European investors seize devalued dollar chance in stocks
European buyers find US blue chip stocks cheaper due to two dollar devaluations in under two years, offering potential gains if prices rise or if the dollar regains strength. Rinfret-Boston notes discounts in August 20 levels, with Dow at 867. German marks, French francs, and Swiss francs show large equivalents. One analyst cites Canadian dollar parity shaping the comparison.
MENTIONED IN THIS ARTICLE
John Cunnitt
NEW York
United States
Canada
Europe
European investors face losses as dollar inflows surge
Last year firms bought far more stocks than they sold with a net capital inflow of 2.1 billion, the second highest on record. Through May 1973 purchases again outpaced sales, with a 1.3 billion net purchase balance versus 700 million a year earlier. A European buyer who purchased before devaluations "took a bath" as share values fell relative to currencies, and UK investors also saw declines as the pound weakened.
MENTIONED IN THIS ARTICLE
Rinfret-Boston
United Kingdom
Dame Damages Lost After Dog Bite Suit
Birmingham judge rejects Diane Hemming suit for damages claiming a dog bite ruined her ability to dance. The court ruled the dog was generally amiable and the attack was out of character, ending her claim.
MENTIONED IN THIS ARTICLE
Birmingham
England
Diane Hemming
Kennecott backs national air quality standard at EPA hearing
Kennecott Copper Corp vice president David Swan urged a nationwide no deterioration standard at EPA hearings on air quality. He argued the standard should protect health while permitting economic growth, differing with environmentalists and opponents who favor stricter limits.
MENTIONED IN THIS ARTICLE
Washington
Kennecott Copper Corp
David Swan
Kennecott
Environmental Protection Agency
EPA
Swan
David Rapaport
Treasury notes surge as bonds outstanding top fifty-eight billion
Treasury officials report more than 58 billion dollars in U S savings bonds are outstanding and expect about 125 million more to be issued. Banks issue most new bonds as a public service and have handled the bulk of redemptions since 1941.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury
Also Mentioned on This Page
Rinfret-Boston Associates
Little Red
Old Sterlington
Blair, W.M
J. E. Dupuy
Melvyn Dr
Sicard Shopping Center
Crayola
Slaymaker Bicycle
Slaymaker
Pecsca
Lins
Eer
Xlu
17Th St
Westgate
Forsythe Ave
Northgate
Smith St
Shopper's Village
Winnsboro Rd
Southgate
Plum St
Southside Shopping Center
T.g.&y
Cash
BankAmericard
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