July 10, 1971

BLS repts rise in indus wholesale prices moderated slightly in June, rising 0.3% on seasonally adjusted basis, down from 0.4% in May and 03% in Apr; over-all wholesale price index, including volatile farm and food sector, up 0.4% to 114.3 both before and after seasonal adjustment; on 6-mo basis, wholesale indus prices, seasonally adjusted, are doing worse now than during winter and spring; have been rising during past 6 mos at 4.1% annual rate; graph; White House deputy press sec G L Warren gives Nixon's backing to McCracken statement implicitly abandoning target of $1,065-billion GNP; stresses however that Adm has not given up on dual goal of halting inflation and improving econ

At least 53 persons injured as empty LIRR train traveling at relatively low speed smashes into rear of crowded train leaving Penna Station during evening rush; 9 cars of crowded train derail, blocking track and causing delays of up to 30 mins; rr supt P F Schwartz says cause of accident could have been signal trouble or brake failure; Mayor Lindsay visits scene of accident; queries what Ronan plans to do about accidents

Brink's Inc: 2 gunmen wound elevator starter and Brink's guards R Faure and H Allen and escape with $143,000 from regular delivery of Municipal Credit Union payroll in Munic bldg; incident described; map

US Customs Service and NYC Police Dept, in 2 unrelated cases, disclose seizure of 275 lbs of heroin with value estimated at $32.5-million in illicit st sales; Customs Service says that its agents confiscated 175 lbs of heroin, with st value of $20-million, at Kennedy Internatl Airport in luggage of R Richard; also arrest N Polanco and Q Gonzalez; NYC police announce arrest of 4 persons and seizure of 100 lbs of heroin valued at $12.5-million in raid on apt in Sunnyside sec of Queens; suspects identified; Murphy comments

Sen Proxmire makes pub country-by-country listing of mil aid proposed by US for all but 6 Middle East nations for fiscal 72; disclosure marks 1st time in 20 yrs of mil programs that even tentative allocations have been pub until yr after period in which they were requested; list, with 6 countries excluded, covers 43 countries with total of $1.8-billion in aid and shows $2.35-billion allocation for all 49 countries; moves by Proxmire to declassify 'secret' figures revd