Market slides as inflation worries overshadow gold surge
New York markets fell on Monday with the Dow down 563 to 872.95 as inflation fears persisted despite Miller promising single-digit gains later. Gold jumped to a record 41.50 an ounce in Zurich, while oil stocks like Exxon and Mobil shed value and trading volume hit three-month lows.
MENTIONED IN THIS ARTICLE
New York
Treasury
G. William Miller
U.S
Miller
Robert Stovall
E F Hutton
Zurich
New York Stock Exchange
NYSE
International Monetary Fund
Belgrade
Austria
Exxon
Mobil
Standard of California
Texaco
Halliburton
General Electric
General Motors
IBM
Standard & Poor
S&p
New Series EE and HH bonds replace older U S Savings bonds
Starting Jan 2 1990 Series EE bonds replace Series E bonds with different denominations prices and maturity. E bonds earn 6 percent after five years while EE bonds also 6 percent after five years. E bonds redeemable after two months. EE bonds require six months. HH bonds replace H bonds from Jan 2 1980 with level interest and 10 year maturity.
MENTIONED IN THIS ARTICLE
U.S
Rockville to host new bank for women opens this month
First Women's Bank of Maryland is capitalized at 2.5 million with a Rockville headquarters under renovation. President Even Grover says the bank targets women customers but will welcome men. Staff has been hired and the plan anticipates 4 million in deposits after year one.
MENTIONED IN THIS ARTICLE
Rockville
Women's Bank of Maryland
Even Grover
First
Salares
Maryland
First Women's Projects
Christopher R. Custer
Custer Toyota
Frederick
United States
Toyota
Japan
Custer
New York
Los Angeles
Detroit
Boston
Tokyo
Nagoya
Toyota City
Kyoto
Economic Upsurge In Fishing Gear Sees Mini Boom
New York reports a developing mini boom in the 60 million dollar fishing equipment industry as rising food costs and inflation drive more Americans to fish. Industry leaders like Tom Schedler of AFTMA and J Frank Cogdell of Du Pont say unemployment and leisure time boost sales.
MENTIONED IN THIS ARTICLE
New York
U.S
Belore
Tom Schedler
American Fishing Tackle Manufacturers Association
AFTMA
J Frank Cogdell
du Pont
Nor
Bill Massman
U.S. Fish and Wildlife Service
Garcia
Zebco
Berkley
Shakespeare
Department of Agriculture
Industry Trade Association
Paul Mulready
Mulready
Ork
Huckleberry Inn
Indiana State University
Fish and Wildlife Service
Gold price climbs past four hundred for first time in Europe
Gold surged to a record 415.50 an ounce in New York as the dollar weakened amid central bank actions. Prices closed above 400 in Europe, with Zurich posting gains and London and New York showing notable rises. analysts noted overseas buying and dollar defense efforts after a Ham burg meeting produced vague promises.
MENTIONED IN THIS ARTICLE
New York
U.S
London
Zurich
Europe
Hamburg
United States
Frank Schumach
Mar
Cus & Co
Commodity Exchange
Samuel Montagu and Co. Ltd
West Germany
Frankfurt
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Dow Jones
BethSti
Chessie
Clorox
Cocacl
Feirchild
Sears
Robert Hooper
Baker, Watts & Co
John Coker
Sammdane Glen
Dad
Las Vegas
Warren George
Frederick Heighta
Rick Blizzard
Frederick Furniture
Evergreen Point
Lou Shank
214 Radio
Pam Tribett
Myeraville
Wallace F. Larkins
Braddock Heights
Margaret Eckenrode
Ed Waters Jr
the News
Frederick, Md
By Louise Cook
Associated Press
Meuvuua
New Bank For Women
Etropolitan Federal Savings and Loan Aggsociation
Bowte
Hill Road
Federpy
Levings End Laer Agsctcation
Thoryiend
Rukeyser
Floyd Norris
AP Business
Baltimore
Federal
Cam
Aulinere Fedemdkes
Fredenck Towne Mall
Haget Town Office
Valley Mall
Comvernwnt
Mandlarnd
Eseod
Billie
Atx
Sught Syndicate
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