U S Measures to Counter Gold Stampede Across Markets
The United States moved on three fronts to counter gold buying frenzy in Europe. The Fed raised its discount rate to 5 percent, Congress lifted the gold cover and the Treasury released 450 million dollars of gold to the Exchange Stabilization Fund. Britain closed its gold market and several exchanges paused trading to ease pressure. The move frees 10.4 billion dollars of gold overall, leaving the U S gold stock at 11.4 billion. In copper, Kennecott and Pelps Dodge announced tentative labor contract agreements, with ratification pending and plant disputes to resolve. Domestic business sees capital spending rising about 5.8 percent with 1968 investment projected at 65.23 billion dollars. February unemployment rose to 3.7 percent as teens entered the labor pool, with total unemployed at 3,288,000 and employment at 74,214,000. Magma Copper settled with unions on a 39.75-month contract with wage gains. Auto production stayed strong with about 190,500 cars built, sales near 190,000 in early March, and steel output at a record weekly 2.883 million tons amid demand linked to a possible future strike.
MENTIONED IN THIS ARTICLE
New York
United States
Europe
Federal Reserve Board
Senate
London Stock Exchange
U.S
Federal Reserve
United Steelworkers of America
Kennecott Copper Corp
Pelps Dodge
Kennecott
Utah
Nevada
Arizona
New Mexico
Maryland
Commerce Department
Zona
Steelworkers Union
Barbers Hill Trustees Offer Contracts To 35 Staff Members
Barbers Hill Schools trustees offer new contracts to 35 faculty and staff including counselors, secretaries, teachers, and coaches. Named recipients include J W Grimes counselor teacher Anna Lee Cotten district bookkeeper and secretary, Eva Maude Abbe sixth grade, Marian Clark first grade, John Malone seventh grade, Richard C Richardson coach, Jack Y Rodger science, Carolyn Larrison librarian, and Inodene Armstrong school nurse.
MENTIONED IN THIS ARTICLE
Helen Leonard Mont Belvieu
Barbers Hill
Est
J. W Grimes
Anna Lee Cotten
Helen Grimes
Dorothy Kilgore
LaWannz. Steck
Eva Maude Abbe
Gertrude Bell
Marian Clark
Katherine Daniel
W. P. Daniel
Margaret Dugat
Mary Beth Dyer
Elmentary Girls
Wilma Dyer
Si Also
Frances Hall
Janelle Harvey
Indergarten
Maggie Horn
Evelyn fErish
John Malone
Patricia Norton
Lela McClanahan
Louise Mers
Vivian Smith
Jeanette Stowers
Jane Wheeler
Peggy Brass
Elizabeth Gill
Robert Guinn
John L. Hall
Arthur B. Harvey
Carolyn Larrison
Jean Laughlin
Richard C. Richardson
Jack Y W. Rodger
Eugene Sharp
Inodene Armstrong
Grenade Pins Are Too Tight at Da Nang Mortuary
The Associated Press report describes American casualties arriving at Da Nang mortuary with grenades still attached due to pins being pulled. Texans like Robert Stimpson from Halton City recount lapses in retrieval procedures and the need to strip weapons from bodies before forwarding. Stimpson notes on the job training and contrasts home front griping with the realities of war.
MENTIONED IN THIS ARTICLE
Associated Press
U.S. Army
da Nang
Robert Simpson
Fort Worth
Haltom
City
Stimpson
Lamar Briggs to Demonstrate at Art League Meeting
The Art League will host Lamar Briggs of Houston for a 7:30 p.m. Monday demonstration in the Community Building. All interested persons are invited to attend and hear him.
MENTIONED IN THIS ARTICLE
ART League
Lamar Briggs
Houston
Rites Held for Odis Jones in Mont Belvieu
Funeral services for Odis Jones 58 of Mont Belvieu were held Saturday at 2 p.m. He died March 13 in Gulf Coast Hospital and had lived in Mont Belvieu and Corpus Christi. employed by Conservation Processes Co.. member of Assembly of God in Corpus. Surviving sisters include Daisy Stockman Gertie Bass Mamie Johnston and Ben Sharp. brothers G W Jones and Bill Jones. Sterling Funeral Chapel Dayton conducted by Rev N F Blansett with burial in Memory Gardens Baytown. Pallbearers were Karl Kristen Herman Marshall Carl Sheldon Grady Gore Allen Kree Bass.
MENTIONED IN THIS ARTICLE
Mont Belvieu
Odis Jones
Gulf Coast Hospital
Corpus Christi
Conservation Processes Co., Inc
Mont Belview
Assembly of God Church
Corpus
Daisy Stockman
Gertie Bass
Mamie Johnston
Liberty
Ben Sharp
Turkey Creek
G. W. Jones
Bill Jones
Cleveland
Sterling Funeral Chapel
Dayton
N. F. Blanseet
Cedar Bayou
Memory Gardens
Baytown
Karl Christen
Herman Marshall
Carl Sheldon
Grady Gore
Allen Kree Bass
Prediction of Taal eruption by geologists in 1965
The World Almanac notes that geologists predicted the Taal volcano eruption in 1965 based on ongoing minor earthquakes rising temperatures and increasing fumes from the main vent. The report cites scholarly forewarnings from scientists prior to the event.
MENTIONED IN THIS ARTICLE
Philippines
World Almanac
Fine Arts Meet Set for UT Austin March 22 23
A junior college fine arts conference will run March 22 23 at the University of Texas to discuss developing cross credited courses in art drama and music. About 135 arts faculty from Texas junior and senior colleges are expected with panelists including Warren Casey Frank Hughes Kermit Hunter and others from Texas Woman's University Texas Christian University SMU Georgetown Southwestern Stephenville Tarleton and Del Mar College.
MENTIONED IN THIS ARTICLE
Denton
Frank Hughes
Texas Christian University
Fort Worth
Kermit: Hunter
Southern Methodist University
Dallas
Angus Springer
Georgetown
Southwestern University
Speech and Drama
Donald Morton
Stephenville
Tarieton State College
Eugene Bonelli
Beaumont
del Mar College Assisant
Also Mentioned on This Page
Treasury
Exchange — Stabilization Fund
Labor Department
Fetenary
Magma Copper Corp
An Ari
Ford Call
L Art League
Boytaix
Bayfaix
Newspaper Enterprise Assn
Cystex
Olby
Jane Colby
S-M-L
Jamaica