Corporations Seek Cash as Commercial Paper Rises
With interest rates near 40-year highs, firms rush to market debt. The New York Fed notes July commercial paper rose 1.4 billion to 12.1 billion, lifting banks’ lending pressure while pushing up finance company funding costs. The piece explains compensating balances and rate impacts on banks, finance companies, and industrial borrowers amid tight credit.
MENTIONED IN THIS ARTICLE
H. Erich Heinmann
New York Times News Service
NEW York
Federal Reserve Bank of New York
France builds gold reserves to sharpen political leverage
A.Sulzberger notes France under De Gaulle quietly enlarges gold hoards to about six billion dollars, with 86 percent in bullion. The move fuels debate among economists and cartoons in Paris and Washington, seen as a strategic buffer and political instrument rather than a wartime weapon. De Gaulle leverages Rueff’s advice to bolster France’s international status and autonomy from dollar hegemony.
MENTIONED IN THIS ARTICLE
C. L. Sulzberger
New York Times
Athens
France
Paris
Washington
de Gaulle
Jacques Rueff
NATO
Russia
Gold rush in France reshapes power and policy
The article argues De Gaulle's 1958 economic strategy built on France's growing gold reserve, viewing bullion as political insurance and an edge in global power. It contrasts US wealth, Britain’s currency woes, and Washington’s caution while noting France’s planned nuclear and monetary leverage.
MENTIONED IN THIS ARTICLE
de Gaulle
France
United States
U. S
Britain
Wilson
Sterling
Washington
NATO
Paris
Ferocious O Flaherty Joins Adams Campaign
Boston writer Tom Adams a Massachusetts Senate candidate embraces Ferocious O Flaherty as his campaign driver and ally. Adams, a 56 year old descendant of John Adams, argues for a politics shaped by history and responsibility, opposing the Vietnam War and seeking to blend tradition with new immigrant energy. He faces Chub Peabody and John Collins in a no certainty primary, yet vows to persist and deliver his ideas.
MENTIONED IN THIS ARTICLE
Tom Wicker
New York Times News Service
Boston
Tom Adams
United States Senate
Massachusetts
Adams
Ferocious O'Flaherty
Nee Sylvester
Senate
Thomas Boylston Adams
John Adams
John Quincy Adams
O’flaherty
United States
Kennedys
Ireland
Adamses
O’flahertys
Johnson
Congress
Plymouth
Philippines
Viet Nam
Beacon Street
Chub Peabody
John Collins
Andrew Jackson
Danville Notes on Local Visits and Recoveries
Mrs James Tomlinson attended the W M A Institute at Shocco Springs Saturday. Mrs George Lindsey Sr is now at home and improving from a broken collar bone. Mrs Herbert English returned to Florence after visiting her mother Mrs Jim Lindsey and attending the funeral of her uncle Lyle Roberts of Hartselle. Mr and Mrs James Teague attended the Golden Wedding anniversary tea for Mr and Mrs J C Maddox at the home of their daughter Helen Hall in Florence. The Maddoxes have many friends in the area and long school connections.
MENTIONED IN THIS ARTICLE
James Tomlinson
W.M.A. Institute
Shocco Springs
George Lindsey Sr
Herbert English
Florence
Jim Lindsey
Lyle Roberts
Hartselle
James Teague
J. C. Maddox
Helen Hall
Maddox’s
Plan to double U S troops in South Viet Nam
Top military planners in Saigon propose building U S combat strength to about 600000 in South Viet Nam within 18 months, up from just over 300000. The plan calls for larger ground forces, additional five tactical fighter-bomber squadrons, and greatly expanded airlift to move thousands of tons of supplies daily. See See SOME On Page B-8
MENTIONED IN THIS ARTICLE
William Beecher
New York Times News Service
Saigon
United States
South Viet Nam
U. S
North Viet Nam
Air Force
South
Viet Nam
Africa and U N hopes fade over South Africa mandate
The United Nations foresees a weak fall as African states, led by hopes of a world court ruling against South Africa over the South West Africa mandate, face a court decision that voided the case. Verwoerd plans to tighten control and may divide the territory into segregated states. Britain and the United States show little appetite for enforcement action.
MENTIONED IN THIS ARTICLE
Graham Hovey
New York Times News Service
New York
United Nations
Republic of South Africa
U. N. General Assembly
South Africa
League of Nations
South - West Africa
Assembly
Security Council
United States
Council
South-West Africa
U. N
Rhodesia
Basutoland
Bechuanaland
Swaziland
Britain
Portugal
Angola
Mozambique
World Court
Verwoerd
U. S
South- West Africa
Bitain
Viet Nam
See South
Slowdown Hits Viet Nam Construction Boom Projects
Saigon Washington curbs the RMK BRJ led building push in South Viet Nam. About 7,000 layoffs by August and September cut total employees to 45,000 as the Pentagon reconsiders funding. Projects valued at $800 million face delays while $200 million may remain in limbo, risking further job losses and longer construction timelines. Perkins cautions more funds could arrive, enabling rehiring.
MENTIONED IN THIS ARTICLE
Saigon
Tansonhut
Defense Department
Pentagon
Viet Nam
Perkins
Rmk-Brj
Congressional
House Government Operations Subcommittee
Consortium
Cutback crash schedule warns of cost and speed pressures
A forceful executive recalls RMK-BRJ pressure to speed up work in Viet Nam era projects. He cites hiring bursts, budget bans, and a October goal to build facilities worth 40 million dollars monthly, a target stalling at 30.6 million due to a late cutback ordered by Pentagon and overseers.
MENTIONED IN THIS ARTICLE
Pentagon
Rmk-Brj
Viet Nam
Also Mentioned on This Page
Uanwa-Barbera Prods
Yogi Bear
Jellystone National Park
Decatur Daily
Foreign Affairs
Ferocious Oflaherty
Danville
Birdie Mae Randolph
R. W. Apple JR
Bertram L. Perkins
Raymond Morrison Knudsen-Brown Root
Jones
Combine
The
Ameri
Empire State Building
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