Hughes Interest May Reopen Silver Mines
Las Vegas dispatch notes Howard Hughes paid several million dollars for more than 30 silver and gold mining claims totaling over 10 000 acres in Nevada. Rising silver prices revive interest in reopening hundreds of idle mines once shuttered during the 1930s downturn.
MENTIONED IN THIS ARTICLE
Las Vegas
UPI
Nevada
Howard Hughes
Lepori¢ Hughes
Bele Tabli
Dean
Desert Raphel
Fabbi
Hughes
IUS
Senator bills regulate utilities amid price myths
A senator from six states presses a measure to regulate essential utilities, arguing that guest regulation is mythical because firms aren’t required to reveal enough information. Analysts note consumers were overcharged in 1967, while mining and silver markets spark debate on future supply and policy.
MENTIONED IN THIS ARTICLE
Congress
Metrall
Senate
Martin Sharpest Drop Since Jan 6 Feels Market Wide Slide
New York stocks fell sharply as investors priced the possibility of a surtax extension beyond June. Analysts cited inflation fears and monetary policy as the main forces behind the decline. On the NYSE and ASE, declines hit steels, motors, and oils with notable blocks and losses across multiple issues.
MENTIONED IN THIS ARTICLE
New York
Ile
USA
Thos
Paul W. McCracken
Nixon
Senate House
Federal Reserve Board
New York Stock Exchange
Bell, Steels, Motors
GA & Western
Marehan
Contin
American Stock Exchange
Nixon Aide Bares Fight on Inflation
Washington APL President Nixon's chief economic adviser outlined a major anti inflation effort intended to curb rising price levels without triggering significant unemployment. Paul McCracken testified that reductions in inflation may slow the economy in early 1969, while warning that inflationary pressures could persist and that budget cuts could affect the outlook. He noted that the American economy features high output per capita with many enjoying high living standards despite inflation.
MENTIONED IN THIS ARTICLE
Washington
APL
Nixon
Paul W. McCratken
Presidents Council of Economic Advisers
McCracken
Senate House
Joint Committee
Jolutson
Lydon Johnson
McCrecken
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