}Page Two
THE MICHIGAN DAILY
Page Two THE MICHIGAN DAILY
U.S. dollars spark trade dispute;
DAILY OFFICIAL
BULLETIN
mark an
By AP and Reuters
FRANKFURT, West Germany
-A fresh wave of speculation
against the dollar hit the foreign
exchange markets in Frankfurt and
Tokyo yesterday.
Dealers estimated the West Ger-
man Central Bank had been forc-
ed to buy between 500 and 600 mil-
lion dollars by mid-morning to
keep the United States currency at
its internationally agreed floor
price of 3.1500 marks.
West Germany has borne the
brunt of the international selling
in yen
of dollars in the past week, b
more than 2.5 billion dollars
vestors and big institutions w:
Deutschmarks and otherr
currencies rather than a U. S
rency.
They are buying up harder
rencies, particularly the De
mark and the yen, in the exp
tion of a sudden profit if thes
currencies should be upvalu
The dollar-dumping in West
many and other money marke
flected a widespread judgmen
the dollar's official value is
Navy jet crash toll
may reach twenty
devaluation hin
iuying ged higher than its real worth, and it has bought more t
as in- that sooner or later the official lion dollars to maint
anted rate will have to give. parity.
major Washington wants the readjust- President Nixon's
. cur- ment to come by revaluation of for- negotiator, William E
eign currencies, particularly the day gave an appare
r cur- West German. mark and the Japa- the U. S. expects Japa
utsch- nese yen. But neither the Japanese the yen as part of its
pecta- nor the Germans, so far, have to world trade and n
e two been willing to undercut their ex- bility.
ued. port chances. Eberles apparent hi
t Ger- If their currencies were revalued ing a day of talks w
ts re- as the United States wants, im- government officialsc
t that ports such as Volkswagens and Japan should take to
peg- rsisohradioswok agensoresided trade surplus w
expensive in U. S. stores. And con- which reached four i
E versely, U. S. exports would be last year.
cheaper in Germany and Japan, Japanese sources sa
giving U. S. traders"an edge..ican officials message
The Central Bank of Japan is port curbs, more imp
believed to have bought some 105 rency adjustment."
million dollars yesterday as pres- $ bThe American tra
sres from Western Europe con-$8.5 billion is one of
tinued to be felt. In therVast week, the dollar has weaken
a new monetary crisi
C ash- The Michigan Daily, edited and man- Europe.
crash- aged by students at the University of Governors of state
minis- Michigan. News phone: 764-0562. Second leading West Europ
ngeles Class postage paid at Ann Arbor, Mich- are due to meet in Ba
igan. 420 Maynard Street, Ann Arbor, land over the weeke
Michigan 48104. Published daily Tues-ladovrte eke
60 de- day through Sunday morning Univer- the current crisis. TI
st his sity year. Subscription rates: $1o by of any attempt to reso
Jmcarrier (campus area); $11 local mail
Jim in Mich. or Ohio); $13 non-local mail would emerge from t
(other states and foreign).
Summer Session published Tuesday
d the through Saturday morning. Subscrip-
ihe ion rates: $5.50 by carrier (campus +.
area) ; $6.50 local mail (in Mich. or1
saw Ohio); $7.50 -non-local mail (other
states and foreign).
, , . . .. .. . . . . . ... * . . .... .*. * . . *.*.... ..... ... . ...:*
CALEDAY, FEBRUARY 9
tA DAY CLNA
te Religious Affairs: Senior diaciples of
P. Kaplaeu, Jackson Dupree and Milda
Vaivada, "The Discipline of Zazen",
than 8501m1- 7:30 p.m.
ain the yen's International Folk Dance: Barbour
Gym, 8-11 p.m., 8-9 p.m., teaching.
chief trade UAC-Michmimers: Woody Allen's
chie trae nlv_ "lnv t Avi sim"Mnal
' i!
WABX present... The Incredible ... The Outrageous
DAN HICKS
AND HIS
HOT LICKS
"Super Hero of 20th Century Music n.."
--Rolling Stone
also special guest star
Kberle yester-
nt hint that
an to revalue
contribution
monetary sta-
nt came dur-
ith Japanese
on the steps
cut its lop-
ith the U. S.
billion dollars
aid the Amer-
was ..."ex-
orts and cur-
de deficit of
the reasons
ned, creating
s in Western!
banks from
ean nationsj
asel, Switzer-I
nd to discuss
he guidelines
lve the crisis
hat meeting.
ply i iagain, bam, Mendels-
sohn, 8 p.m.
GENERAL ANNOUNCEMENTS
Attention Students: Feb. 20, 1973
(5:00 p.m.) is the last date for the Win-
ter Term when the Registrar's Office
will allow refund for a 50 per cent
Withdrawal.
Career Planning & Placement Info:
For grads with no education courses,
Boston College Master of Arts in
Teaching is a 15-mo. program, withI--
$3500 paid internship at secondary
level. I
BOB SEGER
and his
GROUP
SATURDAY, FEB. 17-8:00 P.M.
MASONIC AUDITORIUM
Tickets $4 and $5 at Masonic Aud. B.O., Hudson's and Grinnell's
A GOLDEN GOOSE PRODUCTION
For liberal arts grads with no edu-
cation courses, Univ. of Pa. offers a
teacher intern program with $2600 paid
internship, Application deadline:
March 15.
Canada Manpower offers services to
Canadians graduating in 1973, check
this office (3200 SAB) for details. ..
Summer Placement: Camp Sea Gull,
Mich. Coed will interview Tues., Feb.
13, 1 :30-5:00. Openings include general
counselors, arts and craft, nurse, trip-
ping, sailing and other specialists.
Camp Oakland, Coed, Mich. Under-
privileged Children, will interview
Thurs., Feb. 15, 9:30-5:00. Openings in-
clude cabin counselors, specialists in
arts and crafts, waterfront director,
nurse, program director, cook.
Details and applications available in
212 SAB and you may register by
phone or in person.
U -M DANCERS IN CONCERT AT POWER
Friday, February.9, 1973
Jane Fonda in
iI
"emerges as the finest screen
actress of her generation."
--LIFE
TONIGHT
Feb. 9-10-7-8-9-10 p.m.
MLB Auditoriums 3 & 4
ALAMEDA, Calif. UP) - Emer-t
gency workers searched today fori
additional victims believed buriede
in debris after a Navy fightert
plane crashed into an apartment
house and exploded, touching off
an inferno that spread to two ad-
joining apartment buildings.
Three were known dead, at least'
17 were injured. About 20 persons
are feared dead.
Authorities said that in all, more
than 200 persons were believed liv-
ing in the buildings affected by the
crash and fire in the San Francisco
Bay area community.
Intense heat prevented workers
from entering the rubble for sever-
al hours after the crash late
Wednesday night. Workers wear-
ing asbestos clothing and fire-$
men protected by a stream of wa-
ter finally were able to start a
search of the smoldering, charred
debris.
The building struck by the A71
Corsair was a wooden, four-story,
open-courtyard type. One of the
adjoining apartment buildings was
leveled, another damaged.
Witnesses in the residential area
said they heard a "whining" noise:
just before the crash. Then there
was an explosion that sent flames
and smoke several hundred feet
into the air, they said.
A radio transmission was moni-
I WABX Presents ;
U I
THE
I If
B3EE
GEES II
I WITH 30 MEMBERS OF *
DETROIT SYMPHONY
I Conducted by
GLYNDWR W. HALE
I Special Guest Star
I From England
I
JIMMY STEVENS u
TUES., MARCH20
COBO ARENA
TICKETS
$6.50 $5.50 $4.50 *
I BY MAIL ORDER ONLY
* Mail order only to Cobo Arena
I -Bee Gees Concert, 40 W. *
Jefferson, Det. 48226. Enclose I
self-addressed stamped envelope
* with certified check or money .
order. I
I A GOLDEN GOOSE
I PRODUCTION
Immmmm mmmmmmmmmmmmmmm I
tored from the pilot of a con
ion aircraft to the one that c
ed, a Federal Aviation Adi
tration spokesman in Los An
said.
"He requested'to make a 36
gree turn because he had los
wing man," duty officer
Keogh said.
Another FAA source said
surviving pilot described ho
looked over his shoulder and
an explosion below.
$1.25 Cont.
Friends of NR
Featuring works by: Doris Humphrey, Lucas Hoving,
Vera L. Embree, Elizabeth Weil Bergmann and students.
Fri.-Feb. 23: 8 P.M./Sat.-Feb. 24: 2:30 & 8 P.M./Sun.--
Feb. 25: 2:30 P.M. Evenings: $3, Matinees $2 Adults, $1
Children Tickets on Sale at Stangers.
sponsored by U-M Department of Physical Education
A long-awaited motion
picture classic will be
shown today at 1-3-5-
7-9:05 PM.
I
I
I
Polish Mime Ballet from Warsaw
Most exciting and sensual of Europe's New Dance & Mime Companies
Ovations at Edinburgh, Berlin, Innovation in Theatre Form:
and London's Sadler's Wells. Moscow Gold Medal Winner.
Henryk Tomaszewski's imaginative corps of 29 uses elements of
dance, gymnastics and ritual. They create near magical language
by means of movement, images, light and sound . . . a truly
international success from Poland not to be missed by theatre
and dance enthusiasts.y
THE DETROIT INSTITUTE OF ARTS
Founders Society Concert Series: Edith J. Freeman, Chairman
AUDITORIUM, FRI., FEB. 16,8:30 P.M.
Art Institute Ticket Office (831-4678, 831-0360)
All Hudson's $8, $7, $6
"IT IS A MISSING CHAPTER FROM
THE GRAPES OF WR ATWj
AND OF EQUAL STATURE."
-Judith Crist, NBC-TV
mi-.
2nd HIT WEEK!
AT
1 :05-3:00-5:00-7:00
& 9:05,p.m.
This K*IKBAD
I$2.00 $:O
j FR I-SAT.
LOU KILLEN
I
It's JJf -jffTTJfor magical mirth and music!
+4 .
WALT DISNEYS
HILARIOUS ALL-CARTOON FEATURE /
TECHNICOLOR®
dor byBi11.PEET "Based onte book bylT N HITfE /L
e 'pra'd twBeVsa D5, t,, V, t, o nra O Co. Ic Q 1963 'Wa 0 i lt eyPodu~Sctos
PLUS: Brand-New Exciting
DISNEY LIVE ANIMAL FEATURETTE
"THE SILVER FOX AND
SAM DAVENPORT"
DON'T DELAY--SEE THEM TODAY!
..,adnitz / MATTEL Productions
" RoUnER
A Robert B. Radnitz/Martin Ritt JFzm
STARRING
CICELY
TYSON
I
CONCERTINA
i TI NWHISTLE
HNis power, his vigor, his
control were astounding"
-N.Y.Times
1 1 1 llSTEET
UAC-DAYSTAR PRESENTS
I
s
A
NOW i
Liv Ullm
Voted "
'Af FILM
"MASTERFUL !'
OF A SECURE I
LISTS OF C I
GREAT FILMS!"
Wins
"One of the
best movies
in yearsl
A rare gem.l
Family Circle
"A FILM
WORTHY INTEGRITN
PLACE ON AN ARTIS
NEMA'S MENT AS
THIS YEAF
ton, N.Y. Post T
Max von Sydow*Liv Ullman
The Emigrants -m
Technicotor From Warner Bros, AWarner Communications Company
on ...
Best Actress"
N.Y. Film Critics
OF IMMENSE
Y, AS CERTAIN
STIC ACHIEVE-
I HAVE SEEN
R !"
he National Observer
"A historical
pageant me.
undeniably
great."
Vincent Canby,
N.Y. Times
Believe us when we tell you-tickets are going very fast
don't wait another day-go to the Union lobby Mon.-Sat. from
11:00-5:30. Reserved seats $4.00-3.50-2.50. Sorry, no personal
checks.
Also on sale there:
HERBIE HANCOCK, FREDDIE HUBBARD coming Feb. 24
JOHN DENVER
I
sat feb.17
F,
71
4
CAPRA FESTIVAL
FRIDAY
MR. SMITH GOES TO WASHINGTON
1939. JIMMY STEWART as Jefferson Smith, leader
of boys and ecologist from Montana, who, single-
handedly, takes on the U.S: Senate in his efforts to
establish the innate dignity of the average man,
JEAN ARTHUR as a cynical reporter who warms up
to his courage and idealism.
j SAT.
Meet John Doe
SUN.
It's a Wonderful Life
SHOWS AT7: AND 10:00 $1.50 AT 7:00
MON.
The Bitter Tea of General Yen (7:00)
& Lady For a Day (9:00)
SATURDAY, FEB. 10
LWES PA
Pease Auditorium
8:00 P.M. GENERAL ADMISSION $4..00
Presen ted by
the Student Activities Board
l;