Stock Prices Slump After Gold Buying Sparks Market Selloff
In New York on Thursday sharp stock declines followed gold buying in European markets and rumors of Fed credit restraints. The UPIs index fell 2.26 percent with 1507 issues down, led by IBM and City Investing, as gold stocks and other sectors also softened amid tight money fears.
MENTIONED IN THIS ARTICLE
New York
UPS
Federal Reserve Board
United Press International
Savings and Loan
Great Western Financial First Charter Financial
Wesco Financial
Electronics
IBM
Allis-Chalmers
Moore McCormack
Steels Motors Chemicals
airBnes
Polaroid
American Exchange
William Broome
State Road Department
Planning Board
Dogwood Avenue
Niceville Proclaims April Clean-up Days
Niceville Mayor Walker Spence proclaimed April 2 through 28 for a Clean-up Fix-up Paint-up campaign. The council urged all residents to support the effort to improve the city’s appearance for residents and visitors.
MENTIONED IN THIS ARTICLE
Spence
Daily News Bureau
Niceville
Walker V. Spence
Elmore to Address Crime and Law Enforcement Conference
Rep Elmore and Circuit Judge William Frye announce a one day conference at Fort Walton Beach Municipal Auditorium. Sessions run 9 1030 on criminal rehabilitation and 11 1230 on new Florida Minimum Standards for Law Enforcement. Speakers include Jack Ledden and Rep Elmore. Free admission with Dutch Treat luncheon to follow. Contact Frye 243 7031 or Chief Williams for details.
MENTIONED IN THIS ARTICLE
William Frye
West Florida
Jack Ledden
Kirk
Florida Council On Law Enforcement
H. D. Elmore
Okaloosa County
Judge Frye
Fort Walton Beach
Jimmy Williams
Crestview
Ray Wilson
Sheriff's Office
McCarthy Kennedy clash risks Vietnam policy split
Senator McCarthy shows cool stance toward a Kennedy presidential bid while Kennedy's office runs like campaign HQ. Wisconsin April 2 primary could shape Johnson renomination amid crossover votes and unregistered party lists. The gold crisis spreads as U S gold reserves are released and combat deaths top twenty thousand in Vietnam. Ky backs invasion plans if North is invaded. House Ethics Committee proposes conduct guidelines with conflict of interest rules. Fowler urges a major tax increase within 36 days to address global gold turmoil.
MENTIONED IN THIS ARTICLE
Eugene McCarthy
Bobby Kennedy
Johnson
Sen
Kennedy
Wisconsin
Capital Hill
House Ethics Committee
House
Henry Fowler
Congress
New Spa Op Pbarbhive
Congress Freeing Gold Reserves Bill Clears Senate
The Senate sent to President Truman a bill ending the 25 percent gold reserve requirement for federal notes. It would free about $11.4 billion in U S gold to maintain $35 per ounce convertibility and curb European speculation, with critics warning of quicker gold drain and higher domestic costs. The Federal Reserve rate was raised to 5 percent as Britain halts markets for a London gold meeting.
MENTIONED IN THIS ARTICLE
Washington
Senate
Johnson
U.S
Federal Reserve
Congress
Nixon Lifts Veil Slightly On His End War Plan
Nixon hinted at a diplomacy to end the Vietnam conflict tying U S involvement to South Vietnamese willingness to defend their country He urged aiding South Vietnam rather than fighting it for them and warned that without burden sharing they cannot be saved Kennedy weighed entering the race as Democrats fret over a possible challenge McCarthy adds Indiana and South Dakota to his primary slate to offer voters a Johnson Nixon choice
MENTIONED IN THIS ARTICLE
United Press International
Richard M. Nixon
Robert FL. Kennedy
Johnson
U.S
Vietnam
South Vietnam
Nixon
Richard Hieindienst
Phoenix
Ariz
Barry M. Goldwater
Kleindienst
Kennedy
UPI
Oregon
California
Eugene J. McCarthy
Minnesota
McCarthy
Indiana
South Dakota
Bobby
Richard Hughes
New Jersey
Richard Daley
Chicago
Nixon Campaign Moves Through Wisconsin With Rally
Nixon opened a three stop Wisconsin visit drawing about 2500 at Marshfield Armory. He claimed New Hampshire results show millions of Democrats will join independents and Republicans to elect a Republican president in November. He urged attendance at the April 2 Republican primary.
MENTIONED IN THIS ARTICLE
Marshfield
Wis
Richard M. Nixon
New Hampshire
Nixon
Wisconsin
Marshfield Armory
America
United States
Ronald Reagan
California
Harold Stassen
Eugene McCarthy
D-Minn
Johnson
Chicago
Ilinois
Ohio
Pennsylvania
Michigan
George Romney
Romney
Oregon
Neilson Rockefeller
New York
Rockefeller
US casualties surge as Vietnam war toll nears twenty thousand
Saigon reports 509 American deaths and 2,766 wounded in the last week, the costliest period of the war. North Vietnamese and Viet Cong losses are tallied, with 418 South Vietnamese casualties and 94 missions in heightened activity during the Tet offensive response.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Vietnam
Hanoi
Haiphong
South Peen
U.S
Hanoi-Haiphong
South Vietnam
Khe Sanh
Viet
Stock Exchange Opens As Usual After Bank Holiday
New York Stock Exchange spokesman said the exchange will open as usual in the morning and that a public announcement will follow if the situation changes. The note came after London banks and exchanges closed for a holiday on Friday.
MENTIONED IN THIS ARTICLE
NEW York AP
New York Stock Exchange
London
Exchange
Eglin AFB Starts Project Transition for Civilian Life
The Department of Defense launches Project Transition at Eglin Air Force Base to maximize in service training and education for airmen preparing to leave the military. Master Sergeant Ellen M. Barton leads the program, offering on and off base courses from welding to electronics and forestry, with emphasis on career planning eight months before separation.
MENTIONED IN THIS ARTICLE
Eglin Afb
Department of Defense
Ellen M. Barton
Eglin
DOD
Barton
Vitro
Local Employment Commission
Base Education Office
General
Post Office Department
Kirk to Open I 10 Link Ceremony in Pensacola
Governor Claude Kirk will speak at a ceremony to open the I 10 section between Pensacola and State Road 7. The event is set at the western end of the Escambia Bay Bridge in Santa Rosa County at 2 30 p.m.
MENTIONED IN THIS ARTICLE
Claude Kirk
Pensacola
Escambia Bay
Santa Rosa
Escambia County
Loose Dogs Plague Okaloosa Island Residents
At the Okaloosa Island Board meeting plans to curb loose dogs and spare utility poles were discussed. Island managers note no legal authority to remove dogs. Humane Society can pick up dogs for 35 per call when staffed on the Island.
MENTIONED IN THIS ARTICLE
Marilyn Fall
Okaloosa Island
Island Authority
Jerry Melvin
The
Playground Humane Society
Warren Cox
Melvin
Humane Society
Cox
Hurlburt Spends Locally in February Procurement
Hurlburt Field spent 269 991 during February per Capt Thomas A Relka chief of the base procurement division. Of this amount 92 572 went to northwest Florida contractors with Pensacola 55 114 and Fort Walton Beach 18 633 and other local communities 18 672 sharing the rest. Out of state expenditures totaled 177 572. Purchases covered supplies equipment maintenance office machines automotive and aircraft components and motel billeting contracts.
MENTIONED IN THIS ARTICLE
Hurlburt Field
Thomas A. Relka
Northwest Florida
Pensacola
Fort Walton Beach
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Playground Daily News
Mack Scott
United
Scott
Bobby Thames
Givens
Rupert Miller
James Sims
William Lynn
James E. Stone
Brooks Taylor
Taylor
James Moore
John Fenner
Edgewater Garden Club
John C. Sims
Garden Club
SR Department
Rep. Elmore
Florida
Abby
News Digest
Europe
U. S
I Board
Britain
Stock Exchange
Nixson
Eisenhower
Nixion
New Eglin Project
Tally HO
Tallahassee
Donna Swords
Jett Russell
Linda Buckman
Sue Nadicks
Hurlburt
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