French Devaluation Shifts Market Tone on Gold and Stocks
The French franc devaluation signals short term stock market weakness but bullish moves for U S and South African gold shares. The event prompts immediate scrutiny of the pound, the Deutsche mark, and IMF SDR plans as traders brace for further volatility and potential downside tests.
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U.S
London
Washinton
Kiesinger
United States
South Af
Reserve Uni
International Monetary Fund
Nixon pledges ABA backed federal judge picks
President Nixon aims to name a record 120 federal judges in his first year and will not proceed without ABA recommendations. Deputy Attorney General Richard Lichtman relayed the stance to the ABA Judicial Selection Committee as Bernard Segal praised the rising caliber of the federal judiciary.
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Dallas
UPI
Nixon
Tomake
American Bar Association
ABA
Judicial Selection Committee
Depty Atty
Richard Lichrendienst
Bernard Segal
Philadelphia
Johnson
Man directs own rescue as grinder maims worker
Pascual Moreno, 24, directing his own rescue from a rock crushing machine eight miles west of Mexico City, freed himself after the rollers crushed his legs and abdomen. He died later on an operating table while his wife and infant watched in horror.
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Mexico City
UPI
Moreno
Pesticide Program to Cut Back Use of Persistents
The Agriculture Department plans to curb or stop several pesticides after a month-long review. On July 9 it suspended programs using persistent pesticides such as DDT and Dieldrin across forests airports and state cooperatives. Some uses will be replaced by less toxic chemicals or reduced in volume with supplemental methods.
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Washington
International Monetary Fund
U.S
Japan
Germany
Italy
Natomas Nyse
Natomas
Judas Goat
Avnet Nyse
Glen Alden Nyse
RKO — Stanley Warner Schenley
Playtex
UPI
Thegriculture Department
R. J. Anderson
Department
Agricultural Research Service
Anderson
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