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Independent in Long Beach, California

04 Jan 1975

Page 19

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Independent January 4, 1975 Page 19 old newspaper archives

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Jan 04, 1975

Page

19

Banks hedge on gold and inflation myths

AP analysis notes banks avoid retail gold sales as inflation fears persist. Economists from First National City Bank argue gold is not a reliable inflation hedge, citing 1933 1968 price controls and later market shifts, and warn that in a collapse cash or government securities remain safer while buried bullion offers practical recovery via security and weapons.

MENTIONED IN THIS ARTICLE

New York Economic Week First National City Bank Franklin D. Roosevelt NASD Clot Midland Monterey alWatSvc Ampus Cas annonMills NewberyEn Nucleonic Prodrive Beneficial Ltd CalWestlife CocaCola Colony Kitchen Congress General Pac Amerind rumFostr Elect PacCoast PacCoast Medic Empire General Cornet Stores PacFarEast Wa FarmersGrp Dana Labs PacGamRo Data Design Lab Pacint Idetty Cp FirstAmFin Datum Inc Pac Colony Delta Califind Pac Pauley Petrol Ta! DeluxChk Pr . Ie Oh PenGasWat inLife Pilasmachem NatWesin EconomLab Productal Eldon Industries Va Pvo Inter PhilaLife PennLife Quotron Paul Cos Elpac Inc Raypak Seae Safeco Co Envirodyne Inc Edken Sovereign Lite Erie Technol Surety Life Ernest Hahn Revell Vico Corp Zenith Nat Insi Fami Sea World Ssay CenBanking ForBetterLuv Sernco City National Fred Holynd ShakleeCorp Secur Fritzie Calix Pac Industr Gen Automation Urce Cap Santa Monic Gen Health Soc serceCa SecurPacCo GenTel Hawthorne Jerk Harvest Ind Mercury Hyster Tannetics Inc S Intermark Incomuno Science Technicare Corp Acme Jalinti Alumin Tecumsh Acushnet IntSys&Cont Telemation de Air California Intl Video Corp Va Textonevn Kaiser St Pf Transocean Oil Amer Greet KamanCorp Triane Corp Ve Amer Marine Ltd We Kansas Aj Tricorod la An Dal Keystone Cu Ba YI Tridair Indust Am Telecom Knudsen United Comp Cp Anadite Inc Kratos Inc US Bancorp Anhust Busch Laufer al Kotzin Lawrys Fds Vagal Id APS. Inc Vanier Graphics Arden Linc Mort Viking Indust Argo Petrole Linda CedarHo Arrow Hart Lurmberman Acc Barnes Hind Ph Wi Macrodata Corp Barrys Jewelers Magma Energy ci Weeden&Co Weatherfrdrv BainessMkts A Magma Power Uv WesternGear Bazar Inc Mallinckrdta WesternPac Delta Johnson Keystone Balan Vis York (Ap Dodo Cox Drexel Dreyfus Grotus Taeee Levi Mans Woinl Dealers, Inc Lerge Sol Inc GMNL Eagle Polar Eaton&How Balan Lexington Incom Adm Inc Setna FE Elfun R Loomis Say Pace Atuture Fairful Energy Capital W.L./Snear AilAam Fam NL Incom Apore Allstate Fidelity Group SNC Jord Affilta Invest Alpha & Bus Sherm D Amcap Capit Amer Express Essex Si US Gov Trust Incme Det Indep Eaty Mass An Mass Finney N.L Mates Viantom & 300 Fst Mathers Resro Disco Steagman Audas Aming Axe Berger Wie Flem Mutual Invest WL Fai Jari Ss An Sanl Blc Grin Ad Gth Groth Incom Stein Roe Babson Founders Group Mut Sirs Alan Ayrk Fa Ind Grath Nat Secur Incom Balan Franklin Groups Bondsix Bos Grath Omva Calvin Bulioce Bulich Twec Inc NL Ria Nieuw Cersien Im Chaening Nichis Balan Suru Mer United F Gr & Chase Imre Cedion
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San Onofre outlines expansion plans and early construction

Edison and Southern California Edison announce the San Onofre Nuclear Generating Station expansion adding two 1 140 000 kilowatt reactors near San Clemente. First reactor targeted for 1980, second for 1981, with total project cost about 1.6 billion and peak site employment around 1700.

MENTIONED IN THIS ARTICLE

San Onofre Southern California Edison Co Edison San Diego Gas & Electric Co San Clemente SCE San Onofre Unit 1 Southern California Edison San Diego Gas & Electric
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Alaska's Pipeline Work Becomes Reality in 1975

The Trans Alaska Pipeline advances toward full construction in 1975 with road and camp development in 1974. Alyeska and contractors mobilize equipment for a nearly 6 billion project, building 29 camps, extending roads, and preparing the Valdez marine terminal for mainline pipe work beginning mid January.

MENTIONED IN THIS ARTICLE

Alaska Trans Alaska Pipeline Alyeska Pipeline Service Co Yukon River Prudhoe Bay State of Alaska Alyeska Ft. Wainwright Army Post Fairbanks Valdez
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McGraw-Hill study: U.S. businesses need nearly 200 billion for modernization

Economists at McGraw-Hill, Inc report a yearend survey showing American firms would spend about 200 billion dollars to modernize plant and equipment. They note much facilities are aging, obsolete, and unable to use modern production techniques as inflation raises costs across the board.

MENTIONED IN THIS ARTICLE

New York McGraw-Hill, Inc
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Alaska Arctic Gas Pipeline Moves Forward

The Alaskan Arctic Gas Pipeline Co. filed financial data with the Federal Power Commission for the U S segment. Total U S cost is about 590 million dollars for 200 miles from Prudhoe Bay to the Canadian border, with the Canadian leg estimated at five billion dollars for 2 400 miles. The full 2 600 mile line would total around 5.6 billion dollars with a 25 percent equity and 75 percent debt mix. Construction in Alaska planned to start November 1979 with operations slated for mid 1980.

MENTIONED IN THIS ARTICLE

Alaska Canada Alaskan Arctic Gas Pipeline Co Federal Power Commission U.S Prudhoe Bay Yukon Canadian Arctic Gas Pipeline Ltd National Energy Board Mackenzie River Valley
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Does the ax loom Do's and don'ts for threatened firings

New York based UPI reports a personnel expert says a boss who becomes too critical or suddenly stops criticizing may signal an impending layoff. He notes promotions for others and across the board pay cuts can indicate job cuts.

MENTIONED IN THIS ARTICLE

New York UPI Robert Hall Hall
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Also Mentioned on This Page

John Cunniff Buck Lanier Dick Howland Long Beach Calif Independent, Press-Telegram Ay Leroy Pope UPI Business Writer
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