European Stars and Stripes (Newspaper) - August 27, 1978, Darmstadt, Hesse A new Pope is elected will reign As John Paul i in Amman my a patriarch Venice chosen 4th ballot Vatican City up italian Cardinal Albino Luciani 65, was elected roman Catholic pontiff saturday in the shortest papal elec Tion this Century and chose the name John Paul i. The 111 cardinals locked up in the sistine Chapel took Only four ballots spread Over eight hours and 54 minutes after they began Vot ing to choose Luciani patriarch Venice. Though noted As a theological conservative Luciani was one Many cardinals who opposed the late Pope Paul s 1968 ban artificial contraception. Later however he went along with Paul s ban and urged roman catholics to support it. The announcement Luciani s election by Vatican radio at 7 21 . Ended 57 minutes suspense in St. Peter s Square As the smoke from the sistine Chapel Chimney billowed Black White and Gray instead the usual pure White Black that signals the re sults conclave Vatican radio and the Vatican press office were Uncertain whether the cardinals in the locked up sistine Chapel had been successful in choosing a new Leader the world s 700 million roman announcers at one Point began arguing about the smoke s color and finally decided it was the suspense mounted huge crowds gathered in the key shaped St. Peter s the Vatican radio announcement that a Pope had been Cho sen was made they broke into wild applause. They shouted Viva in papa when his chosen name John Paul i was declared by senior continued Page 24. Col. 21 Pope John Paul i Waves to crowds authorized umoffici4l pulic Tom Fob the . Meo forces vol. 37, no. 131 i o.,i,.� sunday August 27, 1978 if 21855 a currency basis in Oil dealings saudis to keep using Dollar t. Linn the world s Economy is a necessity Mercial Banks Are suggesting a 10 bill.,. Foliations the Dollar Markel. ". Inn Ion Shieh. A Deco Mark $5 billion line credit to the i Mic growth is , in a Petroleum Price increase. No Nurt Iho Twer Fonh Al lvpl.1. J Nar Markel lion the world s Economy is a fluctuations Market a inflation is High and eco Tokyo up saudi Arabia will con Urta Volem for saudi Arabia. A Sislow. Mowie to use the american Dollar As Settle a the whole world the Prince said a Newt currency in International Oil Dusi , effects Are very great according to an interview with saudi Rel. ,. Towns Prince fahd Ibn Abdul Aziz pub shed in a Tokyo newspaper saturday., he also said that saudi Arabia is against creasing Oil prices before the end the Fem ail 4l� in ui/4f4la Kilt de Thinoi worm Vici also i us Wieoa effect great. There Are Many among the poor and devel now we have taken the Atu tude were a Hurt g that a switch to is Ksn atos into consideration our country has a not solve the Dollar eat Price and said saudi Arabia is opposed to Price in 01 m s Only rim ,k17j any Large increase in the Price Oil at Shekar and that peace in the Middle East de and Coope 6 with the United Anima re dab. Ujj. I israeli withdrawal from occupied sates in every Way. Findsen e organization Petroleum . That will stabilize the Dollar Ana . The Prince one the most powerful ,.-.-Minm Ftuer through the Saud. Arabian embassy he Crown pro Mercial billion mar billion t t United states government to help stabilize fluctuating currency Exchange rates. The Frankfurter All Gemeiner also relayed a re port from Zurich that Swiss commercial Bonks probably would be ready to make similar loan. The newspaper said the Banks already have mentioned the matter informally to Washington officials but have not yet Hada reaction. The proposal is patterned the Cana Dian Model May when american com Mercial Banks gave Canada a standby credit j3 billion at prime rate Condl i continued Page 24, col. 1
