Gun ammunition suddenly in short supply
Hunters and hobbyists have depleted shop shelves since the Connecticut school shooting in December. It's 'a Black Friday atmosphere,' one store manager says.
Ammunition is getting scarce for gun owners, and some people suspect the recent school massacre in Connecticut is one reason behind the run.The largest seller of guns in the U.S., Wal-Mart (WMT), is limiting sales of ammunition at its stores to three boxes per customer a day.
And it's not only Wal-Mart. Over the weekend, gun owners in Myrtle Beach, S.C., lined up outside the local Bass Pro Shops store.
The store's operations manager, Brad Andrews, told WBTW-TV there's been "a bit of a Black Friday atmosphere" at the shop for several weeks now as hunters and gun hobbyists try to stock up from any new shipments of ammunition.
Sales of guns and ammunition have reportedly risen sharply across the country since the Dec. 14 elementary school shooting.
"It probably has something to do with the recent event in Newtown, Connecticut, the shooting out there," said would-be ammunition buyer Richard Harney. "People just went out and bought it all out. The demand is there, we just saw it, a lot of ammo was off the shelves in two minutes."
Another gun owner at the Myrtle Beach Bass Pro Shops, George Schultz, believes the run on ammunition is due to fears of an impending government crackdown on weapons. "People are scared," he said. "I guess they’re just loading up on whatever they can, and it’s just a shortage."
The website for Ammunition to Go, based in Texas, alerts potential customers to shipping delays of 24 to 26 days due to the high volume of orders.
Law enforcement is also feeling the ammunition pinch. The Metropolis, Ill., Police Department can't find ammo for its .40 caliber semiautomatic pistols.
"We've been told from our supplier that pistol ammunition is almost become nonexistent," Metropolis police chief Harry Masse told KFVS-TV. He notes the ammunition shortage is also driving up costs.
"I used to complain when they cost us 7 to 8 cents a round," he said. "Now they're costing us 30 cents a shot. And there's 50 rounds per box. So it adds up quickly."
More on moneyNOW
Limo pat:
Everyone has firearms now. The folks have fear this Secular progress fed gov't is doing things which are forcing them to protect themselves.
The laws coming out of Washington like Fema able to confiscate food and other goods from homes during emergencies is frightful to many.
When Homeland Security is purchasing 7,000 Full Auto M16s and calling them a Personnel Protection Device, but the AR-15 which is semi-auto for civilian use is being called an assault weapon, people fear the Fed is gearing up for something.
When the leaders of the Federal Armed forces (Army, Navy, Marines, Air Force, Coast Guard) are being asked if they would order their troops to fire on American civilians before they will be allowed to lead troops, that is making the average American citizen very disturbed and cautious.
When Black Ops Helicopters are being used in "training exercises" in our cities without most citizens even knowing about them ahead of time, it gives pause to people thinking is this for real?
The Fed Gov't under this Administration is giving out some dangerous signals.
Just how much ammunition has been bought by the USG. I read recently that the SSA purchase millions of rounds of 40 cal ammo as did DHS, IRS and other alphabetic soup agencies. Did the SSA purchase this ammo to protect themselves when they deal with the irate public, or the limit its liability by limiting the number of old folks in the system. OH, Gosh, OBAMA care is setting that up for them. It's all a mess.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
RECENT POSTS
The lingerie chain says it lacks the scientific background to make and sell a prosthetic-ready mastectomy bra that consumers have petitioned for.
- Tornado shelters become a vital business
- Why hugely profitable ESPN is laying off workers
- DC is doing nothing to fix the economy
- Apple's overseas hoard unfair to taxpayers
- Farmers cultivate drones as new high-tech tool
- Models have it easier getting into US than engineers
- Some of France's richest taxed more than 100%
- Bernie Madoff earns sweatshop wages in prison
- Motor home sales rise in hopeful economic sign
MARKET UPDATE
[BRIEFING.COM] Stocks ended modestly higher as the S&P 500 climbed 0.2%, and the Dow added 0.4% to register its 19th consecutive Tuesday of gains.
The major averages saw little change during morning action, but afternoon buying interest helped lift the indices to session highs. Most cyclical sectors (with the exception of materials and technology) finished among the leaders, but the defensively-geared health care sector settled atop the leaderboard as biotechnology outperformed. ... More
More Market News
TOP STOCKS
In this installment of Investor Beat: Best Buy and HHGregg fight to stay alive. And shares of Dow component Home Depot hit an all-time high.
MSN MONEY'S
- Shared
- Commented
- Viewed
