Yen Surpluses Persist Despite Stronger Japanese Currency
The yen’s rise against the dollar and Japan’s trade surpluses continue, defying standard economic theory. Economists like Hiroya Ichikawa cite ongoing U.S. inflation, cheap raw materials, and efficiency gains as factors keeping exports competitive despite yen gains. The dollar-yen rate shifted from 290 to 205.475, with Japan’s imports largely raw materials priced in dollars.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Hiroya Ichikawa
U.S
Ichikawa
Tokyo Foreign Exchange
United States
Market Gain Is Small w 0 690
New York stocks rose modestly with industrials up 1.73 to 821.64 as Grand Union Co proposed a $30a share merger and National Starch & Chemical climbed 6 percent to 70. Traders cited technical factors and late window dressing before midyear reports as markets steadied after a Dow two month low.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Grand Union Co
National Starch & Chemical
Internal Revenue Service
Unilever Group
Anaysts
Dow Jones
NatSti
Eaton
Exxon
Occid Pet
FMC
Ohio
Owen
Alcoa
Pepsico
Pfizer
Phil Morr Am Can
Phill Pet Am
Ge Pacit
Gillette
QuakOat
Am Motors
Goodrn
RCA Att Goodyr
Raiston Pu
Pe Oh Reich Ch
Armco Greyh
Gulf Ol
Rockwi
Sheind Hercules
Scott P
A4vco
Inger R
Bendix
Shei! Ol
Boeing
Singer Co
Borden
Jon Man
Joy Mtg
Sperry R
Celanese Kalst Aln
Chrysler
Emert
Coca Col
Kroger
Walter Crug
Texaco
Lykes
Crw
Marathha O
Uniroyal
Curtis Wr
McDowd
US Steel
Mead Corp
Westg
Dow
Weyernr Dresser Mobil Ol
Whiripol
DuPont Wave
NCR Cp
EastAir
Nat Canas Xerox Corp
Wheat First Securities Inc
Acton
Grart Owen
Overnite
Gen Med
Parsons RM
Alighny Air
Allis Chimis MN Gould
Pody Inti
AMAXK
Great A&p
Asarco
Hecks
Reynids
Wa Holiday Inns
Atlas Corp
Hosp Corp Na Robins AH
BaltG&e Hou
Robinshaw
Bank of Vaah Ma St. Joe Maris Bates
Stop
Bearings
Inexco A
SCOA
Ind
Beico Pete
Carp Pwr
Lone Ster
Texas Inti
Cerrier
la Pacific
Thiokol
Caterpillar
McGrew Ed
Tiger Inti
Ces
MAPCO
Transamerica
Citicorp Mariott
Trico Int
Cnessie
Trico
Mtge
Csti St Gas Love Mesa Pete
Tucson G&ee
Merck
Congoleum Val Con Ed
Union Pacahs Crane
United Guer al Dan River
Mitenl Enrgy
United Nu
Murphy G.C
United Tech
Disney
Indus
Univ
Duke Pwr
Elec
Paso Co
Warner Lam
Falcon
Whittaker Foster
Zenith
Over The Counter Securities Quotation Summary
Wheat First Securities provides representative interdealer quotes as of about 4 00 p m. The interdealer markets fluctuate during the day. Quotations exclude markups markdowns and commissions.
MENTIONED IN THIS ARTICLE
Wheat First Securities, Inc
Inter Desier
Inter-desier
Dollar Mixed Across Markets Ahead of Holiday Weekend
The dollar showed mixed results in London Tokyo and Frankfurt while slipping in Zurich and Paris as traders anticipated the Fourth of July holiday and European vacation period. Gold eased in Zurich and London with bullion priced at 184.375 dollars an ounce in Zurich and 184.50 in London. In Tokyo the dollar rose to 205.475 yen from 205.325.
MENTIONED IN THIS ARTICLE
London
Tokyo
Frankfurt
Zurich
Paris
FTC Proposes Energy Cost Labels for 13 Appliance Types
The Federal Trade Commission announced in Washington a new law proposal to require labels showing the estimated annual energy cost for appliances before purchase. The labels would also display the range of costs for comparable items. Targeted appliances include refrigerators, freezers, dishwashers, clothes dryers, water heaters, room air conditioners, home heating equipment, television sets, kitchen ranges and ovens, washing machines, humidifiers and dethumidifiers, central air conditioners, and furnaces.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Washington
Imports Cost More Jobs Warn Leaders Say
Industry and labor leaders warned that rising imports of textiles, apparel, and fiber from the Far East threaten thousands of U.S. jobs. They urged the government to keep import fees on textiles, seek tariff-exemption for materials, renegotiate trade pacts with Taiwan, Hong Kong, and South Korea, and consider global quotas to limit surged shipments.
MENTIONED IN THIS ARTICLE
Washington
Far East
Geneva
Congress
Taiwan
Hong Kong
South Korea
Afl-Cio
George Meany
Meany
Irving S. Shapiro
The
DuPont Co
Murray H. Finley
Amalgamated Clothing and Textile Workers Union
Robert S. Small
Dan River Inc
American Textile Manufacturers Institute
William A. Klopman
Burlington Industries Inc
John D. Gray
Hart Schaffner & Marx
Chester Kessler
Clothing Manufactuers Association
U.S
United States
Also Mentioned on This Page
Associated Press
Marfieth Bay
I Stoce Exchange
UF Ay
Aes Ee
Uachan
American Furniture
Jech Bassett Furniture
Bivefield
Burke Parsons
Dominion Bankshares
Ny Hellig- Meyers
Galveston-Houston
General Energy
Lowes Companies
Pulaski Furniture
Strother Drug
Westmoreland Coal
AMEX
Becines
Princeton
College Heights
Wickham Ave
W.ve
Owen Land Sales CO
Wreezes
Feders
Nis
Source
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