Word: perring
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Dates: during 1960-1969
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...worth of newly mined metal that has piled up in 400-oz. bars in a refinery near Johannesburg. That cache has been accumulating since March 17, when the bankers stopped the speculative run on gold by creating today's two-price system. Under that arrangement, the historic $35-per-oz. price continues for official transactions among nations; for speculators, hoarders and industrial users, the price was freed to find its own level in the marketplace. To make the system work, the central banks agreed to buy no newly mined metal. They also agreed to sell no gold whatever...
...dollar. The result has been a six-month war of nerves. South Africa has stashed away all but a tiny bit of its mines' output. Meantime, it has done its best to persuade the 111-nation International Monetary Fund to buy some of that metal at $35 per...
Sixteen new office skyscrapers have one up so far, including the 26-story City National Bank building and Occidental Life Insurance's elegant 32-story center, to which the company is currently adding an annex. The scramble for sites has lifted land prices from $20 per sq. ft. five years ago to as much as $100 today, but businessmen seem undeterred. "The more there is, the more will happen," predicts Architect William L. Pereira. Honolulu's Dillingham Corp. plans a 1,000-room hotel, and the Broadway-Hale department-store chain is snapping up a site...
Without a murmur of dissent, RUS made a resolution yesterday to match Harvard's parietal extension to 72 hours per week. Unanimous approval is expected at next Thursday's meeting...
Morse came out of last May's Democratic primary in bad shape. He defeated his hawkish opponent, former Congressman Robert B. Duncan, but only by a razor-thin margin. His vote, less than 50 per cent of the total, was the poorest showing of his political career: even in his most difficult early days, as a Republican Senator who was too liberal for the old guard in his party, Morse never encountered so much opposition...