Time Clock, may 25, 1959

GOLD PRICE RISE on London market to $35.145 an ounce, close to record, has been spurred by speculation U.S. Treasury may raise gold price above official U.S. rate of $35.0875 because of outflow of U.S. gold (TIME, May 18). But Treasury has no intention of doing so.

MANDATORY OIL QUOTAS are

sharply cutting imports. They were 1,310,000 bbl. a day in April v. 2,310,000 bbl. a day in March.

MINIMUM WAGE LAW for about 2,500,000 retail and service industry workers not currently covered by legislation will be pushed by Labor Secretary Mitchell. He wants $1 an hour minimum to cover enterprises with 100...

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