Page 2-Wednesday, July 9, 1980-The Michigan Daily Wholesale prices up last month despite drop in energy costs WASHINGTON (AP) - The gover- companies and non-banking financial nment's gauge of wholesale prices rose institutions, surveyed while interest in June despite a rare drop in the cost of rates were declining sharply, said they energy. But the rate of inflation at the expected improved prospects for their wholesale level fell by two-thirds from own industries during the next six mon- the first quarter of the year to the ths. second. An upturn in wholesale food prices The Labor Department said yester- during the month foreshadowed further day that its Producer Price Index for increases at the consumer level later June increased 0.8 per cent from May this yesar. - more than in the previous two mon- IN RELATED news, business ths but far below first-quarter levels. leaders' confidence in the nation's While energy prices showed their first economy fell to a record low in the drop since March 1978- 0.6 per cent - second quarter this year, a business- the index for consumer goods other funded research group reported than food and energy soared by 1.1 per yesterday. cent. The Conference Board said its If the price of wholesale, or finished Measure of Business Confidence fell to goods rose for a full year at the June 29 in the second quarter, down from 40 rate, it would produce an annual in- in the first three months of the year. crease of 9.9 per cent. Prices rose at a The barometer of top-executive sen- 12.4 per cent level over the first six timent stood at 41 in the second quarter months of 1980, about the same as the last year. - same perioda year ago. Executives in transportation in. But the most dramatic change was dustries, particularly those with from the first quarter of the year to the airlines and railroads, and in such second. Fed by skyrocketing prices for manufacturing industries as textiles, fuel and food, wholesale prices rose in apparel, machinery, primary metals the January-March period at an annual and transportation equipment were rate of 18.9 per cent. The second- gloomiest about business conditions. quarter increase was a comparatively BUT OFFICIALS of banks, insurance mild 6.3 per cent. Today Ifyo e news happen, call 76-flAILY Ties tell all You are seated at a table in an English pub, considering entering into a friendly game of darts, when a British barmaid begins walking in your direction. Your first instinct is to tighten the knot of your paisley-patterned tie and quickly brush the hair off your brow. She approaches, and before you can utter a word, she says, "Whiskey, I presume?" Chances are her guess was right on the money. The barmaids of Great Britain claim they know what you'll want to drink simply by noticing the tie you wear, according to the British Tie Manufacturers Association. For example: A silver or grey tie means gin and tonic; spots indicate draught lager; red-tie men drink brandy; and, green tie wearers order vodka and tonic. The British often wear club, school or regimental ties and these, too, work as well as wearing a sign around your neck, the barmaids reported ina survey. Wonder if a non- tie wearer indicates a teetotaler? E On the outside Summer comes into full blossom today, with mostly clear skies and a high temperature in the mid 80s. Whit more could you ask for? Q Happenings FILMS AAFC-Luana, 7, 8p.m., Aud. A, Angell. MEETINGS CEW-Re-entry '80 Brown Bag lunch for women who have recently returned to school or are planning to do so. Noon, 330 Thompson. Rudrananda Ashram-Intermediate Hatha Yoga,7?30 p.m., 640 Oxford. Spartacus Youth League-"Communist Work in the Trade Union," 7:30 p.m., Michigan Union, Welker Room. PERFORMANCES Michigan Repertory '80-The Intrada Wind Quintet, 7:15 p.m., Power Center lawn. Michigan Repertory '80-"A Midsummer Night's Dream," 8p.m., Power Center.- RC/Brecht Co.-"The Resistable Rise of Arturo Ui," 8 p.m., Residential College Aud. University Musical Society-The Borodin Trio, 8:30 p.m., Rackham Aud. MISCELLANEOUS Department of Recreatiotlal Sports-Third Annual Red Cross Swim-A- Cross, 3:30-6:30 p.m., NCRB pool. WUOM-Life and work of British songstress Gracie Fields is reviewed, 10 p.m., 91.7 FM. The Michigan Daily (USPS 344-900) Volume XC, No. 34-S Wednesday, July 9,1980 The Michigan Daily is edited and managed by students at the University of Michigan. Published daily Tuesday through Sunday mornings during the University year at 420 Maynard Street, Ann Arbor Michigan, 48109. Subscription rates: $12 September through April (2 semesters); $13 by mail outside Ann Arbor. Summer session published Tuesday through Saturday mornings. Subscription rates: $6.50 in Ann Arbor; $7 by mail outside Ann Arbor. Second class postage paid at Ann Arbor, Michigan. POSTMASTER: Send address changes to THE MICHIGAN DAILY, 420 Maynard Street, Ann Arbor, MI 48109. The Michigan Daily is a member of the Associated Press and subscribes to Jnited Press International, Pacific News Service, Los Angeles Times Syndicate, and Field Newspaper Syndicate. News room: (313) 764-0552. 76-DAILY: Sports desk: 764-0562; Circulation: 764- 0558; Classified advertising: 764-0557; Display advertising: 764-0554; Billing: 764-0550; Composing Room: 764-0556. Editors-in-Chief .......... TOM MIRGA Business Manager. . .......... HOWARD WITT 'ROSEMARY WICKOWSKI Editorial Page Editor .............NICK Display Manager. ...KATHLEEN CULVER KATSARELAS Classified Manager.....:.SUSAN KLING Arts Editor :......... MARK COLEMAN Circulation Manager.... JAMES PICKETT Sports Editor ...... MARK MIHANOVIC Ad Coordinator... E. ANDREW PETERSEN Executive Sports Editor ... SCOTT LEWIS BUSINESS STAFF: Donna Drebin, Aida NEWS STAFF WRITERS: Sara Anspach, Eisenstat. Barbara Forslund, Kristina Maureen Fleming. Joyce Frieden, Bonnie Peterson, Daniel Woods Juran, Geoff Olans; Elaine Rideout, SPORTS STAFF WRITERS: Dan Conlin, Mitch Stuart, Kevin Tottis Tony Glinke, Cathy Landis, Buddy PHOTO STAFF: Paul Engstrom, David Moorehouse, Jon, Moreland, Joanne Harris, Jim Kruz Schneider, Drew Sharp. Jon Wells. I 1 lwmm