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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Feb 20, 1949

Page

3

Gold Attracts Buyers Willing to Pay Higher Price

New York reports Gold values rising as governments set ceilings. South Africa seeks to sell 100000 ounces of 22 carat gold at 38.20 per ounce for eight weeks, but buyers must use it for industrial or artistic purposes only. The U S government remains the largest gold holder with over 24 billion dollars in monetary gold, and the IMF in Washington monitors global monetary policy.

New York United States South Africa U. S International Monetary Fund Washington

Gold trading sparks debate on currency impact and prices

Buckner cautions that free gold trading could disrupt currencies though it gains public interest after South Africa and IMF moves. Bache & Co. reports selling 100 ounce lots of 850 fine gold dust at $39.50 an ounce, with refined gold restricted to government or licensed buyers. Prices vary by currency and fineness. rumors of higher U.S. bids and IMF authorization appear, but officials deny them.

International Monetary Fund Bache & Co Wall Street Bache United States

SSS Tonic Promises Relief For Digestive Distress

An advertisement touts SSS Tonic as a cure for acid indigestion and stomach distress. It claims the tonic tones the stomach and aids digestion without soda or alkalizers, promising improved vigor and comfort after meals.

History of Gold Prices and Smuggling Under Depression Rules

The piece traces gold price history from 1792 to 1834 at $2067 per ounce, notes the 1933 price shift, and the $35 set on January 31, 1934. It compares international values, cites gold’s perceived wealth protection, and mentions illegal smuggling tied to current laws. It also notes a gold cube of 1.41 inches weighing one ton.

U. S France United States

Police Roundup Targets Communists Across India in Rail Strike Prep

Police launched a nationwide roundup of Communists to deter a planned railway workers strike. Detentions are allowed under suspicion as hundreds in Hyderabad and major cities face arrests, while Master Tara Singh of Akali Dal is arrested separately at a New Delhi railway station during a banned meeting.

Bombay India Hyderabad Surat Baroda Trichinopoly Benares Nagpur Calcutta New Delhi Tara Singh Akali Dal

Duke Dominates Virginia In Charlottesville Swim Meet

Duke University swimmers won seven of nine first places to defeat the University of Virginia 42 to 33 in Charlottesville.

Charlottesville Duke University University of Virginia

Also Mentioned on This Page

Buckner William P. Buckner San Juan Puerto Rico International Harllee Aklai Dal DUKE Desiguer VOUUE Duchess Plains
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