European Stars and Stripes (Newspaper) - May 07, 1977, Darmstadt, Hesse                                Saturday May 7, 1977 the stars and stripes Page 27 . Agency  Rise too High new steel hikes planned Cleveland a Republic steel corp. Announced Friday it will raise prices on two major lines of steel by 8.8 and 6.8per cent the hikes Are to take effect on mails. The government s inflation monitoring Agency called the increases excessive. There is no doubt they need some in crease but we think the increase they announced was too High the Council on wage and Price stability said in washing ton. We have a study of steel prices underway and we Wilt take this into consider  Republic the nation s fourth largest steel producer said it is increasing prices on Flat rolled products by an average of 8.8per cent and on not rolled and cold finished Carbon and Alloy bars by 6.8 per  products Are used for Home appliances Auto bodies and office Furni Ture. Bars Are used for forgings machine tools and farm machinery. Republic said those two product line represent 60 per cent of the steel Industry s . De Lancey. Republic president attributed the boosts to rising costs of raw materials and Energy. He also said the recently negotiated contract with the United steelworkers Union added to the company s  Detroit a spokesman for general motors said the Impact of the increase 2 airmen get greek jail terms for Flag insults irakl10n, Crete a two .airmen serving at an american air base on this Southern Mediterranean greek Island were sentenced to two years. Imprison ment each thursday on charges of Vandal ism and of insulting the greek Flag. Roger Gonzales 21, of is. Antonio tex.,and Euticio Ramos 23, of Harleton. Tex., both privates were Given the right to a re trial but were  the new hear ing expected to take place in a few months. The two men admitted taking Down 11greek flags from shops and Public build Ings last March 25 on the occasion of the greek National Independence celebrations. They said they acted under the influence of alcohol and did not intend to offend greek Public sentiment. Probably will depend on what the other companies  in recent months several steel executives have mentioned markups of 5 per cent in Pittsburgh National steel corp., the nation s third largest steel maker said it was studying the Republic announce ment. National steel initiated the last round of Price increases on Flat rolled products last december. Spokesmen for other major steel producers including . Steel and Bethle hem steel had no immediate  Lancey said the effect of the Price changes will be to increase Republic steel Mill revenues by 6.s per cent. Republic estimated that the Price hikes applied to Industry shipments would increase the wholesale Price Index by less than two tenths of one per  thursday top administration eco nomic officials met with Edgar Speer chairman of . Steel after Speer announced he was considering Price increases. Budget director Bert Lance had told re porters he did not see How Price increases would be consistent with import quotas on steel protecting the Industry. Lance had said the administration is not trying touring pressure on . Steel to hold its prices Down. But other officials said the administration economists had discussed wages costs and prices at the meeting. Idle rate at 7% in april lowest in 29 months Washington up the . Unemployment rate declined to 7 per cent in april the lowest level since the Early Days of the recession 29 months ago the labor department reported  total of 90 million persons were employed in april a Milestone in . Eco nomic history. Unemployment fell 0.3 per cent fro March and was 2 per cent below the recession Peak of 9 per cent set in May 1975.about 6.7 million persons were unemployed during april reflecting a one month decrease of 330,000. The decline occurred primarily among persons who los their last Job Many of them recalled from  since november 1974 has unemployment been As Low As 7 per  than half a million persons found jobs during april for the second straight month. The employed work Force has explosions Rock Bank two hotels in Istanbul Istanbul a an explosion shoo the newly built intercontinental hotel in the heart of Istanbul causing damage but no injuries police , two other explosions rocked another hotel near the intercontinental and a Bank Branch in a suburb of Istanbul police said. Nobody was injured and prop erty damage was reported minimal. Stocks closing . Stock Price through the Courtesy of ache Halsey Stuart inc. Address rpt Allied chem Allisch  am air Flor am airlines am brands Abc am Canco Amcy amid am Eipur am Home am motors am Nat res att Amov Asni Andoll at Rich Avon bib Kew Bent How Bend Beth steel Harden Brunswick Burroughs celanese Ovate Taeno co Slomo Chrysler Clark equip Mays 11.2 46 114 51.4 137 27.6 11.7 46.1 46.1 19.7 27.1 2 5 21 4.5 is 1.1 14.7 51.6 41.1 41.5 21.1 42 is 524 14.6 14.4 97.7 917 10.1 40.6 17.7 414 may6 11.1 46.2 11.1 97.7 114 22.7 11.6 46 45.7 40274 14.4a 45 64.5 my 11.4 49,4 414 21 41.4 14.7 52-5 ilia574 92m.1 40.4 174 41.1 Cut pm coca cola Colo Palm com need con Edison cant can Cool do a print Deere Crown do chem Dupont easter fair Elk 6kon fair Cam Firestone first Nat Fluor fort Glenoyn Geneles Gen foods genl sir Gen motors Gen Puou Gen Tiro Gillette Goodrich Goodyear Grace Grum fan Mays 10.1 29.1 24.9 514 2.7 22.2 la.5 11j 12.7 15.7 17 121.7 1 414 924 10.4 20 27.1 55 9 1m 19.7 19.1 27.7 21.9 10.5 19.7 x.3 May 10.1 74.4 24.1 91.1n.7 22.2 16.4 114 12.7 15.5 64 1 41.2 52.5 29.5 194 27.4 h2 55.1 514 55 11.2 19.5 19 113 216 19.6 10,2 21.2 Gulf Oil Gulf t Western Hilton Honeywell by it chem it Nickel no paper to Tek corp Jotine aylm Kaiser Alu Ken Necol Kraft Libby Owen ung Temco Tilton Lockheed Macy Marathon Martin mar Wuy depart Mcdonnell d Mem Mobil Oil Monsanto Nat Gypsum Natoma nor corp Olike Edison Oll corp Owens Iii jj.,9 14 21.1 91 260.4 4.7 514 k.2 16.1 19 h4 191 47.9 11.1 104 14.1 10.2 112 51.2 274 25.5 20.2 20.2 51641 71.2177 177 14.7 19.7 472 292 May 274 14.1 22.7 90.5 216 4.7 241 5�4 144 16.2 15.1 19.3 2t.4 474 10.4 11411 114 51.4 274 25.2 20.1 201 50.4 64 77j 177 14.4 194 41.5292 pan am air Perm Dent Pepsico of liar Phil Morris Polaroid  Raythelon Ria Reub steel Rev Ion Roval dutch 51 Heotis p Sears Well Oil Sperry Rand Aldo Cal swill co Dedyne Texas nil Tek Asuit Twa traveler Union carb Union Oil Union Pec unto Oral uni Tairl Usu eel Westin Onse Woolworth Troi Zenith may41 71.5264 544 11.4 77.2  10.7m 59.5 35.6 59.1 694 17.1 41.7 304 614 1.2 Lii 10 145 54.1 52.6 561 9.7 22.7 45.5 21.4 24.4 44 1 114 may644 71.6 256 55 11.4 76.6 61 10.7 12 �4 35.7 591 69.4 34.4 41.1 10.2 67.1 2.4 14 j 10.1 m.5 514 5l 55.5 227 45.4 21-1 242 442 71.5 never before been has High As 90  among adult men dropped to s per cent also the lowest level in 29  unemployment fell 1 per cent to 17.8 per cent and among construction workers it went Down More than 2 percent age Points to 12 per cent the lowest Levelin 2k years. The construction Industry thus mar edits third straight month of employment growth with 75.000 new jobs added to the payrolls. Factory employment Rose by 80, 000 and the service industries added 50,000  number of Long term unemployed 15 weeks or More dropped by 100,000 to1.8 million. There also was a Small reduction in the number of persons forced to accept part time  last october total employment has grown by about 2.3 million jobs a average of 380,000 a month. Unemployment has declined by a total 900,000 since then.. Unemployment dropped to 7.3 per cent in january but was propelled upward to 7.5 per cent in february by layoffs caused by severe Winter weather in the Eastern Industrial states. That crisis eased in March when the jobless level re turned again to 7.3 per cent. 15 most Active new York up the 1 Molt eco dirt stocks in a York Slock Echano us Murlott 24j.wo 10 lock Edair 262400 ii re cods 234.100 16� Nia Geramoni 225.600 14 goal motor 220,200 49bankamerica 194.700 24 Krei Sessco 111.100 29� we nth ele 177,700 21 Sony corp 166.900 9wutdtecnnol 162.700 19h 20thcl tfx 1s2.700 la 4 a to electric 144.300 54� oct Ontl pm 140.900 210 Melec per 113.500 24v� amex 10 most Active new York up the 10 n out Active stacks m american Stock Exchange composite trading at 4 p no Fetui Sale Tail eng  ii  Sou a 101,700 in t3.no to. �.0 7 4  1u 3i.wo 5 gis die returning f rom ftps by the Stan and Stripe five . Soldiers returning from Field training exercises were killed when the vehicles they were Riding in overturned v corps officials said . Donald j. Kuykendall of b Btry 3rd in. 61st air defense arty at by Dungen died of head injuries he received late thursday afternoon when the Chappars Carrier in which he was Riding overturned in a ditch near Budinger a 3rd army div spokesman said. Two other soldiers in the vehicle at the time of the Accident were admitted in satisfactory condition to the 87th general hos Pital in Frankfurt and another Soldier was treated and released the spokesman  truck flips two soldiers of co a 547th engr in in Darmstadt were killed in an autobahn Accident near Darmstadt Early Friday morn ing when a dump truck returning from a Field exercise overturned v corps officials  to a spokesman for the City of Darmstadt the five ton vehicle overturned at about 2 . When a trailer it was Towin swerved striking a passing German tandem trailer truck. The dump truck apparently had swerved hard to the right unsuccessfully attempting to miss the truck when it hit a Barrier near the Zwingenberg exit on the Edge of the Road and flipped Over onto its roof. Pinned under track the 20-year-old Driver was killed instantly when he was pinned underneath the truck and a 19-year-old Soldier one of six passengers in the truck s bed was declared dead at the scene of the Accident the City spokesman said. The truck s assistant Driver and the five other Passen Gers All received minor injuries and were taken to the 97th general  Driver of the German truck received minor injuries the City official  officials estimated the damage at about 148,000.two soldiers assigned to cob 2nd in. 36th inf. At dlr Cigons. Were killed Friday morning when their armoured personnel Carrier overturned while travelling Weston the bad her Feid Alsfeld autobahn about 8tt Miles Northeast of Alsfeld. The3rd army div spokesman said. Three other soldiers in the vehicle were treated for minor injuries and released he said. Army officials said the causes of the accidents Are still under investigation. The names of the four other dead sol Diers Are being withheld pending notification of their next of Kin. 7 die in italian Auto collision Chato Italy Lupi seven person died and four were injured in a two car collision near this South italian town police said. Conversion rates Brussels up Friday s closing rates of the . Dollar to european currencies. Figures Are expressed in dollars to the British Pound other local currencies to dollars kick tar Tor Houi Lynoil Asa Mervoil Pretie Yco pc  Sente Icorn Kewa Nalond Champ Home. Inlall Behnle 11.300 2w 12.000 Way 51.71m f ret  h Dow Jones averages new York api Dow Jane Eluting average Friday High Low close Chang  94127 932.24 916.74 -4.70 10 transport 34001 hmm in k -1.22 15uliluis 11059 109.25  May 6i. I 2.1500 4.9560 2.4421 14.06 46.s 2.5210 1701 17.50 1.70 65 stocks. 311.79 31703 313.75 -t.5� British Pound German Mark 2-j49s French franc 4.9490 dutch Guilder 2.44is belgi4nlranc 35.91italian lira llt.55 Swiss franc 2-512 greek drachma 37.21 turkish lira _ 17.50 Spanion peseta m.7dthese Are commercial banking rates and in most cases Are not available to the Public at the exact rate indicated. The Sale of Marks to us. Personnel for personal use will be at the rate of 2.33 on monday which is based on a Price fixing at midday and allows for a Standar handling charge