Europeans fixated on gold as crisis looms in Europe
In Paris, C L Sulzberger notes Europe frets over gold and dollar strength as de Gaulle resists NATO realignments and France doubles its gold holdings. Washington faces deficits from Vietnam and foreign aid, while investors weigh gold revaluation and shifts in global trade dynamics amid an unsettled gold market.
MENTIONED IN THIS ARTICLE
C. L. Sulzberger
Paris
Europe
NATO
Vietnam
France
Britain
U.S
United Stat
Raymond Aron
Sorbonne
Escudo
Portugal
Cruziro
Brazil
Bertrand de Jouvenel
Aron
de Gaulle
U.S.A
World monetary shift amid talks of gold standard suspension
The article discusses potential U.S. moves to suspend gold-dollar convertibility as a first step in financial reform. It notes Moscow's request to insert a gold clause in Soviet-Japanese dollar trade and examines possible effects on European currencies and regional industry amid changing global trade finance.
MENTIONED IN THIS ARTICLE
U.S
Washington
Moscow
Tokyo
U.S.A
Europe
Outlook for 1968 Washington Wall Street Not Together
Washington projects a bullish 1968 with a $50 billion rise in output to at least $835 billion and a wave of prosperity. Economists forecast GDP near $835 billion, while some bankers warn higher taxes, tighter money, and spending trends temper optimism. Wall Street remains cautiously optimistic as 1967 ends with record volume and major indexes up, despite FEC credit tightening.
MENTIONED IN THIS ARTICLE
Alexander B. Trowbridge
Johnson
Trowbridge
Washington
Ackley
Gardner B. Ackley
G.N.P
Federal Reserve System
FEC
White House
Congress
Wall Street
New York Stock Exchange
Standard & Poor
Manpower proposal rapped by small employers poll
A National Federation of Independent Business poll shows 72 percent of independent businessmen oppose the proposed Employment Service Act of 1967, 22 percent favor it and six percent undecided. In West Virginia, 33 percent support, 62 percent oppose, and 5 percent undecided.
MENTIONED IN THIS ARTICLE
Lator Department
National Federation of Independent Business
West Virginia
Paul Spencer Promoted to Purchases Director at Eastern Coal
W. Paul Spencer of Pittsburgh has been promoted to director of purchases for Eastern Associated Coal Corp of Pittsburgh effective January 1. He joined the firm in 1945 and rose through the purchasing department to senior buyer assistant purchasing agent and purchasing agent before this promotion.
MENTIONED IN THIS ARTICLE
Paul R. Bridges
West Virginia
Mellon - Stuart Company
Pennsylvania
W. Paul Spencer
Pitts- Pittsburgh
Eastern Associated Coal Corp
Pittsburgh
Mr. Spencer
Eastern
First Continental Currency Dollar Coined in 1776
The Continental Currency dollar of 1776 was likely struck in Birmingham England and served as the first U S coin to establish a common monetary unit for the states.
MENTIONED IN THIS ARTICLE
United States
Birmingham
England
Motor Fuel Usage Tops 1967 State Record
West Virginia motor fuel consumption reached 627,791,000 gallons in 1967, up 3.8 percent from 1966 according to the West Virginia Petroleum Association. Chairman Donald Farrington noted higher use means higher tax receipts, with the seven cent state levy forecast to raise about 43.92 million dollars, excluding the four cent federal tax.
MENTIONED IN THIS ARTICLE
Charleston
West Virginia
West Virginia Petroleum Association
Donald Farrington
Association
New York Times Business Activity Index Rises
The weekly index of business activity increased to 325.4 last week from 317.7, with the year-ago level at 323.8. The accompanying table lists the index and its components, all adjusted for long-term seasonal trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Mortgage Rates For Homes Rise in November
The federal housing data show seasonally adjusted annual rates for new home mortgage applications and for home units started rising in November. Existing home mortgage applications fell, with total applications down 16 percent to 56 000 units. Multifamily applications rose 20 percent to 12 300 units. New home applications fell 16 percent to 12 900 units, but the annual rate rose seven percent to 194 000 units. Existing home applications declined 16 percent to 43 100 units. Home starts dropped 17 percent to 11 650 units, while the seasonally adjusted rate climbed one percent to 154 000. Title I Property Improvement Loans insured fell 16 percent to 38 500. Net proceeds slid to 53.5 million. FHA acquired 3 300 units in November, down 7 percent from October and 15 percent below November 1966. Sales reached 4 133 units, down 9 percent from October but near last year.
MENTIONED IN THIS ARTICLE
FHA
Farm Prices Rally Briefly With December Uptick
Washington API reports farm prices rose 1 percent in the month to December 15, briefly reversing a downward trend. Prices were 1.5 percent below mid-December 1956 and 6.6 percent below last year’s peak in August 1966, while production costs hit October’s record. The index of prices received by farmers stood at 253 versus 250 in November and 258 a year earlier.
MENTIONED IN THIS ARTICLE
Washington
API
Agriculture Department
Labor Costs Rose Again Last Month
The Commerce Department reports November unit labor costs in U S manufacturing rose after a October dip and stand 5 percent above a year earlier. Costs have trended higher through the 1960s with slow productivity gains and rising wages pushing the index to a peak of 108.3 after a September 108.1 and October 107.7.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Garbage To Buildings Turning Waste Into Cement Blocks
Tokyo industrialist develops a process to convert garbage into cement like blocks. Robert A. Low urges using it to build an artificial New Jersey jet port island from New York City's waste. Mikie S. Oshima says Tezuka Kosan Co plans to sell at least 20 hydraulic units to cities in the US Canada and Latin America with a San Francisco contract negotiated.
MENTIONED IN THIS ARTICLE
Tokyo
Robert A. Low
New York City
New York
New Jersey
Mikie S. Oshima
Tezuka, Kosan Co., Ltd
United States
Canada
Latin America
San Francisco
Also Mentioned on This Page
Salvador Dali
Jacques Reuff
South Africa
Russia
Business and Labor
Washington Wall Street
Paul Spencer
Cheryl Blaurock
Akron
NY Times Index
New York Times News Service
Federal Housing Administration
Lawrence F. O’brien
Thomas Jefferson
Air-Mail
Investors Diversified Services, Inc
Investors Selective Fund
Lamont C. Morton
Fairmont
W. Va
Best
Farmers’ and Merchants Bank
Morgantown
F.gm
Servic Bank
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!