Pound floats as level viewed near. thin markets amid US holiday
London and Zurich traders say the pound is near finding its level after a second week afloat as the Bank of England faces a decision on stabilization. Dealers report thin trading ahead of Independence Day, while the Swiss National Bank supports the dollar causing the franc to edge higher. In Paris the dollar strengthens against the pound as the franc quote slips from previous levels.
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London
Pound
United States
Paris
Ceaters
Over the counter quotations courtesy notice
Over the counter quotations are furnished through the courtesy of Dean Wither and Company located at 1070 A Street Hayward for the public record.
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Dean, Wither & Co
Hayward
Small firms to gain year long OSHA relief
Congress plans a one year moratorium on OSHA inspections for small businesses and farms. Senate and House bills set exemptions for employers under 25 or 8 workers respectively. Labor Department may propose exempting under eight workers from keeping records. Final passage uncertain amid veto talk and funding disputes.
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House
Senate
Labor Department
Paul Pindley
R-fl
Senate House
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Nixon
Office design advocate urges radishes on the job
Ernest Dichter of Croton-on-Hudson argues that office workers are alienated by current spaces and could be more productive if offices resembled homes. He envisions a thinking tower retreat and roof gardens with flowers watered from inside, plus campus like country locations and color coded building sections to preserve human scale.
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New York
Gamlen
Ernest Dichter
Croton-on-Hudson
S.” Dichter
F Corporations
Jimne
Dichler
Dich
Dichter
Eny
Dichter Sys
Wall Street charter points to weaker near term market
Wall Street firm Wall Street charter NEW YORK (UPI) says more down days ahead before the market turns up. Dow Industrials could slip to 900-710 area as several negative factors press on the market. Factors cited include McGovern economic policies inflation secondary offerings and light mutual fund buying. Some optimism exists as unenthusiastic buyers outnumber sellers and sentiment shifts. Other sources see possible bullish support from European markets or speculative pension funds anticipating an upward trend.
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New York
UPI
TOR Inc
W. E. Hilton
Sen
George McGovern
Huttan
Hoppin, Watson, Inc
Watson
Federal civilian workforce slips in May
A congressional committee reports 2.85 million federal civilian workers in May, down 19,457 from April. The payroll for April was $2.8 billion, now $240.77 million lower than March, with pay figures lagging one month behind workforce size.
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Washington
Lockheed Faces Debt as Tristar Drive Fails to Rebound
The Pentagon backed up to 250 million in loan guarantees to keep Lockheed Aircraft Corp afloat amid heavy debt and slumping civil jet demand. Rolls-Royce engines and Rolls-Royce bankruptcy impacts are noted as UK support aids the program, with Lockheed delivering initial Tristar jets while awaiting future orders. Defense work remains sizable, but costs on the C5A program and other projects press the company's finances.
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