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 or more employees, which use $1,000,000 annually in goods involved in interstate commerce. The Administration proposal will go up against the Kennedy-Morse bill, which would boost the minimum wage to $1.25 an hour, add coverage to include 7,800,000 employees of businesses with gross annual sales of $500,000 or more.

RECORD BRITISH EXPORTS to U.S. last month rose to $100,520,000 from previous high (last January) of $73,920,000. Reason for the jump: increased car shipments, which account for nearly one-third of total. By contrast U.S. exports abroad continue to lag.

NEW YpRK-TO-ANCHORAGE nonstop air service once weekly will be started by Northwest Airlines on June 1. New great-circle flight on DC-7Cs will continue to Tokyo, cut seven hours' flying time from New York-Tokyo run.

ANDREA DORIA-STOCKHOLM claims have been settled for total of $6,000,000 in record time (34 months) for a major sea collision. Originally, 3,322 claims against vessels' owners totaled $116 million.

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