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New Castle News in New Castle, Pennsylvania

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Newspaper

New Castle News

Location

New Castle, Pennsylvania, United States of America

Date

Jun 16, 1987

Page

14

NYSE Stocks Composite Prices Reported Nationwide

United Press International releases show nationwide composite prices for NYSE listed stocks with last prices, changes, and volumes across major firms such as AT&T, Coca Cola, Exxon, IBM, and General Electric. The report includes numerous tickers, market notes, and a Dow Jones average snapshot for the day.

New York UPI American Stock Exchange Acton Amdahi A Petrofina Banister Cn Brasen Dome Petro Instrum Sys Kirby Telefiex Vernitron Wanglb E— Weathford DOW Jones United Press International Industris Utili Ltkell A.m Netwig Pet

Volcker era highlights risks of central bank power

The departure of Paul Volcker after eight years as Federal Reserve chairman illuminates the Fed’s influence on the economy amid high inflation and crisis. The piece parallels Sir Thomas Gresham’s 16th century warnings about bad money driving out good, noting reform of coinage and the need for a trusted currency and market institutions.

Paul Volcker Federal Reserve Board Volcker U.S Thomas Gresham Elizabeth I Gresham Antwerp England Elizabeth Henry VIII Edward VI Mary

Florida tourism hit as services tax sparks backlash

In Boca Raton Florida industry leaders report a damaging backlash to the new five percent sales tax on services. Conventions are canceled and advertising plans halted by firms including Procter and Gamble and Kraft. Officials estimate hundreds of millions in potential revenue lost as 35 companies pull events. The tax takes effect July 1.

Florida Boca Raton, Fla UPI Derwin Smith The Florida Hotel and Motel Association National Association of Television Program Executives Miami Beach Greater Miami Procter & Gamble and Kraft Inc Boca Raton Hotel and Club William Peeper Orange County Bush Lake Buena Vista

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