.4-- - .SV.W..

1111

veteran committee

WASHINGTON (Reuter) -
Democratic leaders of the
House of Representatives yes-
terday voted to oust two veter-
an congressmen - Wright Pat-
man and Wayne Hays - as
hairmen of committees as part
f a sweeping reform move-
ent.
The Democratic Steering and
olicy Committee agreed 13-11
o replace Patman, a Texas
Democrat who has served 45
years in Congress, as chairman
of the House Banking Commit-
tee, and Hays, an Ohio Demo-
crat, as head of the House Ad-
ministration Committee.
The committee will recom-
mend to a caucus of Demo-
crats today that Rep. Henry
Reuss, a Democrat from Wis-
consin, and an acknowledged
international finance expert, be
the new Banking Committee
chairperson.
REP. F R A N K Thompson;
a New Jersey Democrat, will be
roposed by the leadership
anel as the head of the Ad-
ministration C o m m i t t e e,,
a housekeeping organization
hat deals with congressional
affairs.
The Democrats, who have an
overwhelming majority in Con-
gress, will decide whether to
accept Reuss and Thompson at
meeting today.
The Democratic Leadership
Committee agreed to recom-
mend all other sitting commit-

tee chairpersons, although
fights might emerge at the cau-
cus over agriculture chairman
W. R. Poage, a Texas Demo-
crat, and Armed Services Com-
mittee Chairman Edward He-
bert, a Louisiana Democrat.
PATMAN, 81 years old, is
considered the dean of the
House, having served longer
than any other House member.
He has been chairman of the
Banking Committee, which han-
dles important legislation deal-
ing with monetary affairs, since
1963.
Over the years, he has been
controversial and has engaged
in numerous public disputes
with treasury{ secretaries, and
the chairpersons of the Central
Bank, the Federal Reserve Sys-
tem.
ALTHOUGH he is considered
a populist, and a liberal on most
causes, both Democrats and Re-
publicans have criticized him
for what they consider the
heavy-handed manner in which
he runs Banking Committee
hearings.
With dozens of younger liberal,
Democrats in the new house;
there have been numerous re-
forms instituted.
Democrats last December
took away most of the powers of
Rep. Wilbur Mills (D-Ark.)
who was one of the most influ-
ential members of Congress as
Chairman of the Ways and

Thursday, January 16
Day Calendar
chaIrm en wUOM: Yul Brenner, at Natl.
LI~t.IiIIU~c IU.'Press Club, 10 am.
Career Planning & Placement:
Registration meetings, Conf. Rm. 4,
Means Committee handling tax 5 League, noon, 1, 2, 3, 4 pm.
sC t d gMHRI: Donald Foss, "Sentences
matters, following his public in- I Have Served: Recent Research in
cident with a striptease dancer. Sentence Comprehension," 10571
MHRI, 3:45 pm.
Int'l Night: Food from Israel,
THE MICHIGAN DAILY League Cafeteria, 5-7:15 pm.
Volume LXXXV, No. 88 Slavic Languages, Literature: Sha-
Thursday, January 16, 1975 dows of Forgotten Ancestors, 200
is edited and managed by students Lane Hall, 7 pm.
at the University of Michigan. News Fred'fBtnclGres
phone 764-0562. Second class postage Larry Mellichamp, "Selected Gar-
paid at Ann Arbor, Michigan 48106. dens of the Southeastern United
.Published d a i 1 y Tuesday through States," Botanical Gardens, 7:30
Sunday morning during the Univer- pm.
sity year at 420 Maynard Street, Ann Law School Student Senate Spkrs.
Arbor, Michigan 48104. Subscription Committee: J. Schulman, "Syste-
rates: $10 by carrier (campus area); matic Jury Selection and Its Impi-
$11 local mail (Michigan and Ohio); cations," 100 Hutchins Hall, 8 pm.
$12 non-local mail (other states and Music School: MidwesternConfer-
foreign). ence Concert, Pioneer High School
Summer session published Tues- Band, Hill Aud.; Rodney Hill, flute
day through Saturday morning. Doctoral, Recital Hall; both events
Subscription rates: $5.50 by carrier 8_pm
(campus area); $6.00 local mail
(Miehie.an and Ohio*~A): X8~t.50 *ASJ

women's Studies Films: Continu-
ous Woman; Back to School, Back
to Work, Lec. Rm. 1, AMLB, 8 pm.
Summer Placement
763-4117
Youth vacation Camps, Ibadan,
Nigeria: counselors needed to teach
physical exercise, swimming, lan-
guages, practical sciences, martial
& body arts; appi. deadline Jan 31.
Have a flair for
artistic writinq?
ed in reviewing
poetry, and music
or writing feature
stories a b o u t the
drama, dance, film
arts: Contact Arts
- Editor, do The
Mign Daiy~

IL

r

twiicnigan ana Unit)); qio.au non
I

U-M Stylists
Styling or Regular
We maie you
feel better
At the UNION

Four Graduate Student Teaching Assistants
Positions Open in the Winter 1975
PILOT PROGRAM
RESPONSIBILITIES INCLUDE:
1. Designing and Teaching a 3 credit seminar.
2. Counseling 30 students on a corridor.
3. Contributing to the program's theme: Personal and Social
Change.
STIPEND-ROOM AND BOARD & GSTA STIPEND
Applications will be accepted thru Fri., Jan. 17th at
the Pilot Program, Alice Lloyd Hall
FOR MORE INFO-CALL 764-7521
a non-discriminatory affirmative action employer

.r

r--

I

I I

IT'S NOT TOO LATE
You Can Still Enroll
in Military Science
Why Take Army
Officer Education
Program Courses?
" Develop alternate or
secondary career field
" Learn practical
leadership and
management
" Financial assistance
* Develops character
" Guaranteed job upon
graduation and
commissioning. Starting
salary about $10,000
CONTACT the CHAIRMAN.
ARMY OFFICER
ri1 1n A "ITLI DDI4I*D A kA

RE ENC
HSCome visit o
601 E.

TRAVEL
lOVED

DON'T SIGN YOUR LIFE AWAY!
A 4 month Winter Term lease is one of the reasons
Wes Wolverine came to University Towers Apartments.
A 12 month lease hurts.
Wiiversitf9vvw6rg
536 S. Forest Avenue, Ann Arbor, Michigan 48104 Phone (313) 761-2680

ur new location at

I

WI LL AM

CORNER OF WILLIAM & MAYNARD
To celebrate we will be holding an

I

OPEN HOUSE Friday, Jan. 17, 9-5 p.m.
with FREE ORCHIDS

HOUSING DIVISION
IN-RESIDENCE STAFF APPLICATION
FORMS FOR 1915-16 ACADEMIC YEAR

FLOWN FRESH FROM HAWAII BY UNITED
AIRLINES TO OUR FIRST 500 VISITORS

Let us tell you about Aloha Hawaii
"White Sands" package from $454

Available Starting December 10, 1974
In Ms. Charlene Coady's Office
1500 S.A.B.

I

"

-

POSITIONS INCLUDE:

Resident Director, Assistant Resident
Director, Resident Advisor, Resident
Fellow, Head Librarian and
Graduate Student Teaching Assistant

I

If there's anything we like
better than launching
- a new submarine

..it's launching
a new engineer.

Advisory positions require Junior status or above for the Resident Fellows in
Residential College and the Resident Advisors positions: Graduate status
for Graduate Student Teaching Assistant in Pilot Program and the Resident
Directors position. However, qualified applicants who have Junior status or
above during the period of employment may be considered for the Resident
Director positions.
Many of these positions are available to single or married Graduate stu-
dents without children who qualify for Graduate work at the University.
Positions are also open for qualified, single undergraduates.
QUALIFICATIONS: (1) Must be a registered U. of M. student on the Ann
Arbor Campus in good academic standing during the period of employment.
(2) Must be Junior status or above during the period of employment.
(3) Must have lived in residence halls at University level for at least one
year. (4) Must have a 2.5 grade point average at time of application.
(5) Preference is given to applicants who do not intend to carry heavy
academic schedules and who do not have rigorous outside commitments.

I

And we've launched quite a few of
both. Submarines are our product.
Engineers design them. So when-
ever new engineers join us we see
that they get launched properly.
TRIDENT and other on-going pro-
grams at General Dynamicsoffer
rewarding opportunities to talented
graduates in Civil, Electrical, Indus-
trial, Marine, Mechanical, Welding
and Metallurgical Engineering and

I

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