European Stars And Stripes (Newspaper) - September 16, 1978, Darmstadt, Hesse                                Saturday september 16, 1978 the stars and stripes Page 27 Industrial output up .5% in August Washington up Industrial production increased 0.5 percent in August the Federal Reserve Board said Friday a solid indication that the Economy is stay ing on course and the administration s year end growth target May be reached. Although August s gain was slightly be Low the revised 0.7 percent increases registered in both june and july the performance was still regarded by economists to be steady. The monthly Industrial production statistics measures output of the nation s mines factories and utilities. It is consid ered to be a key economic indicator be cause when production increases new Job opportunities open up for the unemployed. The administration has projected that the Economy should grow at a 3.5 to 4 per cent rate during the final six months of 1978. The Gross National product which is the most accurate indicator of economic strength fell 0.2 percent during the first Quarter but rebounded sharply in these cond Quarter for an 8 percent increase. The Federal Reserve Board said its Industrial production Index stood at 146.6 percent of the 1967 average of 100. It was 6.2 percent higher than in August 1977. Production of business equipment continued Strong last month the Federal re serve said increasing 1.1 percent to a level 9.4 percent above a year earlier. The out put of intermediate products particularly construction supplies also continued to , the output of consumer goods both durables and non durables was virtually unchanged. Automobile assemblies were at a seasonally adjusted annual rate of 9.4 million units the same As in july. The output of materials increased 0.3 percent with Large gains recorded in the equipment parts and Basic metals sectors. However the production of non durable goods materials remained at the same level As in july and was still 0.7 percent be Low the june level partly As a result of the paper strike the Federal Reserve said. A separate report from the Commerce department showed that business inventor Uso offers half Price tickets for Victor Borge concert Frankfurt is the Best tickets normally priced at 45 and 35 Marks for comedian pianist Victor Borge s Frankfurt performance Are now on Sale at half Price at the Frankfurt  danish american entertainer called the funniest Man in the world by the late Groucho Marx will present the lat est version of his comedy in music show in English wednesday night at the Jahr Hunde Thalle. Ries Rose 0.5 percent in july a slower Pace following an upward revised 0.8 percent than in the previous two months As Busi gain in june and a 1.1 percent increase Innes Smen trimmed stocks to reflect slug May. Gish sales. Sales meanwhile declined by 0.9 per the department said total inventories cent in july to $250.3 billion the depart were $358.5 billion in july or 0.5 percent ment said. Sales had risen by 0.3 percent in  the disastrous inventory accumulation that preceded the 1974-75 recession business at All Levels has been cautious about increasing stocks on shelves faster than sales. Grand jury charges automaker Ford denies blame in Pinto deaths Detroit up Ford motor co. Has denied charges levelled by an Indiana grand jury that the firm committed Reck less homicide and was criminally reckless in the design of a Ford Pinto in which three teen age girls were  spokesman for the no. 2 automaker said the firm will take appropriate action in response to a four count indict Karpov forced to a draw again in chess match Baguio City Philippines up world chess Champion Anatoly Karpov was forced to a draw from a winning Posi Tion Friday night by challenger Viktor  two agreed two hours after they resumed the 22nd title game to draw the match on the 64th  had Karpov in Check after the 64th move when the draw was called but experts agreed there was no Way the Chal Lenger could win. It was the third time in five games Kar Pov had held what analysts considered a winning position Only to be forced to a  decision to draw came by Mutual agreement. After Korchnoy moved Kar Pov simply Drew Over his score Sheet and signed it signifying he had Given up trying to win. As he stood up Korchnoy signed his own card and followed  the game resumed at the 47th move experts were about evenly split in speculating whether Korchnoy could draw. Dissident sent to labor Camp Moscow up imprisoned soviet dissident Yuri Orlov has been moved from Kaluga prison South of Moscow to a strict regime labor Camp in the ural province of Perm according to his son Dmitri. Stocks stocks Courtesy of Dean Witter Reynolds Frankfurt Dusseldorf seot14 senm5 address graph Allied chem Allisch Alcoa Arda Hess am air Flor am airlines am brands Abc am can co am Cyan am Al per am Home am motors att Ampex Ashland Oil at Rich Avon Bel i & How Bendix Beth steel Boeing Borden Brunswick Burroughs celanese Chase Manh Ches & Ohio Chrysler Clark equip Cluett pea 29.4 36.7 37.6 45.7 30.2 33.5 17.1 51.6 59.4 41.3 30.4 23.3 30.7 6.7 61 18 44.7 53.2 58.4 21.5 41.4 24.7 68 30.1 17.2 82.7 44 34.3 48.3 12.1 39 13.1 29 36.3 37.4 45.5 29.6 33.5 16.7 51.2 58.6 40.6 30.2 23.3 30.6 6.4 60.5 17.5 44.6 52.6 57.3 20.6 40.7 24.5 68.4 29.7 16.7 82.4 43.2 24.2 50.6 12 38.6 12.7 coca cola cold Palm lbs Conw de con Edison cont data Deere co dig equip 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 Grumman Gulf Oil sept14 45.5 20.6 61.2 27 23.3 42 36.5 51.3 44 29.1 126.7 13.4 62.6 50.5 37.4 13.2 31 41.7 45.4 88.1 53.5 33.4 38.7 64.6 18.4 30.1 31.7 19.7 17.2 30 21.4 25.6 sept15 43.6 20.5 60.1 26.7 23.5 41 36.5 50.4 44 28.7 125 13 63.2 50.3 37.3 13.5 30.5 40.6 45.2 67.2 53.1 33.4 37.7 63.7 18.5 30.1 32.1 19.7 17.2 29.4 21 25.4 Gulf & West Hilton Honeywell Houston Oil ism int paper itt Ite corp Johns in Vale Kaiser Alu Kennicott Kraft co Libby Owen Litton Lockheed Macy Marathon Martin mar May depart Mcdonald s Mcdonnell d Mem Mem Mobil Oil Monsanto Natse Micon Nat Gypsum Nwe Stairl Natoma nor corp Ohio Edison Olin corp sept14 sept15 14.6 60.7 69 24.6 293.3 46.6 33.1 25.2 32.1 36.2 23.4 48.7 27.3 24.6 30.7 42. 52.2 34.2 26.2 53.3 34.2 50.1 62.3 69 58.5 28.5 20 34.4 49 64.2 17.7 15.7 14.5 59.4 68.2 24 289.4 46.3 32.5 24.3 31.6 35.6 25.4 48.4 27.3 23.7 30.1 41.6 52.1 33.6 25.7 51.6 33.4 48.6 61 68 58.7 28 20.1 33 49.2 64 17.7 15.6 Owens Iii pan Amair Pepsico Pfizer Phil Morris Polaroid proc Gam Raythelon Ria re pub steel Revlon Royal dutch St Regis p Sears Shell Oil Sperry Rand san feint Tel Edyne Texas inst Texas util Twa travellers Union carb Union Oil Union Pac uniroyal unit Airl us steel Westing hse Wool Worth Xerox Zenith sept14 septis 22.5 9.2 31.2 36.1 74 55.4 90.6 51 30.4 26.5 55 63.1 33.1 23.4 35.4 47 38.4 109.4 88.3 20.6 27 39.3 40.7 54.1 53.2 7.5 40.7 27.3 22.3 22 56.2 16.6 22.5 9.1 30.2 35.3 71.4 54.4 89.5 50.2 30 25.7 54 63.4 32.4 23.2 35.1 46.5 37.5 106 87.5 20.5 26.5 37.6 40.5 54.2 53.4 7.4 40.4 27.2 22.2 21.5 56.7 16.6 ment handed Down wednesday by Elkhart county grand jury. We believe this unprecedented action was unwarranted and that the company has not violated any of the Laws of Indi Ana said Henry r. Nolle jr., Ford vice president and general counsel. After we have studied the indictment we will take appropriate  the indictment charges Ford with three counts of reckless homicide a felony and one count of criminal recklessness a mis Demeanour. Each count carries a maximum $10,000 Fine upon conviction. No Ford officers were named in the indictment. The company was Given 10 Days to respond to the charges before an arraignment Date is set. It was the first criminal action against the automaker As a result of alleged fuel system design problems in 1971-1976 pintos and Mercury bobcats. Ford has been hit with dozens of civil lawsuits resulting from accidents in which Pinto or Bobcat fuel tanks exploded or ignited. Federal safety experts have charged the fuel tank and filler pipe designs on the cars make the them More susceptible to explosions in rear end collisions. National Highway traffic safety administration figures show at least 59 people have been killed in fiery crashes involving pintos. Consumer advocate Ralph Nader appearing in Middletown conn., called the indictment a  that one local prosecutor has Bro Ken ground in this others might take a closer look at the need to apply criminal Laws to Gross recklessness on the part of corporation executives Nader said. The indictment resulted from a grand jury investigation into an aug. 10 crash near Elkhart in which a Pinto carrying three Young women burst into flames when it was struck in the rear by a Van. Killed in the fire were Judy Ulrich 18, Osceola ind., her sister Lynn 16, and 15 most Active new York up the 15 most Active stocks in new York Stock Exchange composite trading at 4 . Friday sales last chg. Ramada Lens 2,131,200 15 a i Holiday inns 654,600 29 i 3"a Howard Jhn 641,300 15% web Del 554,300 35 National Airl 420,400 a i White motor 419,000 14 pan Amair 376,900 9 Texaco inc 316,400 24vj Caesars old 268,900 62vi Bally mfg 265,200 62% Cole colds 264,700 7 Pepsico 259,000 30v4 1 Champ into 234,700 24 a Allegra Irons 230,900 14 a Eastern air 208,900 13w� amex 10 most Active new York up the 10 most Active stocks in american Stock Exchange composite trading at 4 . Friday sales last chg. Allele artists 1,026,000 7v4 i a resorts int Lawi 476,100 60% -3% resorts Tia 243,100 180 10 instr syst 220,600 1% a Norte Klinc 169,800 21% % Hycell corp 109,900 6 a % colonic i 104,900 19% 2% Tesy corp 89,800 2 h rolex corp 85,100 11 % Golden Nugg 82,300 30% -3 a % 2% be % itt 2 i i Dow Jones averages new York up Dow Jones closing averages Friday High Low close change so industrials 886.17 874.05 878.55 -8.49 20transport 253.26 249.22 250.73 -278 15 utilities 106.97 105.85 106.43 -0.27 65stocks 307.87 303.63 305.29 -2.70 02900307.28 307.99 4.04 their Cousin Donna Ulrich Roanoke 111. The grand jury refused to bring charges against the Driver of the Van. Instead the panel directed blame at Ford saying the automaker s failure to make fuel system improvements and repairs was a contrib uting Factor in the deaths. The indictment charged Ford displayed reckless disregard for the safety of other persons within said  in june Ford announced a recall of 1.5 million pintos and Mercury bobcats be cause of government pressure and concern about Gas tank explosions in rear end Colli Sions. Naesse Schmitt Dies German Pioneer Munich a German aircraft Pio Neer Willy Messerschmidt Developer of the world s first production Model Jet fighter died Friday morning at the age of 80, com Pany officials  of the Messerschmidt Boelkow Blohm works said Messerschmidt architect of some of the most famous German aircraft died after a major surgical opera  of a Frankfurt wine dealer Messerschmidt became a glider Pilot by the age of 15 and founded his own aircraft com Pany after completing University studies. He became chief Engineer of a bavarian aircraft factory and gained renown for his Early sports planes. He became More famous As the designer of the propeller driven me-109 fighter of which 30,000 were built during world War  s two engined Jef fighter. The me-262, was first produced in 1941. Wartime problems and strategy disputes kept the fighter from being widely produced though it was still being assembled near the end of the War in tunnels under Berlin s Tempelhof Airport. Chinese find ancient tombs Tokyo a chinese archaeologists have unearthed around 200 ancient tombs in Sze Chwan province some dating Back 4, 200. Years to clan communes the official Hsinhu news Agency reported. Conversion rate London a Friday s closing rates of the . Dollar to european currencies. Figures Are expressed in dollars to the British Pound other local currencies to dollars sept. 14 British Pound 1.9565 German Mark 1.9870 French franc 4.3625 dutch Guilder 2.1565 belgian franc 32.385 italian lira 833.80 Swiss franc 1.6005 greek drachma 36.814 turkish lira 25.25 Spanish peseta 73.94 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official  of German Marks to . Personnel for personal use will be at the rate of 1.96 on monday which is based on Price fixing at midday and allows for Standard handling charge. Sept. 15 1.9618 1.9750 4.3625 2.1490 32.235 831.70 1.5920 36.771 25.25 74.00