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Publication: European Stars and Stripes Friday, June 17, 1977

You are currently viewing page 31 of: European Stars and Stripes Friday, June 17, 1977

   European Stars and Stripes (Newspaper) - June 17, 1977, Darmstadt, Hesse                                Friday june 17, 1977 the stars and stripes Page 31 Gaa May boost Auto prices up to 6% Detroit a prices on general motors 1978-Model can this tall May be boosted by up to 6 per cent the automaker has indicated meaning a maximum aver age hike of Between $370 and $400 Over 1877model prices. Pm the largest . Automaker and de troit s traditional pricing Leader provided the Industry s first Broad hint of Likely new car Price increases wednesday. The company said it notified dealers of maximum 6 per cent boost for cars and trucks in Price Protection letters mailed out last week. The letters do not represent official prices for 1978 models. Final increases Are announced in late summer when the new vehicles go into production. But in the past the letters have provided a close approximation of actual increases. Price Protection lets dealers take order from Fleet buyers before final pricing by setting a maximum increase and promis ing the company will absorb anything above that rise6 per cent in this  year pm announced 6 per cent Price Protection then raised car Price that amount or $338 for the average fully equipped car including options but less taxes and shipping charges. The increase included $269 in the base Price and $69 for options. Pm did not translate a 6 per cent in crease on 1978 models into a Dollar figure. However Industry sources said the boost would be something More than $300 for the base vehicle and $70 for options but Les than $400 Overall. It has been estimated that Gas typically equipped 1977 car with options carried an average suggested retail Price of around $6,200, although the dealer s actual Selling Price averaged below $6,000.Ford motor co. Chrysler corp. And american motors corp. Said they had no issued Price Protection letters on new cars or Light trucks As of wednesday. However both makers Are expected to follow pm s Lead As they did last  traditionally sets the Industry Pat Tern on new ear Price increases because i controls More than half the Domestic Market. A Ford spokesman said the firm has sent dealers Price Protection letters on1978-Model heavy duty trucks for up to 7.3 per cent or $980 Over comparable 1977models.pm s maximum 6 per cent increase is Inone with forecasts by Industry analysts woo have predicted new car prices would go up by a minimum average of $300 As a result of higher prices for materials an labor. The Industry has not raised car base prices since 1977 models were introduced last fall although prices for optional equip ment have been raised several times since then. Options typically account for about 20 per cent of the total Purchase Price of anew car. Backed by Justice state health depts. Biff would ease foreign adoption Washington up the administration has endorsed proposed legislation that would let americans adopt an unlimited number of foreign bom children and permit those youngsters to become naturalized . Citizens immediately. Support for the moves came from the departments of Justice state and health. Education and welfare which said foreign adoptions had increased 450 per cent since 1968 to a total of 4,716 last year mostly from South Korea. The government officials testified before a House judiciary subcommittee that is considering about a dozen Bills that have been proposed to eliminate current restrictions which bar prospective Parent from adopting More than two children overseas and require a two year waiting period before naturalization of them. The Only exception would be to prevent separation of Brothers and Sisters. Witnesses said they were not sure Why the restrictions were imposed but that con Gress apparently feared some people would bring children into the country to sell them or to get around immigration quotas. We believe the two petition restrictions no longer necessary to prevent abuse of the Law and that it imposes unnecessary delays on legitimate cases said John Desfitt Deputy administrator of the stat department s Bureau of Security and con sular affairs. David Crosland. General counsel of the Justice department s immigration an naturalization service offered a similar View and said the proposed dropping of residency requirements for citizenship would end unnecessary distinction be tween natural and adopted children born  natural children of . Citi Zens can be naturalized As soon As they enter the country. Crosland said adopted youngsters usually must wait at least two years and such a distinction Between Chil Dren usually of tender years is both artificial and  Vance planning to visit Mideast China Russia Washington api Secretary of state Cyrus r. Vance will tour the Middle East in july visit China in August and con duct High level arms talks with soviet for eign minister Andrei a. Gromyko i september. The diplomatic moves were disclosed by Carter administration officials on wednes Day partly to dispel any notions of a Lac of Progress toward a new .-soviet weapons treaty. South Africa cops scatter marchers Johannesburg up heavily armed riot police Slung with Bandolier of Shotgun cartridges thursday used their Tiew anti riot sneeze Cannon to scatter Stone throwing student marchers while thousands of mourners attended Soweto Church meetings to remember those killed in last year s riots. Hundreds of Black and White police wearing riot gear stood by. But did not interfere when several thousand Africa youths and adults gathered for a memorial prayer service at the Catholic Regina Mundi Church in Soweto s Rockville suburb. Police general Dawid Kriel. In charge of nationwide riot control operations said the first anniversary of the outbreak of the june 16. 1976, race violence was quiet except for scattered incidents of Stone throwing and arson. In the african suburb of Mam Elodi out Side Pretoria police moved in with the sneeze Cannon and sprayed thousands of Young Blacks marching through the township s streets scattering them immediately. Police did not say where the school children were  Soweto s White City. A Baku suburb some 200 youths stoned a commit stocks closing . Stock Price through the Courtesy of Boche Halsey Stuart inc. Or bus and were dispersed by the sneeze a Clouds of tear Gas and powder mixture that clings to the skin and cloth Sand leaves a burning sensation. In the Soweto township is Miles South West of Here All schools were closed and most shops did not open in response to the Soweto student representative Council Sorc Calls for a three Day period of mourning to commemorate the 618 Blacks who died in last year s racial disturbances. Catholics to Pray for chinese Vatican City up the Roma Catholic missionary Agency fides has or dered missionary prayers next August so that new ways May be inspired for bring ing the gospel to the  said that there were More than 3 million roman catholics in pre communist China in 1947 and that although con tact has been broken it is thought that the Vance Mission to the Middle East Marks a third stage in president Carter s Campaign to have Israel and the Ara states hold peace negotiations by the end of the year. Vance is expected to make Stop sin Israel. Egypt. Syria. Jordan and saudi  did not reveal the exact Date for his departure and there was scepticism in Israel that the trip could begin before late  reason for the doubt is that Carter wants to meet beforehand with Menahem begin incoming israeli prime minister. Begin has yet to form a coalition govern ment following elections earlier this year and is not Likely to come Here before mid  Vance trip and confirmation that he would go to China in August was disclose Das evidence that Only scheduling prob lems were keeping Vance and Gromyko from meeting until  sessions with Gromyko Are anticipated. One will be in new York while the two diplomats Are attending the annual meeting of the . General Assembly which opens sept. 20. The time and Loca Tion of the other session were not disclosed. Carter said in May that Vance and Gro Myko would meet twice before mid sep tember. The remark to reporters at St. Simons Island a indicated marked Progress toward a new treaty to limit intercontinental missiles and Long Range  the delay until what the slate department called the time Frame of sep tember seemed to suggest a slow Down in the negotiations. 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M. 14 41n.4 47.7 014 11.1 to 14.4 so sri 114ii  41 11.1no 40,1n.i there might be 2.5 million today. 1 5 most Active new Vork up the is most Active stocks m new Vork Slock Exchange composite trading at 4 . Thurs Day sales last eng. Coca Ceuch 1.074.100 111 v. British Pel us of Isu u Franklin int Mync Alfox mid souls Phillips Pel Texaco inc . Put shut. A Isanc .44s.ho 10 1  a. I 111.700 Mae e 101.500 Lou. 170.000 a  14  � � � act Volicas 117.700 .  i a -1 a Mantic lot.700 iffy � Vallec per v. Let. Too i4 � Utate Annm  40% t Dow Jones averages hew Vork Capi Dow Jones closing averages to Surv High Low Clos change x industrials. Tl4.ll  wo.4s to transport. Lutu u4.s1 1h.4i �04j"utsiist i in 111.54 .0.-1 unlocks 111.0 10mi ltl-49  conversion rates Brussels up thursday s closing rates of the . Dollar to european currencies. Figures Are expressed in dollars to the British Pound other local currencies to dollars jump m n in or. _ us 1T, Al in Belv Fanti Anc italian no _ _ s.10 jos.01 owls Loranc " Lewi be a greek drachma 1704 1707 Turkl Alturo -. " " so 17. So Spanish Peter .4mo 40.10 these Are commercial banking rates and in Roost cases Are not available to the Public at the exact rate indicated. The Sale of Marks to . Personnel for personal use will be at the rate of 2.34 on Friday and monday which is based on a Price fixing at midday and allows for a Standard handling charge  
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