Market Slump as Rates Jump Hit Wall Street
New York shares fell on Monday as a surge in interest rates pushed the Dow Jones average below 1000 for the first time in a week. Bond markets suffered a sharp setback with long term issues dropping about 23.75 per 1000, while 90 day and six month Treasury bill rates rose over a full percentage point. American Telephone and Telegraph tumbled to 51.5, with K mart and Sears also retreating. Oil stocks weakened and volume dipped to 43.19 million shares on the NYSE.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Treasury
Federal Reserve
American Telephone & Telegraph
Kmart
Sears Roebuck
Mobil
Standard Oil
California
Conoco
Texaco
Superior Oil
Schlumberger
Halliburton
Hughes Tool
Fluor
St Joe Minerals
St. Joe
Teledyne
Texas Instruments
Odd claims highlight Aetna Life 1980 list of mayhem
Aetna Life & Casualty cites a string of odd claims from 1980 including a trainee stapling a boss to a shelf, a worker trapped in a tipped portable toilet by a crane, and a partridge crashing through a window depositing berries on walls. Other tales feature a man fleeing an accident scene for a restroom, a bird dog injuring a hunter, and a man with faulty dentures losing control of his truck into a river. CSX Corp reports first quarter 1981 earnings of 878 million dollars, 214 a share, up 59 percent from a year ago, with all-time records for the rail system units if reported separately.
MENTIONED IN THIS ARTICLE
Aetna Life & Casualty
Virginia
Nature
Reader's Digest
Aetna Claims
Minnesota
Connecticut
s#em
New Jersey
Fido
Maryland Avenue
Aetna
CSX Corp
Chessie System Inc
Seaboard Coast Line Industries Inc
CSX
Sea
Reagan Seen As Strong Leader. Haig Weaker, Expert Says
John Cunniff reports a management expert argues President Reagan shows high self confidence and the ability to detach ego while handling crises. Professor Eugene Jennings contrasts Reagan with Secretary of State Alexander Haig, who he says lacks primary self confidence and overreacts to center stage, doubting Haig’s crisis management choices.
MENTIONED IN THIS ARTICLE
New York
Reagan
Eugene Jennings
Alexander Haig
Jennings
Michigan State
Haig
Carter
Jennings Haig
George Bush
Mailbag answers on inflation imports and bonds
Louis Rakeyser surveys reader questions on deflation risk in the United States and hints at disinflation rather than deflation. He weighs import restrictions on Japanese cars, AFL-CIO Union Industries Show praise, and advises diversified long term and medium term bonds to guard against inflation, ending with a reader’s query on lifting the Soviet grain embargo and hot stock tips.
MENTIONED IN THIS ARTICLE
U.S
A.Y.L
Fresno
Calif
United Auto Workers
Washington
Hartford
Conn
Reagan
Soviet Union
S.L
Chicago
Moscow
Afghanistan
el Salvador
J A.B
Cincinnati
Also Mentioned on This Page
Dow Jones Industrials
Allg Pn
Exxon
Fairchild Ind
Palm GenStar
Gulf Oil Us
Ty Harns
IBM So
Litton
Marriott Corpse
Mercantile Boksbr
Potom
Tandy Sim
Texaco Wa
Usfgas
Warner
Watkins J Be —S Whittak
Woolworth Byake
Baker Watué Co
Fredenck
Colorado
Texneco Inc
Tenneco Occidental
Tenneco
Cs$x Corp
Tri-State Micrographics
Oak Ridge Place
Hagerstown
John Cunniff
Louis Rakeyser
E.S
Dallas
Federal Reserve Board
Afl-Cio
America
Afl-Cio Union Industries
Afl-Cio Union Label & Service Trades Department
John Mara
Earl McDavid
Union
Baltimore Convention Center
Jack Lutz
Union - Industries
Union Industries
Aflcio Executive Council
Baltimore Hilton Hotel
Lane Kirkland
Thomas R Donahue
Aflcio
Radio Shack
Oly
Diane Henson
Annette Reynolds
Frederick Limousine, Inc
Frederick
Baltimore-Washington International Airport
STW
March JR
Digital Systems Corporation
Hawitt
Purchaw HK
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