Gold stocks crash as kaffirs slump in market rout
Merrill Lynch ranks gold mining last in 120 categories as gold prices fall and index gauges plunge. Experts warn of higher mine costs and potential closures while some advise buying quality mines at low costs. Randfontein shows strongest uranium play amid volatile sector.
MENTIONED IN THIS ARTICLE
Wall Street
Merrill Lynch
South Africa
Richard Russell
Dow Theory
Russell
Arthur Burns
Fed
U.S
United States
Mark Nobel
Progold
C. Austin Barker
Hornblower & Weeks
Hemphill Noyes
International Monetary Fund
IMF
West Driefontein
East Driefontein
Free State Geduld
St. Helena
Randfontein
Western Holdings
Brand
Blyvooruitzicht
Paradox in July unemployment report shocks analysts
The July unemployment rate rose to 7.8 percent as 400,000 new jobs were added, but the rise reflects discouraged workers reentering the labor force rather to a worsening economy. The Bureau counts only those actively seeking work, so the jobless rate can spike while conditions improve.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Bureau of Labor Statistics
Nebraska banks join NETS electronic funds transfer
A Nebraska group of 449 banks contracted with MICOR Inc of Phoenix to implement NETS, a statewide electronic funds transfer system. NETS, led by Kermit Hansen of U S National Bank, aims for a March statewide rollout and regional expansion with Iowa, funded at 1.3 million over three years.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Nebraska
Micor, Inc
Phoenix
Nebraska Electronic Transfer System
NETS
Kermit Hansen
U.S. National Bank
Hansen
Iowa
Dow Jones Averages and NYSE movers report
New York AP summary shows late national prices for NYSE issues with stock names, last prices, and percent changes. The list includes notable gains and declines with percent movements and closing levels, followed by a section of top movers and downers on the NYSE.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Benguet
CCI Corpam
Stock quotes from New York Exchange show mixed gains and losses
Reading of 2 p.m. quotations lists numerous stocks such as Armco, Asarco, Boeing, CocaCola, IBM, Exxon, CocaCola and many others with varied percentages. The column reflects sprawling price changes across sectors and large industry names on the exchange floor.
Stock market rally as inflation outlook boosts shares
New York stock market posted a moderate rally led by gains on the Dow Jones average up 9.47 to 988.95 as traders eyed July wholesale price data. Coca Cola Bottling of New York led activity up 4% at 75 and large blocks traded, with NYSE composite index up .30 to 55.60 and AMEX market value index up .48 to 103.71.
MENTIONED IN THIS ARTICLE
New York
Wall Street
NYSE
American Stock Exchange
Commodity Closings From Market Report
Today's closing quotations from Madda Trading include gold at 113.30 up 0.60, IMM Sept gold 113.80 up 1.30, Aug silver 4.23½ up 0.12, Oct platinum 156 up 4.20, Sept copper 75.5 up 1.5, Sept wheat 3.2434 up 0.12, Sept corn 2.745 down 0.13, Aug soybeans 6.17 down 0.06, Aug live cattle 37.82 down 0.95, Aug live hogs 42.72 up 0.57, Aug pork bellies 64.57 up 2.00, Sept fresh eggs 60.55 up 1.75, May Maine potatoes 7.82 down 0.02, Sept plywood 162.20 up 9.10, Oct cotton 75.43 up 1.16, Sept sugar 10.93 up 0.01.
MENTIONED IN THIS ARTICLE
FlaPwl
FlaPow
FdFair
Fordm
Formck
Finkin AA
Freepm
Fruenf
GamSk
Wa WM
Gannett
GeoPac
Genesco Inc
GeorPac Wi
Gerber
Ukrah Global Mar
Goodrh
Goodyr
Gouldin
Grace
GrAtiPac
Gillette
GrGiant
Greyh
Grumm
GulfWstn
GifWindwt
GulfOil
Gifstur
Hallibrin
Harnishf
Harris
HarteHk
Heclam
Hercules
Heublin
Hewltk
Hoernw
Holiday
Hollys
Honywil
Houshf
Houshp
HowJahn
Cinds
Inacp
Idahop
IdealBa
Implcpa
INCO
Ingerr
iindSt
IBM
Tek Corp Ba eiCorp
Abia
Jewelc
JhnMan
Johnson Jn
dJonLogn
Jostens Ib
JoyMfg
WW Ve
K-k — KaisrAl
Kangel
KanPtt
Katy Ind ‘ Kellogg
Kennet
KerrMc
Kimbc
KnigtRid
Koppers
Krattco
Kresger
Kroger
LTV Corp LearSieg
Lenpcr
LenVal Ind Lehmn
Levitz Furn
LOF
LiggtGp
LiffonIn
Lockhd Airc
Loews
LoneStind
Lagistt
LaPacif
LukenSt
LykesCp
MAPCO
Va Owensong
Va Owenll
Ma McOmd
Mead Corp
Melille
Merck
MGM Ei
Maidsut
Milgo Elect
Wis Wu
Minmm
Minnpl
Mobil
Mohasco
Monsan
Mondu
MonPw
MorNor
Motorola
Nlin
Nabisco
NatAir
Va NatCan
NatGyp
Ye Niamp
NorfikWn
Norris
Noaphi
Norngs
NoStPw
Northrp
NwstAirl
NwiBnc
Norton
NorSim
OccidPet
PanAm Air
Panep
Penney
Pennzol
PepsiCo
Pfizer
PhilMorr
PhillPet
Et Pitney
Pneumo
PSVEG
Publickr Ind
Pueblo Int
Pugspl
PurexCp
Woowses Purim Fash
JY JM
Quaksto
Questor K
RCA
RatStonPu
Rancom
TS -Cuehs RapidAm
Raytheon
ReadRat
ReichCh
RepSti
Revion
Reynin
Ips
ReynMet
Rockwlint
Rohr Ind - W
Reyccol
Va Ryder Sys
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
J C Penney Expands Catalog Departments in Arizona
J C Penney Company will open catalog departments in seven Phoenix area stores as the first wave of 21 Arizona locations. The move aims to grow catalog sales and cut delivery times to four to five days, with distribution from Penney's Atlanta center.
MENTIONED IN THIS ARTICLE
J. C. Penney Company, Inc
Arizona
Penney
Phoenix
J.C. Penney
Penney’s
Atlanta
Georgia
Also Mentioned on This Page
Donald C. Bauder
Copley News Service
John Bunyan
Financial Times
Scottsdale (Az
Business Mirror
Micor
Ramada Inns
Nebraska Bankers Association
Dow Jones
Yale MU
AMF Inc
AlcanAlu
Allin
Bdcst
AmCan
Acyan
Ameipw
AmHome
P.m
Indus
ApecoCorp
ArchDan
Armco
ArmstCk
Asarco
AshiOil
Asddrg
AtlRich
AtlRchwh
AtlasCorp
Aveo Corp
BabckWil
Baltge
Bauschl
Va BritPet
Brunswk
Vo BucyEr
BuddCo
Bulova
BunkRamo
Burlind
BuriNo
Vo Burrghs
Cadence Ind
Jy Ys Cal Finan
CmpRe
CamSp
Qhasem
Chessie
Chipneyt
QhrisCraft
Chrysler
Citicorp
Clarke
ColgpPal
ColGas
Deere
DettaAir
Dennys
DillonCo
Disney
Dow Ch
Dresser
duPont
Dukep
Duglt
EastAir Lin
Easkird
Eaton
Benlin
ElPaso
Wwe
Sandrs Asso
Shell Oil
SmithKline
Socate
SouthCo
Sonres
SouPac
StaufChm
M+ Va
Wat Stevenj
SterDrug
Sun Co
Tektronx
Teleprm
Telex Co
Tenaco
TesoroPet
Texaco
Transam
Uniroyal
Utah
Vetco
Hooks WestgEl
Weyerhr
Va Whitin
Va Whittaker
Willims Cos
ZaleCorp
ZenithRad
Associated Press
American Exchange
Wea
American Instrum Sys
Stock Exchange
Jamswy
Kaisrind
Jaen
Wat Aegis Corp
LafyRad
Alamera
Ba Bat “ McCulo
T Medenco
Th . Barnes Eng Brascana
E Medfield Cp
Este Buttesg Oil
Ormand Ind
Ozarka
Eo Champ Hom
Sigs Cinerama
BradRa
ConOil
FiyDia
Frontier Air
UnBrand
Yel
Vo Goldfield Cp
Ik Me
Valspar
GtBasin Pet
Vikoa Inc
Vo HouOil
City
Riles Jaeeemia Corporation
Faye Poe
Eran
SUN Control
Hughes-Calihan Corporation
North 16Th ST
Sun City
America
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