Word: ketting
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...London gold pool, stop selling gold to foreigners on demand, support the dollar by buying and selling foreign currencies as other countries do. (The Treasury promptly denied any such intention.) Then there were reports that South Africa, the leading gold producer, might switch from Britain to France to mar ket its metal. South African Finance Minister Nicolaas Diederichs scarcely quelled that worry when he commented last week: "A change isn't impossible...
...midst of an otherwise dull mar ket, the New York Stock Exchange last week established an interesting new record. The exchange traded its 1,899,495,015th share of stock this year, exceeding the record for annual turnover that had been set only last year. Nobody in Wall Street knew for certain what the final quarter of the year would bring, but if activity continues at the pace of the first nine months, about 2.5 billion shares should change hands before the year ends...
...dress that is close to the body, with a flared skirt and four rows of horizontal stitching; it is considered the best trend indicator. "It's the princess line all over again," says a buyer. Like Ohrbach's, Alexander's was active in the Italian mar ket too. It will display a stunning brown wool trench coat by Heinz Riva with an oversize paper-clip belt ("Everything is belted this year-the belts go any place from right under the bosom to down over the hips...
...economic terms, Arab leaders are obviously playing a risky game. For all their threats, most Arab states would probably be reluctant to nationalize foreign oil properties, since they lack the technical and financial resources to mar ket oil on their own. Most likely, the Arabs are merely angling for more profitable revenue concessions from the oil companies. Yet the cost of such gains may well be a permanent loss of customers forced to find alternative oil sources during the boycott. The Arab strategy is having virtually no effect on either the U.S. or Israel.*The U.S. had been getting less...
Discounting the Drop. Many an economist, businessman and politician, though heartened by the figures, still had to be shown. But not the stock mar ket. Investors have largely discounted falling profits; no sooner did Chrysler Corp. announce a 71% drop in earnings than Chrysler stock went up. What interests the market now is the general economic outlook. On Administration reassurances that it is going to get better, the Dow-Jones industrial average rose for seven straight trading sessions, closed last week...