January 20, 1978

Carter Adm agrees to let lapse 2-yr-old pact limiting amt of gold Western govts may buy with unwanted dollars hidden in monetary reserves; central bankers say demise of agreement will not enhance weakening of dollar; decision was made by outgoing Fed Reserve Chmn Arthur F Burns; agreement was presented as major success for Amer policy of safeguarding dollar's central position in internatl monetary system by restricting monetary use of gold; its origins and effects on world monetary system discussed (M)

Repts net income of $61-million for 4th qr and $250.8-million for all of '77 (S)

Seven teams made up of 28 students of major graduate schools of business administration met at Cornell University last weekend to compete in analyzing at top‐level corporate management decision. Page D3.

Tourism dir Ed Spivia says visits to state travel centers have jumped some 25% since Jimmy Carter became Pres (M)

Article on discovery by Brigham Young Univ Earth Sciences Museum paleontologist Dr James Jensen of fossil bone evidence suggesting that when Archaeopteryx, oldest known bird-like creature, was living, at least 2 distinct true bird families capable of self-powered wing-flapping flight might have already evolved; evidence lends weight to re-emerging view that Archaeopteryx was not bird but small, feathered dinosaur possibly not even capable of gliding; Jensen says femurs of new species closely resemble modern owls and red-tailed hawks; discovery was made at Dry Mesa quarry in eastern Colo; Yale Univ Peabody Museum of Natural History paleontologist Dr John H Ostrom comments; drawing; Jensen por (M)