Gold supply promises to calm currency jitters
A historical note argues that abundant gold would calm currency jitters and unlock hundreds of marginal gold mines if prices hit $50 to $60 an ounce, urging investors to buy gold stocks.
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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
May 15, 1969
Page
8
A historical note argues that abundant gold would calm currency jitters and unlock hundreds of marginal gold mines if prices hit $50 to $60 an ounce, urging investors to buy gold stocks.
The piece argues gold remains scarce worldwide as governments rely on gold pools to ease shortfalls. It notes declines in French reserves in 1969 and contrasts England France and Germany, urging higher gold prices to attract more supply despite risks.
An initiation ceremony for five members was held by Our Lady of Fatima Circle, Daughters of Isabella, at St John’s Hall Biddeford. Three new members were welcomed and June 24 plans were announced for an Ossipee Lake outing.
Federal Judge Frank M Coffin was named chairman of the University of Maine Higher Education Planning Commission. Chancellor Donald R McNeil announced 17 members including Coffin to form a 25 member panel aiming to draft a preliminary report by January 1. The panel will decide each campus mission and develop campus specialties. Augusta AP Gov Curtis tapped Stephen T Hughes of Auburn to join the 15 member University of Maine board of trustees, making a student voice formal on policy matters. Hughes, a 25 year old senior and leader of the largest student group, has Army and Duke background and will represent Maine students.
University of Maine receives multiple gifts to its art collection. Beverly Hallam of Ogunquit donates Tidewater. Merritt Mauzel of Dallas memorial gift lithographs. Tseng Ying Pang sumi watercolor A Landscape from Bangor couple. Clark Fitz-Gerald sculpture Young Girl and Trout Stream by Marguerite Zorach Fitz-Gerald. Gifts to be displayed publicly on campus.
Gail Wagner from Biddeford High School and Diane Lizotte of the University of New Hampshire have been chosen to serve as counselors at Camp Waban on Barney Beg Lake in Sanford this summer. They will attend a two day RLE workshop sponsored by the State Department of Education at Camp Waban on Friday June 6 and Saturday June 7.
The Biddeford Saco Journal reports Camp Waban will host group seminars with Wayne Wormwood directing. The event includes panel discussions and runs under the leadership of a named director, announced today in May 1969.
Q and A style quiz item notes Beloved Phy Ty ya as St. Luke name in Colossians and Julius Caesar linked to Metamorphoses myth. It lists American Korean War casualties as 157,530 killed and wounded, per Newspaper Enterprise Association.
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