Dollar moves amid overseas rally and mixed reactions
New York AP reports early signs of a dollar strengthen plan with overseas markets showing spotty gains. Some negative effects included a 3 percent drop in dollar trading in commerce and a 10 to 14 percent fall for tourists, while several European markets closed for holidays. German and Swiss actions loom large as meetings in London Paris Brussels shape next moves.
MENTIONED IN THIS ARTICLE
New York
Nixman
Raturna
Foralgi
Europe
France
Italy
Belgium
England
London
Alreay
Ueno
United States
Financial Times of London
Ago
U.S
Anetica
W.S
Paul Walckar
Little Impact Seen on Retail Prices of Food
Washington reports President Nixon’s price proposals may not lift food costs soon. experts note limited effect on average retail prices. Some economists warn ongoing wage and price pressures persist, with potential cuts in production and inventories amid strikes and policy shifts.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Telwan
Merton J. Peck
Yale University
Johnson
Connecticut
O Industry Association
United Auto
Philip £. Taylor
General
Motors Corp
Connecticut Economics
Prices and policy ripple through food and goods markets
Officials warn price controls may pause inflation with seasonal shifts in staples. Economists note Nixon era actions affect raw materiel more, while frozen items hold prices despite demand. Analysts debate whether tax cuts and currency shifts will sustain employment and broader economic stability.
MENTIONED IN THIS ARTICLE
Povistabie Fonda Wire Iettica
Dai
Vhe
Nixon
Questions and Answers on the Nixon price freeze
Sterling Green outlines how the Nixon 10 day price freeze affects wages rents and prices. Officials reply to common questions on coverage ceilings scope and actions for state local and federal agencies, with details on imports taxes and potential retroactive pay.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Nixon
Unamely
Vwikt
Maetion
Cmtral
Pay Inc
Treaswy
Abdul Sehiop
Sertenor
Treasury
Fevega
Siipnone
Record of Historic Stock Market Move and Nixon Price Freeze
The item notes the largest stock advance and high volume in history amid Nixon's price and wage freeze, with quotes on major gains across markets. It mentions Goodyear RCA Steel and other firms, the Dow's rise to around 207, and the broader NASDAQ index movement, while observers remark on the impact of the freeze on prices and rents. Relations between policy and market reaction are emphasized.
MENTIONED IN THIS ARTICLE
UNIO
Gonarsl
Goodyear
Nixon
RCA Fes
Les
Bilroughs
Claus
Hospitals Urged to Hold On Line Amid Wage Pressures
Sid L. Grosby, executive vice president of the American Hospital Association, urged the nation’s more than 7,000 hospitals to hold the line on wages and prices. He noted over 24 million people are employed in hospitals, making the industry a major cost driver in escalating expenses. He warned that nearly two thirds of hospital expenses go to personnel costs.
MENTIONED IN THIS ARTICLE
Cincago Upi
Sidwin L. Grosby
American Hospital Association
Indust Oy
Crosby
Banks Refuse Cashing Travelers Checks in Britain
In London, several British banks halted cashing traveler’s checks for Americans amid a currency scare. Frustrated travelers, including Sir Dragenny of Woodmere and Richard Jaskowien of Chicago, faced ceilings and refusals, prompting dire comments on U.S. money’s security. Bank of England actions and Westminster shifts caused further confusion as travelers struggled to access funds.
MENTIONED IN THIS ARTICLE
London
UPI
Amaticans
Tra Dragenny
Woodmere
N.Y
Frazener
Richard Jasklowien
Chitao
Res
Haliday
Dakiewice
Mast
Westminster
Bank of Jinglines
Westminster Yin
Tor John T. Baxter
Boston
Basler
Shia
Meskill Praises Treeze by Nixon
Hartford reports President Nixon receives praise for unemployment relief and efforts to boost American goods while considering a wage price and rent freeze. Thomai Meskill notes the impact on Connecticut residents and industry, highlighting bipartisan support for economic measures.
MENTIONED IN THIS ARTICLE
Meskill
Treeze
Nixon
Prasiehl
Also Mentioned on This Page
Switzerland
Poverdnent Arden
Nu Nyiderice
Ponedal
County
Aad
America
Japan
Ovaraeas
Federsation ii
By David 1. Edgeriy
Nant
Lisenhower
Council of Economic Advisors
Taylor
Peck
Congress
A. Nison
Oregon
Gonthard i Faye Moe
Wall Street
Presbury
Doh Ay Connally
Sing Stack
Delmont
eUhigienim
Tke le grsilaUdn Peat
VT Adil
Lodt
Eaera Electric
Svar Timvar
Quan
Red Tag
General Electric
Sonarit
Prom
Oan An
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