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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jan 11, 1968
Page
11
AP Business Analyst John Cunniff notes growing demand, a miners strike, and scarce substitutes lift silver above 2.10 an ounce. Photographic film makers bear the cost while holders of silver certificates seek redeemable bills, amid looming June 24 changes and currency profits.
Production at Reon Silver has nearly halted since the latest report, with plant activity sharply reduced and workers idled. Officials cited supply chain delays and maintenance backlogs as the primary factors behind the slowdown and potential restart plans are under review.
In Cairo since Egypt severed relations with the United States, Spain acts as custodian of U.S. interests with a hybrid staff of Americans and Egyptians under the Spanish flag. Ambassador Donald C. Bergus leads a 14 member American team, while Angel Sagaz Zubelzu heads the Spanish representation.
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