European Stars And Stripes (Newspaper) - August 3, 1977, Darmstadt, Hesse                                Is the stars and stripes August 1977 4day in Dollar dips London a the Dollar ended a fou Day winning Streak tuesday and sometimes against almost All major european the Price of Gold Rose by More than an ounce on major Bullion the which rebounded last wednesday from a two week marked Only Success of the Day in remaining unchanged against the British some european dealers said thai tues Days weakness might indicate Hal the Dollar has resumed its six month Down Ward although in a More controlled manner than during the hectic and some times confused past two 1c it would Bear out predictions made last week by most dealers that the dollars Rise would be v conditions Raen urged the conditions which Nave been responsible from the Start for the dollars weak in particular record High foreign Trade deficits and a generally disappoint ing economic have re one London dealer adding further to the dollars the dealer was the end of profit taking and the discounting of prospects for higher interest both of these were major factors behind the dollars Short lived the Dollar dropped to West German Marks in Frankfurt mondays closing rate had been Page in Zurich the Dollar closed at Swiss Down from fridays close of monday was a Holiday in French dealers reported that the Central Banks of both West Germany and Switzer land had entered the Market around midday to slow the decline of the cur dips in France the Dollar Sank to French francs in Paris Down from mondays rate of in the Pound was steady at the Bank of reversing previous bought West German Marks Early in the session instead of Britain changed its policy last wednesday of tying the Pound to the the buying of the West German Curnyn by tuesday was seen by some dealers As another indication of Britain new policy of pegging the Pound to a Basket of Curren cies rather than just on the but other sources said it was a banking trans action probably involving payments for British troops stationed in this Price a Gold Rose to an ounce tuesday in the Price monday had been an in an ounce a Gold closed at this is up from fridays Price of an letter says terrorists responsible con Paris map a bottle j from the Baader Monhof gang and endorsed by Carlos surfaced As possible Tuo tuesday in the hijacking of the 17 ton Piggy Bank Container of coins Worth detectives said a search of the truck borne found abandoned and empty in a Paris suburb turned up a full bottle of White wine and grains of while Sand that might have come from a Quarry near the Fontal neb eau 45 Miles South of investigators presumed the bottle of wine was meant at a sarcastic thank you to far have been unable to track the hijacked the Container outside a Paris Railroad station on they Aba Saldala Hoigh the Sand bore b Sun partly to Sand at the font Alne Leau it improbable that the hijackers would have toot there and then driven Back practically to the Paris City limits to dump the received by la was signed by an Ulrych Butler who said he was the first financial Secretary of the re army it said us vulgarly called the Bander gang by claims responsibility for the u said the loot will be used to ish the funds of our group and me is Lynian and thai the itself had been read arid proved by Illich better known to you under the name of the latin american terrorist detectives said they were not too pressed As to the and Hal they leaned More toward tie of theory that the hijacking of the contain jokingly referred to As the worlds biggest Piggy was pulled off by i Carter urges easing Laws pre conference group proposed for Mideast on pot use Egypt apr the and in a Surprise agreed tuesday to try to establish a working group of Mideast foreign ministers to pre pare for a peace conference before the end of the outlining the Secretary of state Cyrus Vance said participation would be limited to the confrontation Stales in the Ara israeli conflict which excludes the Palestine liberation Vance told he and egyptian president Anwar Sadat had reached no agreement on whether the pud would be allowed a role in the talks As of this remains to be discussed with the Vance still needs approval in he setting up the working group still requires the approval of Israel Syria and Vance will Stop in these and in Lebanon and saudi during his cur rent 2day visit to the Sadat said offered the proposal in order to have a fruitful Geneva conference that could bring peace to the area after a 30yearold conflict Between the arabs and he said he has some differences with the the egyptian Leader insisted that Israel should return All the land it gained in the 1967 War and that there must be a palestinian with these differences de Spile what Vance described As most useful talks the proposed creation f the working group could serve Tomas Tain the current diplomatic momentum beyond the proposed october Ditc for a peace conference in first Oil Tanker leaves Valdez  Sage for the Miles South to Atlantic Rich tolds Cherry at a news conference prior to Alyeska officials said they would not Toler ate Oil spills in we have no acceptable spillage said Henry Alyeska vice president for there is More Oil in the Small boat Harbor than there is at our Ter he this tiny port will become a handling id million tons a Valdez will handle three or tour major ships a but in the begin it will average one a Day it look Days to move the Oil from Prudhoe Bay to along the Way four major shutdowns one of them caused by an explosion at pump station no 8 near Fairbanks which killed one Man and destroyed the the line was restarted id Days later with pump station 9 picking up the Oil was discovered an the North slope above the Arctic Circle in a year the state sold leases to the Prudhoe Bay what first was envisioned As a 900 Mil lion pipeline was but it want until after the Arab Oil embargo and congressional Hal pipeline construction the pipeline will Supply about 10 per cent of the nations Oil Al Yeskis eight owner Oil companies believe the Prudhoe Bay Field will last More than 20 we feel no self imposed Vance be the Hopes in Geneva conference can to reconvened sometime in the in the the working group would meet in mid september either in Washington or id connection with the general Assembly meeting anew the Plo has observer it could be kept abreast of developments by Israel refuses to negotiate with Yasser Arafat considering it a terrorist group out to destroy the Trie jewish under the rules of the Geneva con which held a Brief today session in december Israel has veto Power Over seating the new re vote continued from Page u the Compromise defense president Carter decided not to build the by to replace the bs2 strategic but seeks instead to develop cruise missiles to make the b52 More no one knew immediately How much Money the final Compromise Bill would appropriate for defense for the fiscal year starting the House originally approved a i billion including the billion for live do the Senate originally approved a billion Bill after cutting out the by the Compromise Bill also limits the Money the Central intelligence Agency can spend for secret operations such As Light ing it financed in Laos and Angola without Congress the Bill also supports president Carters decision not to build a fifth nuclear aircraft Senate had included million in its Bill for the Carrier in Case Congress derided the build the ship pulitzer prizewinner Dies a Emory a pulitzer prize Winner in died at Lukes Hospital in nearby Fountain he was Holloway won the pulitzer for his Whit an interpretation Europe Cal ref  Oit Naf of Cut t it n it n p a n to f 4b1y1 4 Tat 41 u a Al 11 to n n is u coff f Page j study of he called for a special audit of drug companies to determine whether they an complying with Barbiturate regulations j and directed hew to determine whether  drugs particularly Salt Jet to abuse should remain on the Market t in cooperation with state Carter the attorney general should intensify efforts to prosecute physicians who1 knowingly Over proscribe including whose three sons have tried said the drug continues to be an emotional and controversial v after four efforts to age its use with stringent Laws have Stilt not been the president More than 45 million americans tried marijuana and an estimated it lion Are regular we can and continue to discourage the use of but this can be done without defining the smoker As a decriminalization is not ice Alltia it Means Only that the Federal penalty for Possession would be reduced and a person would receive a Fine rather than a criminal Federal trafficking would remain in Force and the utes would remain tree to adopt whatever Laws icy wish concerning the Marl Jua the present Federal Penally for sing any marijuana is a Fine of and a prison sentence of up to one the prison sentence is the presidents said in an interview last Yearl hat their three suns had told her that they had tried marijuana Carter said at the time that they haunt but called it stage 4hal most agers go Ive never tried u Carter and i dont intend Carter said during his Campaign for the presidency thai he favored a modified form of marijuana  with civil penalties for Possession of Small big Japan quake might fell 1 in 4 Survey Tokyo a in where a liar earthquakes Lake place almost Quarter of the Highway Bridges and Are vulnerable to a quake of magnitude1 on the Hechter the construction mint it said a ministry Survey showed that to of the nations Bridges tunnels would be badly if not in a quake of magnitude equivalent to the last quake disaster 1p