Energy Futures No Small Potatoes for Revived Merc
Article Abstract:
In 1978 the New York Mercantile Exchange (Merc) was in trouble over a default on delivery of potato futures contracts. The price of a seat on the Merc had dropped dramatically and operations were in a deficit. Michael D. Marks became chairman and revived the failing Merc. Today the Merc is a leader in the trading of energy futures. In March 1984 the Merc introduced crude-oil futures, which is now the major growth commodity.
Publication Name: Industry Week
Subject: Business, general
ISSN: 0039-0895
Year: 1984
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Investors May Shun Technology for Smokestacks
Article Abstract:
The new issues market was the hottest in 1983. The reasons this market in 1983 was so unusual are examined. As the year closed, many of these new issue stocks collapsed causing investors to shift back to predictable companies.
Publication Name: Industry Week
Subject: Business, general
ISSN: 0039-0895
Year: 1984
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