T H E N O M E N U G G E T
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone Main 125 $1.50 PER MONTH
P.O. Box 610 $16.00 A YEAR
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
Entered as second class matter October 14, 1943, at the
post office at Nome, Alaska, under Act of March 3. 1879.
Subscribers not receiving their paper by 5:30 p.m. caE
Main 125 for special delivery. After 6:00 call Black 125.
YACHT DENALI TO BE
MOVED TO JUNEAU
SEATTLE, (/FI—The well known
Seattle yacht Denali now is lying
-on Lake Union awaiting the voy
age north to her new home in
Juneau.
Glen R. Craig of Spokane pur
chased the 81-foot, twin-screw
boat and had her rehabilitated at j
the Marine Construction and De
sign Co. here. Craig also has
bought a boat shop in Juneau. He
plans, to i operate "the Denali-there
for pleasure and charter.
Built in 1926, the Denali re
putedly was once owned by “Scar
face Al” Capone on the east coast.
WEATHER FORECAST
Continued fair and colder. Low
temperature expected tonight 15
to 20, the high tomorrow 35 to 40.
In the past 24 hours: highest
temperature 4, lowest 22. Sunrise
•at 5:51 a.m., sunset at 5:59 p.m.
A year ago today: highest temp.
52, lowest 35. Extremes on this
date since 1907: highest 58 in
1929, lowest 18 in 1948.
NOTICE TO SUBSCRIBERS
Due to new school schedules
newsboys get out later than here
tofore. Delivery of The Nugget
will be later than in the past but
should reach all subscribers be
fore six o'clock.
If not received by that time
please call Main or Black 125.
I
SAFE VAN-PACKER CHIMNEY
SAVES MONEY, TIME, SPACE
Home builders save to 40% with _
this permanent masonry chimney ^1
• Low cost — Saves up to 40% in time • ■
and materials costs over brick chimneys
e Easy to install — Everything provided,
in packages; goes up in only 3 hours
e Sale, permanent — UL listed for all
fuels; masonry flue, fireproof housing
e Saves space—Ceiling suspension elimi
nates need for chimney foundation
Call Werner Bohrer at
Northern Metal Works
Main 115 — Black 115 after 5 p.m.
Federal Mineral Lease Payments
Total $6,876,792 Since Statehood
JUNEAU, OPI—A $1,390,882 U.S.
treasury check was presented to
Gov. Egan by J. M. Honeywell of
the BLM Wednesday.
The check constituted 90 per
cent of the total revenue collected
under provisions of the mineral
leasing act for the first six months
of 1960. The check brought the
the total such payments; to"Xlaska
since statehidOfl* to $6,876,792.
Russian Doctors Tell of Replacing
Eye Lens with Glass Substitute
MOSCOW, OB—The Soviet news
agency Tass told of a rare opera
tion in which a surgeon replaced
a defective lens of a human eye
with a flexible glass substitute.
The operation was performed
on Lena Petrova, schoolgirl blind
in one eye since the age of two.
Pravda, the Soviet Communist
party organ, reported that the girl
regained half the sight in the
blinded eye seven days after the
operation and 70 per cent vision
after 12 days.
NOME SANITARY
SERVICE
Phone Main 1
P. O. Box 460
Foreign Buyers
Reduce America's
Gold Reserves
WASHINGTON, UP) — Foreign
buyers reduced America’s gold
| hoard by another $181 million in
; the past week and some officials
! foresee a heavier drain in the
weeks ahead.
Nevertheless, these officials say
there is nothing particularly wor
risome agout the situation. They
note the United States has ample
gold to back its currency and in
addition should be able to fill
foreign orders for the foreseeable
future.
The Federal Reserve reported
yesterday that the U.S. gold stock
stood at $18,758,000,000 as of last
Wednesday. This represented a
drop of $564 million since July 1,
compared with a decline of only
$134 in the first six months of
the year.
Since SI 1.5 billion of gold is re
quired to back the nation’s money,
there is a surplus of $7.2 billion
which can be used to fill foreign
orders.
The U.S. gold outflow will be
discussed next week at the annual
meeting of the International Mon
etary Fund and the World Bank.
The conversations will focus on
the two basic causes of the out
flow:
1. The fact that European in
terest rates are markedly higher
than those in the United States.
This is prompting a transatlantic
movement of dollars toward the
higher rate. As these dollars fall
into the hands of European cen
tral banks, a certain proportion
of them is used to buy gold.
2. The persistent deficit in the
United States’ balance of inter
national payments. For the third
straight year, the United States
is spending, lending and giving
away abroad several billion dol
lars more than it is receiving
from foreign sources. Sou}e of this
surplus also is;lbeing converted
into gold.
Muph,.,.of the money seeking
, Ipigljjer interest rates has moved
to Britain, where the Bank of
England invariably converts the
bulk of its dollars to gold.
Now the London price is slight
I ly above the American standard
of $35 an ounce, which may
prompt more gold purchases from
the United States.
Suspicions Confirmed!
| LOUISVILLE, Ky., (tf> — Re
I member when the drill sergeant
yelled: “Get those shoulders back!
Suck the stomach in?’’
A professor of orthopedic sur
gery says that’s unhealthy.
Dr. Paul Williams of South
western Medical College, Dallas,
says shoulders forced back “put
even more pressure on the lower
spine, which is already curved in- j
ward. Constant pressure in that
area will make the discs pinch the
nerves.”
He spoke at a meeting of the
Kentucky State Medical Associa
tion at which no drill sergeants
were present.
Call .. .
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