The basic measures of the money supply rose sharply in the week that ended June 18, the Federal Reserve Bank of New York reported yesterday.  

Supply Of Money Up Sharply; Increase in Week Spurs Big Rises In Interest Rates Continued Hovering at 9 Percent Supply Of Money Up Sharply Key Rates

BUSINESS Digest; Washington The Economy Markets Companies Today's Columns

WASHINGTON, June 27--The Carter Administration reaffirmed its opposition today to deploying the neutron bomb but was careful neither to approve nor to condemn the French test of the weapon and to leave open American options to deploy it.  

U.S. Holds Off on Neutron Bomb; Some Officers Hail French Test; Noncommital on French Test U.S. Reaffirms Plan Not to Deploy Neutron Bomb

WASHINGTON, June 27--In a significant shift away from long-held views on patent law, the Supreme Court today made certain types of patent infringement suits much easier for patent holders to win.  

High Court In Shift On Patents; 1952 Amendment Cited Supreme Court in Shift On Patent Safeguards

A 10-cent fare increase for New York City's subways and buses was approved yesterday by the board of the Metropolitan Transportation Authority, and the new 60-cent fare went into effect at 12:01 A.M. today. It was the first increase since Sept. 1, 1975, when the fare rose from 35 to 50 cents.  

60-Cent Transit Fare Takes Effect; Smaller Subway Tokens Go on Sale; Long Lines for New Tokens 64-Cent Fare Takes Effect; Smaller Tokens Go on Sale Other Measures Approved Lower Fares Available To Some Conrail Riders Disagreement on Bus Pass

Two firemen fell to their deaths from a burning Harlem tenement last night as one of them, on the roof of the seven-story building, tried to rescue the other who was trapped by flames near a window beneath.  

2 Firefighters Killed and 30 Hurt In Blaze at a Tenement in Harlem; 'One Got Trapped' 2 Firefighters Killed At Harlem Tenement

WASHINGTON, June 27--Frank V. Ortiz Jr. will be replaced shortly as United States Ambassador to Guatemala after what Administration officials described as a bitter internal debate over United States policy toward that country.  

ENVOY LOSING POST AFTER POLICY CLASH; Ortiz, Ambassador to Guatemala, Sought to Bolster 'Middle' ENVOY LOSING POST AFTER POLICY CLASH

MIDDLETOWN, Pa., June 27--Lawyers failed today to persuade a Federal court in Washington to halt tomorrow's scheduled venting of the radioactive gas krypton-85 at the Three Mile Island nuclear reactor, and hundreds of people in central Pennsylvania loaded their children into cars and campers tonight to get away from the area.  

3-Mile Island Venting Near, Hundreds Leave; Hundreds Near Disabled Nuclear Reactor Leave Before Krypton Release 'Our Security Blanket' Family Staying With Relatives

WASHINGTON, June 27 (UPI)-- The country's trade deficit expanded last month to $3.96 billion as oil imports surged while exports plunged by the largest amount in nearly two years, the Commerce Department said today.  

Trade Gap Wider In May; Total Imports Climb 6.4% Trade Gap Wider In May

WASHINGTON, June 27--A deeply divided Carter Administration is assembling a package of possible aid for the automobile industry that is intended to cost the Government and auto buyers little or nothing in cash, according to Administration officials.  

Administration Is Weighing Aid For Car Industry; Administration Weighing Car Industry Aid

Despite widespread unhappiness with 10 years of decentralization in New York City's schools, most educators and parents are pinning their hopes for the future not on another change in the structure of the school system, but on what takes place in the classroom itself.  

City Aims to Upgrade Schools, Not Revise System; Decentralization New York Now Plans to Upgrade Individual Schools 'Quality Learning' Called Aim Financing Method Challenged Some Schools Are Effective California Experiment Cited Citywide Curriculum Planned Major Questions Unanswered

WASHINGTON, June 27--The Senate voted today to restore $572 million in state revenue-sharing funds through Sept. 30 and sought to offset that increase by rescinding funds for other programs in its $16.6 billion supplemental appropriations bill for the current fiscal year.  

SENATORS RESTORE $572 MILLION IN AID FOR STATES IN 1980; In Voting Revenue Sharing Funds, Legislators Exceed Ceilings --Other Trims Sought Deficit Would Rise Senate Restores Revenue Sharing Trade Adjustment Bill

WASHINGTON, June 27--The House of Representatives handed President Carter a sharp defeat today by killing his proposed Energy Mobilization Board, a key element in his program to cut oil imports, by a lopsided margin of 232 to 131.  

HOUSE, BY 232-131, KILLS CARTER PLAN FOR ENERGY BOARD; BILL RETURNED TO COMMITTEE But Backers See Size of Vote and Senate Problems as Shelving Measure This Session Panel Backed It Two Weeks Ago Difficulties Underscored Called 'Fast Track Bill' House, 232-131, Kills Carter Energy Board

The credit markets dropped sharply again yesterday, falling for the fifth consecutive day and closing at their lows of the week as traders showed their disappointment with Federal Reserve inaction in the money market and a substantial increase in the money supply.  

Bond Prices Off Fifth Day As Fed Takes No Action; Bond Prices Off Fifth Day As Fed Takes No Action

DETROIT, June 27--As the 1980 model year limps to an end, some traditional best sellers have wound up on the bottom of the heap and some newcomers have turned in unusually strong performances.  

Best Sellers Changing in Autos; Best Sellers In U.S. Cars Showing Changes Monte Carlo a Loser DeVille Leads Luxury Field

In 1977, when The Market opened for shoppers on the ground level of the 56story Citicorp skyscraper on Lexington Avenue and 53d Street, the 300,000square-foot collage of public space and 20 shops and restaurants was heralded as an innovative departure from standard urban mall design. But the gourmet food store, Maison Glass, has recently closed, and the Oyster Bar restaurant is up for sale.  

Trials of a Skyscraper Mall; Many Tenants Are Dissatisfied With Citicorp Many Tenants in Mall Dissatisfied With Citicorp More Advertising Sought Public Area Cited

IT is a cherished dream for many people nearing retirement--moving south to a gentle climate, and purchasing a home or condominium in the sun.  But moving to another state, especially if financial ties are retained in the former home, can have unforeseen tax consequences to be guarded against before packing as much as a toothbrush.  

Your Moneys; Taxes in Moves Out of a State

COMPANY NEWS No U.S. Challenge To G.E.-Thorn Deal; Swift Is Planning Three Plant Closings Employee Takeover Of Rath Cleared United Airlines A.&P. Announces $14.9 Million Loss I.B.M. Announces Price Increases Sambo's Outlines '80 Earnings Plan

PALERMO, Sicily, Saturday, June 28 (AP)--An Italian jetliner with 81 people aboard apparently crashed in the Tyrrhenian Sea, port sources on the island of Ustica said today.  

81 Aboard an Italian DC-8 Missing at Sea Off Naples; Dropped From Radar Screen Wind Is a Problem for Copters

Pope John Paul II yesterday named Archbishop Jean Jadot, the influential papal delegate to the United States for the last seven years, to head the Vatican Secretariat for Non-Christian Religions.  

Influential Papal Delegate to U.S. Is Named to a High Vatican Post; Other High Appointments

GABROVO, Bulgaria, June 20--Bulgaria is a strange country. Take Gabrovo. Or, as the old joke goes, take Gabrovo, please!  

And Now, From a (Groucho) Marxist Bulgarian City; He Can Fool a Horse Having the Last Laugh Coffee Is Served, Almost Blacksmith Is Frugally Honored

Business Records

COMPANY BRIEFS

KUALA LUMPUR, Malaysia, June 27 --Secretary of State Edmund S. Muskie told the Thai Foreign Minister here today that the United States would speed delivery of 35 tanks and other battlefield equipment as a tangible American response to the Vietnamese incursion into Thailand this week.  

U.S. Will Speed Delivery of Arms To Thais' Forces; Muskie, in Asia for Talks, Assails Hanoi Incursion Concern Over Vietnamese Drive A Two-Day Stay in Thailand

TEL AVIV, June 27--Israel's plan for the proposed self-governing Arab areas of the West Bank and Gaza envisages an Israeli military presence near all major arteries, population centers and important road junctions, it was reported here today by the state radio.  

Israelis Tell Where They Want West Bank Troops; Territorial Contiguity Role of 'Security Locations' U.N. Petitioned on Jerusalem

Jevgeni Novikov is an Estonian former professional international footballer. He played the position of central and defensive midfielder.

Jevgeni Novikov, Estonian footballer

Jevgeni_Novikov

José Iturbi Báguena was a conductor, pianist, harpsichordist and actor from Valencia, Spain. He also appeared in several Metro-Goldwyn-Mayer musical films including Thousands Cheer (1943), Music for Millions (1944), Anchors Aweigh (1945), That Midnight Kiss (1949), and Three Daring Daughters (1948), his only leading role.

June 28, 1980

Headlines from June 28, 1980

Supply Of Money Up Sharply; Increase in Week Spurs Big Rises In Interest Rates Continued Hovering at 9 Percent Supply Of Money Up Sharply Key Rates

BUSINESS Digest; Washington The Economy Markets Companies Today's Columns

U.S. Holds Off on Neutron Bomb; Some Officers Hail French Test; Noncommital on French Test U.S. Reaffirms Plan Not to Deploy Neutron Bomb

High Court In Shift On Patents; 1952 Amendment Cited Supreme Court in Shift On Patent Safeguards

60-Cent Transit Fare Takes Effect; Smaller Subway Tokens Go on Sale; Long Lines for New Tokens 64-Cent Fare Takes Effect; Smaller Tokens Go on Sale Other Measures Approved Lower Fares Available To Some Conrail Riders Disagreement on Bus Pass

Billboard 200

Glass Houses

Just One Night

McCartney II

Against The Wind

Mouth To Mouth

Notable Births

Notable Deaths

Historical Context for June 28, 1980