Dollar Slide in Tokyo Fails to Cut Imported Prices
Tokyo reporters note the dollar tumbled to 204.50 yen and closed near 206 as Japan's trade surplus and U.S. inflation drive the decline. Despite a weaker dollar, retailers maintain high prices through distributor kickbacks, leaving most imports pricey. A ministry survey found 14 of 22 items fell slightly, none by the full dollar drop. cosmetics rose.
MENTIONED IN THIS ARTICLE
Tokyo
Ginza
U.S
Japan
United States
Munchen Beer Hall
Fifth Avenue Alley
Imperial Hotel
New York City
Ministry of International Trade and Industry
Stocks Plunge as Gambling Shares Lead Decline in NY Market
New York stocks fell sharply with the Dow dropping 10.74 to 812.28 after a volatile session driven by gambling stocks. Playboy Enterprises surged to 30% intraday before closing at 23, Caesars World, Bally Manufacturing and Harrahs all declined, Resorts International shares slid after a high. Analysts blamed a gambling fever that enticed speculators away from solid stocks.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Playboy Enterprises
Caesars World
Bally Manufacturing
Harrahs
American Stock Exchange
Resorts International
Resorts
Eaton
Exxon
Nort Wa
FMC
Firesta
Owen
I! Ate
Penney
Brads
Pepsico
el Pw
Gillette
Am Motors
RCA
Goodyr Ox Ralston
Armco
Pc Reich
Avco
Hercules
Scott P
Bendixinger
Sears
Boeing Bn
Borgen
Lykes
Curtis
US Steel
Mead Corp
Dresser
Weyernr
DuPont
Mobil Oi
Whiripol
EastAir
NCR Cp
Woolwth
Basko
Nat Canas Xerox Corp
Wheat First Securities Inc
Acton
Grhart Owen Sie
Overnite
Alighny Air
Gen Med
Parsons AM
Allis Chimes
Govid P Bay
A&p
Pennwail
Amerada
Grumman
Amer Fam
Git & West Ie
Pittston
Guit Res
Amer Stang
Plantronics Ame
Potomac
Amic Ie Hanna Min Nie
Asarco Va
Hecks
Holiday Inns
Reyaids
Bo Atlas Corp
Hosp Corp Na Robins AH
Bait
Hou OM
Robinshaw
Bank of Va
Hughes Tool
St. Joe Maris
Bates
Humana Wa
Ds Bearings
Southern Ry
Brunswick
Kenecott
Ramo
Storer
Burrlington
Lewitz Taft
Burroughs Rm Litton
Tenneco
Cabot Corp
Lockneed
Texasguit
Caro Pwr
Lone Star Ind
Texas
la Pacific
la Pacific “ Carrier 7S Thiokol
McGraw
Tiger
MAPCO
Transamerica
Las Citicorp
Mariott
Trico
Cnessie
Mesa Pete
Tucsong& Eelos
Merck
UAL
MGIC
Crane
United Nu
Murphy G.C
United Tech
Disney
Indus
Duke Pwr
G&f
Paso Co
Nwmnt
Warner Lam Bs
Ethyl
Amer Coal
Air West UN la First Wa
Foster
Freeport
Zenith
Over The Counter Quotes From Wheat First Securities
Quotations supplied by Wheat First Securities Inc reflect representative inter dealer quotes around 4:00 pm. Markets shift during the day and the quotes exclude retail markup and commissions. Firms mentioned include American Furniture Bassett Furniture Heilig Meyers Four Phase Systems Galveston Houston General Energy Westmoreland Coal and others.
MENTIONED IN THIS ARTICLE
Wheat First Securities, Inc
Inter Dealer
Inter
American Furniture Bassett Furniture Board
Biuefield Supply
Burke Parsons Dominion Bankshares
Federated Income
Phase Systems
Heilig Meyers
Galveston Houston
General Energy
Lewes Companies
Nrthustra Fining
Pulaski Furniture Reserve Oil Minis
Sam Solomon Service Merchandise
Strother Drug
Westmoreland Coal bin
Transfers Add Interest To Checking
Interest bearing checking faces legal limits yet people seek new routes. Automatic transfer accounts, approved by the Federal Reserve and FDIC, let banks move funds from savings to checking when a preset minimum is reached. Only banks can offer them, and customers must link both accounts at the same bank and authorize transfers by phone or debit card.
MENTIONED IN THIS ARTICLE
Associated Press
Federal Reserve Board
Federal Deposit Insurance Corp
New England
New Transfer Accounts Could Bring Wide Spread Bank Services
Consumer scorecard for new transfer accounts notes limited access to New England banks or credit union members. Chemical Bank of New York pioneered the service, linking checking and a day-of-deposit savings with a 5 percent minimum balance and transfer fees.
MENTIONED IN THIS ARTICLE
New England
Chemical Bank of New York
Chemical
Susan Weeks
Savings and Loan
Amtrak Hearings Open At Capital
Washington AP reports the Interstate Commerce Commission opened a nationwide series of hearings on Amtrak service cuts. Witnesses trade arguments for and against reductions as Adams proposes trimming miles, trains, and stations, with opponents urging more spending.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Amtrak
National Taxpayers Union
Greyhound
Trailwaye
National Association of Railroad
Transportation
Brock Adams
West Virginia
Martinsburg
Parkersburg
Cincinnati
Bluefield
Ashland
Adams
Charles S. Crawford III
Rahall to testify at Bluefield Amtrak hearing
Fourth District Rep. Nick Rahall plans to testify at a Rail Service Planning Office hearing in Bluefield on Friday about a Department of Transportation report on Amtrak. He argues Hilltopper service must continue with better advertising and equipment despite proposed cuts. House vote 204 to 89 paused reductions for 18 months.
MENTIONED IN THIS ARTICLE
Nick Joe Rahall
Interstate Commerce Commission
Rail Service Planning
Bluefield
Department of Transportation
Amtrak
Rahall
Post Office
Federal
West Virginia
Welch, Williamson
Tri-State
Huntington-Catlettsburg
U.S
House of Representatives
Duncan Works With Numbers Lack Of Statistics Hurts
Washington AP reports Joseph Duncan, director of the Office of Federal Statistical Policy and Standards, warns that unreliable statistics threaten the economy. He notes gaps in local unemployment data, critiques the misapplication of figures, and describes key federal projects to improve coherence and planning of U.S. statistics into the 1980s.
MENTIONED IN THIS ARTICLE
Washington
Joseph Duncan
Office of Federal Statistical Policy and Standards
Duncan
Congress
Humphrey- Hawkins
U.S
Also Mentioned on This Page
WY Stock Exchange
Tomy
Dow Jowes
Resorts’ Casino
Atlantic City
N.J
William LeFevre
Granger & Co
Ata
Department
Bluefield Daily Telegraph
Yeninas
Consumer
Hallmark Pools
Crescent Street
Bluefield, Virginia
Oaka Williams
Crawford
Ross Capon
Rail Passengers Group
Business Mirror
American Statistical Association
Batelle Memorial Institute
General Telephone Company OF
Southeast
General Telephone Company of the Southeast
State Corporation Commission
General Telephone Company
Commission
Blanton Building
Richmond
Virginia
John W. Riely
Esquire
Hunton & Williams
P.O. Box
William C. Young
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