Sugar Prices Surge Reaches Six-Year High in AP Survey
The Associated Press report shows sugar prices rising to $2.84 for a five pound sack, up from $1.42 at year start, lifting a 14-item market basket and delaying a 1 percent October drop. Sugar demand drives the global price surge. Cities surveyed include Albuquerque Atlanta Boston Chicago Dallas Detroit Los Angeles Miami New York Philadelphia Providence Salt Lake City Seattle.
MENTIONED IN THIS ARTICLE
Associated Press
Albuquerque
N.M
Atlanta
Boston
Chicago
Dallas
Detroit
Los Angeles
Miami
New York
Philadelphia
Providence
R.I
Salt Lake City
Seattle
Salt Lake
British Seamen Hit One Day Strike Over Ship Crews
About 12,000 British seamen began a one day strike halting most shipping from England to protest Cunard plans to flag ships in the Bahamas and hire lower paid foreign crews. Townsend Thorenson ferries canceled channel crossings while Sealink cut continent service by half using French and Belgian crews. The NUS says no British port sails during the stoppage with full member support, though only 12,000 are involved due to legal limits on overseas strikes.
MENTIONED IN THIS ARTICLE
London
England
Cunard Line
Townsend Thorenson
France
Britain
Sealink
John McGill
National Union of Seamen
NUS
Furniture Market Shows Cautious Buyer Confidence
Observers at the Southern Furniture Market in High Point report increased buyer confidence in the economy and a cautious restocking of inventories. Attendance this weekend matches last year though below the 1978 peak as high credit costs and tight lending linger from earlier recession fears. Leo Kahn of Kincaid Furniture notes improving retail sentiment despite ongoing high prime rates and prior credit restraints.
MENTIONED IN THIS ARTICLE
High Point
N.C
Leo Kahn
Kincaid Furniture Co. Inc
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Marketbasket Comparison
William R. Wilcox
Punch
Wilcox Campaign Fund
Court House
State House
White House
Aiken County
Carrol Warner
Aiken