Dollar Slumps As Gold Reaches Record Highs In London
In London, demand for gold surged as the dollar hit fresh lows and markets worldwide faced pressure. Dealers described cautious trading and brief attempts to stabilize prices amid volatile currency movements. Some observers note that persistent devaluation fears and modest government intervention influenced activity in London and European markets.
World bullion prices steady amid IMF monetary reform debate
Global markets held firm as bullion traded near 112.50 113 per ounce in London and Europe with dollar pressures noted. A panel of IMF deputy finance ministers opened talks Monday on a new world monetary system, weighing a phased gold role and tighter controls, amid questions on sovereignty and currency value adjustments.
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Two Gary Policemen and 10 Others Indicted In Narcotics Traffic
Gary Indiana AP two Gary Watson described as an act said their names probably policemen and 10 other persons quaintance of Howard Wouldn't mean anything to the public oral grand jury there studying charged with using interstate The federal officials said the Gary narcotics traffic. The policemen were identiies traffic and with perjury beard to California, Michigan and fed as Detective Booker T. fore the special grand jury. The New Orleans to purchase war Howard Jr. and Patrolman] grand jury was convened last cotics arrange for delivery or John A. Davis. The indictments were announced at a news conference called by Gary Mayor Fitzsimmons said other po- stemmed from answers the po- Richard G. Hatcher. He said themen are being investigated themen gave previously to the the special announcement was f or possible connection with the grand jury when asked about being made as a move to re- purchase and sale of narcotics store credibility to the Gary in the area. Fitzsimmons refused to come Police Department. Fitzsimmons didn't immement on any current wiretaps J. Michael Fitzsimmons re diately identify the other 10) but said is task for re gional director of the U.S. Of persons indiced except to say them whenever recess fire of Drug Abuse Law En the Watson woman was one end substantiate other evidence. forcement said the indictments that three were from the Chi .The special grand jury has were made on the basis of cage area and the others from returned about 0 indictments court authorized wiretaps on the Gary area He described as street people and low minor narcotics charges.
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Watergate Prosecution Chief Vows Not To Be Intimidated
Washington AP reports Watergate special prosecutor Cox will pursue leads toward President Nixon despite pressure. The revised guidelines limit scope to investigation matters. Cox says no intent to broaden beyond relevant acts and will consult the Attorney General only as needed. Byrd and Richardson debate committee timing as traffic detours are announced for Indiana routes during bridge project in Shoals and Loogootee.
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