Unusual year end drop in Tokyo stock and dollar
Tokyo markets closed lower on the year's final trading day as the dollar fell to 136.05 yen, down 0.60 from 136.65. Spot trading totaled 5.5 billion dollars, with thin liquidity and holiday closures influencing activity. Importers settled year end, investors avoided risk amid global uncertainty and a six day holiday.
MENTIONED IN THIS ARTICLE
Tokyo
Stock Exchange
Keiji Arai
Sanyo Securities
Tokyo Foreign Exchange
Akihiko Kaie
Bank of To O
Wall Street Faces New Year Blues in 1991 Outlook
Wall Street analysts warn the economy may linger in recession into the second half of 1991 as debt retrenchment and weak data cloud the outlook. Leading indicators fell for a fifth straight month while stock indices drifted lower amid light holiday trading. Major averages declined and volume slumped, signaling cautious investors ahead.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Commerce Department
Jack Lavery
Merrill Lynch
Robert Nurock
Paoli
Banks will survive but thrifts keep shrinking
The Commerce Department foresees ongoing pressure on both banks and savings and loans in 1991 with continued industry shrinkage for thrifts. Experts forecast eventual opportunities as banks gain trading freedom while the thrift sector faces murky prospects, potentially disappearing or shrinking to smaller specialized institutions.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Wray O. Candilis
Congress
Joseph A. McKenzie
Federal Housing Finance Board
Candilis
Concentration in meatpacking threatens family farms
U.S. livestock producers like third generation Iowa farmers Joe and Mary Weisshaar warn that industry consolidation concentrates power among three meatpackers, potentially cutting out buyers and raising costs. They note high prices do not guarantee profits as ownership consolidates, with three companies predicted to slaughter 80 percent of cattle by year end.
MENTIONED IN THIS ARTICLE
Washington
Joe
Mary Weisshaar
Creston
Iowa
Weisshaars
U.S
Joe Weisshaar
Weisshaar
United States
IBP
ConAgra
Excel
Cargill
Congress
Beef loses prestige as consumers shift to healthier fare
Washington report notes a shift from red meat to vegetables fish and poultry since the 1970s. Beef markets declined as diet trends grew and industry responds with value added products and new branded beef standards from large packers including Excel ConAgra and IBP.
MENTIONED IN THIS ARTICLE
Washington
America
Marcie Hervey
National Cattlemans’ Association
NCA
Meatpacking giants face low key policy debate in Washington
In Washington a quiet policy discussion centers on three dominant meatpackers IBP ConAgra and Excel and whether further mergers should be allowed Industry groups argue for restraint while farm organizations and WORC push for antitrust enforcement The Justice Department says current deals do not violate antitrust laws reflecting a broader clash over concentration in the beef supply chain
MENTIONED IN THIS ARTICLE
Washington
Congress
Richard Gephardt
D-Mo
House
National Cattlemens’ Association
NCA
American Meat Institute
AMI
Jens Knutson
Potomac River
IBP
ConAgra
Excel
Big Three
Eee
Amet
Federal Election Committee
National Farmers’ Union
Western Organization of Resource Councils
WORC
Billings
Montana
Europe
Iowa Farmene? Coalition
Gary Lamb
Packers and Stockyards
Jeanne Charter
Justice Department
Judy Whalley
Also Mentioned on This Page
Scott & Stringfellow Investment Corp
NYSE
SIPC
Lowei Abbott Labs
Allegheny Power
Ameritech
At&t
AM. Water Works
Anheuser-Busch
Apple Computer
Ashland Coal
Ashland Oil
Atlantic Richfield
Baker-Hughes
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
C&S/SOVRAN
Cabot Corp
Carolina Power
Chevron Corp
Chrysler Corp
Coca-Cola CO
Columbia Gas Sys
CON. Nat'l Gas
Corning Inc
CSX Corp
Ddetroit Edison
Walt Disney
Dominion Res
Dominion Beshs
DOW Chemical
Dupont
Picasa
Eastman Kodak—Sar
O.soal Saa
Emerson Electric
Ethyl Corp
Exxon Corp
End Ass
Carolina
Virginia Bank
Flowers Industrie
Ee Fmc Corp
Ford Motor CO
Electric
Sce
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Fawana Cone
Ses
Sis
Ibmcorp
SE Oo
Za Saars
Sia
Mylan Imylanlabs
AMR
Sao
Saxo
Ose Mash-Finch CO
Norfolk
Southern Pa Ea
Pacific Telesis
Philip Morris
Phillips Pete
Pittston Coal
Potomac Elec
Reebok
Reynolds Metals
Rite Aid Corp
Rockwell Int'l
I- Sara Lee Corp
Sears Roebuck
Shoney's Inc
Signet Banking
Southern CO
Ane Ay Tenneco Inc
Texaco Inc
Ee Union Carbide
Universal Corp
Usair Group
USX Corp
WAL Mart
Wendy's Int'l
Westinghouse
Westmoreland
Westvaco Corp
Ee Xerox Corp
Arai
Dow Jones
California
Meat & Poultry
By Julie H. Finigan
Washington Bureau
Alan Sobba
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!