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 I