World Reacts To Gold Rush On U S Dollar
Paris reports the French government refused to join a gold trading suspension and kept Paris markets open. West German banks resumed limited gold trading while London markets stayed closed. De Gaulle convened experts as the gold rush sparked fear, with observers doubting the end of the turmoil. Moscow blamed U S aggression for the crisis.
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Gold Crisis At A Glance
London reports Britain tightening gold controls as Ottawa, Washington, and Ottawa discuss actions to curb gold trades. U S Treasury and Congress debate measures to raise the federal reserve discount rate and extend tax provisions. World markets show volatility as gold buying surges in Canada, Switzerland, Germany, and South Africa amid a global emergency.
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Tax issue gains support from San Leandro group
The San Leandro Unified School District seeks a 45-year hike in the tax ceiling to fund education. The San Leandro Manufacturers Association endorsed the measure after a board vote guided by Don Nicholson and Oswald Hogaard. Without more revenue, officials warn education quality may fall. The board also tabled repeal efforts for state legislation on tax limits for the Mast Bay Regional Park District and announced the annual Sunol Country Club golf outing for June 2.
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Confidence Grows as Gold Issue Cools Market Holds
In New York on Friday, stock prices steadied after digesting steps to stem gold outflow. The Associated Press average dipped 1.3, with industrials and utilities soft but orderly. select issues showed strength. Major names such as American Motors and IBM rebounded while others fell, as traders awaited the weekend seven gold pool conference and monetary measures aimed at restoring balance.
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Fremont–Wremiht Officials Installed At Association Meet
Attorney Ts Chief OF Business Group Marvin Hawn tas been named president of the Cem terville Business Association with Manuel Silveira as vice president Louis Cardoza as financial secretary Brice Baldwin as corresponding secretary and directors Caral Flegel Bill Smirk and Al. The installation occurred last week by Municipal Court Judge M Sabrawy during an association meeting.
Merchants Seek Downtown Name for San Leandro BART Station
The San Leandro Merchants Association urges naming the central city BART station San Leandro Downtown Station. President John M Cruz cites merchant interests and public confusion, while resident Henrietta Hemler pushes Estudillo Station as a historic name. The council plans to vote Monday night.
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Geandro Merchants Association
Central City
Bay Areas
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John M. Cruz
Cruz
Henrietta Hemler
California
Estudilla
Momier
Cpix Enn
Volinell Ds
PG&E Probe Is Pending in San Prancisco
A petition for an investigation of Pacific Gas & Electric Co. sales was filed with the California Public Utilities Commission. Thirty-nine signers including Ori Wright, former assistant city attorney in charge of public utility matters, and PUC Commissioner William Bennett charged and PG&E denied that the utility earnings exceed the approved rate of return.
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Artific Gas & Electric Co
Ales
State Public Utilities Commission
Tile Wright
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Ity
PUC
William Bennett
2G&e
Bay Planners Push Trains Linking Key Bay Area Sites
The Planning Commission urges Southern Pacific to develop trains as a vital link between Teclyy and the Peninsula, linking with San Francisco International Airport. Proposals include an underground terminal at Market and Second streets with drainage for a Wharf area transit system.
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Southern Pacific
Teclyy
San Francino
Planning Commission
Seaond
Whivdane Townsend
Company Stock Purchase Plan Encourages Employee Investment
A reader asks if boosting an employee contribution from five to 18 percent of salary in a company stock purchase plan is wise. The reply notes such plans are common as employers match a portion of employee investments, and recommends increasing from five to ten percent if affordable, stressing careful review of plan specifics and company stability.
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Onion
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