Gold Outflow Puts Big City Banks in Bind
The U S gold drain mainly to Britain Japan and the Netherlands pressure New York banks. The Fed buys treasury bills to relieve lending strain as deposits and reserves fall. Foreign gold withdrawals reduce bank deposits and tighten money available for loans during a recession.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
U. S
Great Britain
Japan
Netherlands
Federal Reserve Board
Fed- Dawson Eral
U. S. Treasury
S. Ee Gs
Federal Reserve System
Federal Reserve
Financial turmoil and security concerns wrap world markets
The era of volatile gold reserves and dollar concern unsettles U S and overseas economies. Critics warn of gold hoarding while some nations rebuild reserves. U S imports and grants widen the gap. Amid global unrest, Princess Margaret plans a Canadian visit to Kelowna on July 28.
MENTIONED IN THIS ARTICLE
Oney
U. S
U.S
Phil Gagiardi
Royal Canadian Maon Police
Princess Margaret
Kelowna
Vancouver
Bombs Found Planted Ahead of Princess Margaret Visit
Three crude time bombs were planted in Kelowna hotels and a ferry over the weekend and one exploded causing damage. Two others were found before detonation as Princess Margaret’s three day visit nears this month, prompting security concerns.
MENTIONED IN THIS ARTICLE
Kelowna
B. C
Keltowna
Princess Margaret
Rookie fireman dies fighting own home blaze in San Diego
SAN DIEGO AP Four days after joining as a rookie fireman Kenneth Key responded with his company to a house fire and perished while battling flames in his own home.
MENTIONED IN THIS ARTICLE
San Diego
Kenneth Key
Iowa Tests New Civil Defense Plan Statewide
Iowa becomes test state for a civil defense program to train laypeople in detecting fallout. C. E. Ben Fowler notes 24 colleges participated while Burlington and Davenport schools are approved for summer courses. Equipment includes source sets, geiger counters, and dosimeters to teach high school science teachers to run local courses.
MENTIONED IN THIS ARTICLE
Iowa Daily Press
Des Moines
Iowa
Iowa City
Carl Menzer
University of Iowa
C. E. Ben Fowler
Civil Defense
Fowler
Burlington
Federal
Hampton
U.S
Yevery High School
Iowa project report to be aired on national TV
A report on the Iowa project will be made next month on a national television network show, Fowler said. East Iowans receiving certificates for having attended the Iowa City course include Adrian Docken Decorah Donald R. Hutchison Dubuque Alfred W. Meyer Cedar Rapids Edward G. Morris Oskaloosa.
MENTIONED IN THIS ARTICLE
Iowa
Fowler
Also Mentioned on This Page
Gentirak
I. Ee
Federal Reserve Banks
Treasury
Deserve, Pro
N’s
Speovie
Oni
British Columbia
Sons of Freedom Doukobors
Sheldon
Bernard Lansky
Meg
Mercury Showroom
Car-Value Headquarters
LMDA
Mercury
Parsons Motor, Inc
Third Avenue
Harrison Weber
Ward
Cobalt
Towa Civil Defense
Lrior
Towa
Plumbing
15Th Street
Atlas
Jim Shirek
WMT
Dateline
Bob Bruner
Wmt-Tv
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