Gold policy shifts amid IMF and dollar measures
An emergency meeting outlined moves to curb gold market use by speculators and expand standby credits. Britain gains 1.4 billion with IMF backing, total credits to 4 billion, plus US swap lines worth 2.275 billion across seven nations and BIS. Calibrations aim to stabilize dollar value and preserve U.S. gold stock. IMF backing followed.
MENTIONED IN THIS ARTICLE
Britain
International Monetary Fund
U.S
Bank For International Settlements
Emer
Dollar Crisis Means Higher Taxes and Priced Imports
Article outlines how demonetizing gold and U.S. monetary policy will raise taxes, increase mortgage and loan costs, push up living expenses, and tighten credit. It warns of higher interest rates, cheaper savings, and possible wartime price controls, linking policy shifts to import costs and federal spending cuts.
MENTIONED IN THIS ARTICLE
U.S
Congress
Federal Rowe Reserve System
World monetary crisis tests markets as gold markets close
The global monetary system faces its gravest crisis since World War I with exchange rates unsettled. The Bank of England closes the London gold market until April 1 while world FX markets open, testing if stability will return. France abstains from weekend talks, unable to profit from its gold board and adjust via dollars at the U S Treasury. Experts warn the free gold price may rise above 35 dollars but doubt it reaches 40.
MENTIONED IN THIS ARTICLE
Federal Reserve System
U.S
U.S. Treasury
Federal Reserve
New York
Bank of England
London
France
Double Gold Market Results Wedding Rings and Costs Rise
The Treasury ends private gold purchases and sets a new price system. Domestic users must buy from U.S. producers or foreign markets at market price, potentially raising costs for wedding rings jewelry and dental work. Gold can be exported and sold to foreign buyers with licenses, while U.S. citizens cannot hold bullion.
MENTIONED IN THIS ARTICLE
U.S
Paris
Treasury
United States
Treasury Department
Editor Roasted in Deserter Ruse in Stockholm
American journalist William Russell says he and U S consul were pushed aside by two deserters and two Swedish women during a staged propaganda photo move at a Stockholm hotel. An Embassy official, Miss Patton Lindsley, and Merle E. Arp were also involved in the setup. Russell called the incident a clever trap meant to smear the U S Embassy by showing it aiding deserters.
MENTIONED IN THIS ARTICLE
Stockholm
U.S
William Russell
Army Times
Russell
US. Army
Ray Jones
Germany
Dodgson
Ballinger
Tex
Arp
Miss Lindsley
Dodson
Russel
Yorty on Trip to East Coast
Los Angeles mayor Sam Yorty flew to Philadelphia to tape an interview for the Mike Douglas television show on Sunday.
MENTIONED IN THIS ARTICLE
Yorty
Los Angeles
UPI
Sam Yorty
Philadelphia
Mike Douglas
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William McChesney Martin Jr
U.S. Federal Reserve Board
Statement Auditorium
Federal Reserve Building
Martin
Belgium
West Germany
Italy
Netherlands
Switzerland
Pierre-Paul Schweitzer
Gabriel Ferzas
Basel
Schweitzer
IMF
Etary
Macchesney Martin
Washington
Goldsmiths
Bsqeoretech
Inet Dkee
Nrametown
Singer CO
Cewatews
Long Beach
Pine
Magnavox Ee
Singer
Wilshire
Coronado
Fontana
Tampico
Durango
Broadway
THE
Moderna
Sea Aites Center
Singer Today
Maggmernvere TV
del Ame Center
Hawthorne Bird
South Coast Plaza
Bristol St
Hartington Beach
Heatington Center
Garden Grove
Chapman
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