War fears fail to slow stocks despite Mideast crisis
New York stocks climbed a day after sharp opening as traders priced in a Middle East war scare. Dow Jones industrial average rose 6.40 points to 977.65 on about 18.9 million shares. Oil majors faced heavy trading amid expropriation action by Iraq against Exxon and Mobil.
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Marrly & Upham Co
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Food costs around the world lower
United States government Foreign Agricultural Service data show a median sirloin price drop from 2.86 to 2.76 per pound across 14 world capitals from July to mid September. West Germany and London also report declines, signaling easing food prices yet remaining high overall.
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