European Stars and Stripes (Newspaper) - August 15, 1978, Darmstadt, Hesse Page 28 the stars and stripes tuesday August 15, 1978 friendless Greenback sinks lower London a the . Dollar found itself friendless on european Exchange markets monday and Sank to its worst lev Els Ever against the Swiss franc West Ger Man Mark and dutch Guilder. This is getting really really serious. The numbers Are incredible said a senior trader at a . Bank in London As the Dol Lar plummeted and Central Banks mostly declined to step in and support it with buy at least 50 injured lers criticized the United states for not stepping in itself to prop up the Dollar during two weeks of heavy Dollar Selling and a Radical drop in the currency s value. Gold Bullion reflecting the Dollar s fall and investors need for Security in an unsettled period climbed to new record highs Topping $214 in London and $213 in Zurich. Disastrous Day the disastrous Day for the Dollar started in Tokyo where it fell from Friday s Clos ing of 186.775 yen to 184.825 perilously near its aug. 2 Nadir of 184.30.rln Zurich where virtually Zero inflation " i sent the Swiss franc soaring the Dollar Ted four percent in value from Fri i late 1.6460 francs to a new All Tim against West Germany s Mark Fri s record closing Low of 1.9672 Marks f Dollar gave Way to a new Low of 1.9510. I Amsterdam the Dollar dropped from 0 dutch guilders at the close of last t to 2.1190 guilders late monday. Motion Day Holiday closed Banks in t and Belgium but in Milan the Dol a dropped to a 29-month Low Down from y s late 830.40 lire to 826.60.pound advanced ,.,_ British Pound advanced in London to Jas Best Dollar level since the Spring of 1976, Tang monday at $1.9797 compared to Fri g s $1.9640. Response to the Dollar s woes Gold on which had started the year at $169.50 a Troy ounce and passed the i Mark Only july 28 shot up $2.75 in i and $2 in Zurich to end monday at 5 and $213.625 respectively. Ousby observers said exporters in a currency countries like West Ger Japan and Switzerland have not 1 As in the past that the Dollar s a gives american exports a � competitive Price edge.1 some suggested the reason might be t they Are mindful of the benefits of the f Dollar s drop in cheaper prices for commo and Oil. These Are Price Levels usual set in ius crash kills 7 britons Rabat Morocco a seven britons were killed and is other persons injured when the bus they were Riding crashed near Tarou Dant South of Marrakesh moroccan police reported. Tremor rocks Calif Are f continued from Page 1 Well be getting Oil ashore one official said. But a sheriffs spokeswoman said the platforms suffered no damage and no Oil leaks were Barbara 90 Miles up the coast from los Angeles sits in the winding path of the san Andreas fault which runs from North of san Francisco to the Southern end of the san Joaquin Valley and on to the mexican Border separating the Southwest Era part of the state from the rest of the in Santa Barbara received Calls from people who said the earthquake knocked them Down. It just scared said Joe Loebman 38, who lives on the Ocean about two Miles from the Center of town. As soon As it happened we got outside and there were a lot of very scared structural damage was minimal but Many residents had to Clear broken Glass and other debris from their Homes. Down town Santa Barbara hit hard in a 1941 quake escaped without serious damage this time. Goleta just North of Here absorbed most of the damage and Many win Dows shattered by the tremor were Cov ered with Shaker it was like being inside a paint Shaker said California Highway patrol officer Gene Hunt who was Home in Goleta when the quake hit. With no warning the House started shaking violently from Side to Side. I was lying on the living room floor Reading the sunday paper. My very first thought was a car had run into my House or that an air plane had crashed. But then it kept go ing and i knew what it major roads were blocked by quake triggered Rock slides and one Highway developed a wide crack said Terrie Tucker California Highway patrol dispatcher. One Motorist escaped after debris crushed her car on Highway 154, which connects Santa Barbara and Santa Ynez. Vibrations cracked some Concrete Over passes said Michael Brown of the califor Nia office of emergency services in Sacra mento. Water Mains snapped throughout Santa Barbara flooding Homes and Busi Nesses a sheriffs department spokeswoman said. A few Gas leaks triggered Small fires which were quickly extinguished. Train derailment minutes after the quake hit at 3 54 ., 20 cars and one locomotive of a freight train derailed near Goleta Tom Buckley Southern Pacific transportation co. Spokesman said. No injuries were reported he said and no dangerous materials were aboard the train. Fred Grover of Camarillo was playing Golf about 400 Yards from the tracks. He likened the sound of the derailment to a dozen automobiles when they Start Grover said dust churned up by the train covered both lanes of the nearby freeway while Light standards along the Road swayed in a five foot Arch. It was a Terri of California at Sta Barbara the Jolt opened cases of snakes and threw the reptiles across a classroom said sheriffs department spokeswoman Darleen Thompson. They were recovered without chemicals in another College building bottles of noxious chemicals were broken but City fire officials said the fumes dissipated without causing any damage. Santa Barbara had its first Brush with earthquake disaster in 1925, when a tremor measuring 8.3 on the Richter scale rocked the area and killed 14 people. The City was hit by another Strong i although no one died was heavy and widespread. The Richter scale is a r ground motion As record ? graphs. Every increase olt Means a tenfold increase of scientists say a Reading tilt Sid Erable damage and a i Side red a major Earth great quake capable damage. The san Francisco which occurred before the was devised has been i the Richter scale. Memphis firemen / a Jujj cops Wildcat strike continued from Page 1 melted without a struggle. Additional arrests were made at three of the City s four precinct Headquarters. About 1,100 policemen have been on strike since 11 Thursday when the Union rejected the City s final wage offer. 4 Interior aides 2adms. Rescued continued from Page i later he was not on the plane. The c-117 Piston powered aircraft lost Power in one engine and made a controlled ditch Landing about 16 Miles from Guam said it. Anthony Hilton. The Craft broke into two pieces when it plunged into the water. A b-52 fron Andersen air Force base on Guam was flying overhead and spotted survivors in the sea. Its Crew members threw red Dye into the water to Mark off the area for rescuers from the Navy and coast plane was bound for the Yap is lands about 575 Miles Southwest of Here and also carried members of the musical band of the Marianas naval command. One passenger Dave Rathbun 25, a Navy Man from Hopkins minn., told re porters at the Hospital that the plane stayed afloat about five minutes before it Sank. Guam is a . Territory about 4,000 Miles West of Honolulu. Veteran a editor Dies mount Vernon . A Robert George Frese an editor at the new York general desk of the associated press for More than 30 years was found dead in his Home Here. He was 67. Supervisory officers and i working 12-hour shifts have i police patrols during the St the wage offer Valtah wage increase betwee 1979. It would raise a v base pay from $1,144 Obj by. Chandler who had Dawn curfew last guardsmen to enforce i Ciler said Only Law t gency services personnel i on the streets during c the guardsmen 11 Lery and a military police t Rived in the Day Fridl weekend encamped at i memorial stadium. The mayor said that fused to report to work \ live with the hour they. Report beginning at 12 0 City personnel officer a her office spent the i Mina Tion notices. Several officers had to duty sunday turned Back by a prospects for. A were Dun. David Baker i police association i 1,100 officers said executive Board bad i lion to seek a re opening the deepening labor Sands of Elvis Presley Memphis for observances with the first anniversary Roll Singer s death. Officials at Presley s Sion said toe police set deterred a number of to Memphis farther guerrilla mum on pro iraqi charge Beirut. Lebanon i a former syr Ian army Captain Ahmed Nebril head of the popular front for the liberation of Palestine general command remained silent monday on charges that his organization was responsible for the bombing of the Beirut Headquarters of the pro iraqi Palestine liberation front in which at least 161 palestinians Are reported dead or missing. The charges were made by Abul Abass the a year old head of the Elf who said. They wanted to kill me and toe move ment in order to undermine reconciliation moves that were under Way. They wanted to keep the inter palestinian rift brew there was no confirmation of Abass claim from other sources. But some observers said if Gerbil s guerrillas did make the attack they might have been acting for Yasser Arafat whose Al Fatah guerrillas have been warring with pro iraqi guerrillas in London Paris and Paki Stan for the past month. Arafat As chairman of the Palestine liberation organization has been holding reconciliation talks with Abass and other pro iraqi guerrilla Leaden. The observers said he probably still wants to neutralize his rivals but cannot pursue factional bloodletting publicly and still claim leadership of the entire guerrilla movement. Abass said 98 people were known to have died in the explosion and 63 More were buried in the rubble. He said the dead included 37 of his highly trained opera Tives. Eleven Al Fatah guerrillas also were reported killed. Only eight residents were reported to have survived Raae a Rescue workers said some residents of surrounding buildings also were seriously injured. The Palestine liberation front s Bead 31?rt� occupied the top three floors of the building which was w the edger the Sabra Palestine refugee Camp. Utmos leis if Beirut. Al Fatah and a third Ger i fa5fl " a"0 ices in the being and there were 28 apartments for guerrillas and their families sports in 1portland of deleted the it Lam. The Aba team of his Hani Peru Mort Iii owner and fans the ext step a Fol i Trail blazers to effect Tatj Guc Mao Laxer Golden state Kat in Bat a beaten we on Page 21. Europ � n it n Miraum. M n m n a Kiva a to nov c
