Fed policy as stock market guide in modern trading
The article argues that traders closely watch the Federal Reserve for signals on monetary policy, since Fed actions affect money supply, interest rates, and investment flows. It notes the Fed’s open market committee minutes lag, while Thursday money-supply reports guide expectations of future actions and market direction.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Fed
Sion
Norton H. Reamer
Putnam Management Co
Boston
Sec
John C. Sutherland
Irving Trust Co
New York
New York Federal Reserve Bank
Amalgamaire hires pre-hire program at State Docks plant
Amalgamaire invites applications for a pre-hire training program run by Alabama Industrial Development Training for maintenance or chemical operations background workers. Applications available at Alabama State Employment Service or Chamber of Commerce with a June 11 deadline. startup planned Oct 1 for Amalgamaize corn wet milling joint venture.
MENTIONED IN THIS ARTICLE
Lee Sentell
American Maize Products CO
Amalgamated Sugar CO
Larry Gilles
Concrete Plant Sold to Littrell from Expeditor Systems
The 12 employee Concrete Manufacturing Co plant at 1201 4th St. SE has been purchased by Bill Littrell from Expeditor Systems Inc of Birmingham. New controller is Bobby Free who comes from FruehauF after 18 years. Free also runs five related entities including Hill Concrete of Decatur L and S Ready Mix of Hartselle and Littrell Ready Mix of Moulton.
Terrell Named Chairman At Sterchi Bros Stores
F Curtis Allen relinquished the chairman post and remains on the board as C A Terrell becomes chairman. Allen had chaired since 1969 while fiscal year results show sales down seven percent and earnings down 26 percent for the first six months, then a strong second half lifted sales 7.9 percent and earnings to 1.01 dollars per share, a 42 percent rise.
MENTIONED IN THIS ARTICLE
Sterchi Bros. Stores Board
F Curtis Allen
C. A. Terrell
Allen
Persian Needle opens at Agee Mini-Mall in city first
Virginia Garrett and Harriette McClendon debut the Persian Needle at 1825 6th Ave SE in the Agee MiniMall. The shop offers Persian yarns canvas hand bags music boxes safari jackets and assorted needlepoint supplies. It claims to be the citys first needlepoint supply store.
MENTIONED IN THIS ARTICLE
6Th Ave
Agee
Virginia Garrett
Harriette McClendon
Kantola Completes 40 Years at Wolverine Tube Plant
Wisconsin native Vincent Kantola was honored with a service award for 40 years at the Wolverine tube division plant. He began in Detroit in production, rose to assistant foreman in 1941, moved to this plant in 1948, and has served as shipping, stores, and traffic foreman. Kantola also leads in city parks and recreation, Scouting, and the North Alabama Traffic Club.
MENTIONED IN THIS ARTICLE
Wolverine
Vincent Kantola
Wisconsin
Detroit
Kantola
City Parks and Recreation Department
North Alabama Traffic Club
Ellis Williams Promoted to Account Executive at Union Camp
Ellis Williams has been promoted to account executive at the Union Camp Decatur plant, announced by general manager R. D. Williams. Williams joined Union Camp in 1967 as a sales representative and helped start the local operation, leveraging his direct poultry packaging sales background to drive growth at the Decatur facility. Union Camp, a major integrated paper company, operates 21 corrugated container plants nationally.
MENTIONED IN THIS ARTICLE
Union Camp
Decatur
U.S
Birmingham executive named Outstanding Young Man of America
Francis O Neill from Birmingham and a Decatur area native has been chosen as one of the 1976 Outstanding Young Men of America. He serves as vice president of administration and international operations at Astralley Vulcan Corp and participates in the Alabama World Trade Association Birmingham Red Cross and the Birmingham Area Chamber of Commerce.
MENTIONED IN THIS ARTICLE
Francis O'Neill
Birmingham
Decatur Area
Outstanding
Young Men of America Organization
Astralley-Vulcan Corp
Alabama World Trade Association
Birmingham Red Cross
Birmingham Area
Decatur Man Graduates From Singer Breckinridge Center
MAX D. KIRK of Decatur took part in the graduation exercise of the Singer Breckinridge Job Center in Morgantown Morganfield Ky He completed studies in appliance repair and plans a career in commercial heating refrigeration and air conditioning.
MENTIONED IN THIS ARTICLE
Max D. Kirk
Decatur
Singer Breckinridge
Morganfield
Rankin Leads Insurance Firm Executive From Decatur
Rankin of Decatur completes Maryland Casualty Co agents course in Baltimore. Vice president of Your Insurance Man, handling commercial lines. A Southwestern Memphis graduate, he works with the Chamber of Commerce and Junior Achievement.
MENTIONED IN THIS ARTICLE
Rex Rankin
Decatur
Maryland Casualty Co
Baltimore
Your Insurance Man
Rankin
Southwestern of
Memphis
Chamber of Commerce
Junior Achievement
Textiles hosts lawmakers and industry leaders at event
Textiles host legislators Edwards and Sen. Bingham Edwards of Decatur, Donald Comer III, president of Avondale Mills, Mrs. Jane Comer and Sen. Sid McDonald.
Insurers suffer first quarter underwriting losses rise
REGINALD STUART reports United States fire and casualty insurers posted an estimated 1.4 billion underwriting loss for Q1, up from 1.1 billion a year earlier, as inflation and a surge in liability lawsuits drive costs. Regulators had approved sizable rate increases last year, but analysts foresee limited relief in the near term.
MENTIONED IN THIS ARTICLE
Institute
Leslie Goldstein
Lehman Brothers Inc
Home costs soar to 100000 dollars as financing pushes up price
New York AP reports average cost of a new single family home reaches 100000 dollars when financing is included. In 1966 a $25000 home cost with $5000 down and 6 percent for 25 years totaled 43661 dollars. By 1976 a $45000 home with $9000 down and 9 percent for 25 years totals 99636 dollars.
MENTIONED IN THIS ARTICLE
New York
Professional Builder Magazine
TVA to hold public hearings on electric rate structures in TVA area
The Tennessee Valley Authority announces hearings at three locations to gather views on alternative rate structures. Dates include June 7 in Knoaville and June 9 and 11 in Chattanooga Florence and Nashville. Public input on lifeline, time-of-use, and marginal cost rates is invited with 15 minute speaking limits.
MENTIONED IN THIS ARTICLE
Tennessee Valley Authority
TVA
Division of Law
Knoxville
Tennessee
Also Mentioned on This Page
Stock Market
Feds
Chet Carrier
Federal
Federal Reserve
Amalgamaire
Firestone
Kantola McClendon
Garrett
Ellis
Sterchi
Union
Kirk
Alabama
Montgomery
Whit King
Monsanto
Bunny
By Reginald Stuart
Paducah, Kentucky
Commissioners Chambers
Paducah
Washington Street
TVA Board of Directors
Chattanooga, Tennessee
Continental Room
Reid House Ltd
Broad Streets
Florence
Richards Center
City Board of Education
Riverview Drive
TVA Board
Technical Library
Tennessee Valley Authority Commercial Realty Management
Knoaville
Techical Library
Chestnut Street
Chattanooga
Central District
West End
Nashville
Woodward
Washington, DC
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