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January 10, 1980 - Image 9

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Publication:
The Michigan Daily, 1980-01-10

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The Michigan Daily-Thursday, January 10, 1980-Page 9

Klutznick
Commerce
secretary
WASHINGTON (AP) = Philip
Klutznick, a 72-year-old Chicago
business executive, was sworn in
yesterday as the new, secretary of
the Commerce Department.
Klutznick and his new deputy,
Luther Hodges Jr., took the oath of
office in a White House ceremony,
with President Carter looking on.
The president, in introducing
Klutznick, said there was "a
growing consensus that the federal
government's role in business
should be minimal."
THE PRESIDENT, stating that
during, his three years in office the
Commerce Department has been
"greatly strengthened," said that in
a free political system a "free and
competitive economic system is an
integral part."
'Klutznick has been described as
"a very active 72" and "72 going on

Farmers hurt as grain plummets

Klutznick
... 'enjoyable opportunity'

MOUNT HOPE, Kan. (AP) - Grain
farmer Lloyd Schmidt, a huge ruddy
man under a work cap, watched
helplessly yesterday as the fruits of his
labor lost value in the marketplace.
The market monitor in the Mount
Hope elevator flashed the bad news -
grain prices down and still no one
buying.
TO SCHMIDT and hundreds of other
grain farmers holding last year's har-
vest in rural elevators, it meant their
long hours of field work may go for
naught.
Drastic drops in grain prices were
forecast when President Carter an-
nounced the cutoff of grain sales to the
Soviet Union in protest of 'Soviet
military intervention in Afghanistan.
Grain futures trading was suspended
Monday and Tuesday. When the
markets reopened yesterday, farmers
braced for bad news. They got it.
"I THOUGHT it might fall a little bit,
but you always hope it doesn't drop too
much," Schmidt said. "This time, it fell
out of bed."
Schmidt had been holding grain for
months, figuring he'd sell it to make a
land payment in March. Others had

50."
He was asked in an interview if
age would be a problem in running
the $3 billion agency that oversees
activities from census to inter-
national trade.
"I don't even think about it," he
said in an interview, adding, "Can
you think of anything more en-
joyable than getting an opportunity
at age 72 to come back to an active
life and help your country?"

held grain in anticipation of higher
prices. Some were waiting for bills to
come due.
All of them lost money yesterday. On
paper, the losses amounted to millions
of dollars.
LESS THAN half a minute into the
trading session, prices for wheat, corn
and soybeans dropped by the daily limit
the exchanges permit before halting
trading in those commodities.
Reaching the limit effectively ended
the day's action, although the price of
soybeans later rose fractionally on the
Chicago Board of Trade.
Grain dealers at Midwest com-
modities exchanges had expected
prices to fall yesterday due to President
Carter's embargo on the sale of 17
million metric tons of grain and
soybeans ordered by Russia, but not as
sharply as they did in exchanges in
Chicago, Minneapolis, and Kansas City,
Mo.

Trade resumes
on downward note

"I don't know how I'm going to make
the payments and put the crops back in
this spring," said farmer Paul Koontz.
"As the bills come due, I usually sell 200
to 300 bushels to pay them. I had
everything pretty well figured out, I
thought. But now this thing."
FERTILIZER, FUEL and rent "all
cost a lot of money," Koontz said.
"Now it looks like we're going to have'
to take less for our grain, and it's not
going to work out on this farm, at
least."
The general attitude at elevators
throughout the Midwest was to wait out
the price drop, even if it means

borrowing more money.
Ron Kibbe, manager of the Farmers
Cooperative Elevator in Mount Hope,
said he understood what farmers were
going through.
"THESE FARMERS are, in effect,
facing a 25 per cent cut in pay," Kibbe
said. "What would happen to any
businessman if all of-a sudden his net
return was going to be cut drastically?"
It is unclear how consumers will be
affected. Mills and other grain
processors usually buy under long term
contracts, and will not immediately
benefit from cheaper prices. Beef
producers may save on the corn fed to
cattle, but it will be months before nay
impact might be felt at the retail level.
President Carter on. Tuesday tried to
mimimize the impact of his action on
grain prices by raising federal price
supports.

L /. .' /'

/no"N &

DAMAGE ESTIMATED AT $100,000:
Apartment fire leaves 30 homeless

"THE LOOK"
Sunday, January -20
8:00P.M.
40

(Continued from Page 3).

McKinley Properties paid for rooms
for the tenants at a local hotel.
McKinley spokeswoman Daily said
many had already found new apar;
tments.
SEVERAL OF the building's residen-
ts were apparently out of town Monday,
nd returned to Ann Arbor only to try
nd salvage what they could from their
burned-out apartments.
Steven Michaelson, a junior in the.
University's School of Business Ad-
ministration; arrived in town yesterday
afternoon and found he could save his
stereo, two televisions and a bar from
his apartment.
Michaelson was called at home in
Fort Wayne, Indiana. "They told me
that my place was totally destroyed,
that I hadlost everything, so I was pret-
ty upset."
But because he was. able to salvage
his stereo and bar, Michaelson said, "It
all turned out a lot better than I thought
it would when I first found out about it."
MICHAELSON SAID the disaster

was also offset by the discovery that his
personal belongings were insured
through his parents' homeowners' in-
surance policy.
Michaelson's roommate, Martin
Friedman, a senior in the University's
school of Engineering, did not fare as
well. Michaelson said Friedman had
moved his things back into the apar-
tment Sunday, the day before th'e fire.
According to Michaelson, Friedman
lost "every stitch of his clothing."
A maintenance person for McKinley
Properties discovered the fire shortly
before noon Monday and called the fire
department.
UNIVERSITY Business Ad-
ministration junior Allene Kicher,
whose apartment at the back of the
building was relatively undamaged,
said she smelled smoke and heard fire
alarms go off, but she ignored the
alarms. "You hear them all the time
when people are cooking," she said.
(Under city ordinance, all rental

units must be protected with fire
alarms.)
As she was leaving the building for a
walk, Kicher saw water pouring from
the underside of the building.onto the
parking deck, and realized the fire was
real.
ROBBIE THOMAS, a) junior in
Engineering, said she saw no flames,
only smoke, and was unaware of the ex-
tent of the fire.
"I had no idea how bad that fire was
going to be when it started. I was just
going to take a stroll around town but I
wanted to stay tlere and see what they
(the firemen) did. The more I stood
there, the worse it got," she said.
As they arrived on the scene,
firefighters immediately went into each
apartment, breaking down doors with
axes when necessary, to see if there
was anyone still in the building,
McKinley spokeswoman Daily said.

Fire Chief Fred Schynid said about 60
firemen fought the blaze for two hours
Monday afternoon.
Your apartment
gramped?
Read the
dally Cla ssi fods
for the latest 'For Rent' info.

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350

INS continues to investigate,
determine fate of 'U' Iranians

(Continued from Page 1)
"There have been a number who
have requested to have hearings, and a
number have decided to leave volun-
tarily," Wagus said. Students notified
that they must leave the country are
eligible for deportation hearings.
A "fairly good percentage" of those
found to be deportable have chosen to
leave the country voluntarily, and
others "desired to be deported," accor-
ding to Wagus.
"THEY FEEL deportation from the
U.S. will give them some kind of status
among their peers in Iran," he said.
Students are notified of their final
status after their case is reviewed, and
are given 30 days from the date of
notification to leave the country. Wagus
*said INS hopes to complete reviews of
the initial cases within the next three
weeks.
The deadline for registration with
INS was originally Dec. 14. But U.S.
District Judge Joyce Green declared
the selective immigration program un-
constitutional Dec. 11, an action which
delayed the deadline until Dec. 31.
STUDENTS WHO failed to register
by that date are not necessarily depor-
table, said Wagus - if all other factors
indicate the student is in good standing,

he or she can still return to status.
Because the University refused to
provide INS with a list of Iranian
University students, INS doesn't know
who hasn't been interviewed. But if
Iranian students who failed to report
for interviews are discovered by INS of-
ficers or the police, Wagus said, they
will be subject to arrest and depor-
tation.
University Foreign Student Advisor
Charlene Schmult said yesterday the
procedures are now "between INS and
the students." She said the only role the
University's International Center could
now play would be to provide INS with
additional documentation which might
help restore the status of some studen-
ts.
Vi olations of student status include
not being enrolled as a full-time
student, not being enrolled in the
University at all, being enrolled in an
institution different than the one a

student has obtained permission to at-
tend, not having a valid passport, or
working illegally.

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