Gold price rise and US steps to protect gold reserves
Gold on the London market edged higher after a period of levelling as the United States broadens measures to deter foreign draining of American gold reserves. In August the Exchange Stabilization Fund added 28 million dollars to holdings while Treasury reserves held steady. In September London prices rose 30 cents an ounce and this week reached 35 dollars 11 25 per ounce with the official US Treasury price at 35 dollars. Foreign central banks may buy US gold, and past pressures in 1960 showed reserves can fall when prices climb.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
London
U.S
U.S. Exchange Stabilization Fund
Treasury
US Treasury
London Free Market
US gold reserves steady as IMF helps shield Treasury
The Federal Reserve Bulletin shows end of August totals including reserves rising to 15.657 billion dollars from 15.633 billion in August 1963, with peak in April 1964. US authorities credit a club of 10 leading nations and IMF support for limiting currency drains. The IMF arranged a new 100 million in currency swaps, bringing total swaps to 400 million. These swaps let foreign central banks exchange currencies for dollars, reducing gold purchases.
MENTIONED IN THIS ARTICLE
Federal Reserve Bulletin
U.S
Treasury
International Monetary Fund
United States
Bees in Your Auto and Deep Tone Towels Care
Dear Polly offers tips on bee in a moving car avoidance using cloth to swat and shake out intruders. Also shares laundry guidance for deep toned terry towels including color run guidance, proper rinsing steps, water temps, and avoiding ironing to maintain softness and fluff.
MENTIONED IN THIS ARTICLE
Polly Cramer
Terry
Polly Pointers and Homemaking Ideas Spotlight
Readers send homemaking tips to Polly at the News-Post for a chance to win a silver dollar if Polly uses the idea. University officials note planning for conferences and adult education programs at University College, with centers and extensions across the state and overseas. A Fort Pierce pharmacist was cut by a falling wash tub, needing stitches after the accident in a utility room.
MENTIONED IN THIS ARTICLE
Polly
News-Post
University College
Fort Pierce
Fla (Ap
Joseph Adair
Adair
Education Center To Open This Fall In College Park
The University of Maryland announced a 2 million dollar adult education center, about 98 percent complete, set to open later this fall. It will house about 200 people overnight, with a coffee shop, kitchen, dining rooms, offices, and conference rooms on the first floor, and 116 air conditioned guest rooms with private baths on the top four floors. local motel owners have complained about the new facility.
MENTIONED IN THIS ARTICLE
College Park
University of Maryland
Also Mentioned on This Page
Business Review
Pearre’s
South Market St
Dlrty
the News
Frederick
Maryland
Doan
Sears
Sears’ Roebuck and DO
Seeles
Mee
Sas
Sears Thrifty
Sears and
Save
Nyion
Brush
West Patrick ST
Vince
Galion
Gil Routzahn
East Patrick ST
Siegler Oil
Siegler
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