European Stars and Stripes (Newspaper) - September 30, 1977, Darmstadt, Hesse                                Friday september 30, 1977 the stars and stripes Page 27 economic Index advances sharply Washington a a government Index of future economic trends showed a Sharp upturn in August after giving signals Early in the summer of sluggish economic performance the Commerce department said thursday. The Index of leading indicators Rose eight tenths of 1 per cent after a two tenths of 1 per cent increase in july and declines of two tenths of 1 per cent in both june and  it takes several months to develop a trend the new report helps ease concern that the Economy might be in a worse decline than the Carter administration had predicted. Most encouraging to economists was a three tenths of i per cent Rise in contracts and orders for plants and equipment. That Means industries Are building More Facto country fair at Cavern has new wrinkle we Brucken Germany Kreuz Berg Cavern s annual country fair Here has a new wrinkle this year a run a Thon. It s the brainchild of sgt. . Denis Lambert and is a Cross Between a 24-hour relay race and walk a thongs staged to raise funds. The Marathon will begin at noon Friday and end at noon saturday. The country fair is from9 30 . To 4 . Saturday. I be been into the run for your life program for quite some time now Lam Bert said so i tried to figure out some Way we runners could help raise Money during Kreuzberg s country fair. Then it just sort of hit me Why not apply the walk a Thon idea to the 24-hour relay concept he expects to net More than $1,000 for the Community s annual fund Raiser which helps keep scout groups schools and Many recreational activities in funds. Contributors to the run a Thon will pledge so Many cents for each mile the 10 person relay team completes. Lambert believes his team will log about 200 Miles. So if a person pledges two cents a mile he would donate $4 after the race Lambert said. Russ arrest six jews Moscow a police have arrested six Moscow jews who tried to travel to Kiev to participate in a memorial ceremony for jews killed in the Babi Yar Mas Sacre in world War ii jewish activist Vladimir Slepak said. Ries and will be Able to turn out More products possibly leading to More jobs. Treasury Secretary w. Michael Blumen Thal said the indicators while not conclusive after one month indicate the Economy will be moving Forward next year toward the administration s goal of growth rate of 5 per cent. If the Economy appears to be falling Short of that target he said there would still be time to Start government programs Security problems to give it a boost. Economists consider a growth rate of 4 per cent necessary to keep unemployment from getting worse. Blumenthal also said the . Probably will have another huge Trade deficit again next year following the estimated $25 Bil lion to $30 Billon deficit in 1977. Economists have figured that any improvement in the Economy will have to come from spending by businesses on new equipment and capital because consumer bodies of Elvis Mother to be moved to estate Memphis Tenn. Up the family of Elvis Presley burdened by Security problems since his death won permission wednesday to move the bodies of the enter Tainer and his Mother to a Garden burial site at Graceland the family s 13-acre estate. The Memphis Board of adjustment unanimously approved a zoning variance which will allow grave Sites for Presley his Mother Gladys and four other persons. Elvis Presley died on August 16, and nearly two weeks after his death there was an attempt to steal his body attorney d. Beecher Smith said wednesday adding that the attempt caused a great Deal of concern to Vernon Presley the Singer s 62-year-old father. The family is currently providing Day staff College classes set in three countries Frankfurt classes in the com Mand and general staff College program Are scheduled to Start soon in 21 locations in Germany Belgium and Italy according to it. Col. Murray j. Schooner Frankfurt area adviser. The program is designed to give career officers a Chance to increase their knowl Edge in a wide Range of military subjects in order to expand their chances for promo Tion and to carry More responsibilities Schooner said. This year s program will Start in octo Ber with More than 30 classes offered. It will consist of 24 four hour periods of instruction and a concentrated two weeks of toy during the summer in Munich. Allied officers May also enrol in the classes according to Schooner. Stocks closing . Stock Price through the Courtesy of ache Halsey Stuart inc. Address graph Allied chem Allisch Alana Mwau j Arda Hess am air Flor am airlines am brands Abc am can co Amcy amid am Al per am Home am motors att Ampex Ashland Oil at Rich Avon Back a Bell How Bendix Beth steel Boeing Borden Brunswick Burroughs celanese Chase Mann Ches Ohio Chrysler Clark equip sep28 13.5 42.5 26.5 41.7 30.5 16.4 9.1 43.6 40.1 38.6 26.5 24.2 27.5 4 62.5 10 29.5 51.5 46.5 56 18.2 36.3 18.7 26 32.4 11.7 68.s 42 30.1 33.? 15.7 35.4 sep29 13.5 43.4 26.6 42.7 31.1 16.3 9.3 43.5 40 5 38.6 26.7 24.3 11 1/ 4 a.1 1oo. 1 9.7 29.7 52.2 47 56.2 18.3 36.5 18.7 25 32.4 12 69.6 41.7 10 3&t a 33.7 16.1 346 Culet pea coca cola cold Palm lbs Conw de con Edison con can cont data Deere co Disney Dow chem Dupont Eastern air Elk Exxon fair Cam Firestone first Nat Fluor Ford Gen Dyn Gen elec Gen foods Gen instr Gen motors Gen pub u Gen tire Gillette Goodrich Goodyear Grace Grinman sep28 9.3 39.7 23.4 52.1 30.3 22.7 33.7 19.5 26 39.5 30.4 107.6 5.7 61.1 48.1 23 16.3 24.2 39 45.1 53.3 50.6 33 18.6 69.7 20.6 22.6 26.3 19.7 185 26 7 17.7 sep29 9.4 39.6 24.1 52.2 30.3 22.7 34.7 20.1 26.1 39.5 30.6 108.4s. 61.4 48.1 23.7 16.2 24.2 39.1 45.6 54 50.5 33 19 70.3 20.7 22.5 26.3 20 18.6 27.2 17.6 Gulf Oil Gulf & Western Hilton Honeywell ism int chem n int Nickel int paper itt Ite corp Johnm Nulle Kaiser Alu Kennicott Kraft Libby Owen Ling Temco Litton Lockheed Macy Marathon Martin mar May depart Mcdonnell o Mem Mem Mobil Oil Monsanto Nat Gypsum Natoma nor corp Ohio Edison Olin corp sep28 27.7 11.2 18.1 45.4 259.2 4 19.6 43.3 30.5 13.2 32.6 29.6 22.7 48 28.4 7 12.2 14.7 37.4 49.3 23.5 25.7 21.2 22.3 50 62.5 59.1 15.3 33.4 46.4 19.2 17.2 sep29 28.1 11.3 18.1 46 260 4.1 19.6 43.5 31.1 13.1 32.4 30.1 23 48.3 28.3 6.7 122 15.3 38 49.7 23.7 26 20.7 21.6 50.3 61.4 59.5 15.2 34 46.7 19.3 18.2 Owens Iii pan am air Pepsico Pfizer Phil Morris Polaroid proc 8. Gam Raythelon Ria re pub steel Revlon Royal dutch St Regis p Sears Shell Oil Sperry Rand Swift co Tel Edyne Texas inst Texas util Twa travellers Union carb Union Oil Union Pac uniroyal unit Airl us steel Westing hse Woolworth Xerox Zenith sep28 22.4 4.7 24.5 26.2 62.1 30.1 84 29.7 27.4 22 43.2 56 31.6 29.5 30 33.4 30 50.2 82.2 22.1 8.5 30.6 43.3 51.4 48.4 8.6 19.2 27.5 17.3 18.6 53.2 13.5 sep29 22.7 5.1 25 26.1 63.2 30.6 84.4 30.1 27.6 22.1 43.4 56.2 32.3 30 30 33.6 30 52.1 83 22.1 8.7 31.4 43.4 51.5 48.4 8.5 19.7 28 17.3 18.7 53.2 13 and night Security guards at a Cost of $200 a Day at the Marble mausoleum where Presley and his Mother who died aug. 14. 1958, Are entombed. Others unable to visit Smith said Vernon Presley who was appointed executor of the Singer s estate was also concerned that relatives of several Hundred others who Are entombed in the mausoleum have been unable to visit the crypts. In requesting the zoning change. Smith spoke of the lasting effect of Presley s legend and the appropriateness of Grace land As his burial site. He belongs to Memphis and is part of our heritage Smith said. I believe it is a fitting site because the destiny of Grace land is inevitably linked to the legend of Elvis  passing pictures of the future burial site around to Board members. Smith de scribed the Garden As a very Serene place with four stained Glass windows depicting biblical  it is a befitting site for the final resting place of Elvis Presley he said. Smith said around the clock Security guards and electronic surveillance would be provided by the family to insure privacy at the site. Smith would not comment on whether the bodies would be moved in secrecy or who would handle the arrangements. Gen. Brown arrives for 6-Day Spain visit Madrid up Gen. George s. Brown chairman of the joint chiefs of staff arrived thursday for a six Day visit at the invitation of his Spanish counter part Gen. Felipe Galarza. During his visit. Brown will attend the biannual meeting of the joint military committee of the .-Spanish treaty of Friendship and cooperation inspect Mili tary installations and hold talks with top ranking Spanish officials. The treaty Grants the United states these of four military bases on Spanish soil. It has recently come under fire from the socialist and communist parties. Russ launch space station Moscow a the soviet govern ment has launched a new space station salyut 6, Tass announced. Salyut 6 apparently was sent up unmanned but in preparation for a new series of manned space flights. There was speculation that a Crew would be rocketed to it soon. Tass described salyut g As an Orbital scientific  Dow Jones averages new York up Dow Jones closing Range of aver Ages thursday High Low close change 30 industrials 343.56 832.55 84009 20transport 216.30 212.60 215.13 i utilities 112.79 111.67 112.37 65stocks 289.99 286.06 28872 5.37 1.75 0.24 1 73 spending May have reached its Peak. Also contributing to the increase this month was a Rise of three tenths of a per cent in building permits and boosts in the Money Supply prices of raw materials and liquid assets. Among figures declining were Vendor performance and Stock prices. The August increase was the largest since an increase of 1.9 per cent in March. In the past five years the biggest Rise was a 3.1 per cent jump in june 1975. The Index now stands at 131.3, which Means business activity is 31.3 per cent stronger than it was in the 1967 base period in May june and july the Index declined an identical two tenths of 1 per cent according to the Commerce department. That was the longest decline since an 11 month decrease in the recession of 1974-75. Government economists said last month there is nothing magic about a three month decline particularly when the de creases Are so Small. The government has been expecting eco nomic growth to slow Down from the rapid 7 per cent annual rate of the first half of the year to about 5 per cent in the second half. Blumenthal told a recent Senate hearing that clearly there has been a slowdown but he said the administration still expects Good growth in the next few months. We Are not concerned that this is really a recession he said. Thursday s report comes amid mixed economic signals Over the last month. Industrial production which often leads to new jobs declined by one half of 1 per cent in july the first drop since january. Unemployment Rose from 6.9 per cent to 7.1 percent. However increases were recorded in housing starts durable goods purchases and retail sales. Economists have pointed out that the recent declines in the economic Index were confined to selected areas and were not widespread. The joint economic committee of con Gress reported monday however that the economic Outlook is unfavourable for next year and that the expansion of the Gross National product is unlikely to exceed the 4 per cent rate needed to keep unemployment from worsening. Two 3rd army div gis die in vehicle accidents Frankfurt two third army div soldiers were killed in separate vehicle accidents this week a division spokesman said thursday. Pvt. Michael p. Fontaine he and he co 23rd engr in died sunday night of injuries sustained in a traffic Accident Friday night near Hessen Homberg Cavern in Hanau. Spec. 4 David Wood combat support co. 1st in 33rd army was fatally injured when an armoured personnel Carrier in which he was Riding overturned wednes Day morning at the Wil Flecken training area pinning him beneath the vehicle. In was pronounced dead at the scene. 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 sept. 28 British Pound 1./44s German Mark 2.32b7i French franc 4 93 dutch Guilder 2.4765 belgian franc 35.875 i Tali an lira 884.70 Swiss franc 2.3505 greek drachma 36.69 turkish lira 19.44 Spanish peseta 84.60 these Are commercial banking rates and in most 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 2.30 on Friday which is based on a Price fixing at midday and allows for a Standard handling charge. Sept 29 1.745 2.3210 4 9120 2.4685 35.81 883.15 2.3415 36.69 19.44 84.60