Stocking Up Not the Answer in Inflation Era
An editor notes a Maryland CPAs report advising against hoarding to beat inflation. Bulk buying offers possible savings and scale economies but faces inventory costs, storage, deterioration, insurance, and risk of losses if conditions worsen. Warns against speculative buying by small firms and cautions that even large companies stock only what they need.
MENTIONED IN THIS ARTICLE
Maryland Association of Certified Public Accountants
CPAS
CPA Association
Heavy trading sinks market as tensions loom
New York stocks fell heavily in the heaviest volume since October amid fears over international turmoil and US Soviet tensions. The Dow lost 4.26 to 820.31 with 50.48 million shares traded on the NYSE. Gains in IBM Exxon and Mobil were offset by broad weakness as bullion prices and oil prospects pressured shares.
MENTIONED IN THIS ARTICLE
New York
United States
Soviet Union
Afghanistan
Poole
Dow Jones
Allg
Bethstl
CocaClat
Exxon
Fairchild Indar
Giant
Is —M Glagp
Gulf Oil
Harrison
IBM G35
Kmart
Ah Litton
Marriott Corp
WW Hh
MD NatCp
Mobil
Noa
Phil Bu
Am Penney
Peop
Py Plantro
Potam Ellik
Safewyce
Sears
Christmas sales fair shows mixed 1978 results across chains
AP reports U S retailers saw a 1978 Christmas rise up to 12 percent over 1977 with prices up 13 percent. Kmart gained 11.8 percent to 2.20 billion, Sears rose 3.9 percent to 27.4? billion, while Ward and Penney posted smaller gains of 4.6 percent and 3.4 percent respectively. Weather and a late shopping week affected momentum but late days improved.
MENTIONED IN THIS ARTICLE
New York
Kmart
Sears Roebuck & Co
Robert E. Dewar
Jo, Penney
Montgomery Ward
Ward
Mobil Corp
Penney
Donald V. Seibert
Walter J. Nepps
Gold prices surge as crises shake markets worldwide
Gold prices rose worldwide as Iran and Afghanistan crises spooked traders and shifted wealth from currencies to bullion. Prices spiked to 649.73 per ounce in Hong Kong, then eased to 621 in New York, with bullion closing near historic highs in Zurich and London. The dollar weakened in Asia and Europe before European central banks steadied it, leaving New York's close near 621.
MENTIONED IN THIS ARTICLE
Iran
Afghanistan
Hong Kong
New York
Asia
Europe
Zurich
London
Also Mentioned on This Page
Maryland Assn
Stoy, Malone & Co
Frederick
IBM
Asarco
Mobil Oil
Newfoundland
Columbia Gas
Standard Oil
California
Gulf Canada
Amex
Standard & Poor
The
Associated Press
HIPAA
NATO
Ader
East Main St
Middletown
MD Hotre Teers
Brunswick
Knoxville Area
YMCA
Beltone
Weis
Jefferson
Catoctin
North Market St
Jens
Golden Ear
SANYO
Leading Consumer Magazine
Yamaha CO
Sherwood
Atve
Patrick
Market ST
Maxwell Ave
Mudit
Rtie G Corrier
Mute
TIM and Igavanare
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