GREENBACK TAKES A BEATING
The U.S. dollar fell to its lowest level against the Japanese yen since World War II. The drop was explained, in part, by this morning's news that the U.S. trade deficit had jumped 22 percent during the month of April, while foreign sales fell 3.3 percent and imports decreased only 0.6 percent. In response to awful financial figures, the Dow Jones tumbled more than 50 points during afternoon trading, forcing Wall Street to impose automatic trading restrictions. The Index finished the day at 3707.97, which was 33.93 points behind yesterday's closing. Bonds and other stock indexes also experienced losses today. See below for details.
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RAY KELLY, New York City Police Commissioner, on the arrest of a New Jersey man in one of the nation's most baffling missing-children cases, the disappearance more than three decades ago of 6-year-old Etan Patz.
