French franc hits new low as markets sway on election loss
The French franc weakened further after France's left leaning coalition suffered a weekend electoral setback, with the dollar rising to a record high of 6.2475 francs. Gold and other currencies also moved higher as markets priced in political uncertainty and potential policy shifts.
MENTIONED IN THIS ARTICLE
France
Francois ‘Mitterrand
Tokyo
London
Hong Kong
New York
Ny Exchange
Handy & Harman
Ourice
Analysts See Dow Bottom in Spring Amid Bear Market Pain
Wall Street foresees a Dow Jones trough in the low 700s to mid 730s this spring as analysts project May or October bottoms. Merrill Lynch, A.G. Becker and MRI Securities name 700s to 730s, while some see a bottom near 725. Data General, Teledyne, and other techs show violent swings, with put options offering major profits if a rebound begins.
MENTIONED IN THIS ARTICLE
Wall Street
Robert J. Farrell
Merrill Lynch
Pierce, Fenner & Smith
Donald I. Trott
A.G. Becker Inc
Charles Jensen
MRI Securities
Dow
Martin D. Sass
M.D. Sass Inves
Tors Services Inc
Sass
Carol Neves
Teledyne Inc
Teledyne
Data General
Perkin-Eimer
Amdah
Digital Equipment
Datapoint Corp
Donald W. Kimsey
Dean Witter Reynolds Inc
Court ends SCM $111 million Xerox suit
The Supreme Court ended SCM's bid to collect $111 million in antitrust damages from Xerox, ruling that Xerox cannot be forced to pay monetary damages for dominating the plain paper copier market. The case traced to Xerox's 1969 refusal to sell SCM access to the technology and the 1956 patent rights that protected licensing.
MENTIONED IN THIS ARTICLE
Washington
Sureme
SCM
Orp
Xerox
Atand
Connecticut
2Nd Circuit
Pani
Fed backs new money market certificate proposal
Regulators are expected to approve a 91 day short term savings certificate with a $5,000 minimum, tied to the 13 week Treasury bill rate, plus a quarter point differential for thrift institutions. The plan faces industry split and congressional opposition over government rate controls.
MENTIONED IN THIS ARTICLE
New York Times Service
Washington
Treasury
Savings and Loan Associa
Congress
Serenom
United States League of Savings Associations
Trade Association
American Bankers Association
Reagan
Donald T. Regan
Charles A. Bruning
The
Bankers Association
RV sales rise in 1981 hopeful for rebound
In Detroit AP report RV builders see improved 1981 demand signaling recovery from the "disaster years" as manufacturers shipped 239,100 units up 31.8 percent from 1980. Output peaked at 582,900 in 1972, and exec James Summers warns of a potential boom if the economy improves.
MENTIONED IN THIS ARTICLE
Detroit
James B. Summers
Recreacer Vehicle Dealers Association
Moody's downgrades debt of nine large bank holding companies
Moody's Investors Service cut long term debt ratings from Aaa for nine major bank holding firms including BankAmerica Chase Manhattan Chemical, Manufacturers Hanover, Continental Illinois, First Bank System Northwest Bancorporation Mellon National National City and others. Short term debt fees remained unchanged.
MENTIONED IN THIS ARTICLE
New York
Moody's Investors Service
Aaa
Moody’s
BankAmerica Corp
San Francisco
Chase Manhattan Corp
Chemical New York Corp
Hanover Corp
Continental Ilinois Corp
Chicago
First Bank System Inc
Northwest Bancorporation
Minneapolis
Mellon National Corp
Pittsburgh
National City Corp
Cleveland
Citicorp
Bankers Trust New York Corp
J.P. Morgan & Co
Morgan Guaranty Trust Co
Moody's
Should average investors dabble in stock index futures
An exploration of futures on the Value Line Index at the Kansas City Board of Trade. It notes that futures require a large margin, about 6 200 dollars for a 62 000 dollar contract, and that the risks and uncertain returns make speculation unattractive. It mentions options on stock market indices as a potentially better alternative.
MENTIONED IN THIS ARTICLE
Kansas City Board of Trade
Arnhold Bernhard &Co
Warning Against Stock Index Futures And Options Boom
Traders face high risks as cash settled stock index futures could wipe out margins and trigger liquidations. Congress seeks hearings while regulators warn amateurs may be drawn to this complex trading. Options on indexes offer a cheaper, limited risk alternative with potential demand growth yet may shift money from stock purchases. Don’t dive in.
MENTIONED IN THIS ARTICLE
Federal Commission
Kansas City
New York Stock Exchange
Also Mentioned on This Page
Raybestos-Manhattan Inc
Hit-Shear Industries Inc
Automotive
Rayhestos- Manhattan
Aerospace
Hi- Shear Industries
White House
Supermarket’ Banking
MasterCard
Pittston
Pittston Co
Orlington Northern Inc
Burlington Northern Air Freight Co
Newport Beach
Calif
United States
BankAmerica
Varting G. Vartan
Alan R. Shaw
Smith Barney, Harris Upham & Co
U.S
Jon Newman
2Nd
U.S. Circuit Court of Appeals
Chester Carlson
Fed
ALCO
Alco Hunt
Auburn
Paul Lattimore
Power Inc
Powerway
Peter
Alton
By Sylvia Porter
Futures Exchange
Chicago Board of Trade
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