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.

Commodities

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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.

Securities

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