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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 31, 1973
Page
14
The dollar and the pound strengthened on Monday after Germany eased tight money conditions that had threatened a monetary crisis. German actions reduced Euromark lending rates, pushed the pound to about 2.6125 dollars before settling, and boosted the dollar with support from the New York Fed.
A rough ad style claim promotes FASTEETH Powder to improve denture stability and comfort. It asserts dentures stay in place longer, allow steadier bites, and help eating feel more natural. It urges reader to see a dentist regularly for health.
San Francisco based Societe Financiere Europeenne released a midyear view forecasting a tentative U S trade balance recovery and a guardedly optimistic world monetary outlook. It warned that steps to strengthen money markets are not yet enough for lasting stability while inflation may stay lower in the U S and rates rise into 1974.
Peter Peterson, former secretary of commerce and Nixon trade envoy, will become chairman and chief executive of Lehman Brothers. He succeeds Frederick Ehrman who has led the firm since 1970. Peterson is 47 and will steer one of the world's top investment banks.
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