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November 07, 1975 - Image 9

Resource type:
Text
Publication:
Michigan Daily, 1975-11-07

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

Page Ten

I HE MICHIGAN DAILY

Friday, November 7, 1975

Page Ten HE MICHIGAN DAILY Friday, November 7, 1915

FRIDAY NIGHT at HILLEL1
5:15 - MINYAN DAVENING
Ramah Davening
8:30 p.m.-OPEN FOREMAT SERVICE
DINNER at 6:30 p.m. Please make reser-
vation by 1 p.m. Friday. Call 663-3336.
9 p.m. - ONEG SHABAT
All at H I L LEL - 1429 Hill
WEST SIDE BOOK SHOP

'I

Wholesale price rise

lignites inflation worries

Fine Used,
Books

Rare and Out-of-Print
Bought and Sold

WASHINGTON (P)-Wholesale9
prices leaped 1.8 per cent in
October, the biggest monthly
rise in a year, the government
reported yesterday. The jump ,
indicated that inflation remains
a serious problem.
White House Press Secretarya
Ron Nessen said the report
demonstrates t h a t "inflation]
certainlyis by no means some-
thing that can be ignored" in1
shaping policy.
NESSEN said that "there is
some feeling of concern by the
President's economic advisers.
in their evaluation" of the
wholesale price report. He said
a number of technical and one-
time factors helped boost the
wholesale index, but that Ford's
economic aides want to "see
evidence over a somewhat long-
er period of time" before reach-

ing conclusions on the signifi-
cance of the October figures.-
Price tags on new model cars,
lumber and textile products'
were particularly significant in
raising prices last month, but
the increases were spread al-
most across the board, the La-
bor Department said. Farm
prices also were up sharply but,
still about half the rise in Sep..
tember.
October's i n c r e a s e in the
wholesale price index followed
gains of six-tenths of a per cent
in September and eight-tenths of
a per cent in August and was
the sharpest rise since October,
1974 when wholesale prices rose
2.9 per cent.
WITH A new spurt at the
wholesale level, consumers can
expect a substantial rise in the
cost of living in the months

o MODERN FIRSTS
o AMERICAN INDIANS
o MUSIC - POETRY
* ORIENTAL TRAVEL
113 W. LIBERTY.o 995-1891
MON.-SAT.: 11 :00 A.M.-6:00 P.M.
THUR. & FRI. N ITES TO 9:00 P.M.

ahead as changes in wholesale
prices eventually show up in w<
retail stores.
Over the last three months,
wholesale prices rose at an an-
nual rate of 13.5 per cent, up
from a 6 per cent rate in the
May-July quarter. ;
However, the rate was still N --
less than half the 29.6hper cent
rate the three months ended ./4 .4 "-
last October before the reces-
sion slowed inflation. -
WHOLESALE p r i c e s last
month were 5.1 per cent higher
than a year ago. The index --
moved up to 178.9, meaning it , --
cost $178.90 in October to buy { '
the same goods at wholesale.'
which sold for $100 in the 1967 x
b d
base period:.
Farm prices rose 2.2 per cent
last month, a sharp rate but Y'
still significantly less than thePa
4.3 per cent increase in Septem-
ber. This put farm prices 5.2
per cent above a year ago. r
The sharpest increases in.,4. *.-.',4 4..
agriculture were for live poul-
try, leaf tobacco and fluid milk.
Prices for fresh and dried vege- -
tables dropped in October, while
livestock and plant and animal
fibers rose much less than in
the previous month.
Farm prices fluctuate erratic-
ally from month to month. Thus,
economists consider industrial
prices a more reliable barom
eter of basic inflationary trends. ,. . . ~ ~ ;~
In this category the news was
not good. _ Fire watch
; --------------- Children watch Newark firemen try to extinguish a blaze in their apartment building. No one
wasinjured,police said.

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,YouKnow,
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House committee dismisses
charge against Harrington
W A S H I N G T O N (AP')- THE COMPLAINT. against aides and a Washington Post
The House Ethics Committee Harrington had been filed by reporter.
yesterday dismissed a com- Rep. Robin Beard (R-Tenn.).
plaint against Rep Michael Har- The testimony involved CIA ac- HE DESCRIBED the report-
rington (D-Mass.) alleging that tivities in Chile during the pres- er as a friend who promised not
he violated House rules by re- idency of Marxist Salvador Al- to write the story. But when he
vealing secret testimony of lende. learned another newspaper
Central Intelligence Agency Di- Harrington said at the time planned to print a story about

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~I.
1 BSE means breast self- 1
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I 95% of all brpast cancers I
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rector William Colby. he felt it was his duty to dis- uouy s Lestimony on the oasis
3close to other members what of a letter written by Harring-
The ommiteevote 7 t 3be described as testimony sug- ton seeking further congression-
on dismissal after Chairman tC al hearings, he released the
John Flynt (D-Ga.) told the oth- gei illegal CIA activity hPost reporter from his promise,
er members it had been estab- againstAllene said.
lished that the occasion on Harrington signed a pledge
which Colby testified was not not to disclose the content's of Beard said through a spokes-
a legal executive session of a transcript of Colby's testi- man he is "tremendously dis-
the House Armed Forces In- mony, but said he discussed it appointed" at the committee ac-
telligence subcommittee. with several congressmen and tion. The spokesman said Beard
- - - -- would not immediately decide
---whether to file an amended
Jacobson's Open Thursday and Friday Evenings ; complaint.
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until 9:00 P.M. Saturday Until 5:3U .M.

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so

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The Ethics Committee had
been wrestling with the case
for weeks.
HA R RIN GT O N, mean-
while, had filed counter-com-
plaints against members of the
Armed Services Committee who
had voted to deny him access to
classified information.
Flynt told the Ethics Commit-
tee that it was learned only
Wednesday that the April 22
meeting of the investigation
subcommittee was irregular.
Ile said that no public no-
tice of the meeting was issued,
a quorum was not present,
there was no vote to go into
executivessession and only one
committee member, Chairman
Lucien N. Nedzi (D-Mich.) was
present when Colby testified.
"WE ARE required to find
that the 'hearing' which was
believed to have been held was
a nullity," Flynt said.
"In other words, no executive
session occurred and the infor-
mation divulged was not taken
in an executive session of a
committee of the House of Rep-
resentatives," he said.
Flynt said that until this in-
formation came to light the
committee proceedings on the
complaint had been based on
the understanding that the testi-
mony involved had been given
at an executive session.
FRI.-SAT.
F A
KEN
BL C E
IGUITAR, CLARINET, etc.

For a super Ole Sunrise, mix
11/2 ozs. Ole Tequila, 3 ozs.
Orange Juice, /2 oz. Grenadine.
Serve over ice in a large glass.
Then enjoy the smooth taste that
makes people want to shout-Ol!
M.ORTE

1.
'"

basically, the plaid flannel shirt
is the one you reach for first to
slip on over T-shirts, turtlenecks and
sport shirts. . .the long sleeve cotton
print you team with jeans. Here,
one from a selection of plaids that
range from soft and subtle to
bright and bold. Sizes S,M,L,XL. $ 6

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