French Franc Crisis Deepens as Global Markets React
The franc tumbled toward crisis with a sharp fall in London and Basel ending BIS support. The pound slid to 2.3888 dollars, traders report vast francs traded unsold while the US Fed extended a 100 million dollar credit with impact not immediate. Banks in Europe resumed stop purchases amid volatility.
MENTIONED IN THIS ARTICLE
United Press International
London
Bank of International Settlements
Basel
Switzerland
Europe
US Federal Reserve Bank
West Germany
Belgium
Netherlands
France
Germany
Italy
French franc crisis shakes markets and exchange rates
International currency activity surged as small, controlled franc purchases aim to aid stranded tourists. London rates show 12.10 francs per pound while Brussels buys 10.05 francs for Belgian francs in Brussels, and New York slips to 20.12 cents. Milan closes at 115.50, down from 120. Traders warn of overwhelmed dealers as devaluation looms and Paris awaits fate. France weighs gold reserves as speculation grows over a possible devaluation.
MENTIONED IN THIS ARTICLE
London
France
Brussels
New York
Milan
RIS
U.S
Basel
Paris
Widespread Search Meld For Airplane
Navy and Coast Guard aircraft roared over the Atlantic in a massive daylong search for a Florida couple believed to have ditched their single engine Cessna off the Dominican Republic coast. Rich Goodison of Fort Lauderdale reported his fuel exhaustion and a water landing after radioing a last sighting of land resembling the Dominican Republic north coast.
MENTIONED IN THIS ARTICLE
San Juan
P. R
APSH
Navy
Coast Guard
Atlantic Ocean
Florida
Dominican Republic
Rich Goodison
Fort Lauderdale
Boken
Goodison
Singer's Son Faces Possession Charge In Local Case
A singer's son, identified as Billy Daniels, faces an arrest on drug possession charges. The hearing lists municipal officials and a George Tartare as involved, with details indicating a charged case proceeding in court.
Crack Down On Leftists In Germany
West German police stormed the administration building at Wolfgang von Goethe University in Bonn Frankfurt arresting 20 students who had occupied the building overnight. Demonstrations continued around the city as Parliament met to consider a controversial bill amid threats and unrest reported locally.
MENTIONED IN THIS ARTICLE
Bonn
UPT
Frankfurt
Wolfgang von Goethe University
Karl Marxniveray
Peter Waled
Bone
Everal
Kulhem
Coleger
Mein University
Cate
Wade
Krepp Deel
Also Mentioned on This Page
Singer
Dope
Charae
UPI
Bily Daniels
Pier’ George Tartare
Abil Ly
Luet
Jewel
Parner
Edi
Tut
Magnavex Model FM
Teberege
Autoren
Korea FM
Paek Uren
Tem
Mognaves
Beng Sen
Coe Tome
Magnavox
Magnaven
Autheater
Alaul
Matt
United States
Ma Hs
Sereer Swtvel
Conderosa
Ponderosa
Mation’s Weather
Garren
Des Brees
Peperet
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!