European Stars and Stripes (Newspaper) - June 30, 1977, Darmstadt, Hesse                                Page 28 the stars and stripes thursday june 30, 1977 economic Index surprises Many drops .2 per cent Washington up the Index of leading economic indicators considered a barometer of things to come dropped 2 per cent in May the Commerce depart ment said wednesday. The decline was not caused by unusual events like bad weather or strikes. There fore it surprised Many financial experts. In european Money markets the Dollar fell sharply wednesday following the drop. The Dollar was Down to 2.3380 Marks at the close in Frankfurt against 2.3540 tuesday night. Thursday s Dollar Mark conversion Rale will be 2.32 Marks to the Dollar. Con version table. Page 27.1 the Commerce department said the shrinking Money Supply it fell $1.2 Bil lion in May to $222.1 billion in 1972 dollars was the primary reason for the .2 per cent dip. Girl scout dragged into Florida Bush Sarasota la. A a 15-year-old girl scout wearing a Mickey mouse to shirt was dragged struggling from her tent in a state Park by a heavily built Man As her sister and another scout screamed in terror authorities said. The abduction Here touched off an immediate manhunt in Sarasota county. About 100 Law enforcement officers Volun Teers a mounted posse and even Florida Power & Light co. Service trucks joined the search that was set up under the Sher Iff s specialized weapons and tactics unit known As swat. The girl was identified by sheriff s deputies As Charlotte Grosse of Venice. Fla. The Man ripped open the Back of the three person tent wednesday in 4 10 acre Oscar Schurer slate Park about 6 am . Grabbed the girl by her Long Brown hair and dragged her into Sharp pointed Palmetto scrub. Sarasota county sheriff s deputies said. The Man was described As heavily built with dark hair and a deep voice. He was wearing dark clothes officers said. Earlier this month three girl scouts were sexually assaulted and then Mur dered at a Camp in Locust Grove. Okla. Authorities have charged 33-year-old prison Escapee Gene Leroy Hart in the june 13 slam is and Are still searching for him. The Florida Park is located two Miles South of the tiny town of Osprey and 12 Miles South of Sarasota on us. 41. The girl was on a camping trip with 16 other scouts under a summer program sponsored by the Sarasota girl scout Camp her father joined the search while her Mother sister and grandparents waited for word with Park rangers and detectives. The scouts were camping in an area near the northeastern Border of the Park just North of the main Pavilion Europe the Federal Reserve Board expressing concern about inflation has been reducing the Money Supply. As a result interests for Treasury borrowing businesses rates in  a in Rte Sridar line thai h Job of  cent so and Home buyers Rose to the highest level since late summer of 1976. When less Money is available in the Economy. Interest rates Rise which in creases the Cost of economic expansion. Chairman Henry Reuss of the House banking committee said tight Money and High interest Rales were the Federal Reserve s contributions to the not so very merry month of  he  poor performance of the leading indicators resulted from the fed eral Reserve s Stop and go monetary policy which has caused so much trouble or recent  Mcc the recession ended in the Spring of 1975. The indicators fell Only three times. The Index dropped 1.2 per cent in january when cold weather closed Many factories and led to 2 million temporary Job layoffs. The Index declined .2 per cent in sep tember when strikes in the Auto and far equipment industries slowed economic activity the third decline was in april 1976. When the easter and passover holidays coincided and the work week was unusually Short. The Index stood at 130.6 in May from the 1967 base of 100. This was Down .2 per cent from april and Well below the Pierc cession Peak of 1337. The Commerce department report said six of the 10 indicators available in May declined led by the Money Supply. Others were the Layoff rate sensitive  the Stock Market deliveries to Industry and liquid  four Riser indicators were the length of the average work week new orders for Plant and equipment new factory orders and building permits. Jeanne Seely Jeannie Seely Hurt seriously in car Accident Nashville Tenn. A county music Singer Jeannie scely is in serious condition with injuries suffered when her car crashed into a tree in suburban Goodlettsville tuesday Hospital officials said  spokesman for Nashville memorial Hospital. Joe Mcdonald said Seely. 35. Had undergone surgery and was in the hos Pital s intensive care  said she had suffered injuries to the ribs and the upper body and enter Tainer Jack Greene with whom scely performs in a duct said her injuries included several broken ribs a fractured jaw and a punctured  Greene said Seely has regained consciousness following her surgery and seemed to be  blonde Singer who is married to Singer songwriter Hank Cochran. Has per formed since 1969 with Greene and his band the Jolly  was travelling in Texas with entertainer Vaylon Jennings when the Acci Dent occurred and was reported returning to Nashville to the with his wife. Open nations will skip july 1 Oil Price hike of continued rom Page ii Price of their Oil by Only 5 per  was speculation the two countries would now boost the Price for their Oil by another 5 per cent to arrive at a new uni fied Price of 512.70 a  belief Here was that the two coun tries would make statements to this effect soon in their  was no indication however what Libya and Iraq would do the Way it looked Here was that they alone would raise the Price by 5 per cent  open Oil ministers scheduled their next meeting at Stockholm on july 12.the decision of the nine to forego the Price boost was apparently taken by consultations among the Oil ministers in direct bilateral. Contacts with the added decision to announce it via open Headquarters  figuring shows the Overall Oil Bill for importers will be less than it would have been if both sides in the Price dispute had stuck to their decisions made last de Cember in  saudis and the United Arab Emi rates with roughly a one third share of the total open production would have imposed a total increase Over the year of about $2 2 billion if they had stuck to their 5 per cent increase for the full  Thi a raise the Price by a total of 10 per cent for the second half of 1977. They will boost this figure to $3.3 billion. But the open majority with a two thirds share of production will be decreasing their total Price hike for the year from $10.9 billion to $8.7 billion. So the total in crease would be about $12 billion instead of $13.1 billion through the elimination of the two tier Price system. This figure does not include the possible effect of the decision of Libya and Iraq whatever it will be. Both Are in the upper Field of open producers with Libya s latest published production figures i 479 million barrels a Day and Iraq 2 261 million  top producer is saudi Arabia with 7 075 million barrels a Day. Followed by the Iran with 5 350 and Venzuela with 2 346. Author sue Kaufman Dies at 50 after Long illness new York a sue Kaufman Magazine writer and author of several novels including the diary of a mad housewife his died at the age of 50 Fol lowing a Long illness. Mad  dealing with the suf Fering of a Young woman tormented by an egomaniacal husband was made into a movie. She is survived by her husband. Or. Jeremiah a. Barondess a son. James and a brother. Kenyans kill somali invaders Nairobi a kenyan Security forces killed seven somali soldiers and wounded 35 others in a Battle with a Large Force of somali regular troops the govern ment controlled Kenya news Agency announced  Agency said the clash came after somali troops crossed into Kenya an mounted a Surprise attack on a police Post. 11 said six kenyan policemen were killed and four others were injured during the attack by 3,00o somali troops on the police Post at Rhame near the Kenya Somalia Border on  wednesday expressed the most serious concern Over the attack which undermines the Good relation existing be tween the two  a protest note Kenya told the somalis it views the attack As aggression against the territorial integrity of Kenya an warned that it is entitled to take any Mea sure to repulse such aggression and protect its Peoples and territory from any futher incursions of a similar , Security Force reinforce ments have been rushed to the arid Mandy a District of Northern Kenya bordering on Somalia where the attack reportedly occurred. Rut wednesday night the Region was reported  reasons for the reported incursion into Kenya were not immediately apparent. But the two nations have a Long stand ing Border  Kenya gained Independence from Britain in 1963. Somali bandits tacitly sup ported by the somali government fought a protracted guerrilla War with Kenya s Security forces in Northern Kenya. But a peace Accord was signed in 1%7. Although the bandits known locally As shifts. Have been intermittently Active since. Pacific. Continued from Page ii civic duty without reducing the air Power available there by Basing a second ship permanently in Ether the Philippines or  . Now has one Carrier Home ported in Japan but rotates other carriers to the Pacific from the us. Tying Dow vessels in route Back and Forth to that two of the ships will always be on duty in the Region. The co also questioned the Large bases which the . Now maintains in the Philip Pines and said that two squadrons of Jet High tors now based there might be transferred to join other air units in South Korea. Slayer of teacher wife before class gets life Detroit api the Man convicted of shooting his estranged wife to death in front of 29 children in her classroom has been sentenced to life imprisonment at hard labor with a recommendation of no parole Al Junior Lewis showed no emotion As recorder s judge Patricia Boyle denounced his crime As one of the most vicious i have encountered in my 12 years on the  his conviction on a second degree murder charge came after two Days of trial testimony including that of 10 of the first and second Grade pupils of the victim. Bettye Mccaster. At Burt Elemen Tal y school on the City s West Side. Three of the 10 pointed out Lewis in the courtroom As the Man who came into their room last nov. 10 and pumped five bullets into their teacher s head