Money report boosts prices in late trading
The Dow rose 3.04 to 1,226.52 in early trading as traders weighed Fed money supply data. The Fed reported a 2.4 billion drop for the seven day period ending Oct 19, helping sentiment. Humana Pan Am and others posted gains while overall NYSE declines outpaced advances 9 to 5. volume was 81.18 million shares.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
U.S
Humana
Pan American World Airways
Dow Jones
NYSE
York
IBM
Jewell
Mgmua
Amacmp
Arizps
Matle
Arkla
Clorox
Petrie
Colecos
ProctG's
EsKod
Exxon
Andy Ass
Pierre Rt
Parker Hannifin
Excello
Fruehauf
Sybron Allied Corporation Goodach Wy ‘Exes Uthtres
AMF Inc
TC Industries Am Toledo Edison
AmerShip Building
Mi Lear Siegler
American Standard Midland
Walco National Br
Ns National Gypsum Sh Woolworth
Congress Malls Curbing Phone Hikes Sparks Consumer Fears
Consumer groups fear FCC access charges tied to AT&T split could raise basic phone costs for low income households. The charges aim to replace subsidies from interstate tolls, with local rate decisions mostly state regulated. AT&T and local phone firms oppose, while many consumer groups back the bill as a national reform. Congress debates pace and impact ahead of potential presidential action.
MENTIONED IN THIS ARTICLE
Congress
FCC
At&t
American Telephone & Telegraph Co
Congres
Max Weiner
Consumers Education and Protective Association of
Philadelphia
Timothy E. Wirth
Dcolo
Reagan
House
Gold loses shine as dollar strengthens amid global crises
Investors dismissed crises from Beirut to Grenada as gold failed to rise. Analysts say a stronger dollar reduces gold appeal, with prices slipping and the metal losing its status as a safe haven while U.S. assets attract more demand.
MENTIONED IN THIS ARTICLE
Stephen Platt
Heinold Commodities Inc
Chicago
Organization of Petroleum Exporting Countries
United States
U.S
Douglas pact rejected by McDonnell Douglas workers
United Auto Workers members in three states voted 4,042 to 854 to reject a three year pact offering annual 3 percent bonuses but no permanent raises, with limited cost of living raises and health benefits. The contract mirrored the one rejected before the Oct. 17 strike, and another union threatens to walk out if a better offer isn’t obtained.
MENTIONED IN THIS ARTICLE
Long Beach
Calif
McDonnell Douglas Corp. Aerospace
United Auto Workers
Also Mentioned on This Page
Money Report
Stewart
TV 35
Lowell Gloria Erickson
Joan Li
John Handyside
Eira
Pia Aie
Federal Communications Commission
Sions
Senate
Wirth
Arlington
Public Citizen’s
Congress Watch
The
Consumers Union
Pearce
Information Age Economics Inc
Chicago Tribune
Beirut
Grenada
Martin McNeill
Sinclair Securities Inc
London
Commodity Exchange
John Witmer
Continental Illinois National Bank and Trust Co
Platt
James A. Microp
Ole Weiner
Igo Stove
Ots
Uaco Matt Itmn EE OE Mate Chronicle-Telegram
DeSantis Distributing Company
Chronicle Telegram
Peter DeSantis
DeSantis
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