Gold won't tarnish as a world money factor says platinum leader
Robin Plumbridge, president of South Africa's Chamber of Mines, argues gold will remain a major money market factor at about $150 an ounce. He notes gold's value may fluctuate but long term demand is balanced by investment demand and commercial use. He says demonetization won't happen as gold never tarnishes and retains value.
MENTIONED IN THIS ARTICLE
Mary Tobin
UPI
New York
Robin Plumbridge
South Africa
Plumbridge
Chamber of Mines of South Africa
Industry Trade Association
Plawbridge
International Monetary Fund
Washington
TMI
IMF
Burlington Frisco merger okayed by boards in principle
Louis W. Monk of Burlington Northern and Richard C. Grayson of Frisco announce that the boards have approved in principle a merger. Frisco shareholders would get 0.95 BN share and $12.50 of a new 8 percent nonvoting preferred stock with a sinking fund to retire by 20th year.
MENTIONED IN THIS ARTICLE
Louis W. Monk
Burlington Northern Inc
Im St Paw
Richard C. Grayson
St. Louis
Frisco Common
Burlington Northern
Frisco
Menk
Grayson
Interstate Commerce Commission
Commission
Great Northern
Northern Pacific
Chicago, Burlington & Quincy
New Mexico and Arizona Land Company
Phoenix
Ariz
Grace expands into fast food with DTG Inc venture
Grace Grace & Co with a 6 to 7 unit Restaurant Division forms DTG Inc as an 80 percent Grace owned subsidiary and 20 percent Del Taco shareholders. DTG gains exclusive US rights to Del Taco’s formula and management outside California and part of Arizona. Initial Texas rollout planned for early 1978 with 10 year old brand and know how.
MENTIONED IN THIS ARTICLE
WR. Grace & Co
Grace
Farr Better Feeds
Duncan
DTG Inc
del Taco, Inc
California
DTG
U.S
Yuma
Ariz
del Taco
Texas
Appraising Property Course Offered by Real Estate Society
An intensive advanced course in income property appraising will be held October 24 through November 4, 1977 at the University of Nebraska Lincoln. It focuses on net income capitalization and Ellwood Mortgage Equity Techniques with instructors John D. O Flaherty and H Grady Stebbins Jr. Successful completion counts toward the SRPA designation and may earn credits with other appraisal groups. For registration and housing, contact the Society of Real Estate Appraisers in Chicago.
MENTIONED IN THIS ARTICLE
University of Nebraska, Lincoln
International Society of Real Estate Appraisers
John D. O'Flaherty
SREA
MAI
H. Grady Stebbins
MAS
Bexldynee Property Appraiser
SRPA
The
Society of Real Estate Appraisers
South Dearborn
Chicago
Illinois
Opponents warn rule change threatens exchanges
New York officials and Wall Street critics warn the SEC plan to permit off floor trading could erode auction markets that meet buyer and seller for best prices. NYSE chairman William M. Batten says mergers may rise and regional access could shrink as in house markets expand. He notes investors could lose best price discovery and calls for timely, prudent regulation. The NYSE also resists broad options trading and keeps merger talks with the American Stock Exchange alive though quiet.
MENTIONED IN THIS ARTICLE
New York
UPL
Stock Exchange
Securities and Exchange Commission
Wall Street
SEC
Exchange
Elsn
William M. Batten
New York Stock Exchange
UPI
Batten
NYSE
Goldman Sachs
Morgen Stanley
N. Place
Harrison Williams
Dn.j
American Stock Exchange
Cigarette Firms Poised for Further Gains in 1977 Market
Market analysis notes cigarette manufacturers show continued profits and stock gains as they broaden through diversification and foreign expansion. Low-tar products gain share from traditional brands while firms push into beverages, oils, and packaging. Overseas markets, currency dynamics, and price increases aid growth while U.S. sales rise modestly. Baboon's Reports advocates maintaining holdings for longer-range appreciation.
MENTIONED IN THIS ARTICLE
America
U.S
Philip Morris
Tiggett Group
Reynolds Industries
Baboon
Burlington Northern forms coal division to handle traffic
Burlington Northern today announced plans to centralize coal activity by creating a coal division effective October 1. Michael M. Donahue, 45, was named vice president coal to lead the unit as it concentrates responsibility for coal transportation from mine to user to boost handling of growing traffic.
MENTIONED IN THIS ARTICLE
Burlington Northern Today
Michael M. Donahue
Business notes from Columbus and surrounds
Fullerton Blue Chiffon Beauty Salon opens Sunday at 2105 p.m. on 40 North 4th Street with owner Connie Wonderwiek and a free prize registration. An open house for American Family Insurance agent David H. Blessen at 35th Ave and Howard Blvd marks the company’s 50th anniversary. Fred R. Sullivan of Walter Kidde & Co. joins Becton Dickinson as director at a Ruthford N.J. meeting. Pizza Hut marks its 4,001st unit in Arlington, Texas, donating 3003 to Danny Thompson Athletic Scholarship fund in memory of Thompson who died in 1976. Farland Industries reports fiscal 1977 net sales of 3.107 billion after merging Far-Mar-Co, up from 1.86 billion.
MENTIONED IN THIS ARTICLE
Fullerton—Blue Chiffon Beauty Salon
North 4Th Street
Connie Wonderwiek
David H. Blessen
American Family Insurance
Columbus
35Th Avenue
Howard Boulevard
Fred R. Sullivan
Walter Kidde & Company, Inc
Becton, Dickinson and Company
Ruthford
N.J
Arlington
Tex
Dallas-Ft. Worth Metroplex
Pizza Hut, Inc
Danny Thompson
Thompson
Texas Ranger
Minnesota
Farland Industries, Inc
Kansas City
D.E. Ewing
Far-Mar-Co, Inc
Also Mentioned on This Page
Equitable Federal Savings and Loan of Fremont
33Rd Avenue
1Éth Street
From Lett
Bob Dawson
Lincoln
Whitie Walgren
Columbus Commodores
Marvin Welstead
Fremont
Savings and Loan
Dan Stroeher
South
Sioux City
Elmer Hodges
Roth Construction
Hemphill-Vierck-Dawson
Burlington
Babson's Reports Inc
Coal Division
Automotive Leasing Systems Inc
Bill Sunday
U.S. 30 Shopping Center
Val Milbourn
Tole
Priscilla Houser
Ramada Inn
Omaha
Tagher
Milhoven
Colembus
Telegram Financial Page
Frank Carney
Bank and Trust
Citizens Bank “Company
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