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Publication: European Stars and Stripes Saturday, September 9, 1978

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   European Stars And Stripes (Newspaper) - September 9, 1978, Darmstadt, Hesse                                Wholesale prices take slight drop Washington a an across the Board easing of Price pressures occurred in the Economy in August As wholesale prices declined 0.1 percent the first drop in this key measure of inflation in two years the government reported Friday. It was the most encouraging develop ment yet in the government s fight to control inflation. Prices of consumer foods fell 1.5 percent the biggest decline in two years. Wholesale prices had increased 0.5 per cent in july and were up 7.7 percent for the 12-month period ending in August. The a gust decline was the first since August of 1976, when prices fell 0.2 percent. If continued for a year the August de Cline of 0.1 percent would result in a 12 month drop in wholesale prices of 1.2 per cent. However not even the most optimistic economists expect that to happen. The decline in consumer food prices was the major Factor in the break in the upward Price spiral in August but there also was a slowdown in Price increases for goods other than foods which Rose Only 0.4 percent just half of the july increase. The labor department said its producer Price Index for finished goods As the wholesale Price report is now called stood in August at 195.3 of the 1967 average of 100, meaning that goods priced at $100 then had increased to $195.30 last month. Government economists were pleasantly surprised by the decline which was not expected. It seemed Likely it would result in a strengthening of the . Dollar on world Money markets and take some of the pressure off president Carter to resort to Tough new measures to Battle inflation. However inflation for the year has been much worse than originally forecast now rising near 10 percent at an annual rate at the consumer level and the administration is at work on new wage and Price guide lines for business and labor in an Effort to help bring it under control. The Price trends at the wholesale level Are expected to eventually show up at the consumer level so the August drop in wholesale prices was Welcome news to Consumers As Well. The labor department said the 1.5 per cent decline in finished consumer food prices the first since August of 1976 when they fell 1.8 percent was led by sharply lower prices for processed poultry fresh and dried fruits and vegetables and eggs All of which had increased a month earlier. The Price of Coffee beef and veal also declined. Saturday september 9, 1978 the stars and stripes Page 27 the five Lucky winners in a Uso raffle for duty free automobiles line up in front of their new wheels at the army transportation motor Pool  in Frankfurt. The winners and their prizes Bill requires court orders keys to winning smiles Are from left to right Lewis Schwartz Mercedes Benz 240 diesel pfc. Michael Holton vow scirocco spec. 5 Rafael p. Debski opel Kadet Aero Norma Jean Adkins Dodge Omni and 1st it. Michael Smith for escort. The raffle netted $145,000 in ticket Money and donations which will provide Uso activities for lower enlisted personnel. Is red Grandy House oks stiffer surveillance Law Washington up the House thursday passed legislation to set up Safe guards aimed at ending abuses in the surveillance of suspected foreign and Ameri can spies within the United states retaining some of president Carter s key suggestions. By a vote of 246-128, the House passed the Bill and sent it on to a conference com Mittee where its differences with a version the Senate passed 95-1 in april must be reconciled before it can become Law. Earlier thursday the House reversed itself and voted to require court orders for All surveillance on suspected foreign spies and espionage agents in this country regardless of whether they Are foreigners or . Citizens. The 200-176 vote against a previously passed amendment restored a key provi Sion of Carter s proposed counter spy guidelines that supporters of the Fri and Cia had sought to kill. The House passed by a two vote margin wednesday night an amendment by rep. Robert Mcclory r-i11., to require War rants for surveillance directed at . Citi Zens but not for surveillance of foreign agents. Thursday rep. Edward p. 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It would be open season on All foreign visitors Boland said. That s what we Are trying to get rid of get rid of  there was no Effort to reconsider an amendment adopted by a big margin ear Lier eliminating a provision that would set up special courts to Issue the surveillance warrants in secret. Presumably the warrants will be issued by regular Federal judges instead of by hand picked judges assigned to a special court in Washington. After restoring the provision for War rants the House handed Mcclory a second defeat voting Down 207-167 his motion to Send the whole Bill Back to committee for reconsideration. After the House voted to gut some of Carter s key provision wednesday the tide began to turn on thursday. In one key vote the House rejected 128 249, an Effort by Mcclory to substitute cur rent administrative surveillance guidelines 1 5 most Active new York up the 15 most Active stocks in new York Stock Exchange composite trading at 4 . Friday sales last chg. Pan Amair 1,428,400 103, -v6 ramada inns 452,500 Amax 374,700 of Capet 358,000 Firestone 348,900 Geneles 347,700 Pac Gasele 341,800 Texaco inc 332,300 Merril Lynch 318,300 Mcdermot Tco 302,900 Dow chem 299,600 Marriott up 294,100 Citicorp 269,200 Polaroid 260,000 Gulf Oil 248,300 251/, i 1 11 50 a 20 1354v 824v 24%24v 2b a 30 15 /a27 a 59%25 1 2 i amex 10 most Active new York up the 10 most Active stocks in american Stock Exchange composite trading at 4 . Friday sales last chg. Instr mss 1,018,900 17/a Houston Oil 228,500 25v  
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