Labor Day market clues and historic September trends
Over Labor Day weekend analysts note no clear market trend despite a rising government index. Rates stay high and Washington discord limits clarity. Yale Hirsch cites Labor Week patterns from The Stock Trader's Almanac, suggesting buy if a net gain, with mixed past results. The almanac also links September activity to Q4 performance, noting a shift after 1960 where September acted as a reverse barometer with varied quarterly gains.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Washington
Wall Street
Yale Hirsch
Hirsch
Newton D. Zinder
E. F. Hutton
Trade Winds Housing Industry Sluggish in 1975 Outlook
The housing market remains slow due to limited Fed easing, rising mortgage rates above 9 percent, cautious lenders, and a surplus of vacant apartments plus unsold homes. High unemployment and weak disposable income keep many families from affording new homes as prices outpace income growth. Analysts foresee 1976 housing starts rising but unlikely to hit two million, with higher costs for labor materials and land.
MENTIONED IN THIS ARTICLE
Federal Reserve
Library of Congress
National Assn. of
Home Builders
Business notes and local finance updates in Greensboro area
Don E. Rogers joins Bob Vaughn Realty with North Carolina broker license since 1966. Blaine Ward of First National Bank of Asheboro among 31 new chartered bank auditors. Plumbing and heating contractor exams set Oct 13 to 16 in Raleigh. Winn-Dixie stores report record year sales of 2.96 billion dollars, up 17.2 percent. Wake Forest Center for Management Development offers 10 evening courses starting September. Arthur S. Lyon joins Connecticut Mutual Life Insurance in Greensboro. Piedmont ASM chapter meets Sept 3 at Rodeway Inn with roundtable discussion and guest speaker. Federal Reserve Richmond district reports Fifth District bank loans and deposits shift for week ending Aug 20.
MENTIONED IN THIS ARTICLE
Piedmont
The
Assn. For Systems Management
Federal Reserve Bank of Richmond
Fifth
Federal Reserve District
Stock Quotes From AP and NASD Interdealer Prices
Quotations from the National Association of Securities Dealers are representative interdealer prices as of about 3 p.m. daily. Prices exclude retail mark ups, mark downs, or commissions.
MENTIONED IN THIS ARTICLE
Associated Press
National Association of Securities Dealers
Market climbs as Dow closes above 835 amid rate hopes
The Dow Jones Industrial Average finished at 835.34, up 30.58 from a week earlier, while the AP average stood at 261.6, up 8.2. The market drifted early but gained by week's end on expectations that interest rate pressures may ease.
MENTIONED IN THIS ARTICLE
Associated Press
Also Mentioned on This Page
Business Mirror
Ray Hubbard
Don E. Rogers
Bob Vaughn Realty
Rogers
Lee Institute Real Estate School
North Carolina
High Point Public Schools
Bryce Commercial College
Western Electric Co
Greensboro
Timberlake Dr
Blaine Ward
First National Bank of
Asheboro
Bank Administration Institute
Park Ridge
Ill
State Board of Examiners of
Raleigh
F. O. Bates
P. O. Box
N. C
Winn-Dixie
Center For Management Development
Wake Forest University
Mervyn A. Hayes
Connecticut Mutual Life Insurance Co
High Point
Duke University
Lyon
Ellington Agency
ASM Meeting
Don Rogers
Aerotron
Bankers Trust of
Bassett Furniture
Blacks
Inds
Branch Corp
Brenner Inds
Burnup & Sims
Shenleb
Jasond
DOW Jones
Catawba
Foodtown
Central Caro
Bank Caro Corp
Farmers New World Uy
First Union Corp
Central Vermont Forsyth Bank & Trust
Charter Bancshes Com
Franklin Life Ins
Chatham Mfg
Genl. Financial
Ava C&s Corp
S.C
Guardian Corp
Coca-Cola Co
Harrelson Rubber Co
Colonial Life Cle
Heilig Meyers
Comm Bk of Care
Henredon Furn
Hickory Furn
Investment Life& Trust
J.B. Ivey
Justin Inds
I Kenan Transport
Lance, Inc
Lane Co
Phillips Fescue
Piedmont Aviation
Piedmont Reit Oe
N.C
Quality Mills
RMIC
Rahall
Reid-Provident Labs
Rex Plastics
Mfg Tri Ava
Salem Carpet
Shoneys Big Boy
Sonoco Products
SC Natl. Corp
Va. International Va
Va. Natl. Bank TR 1634
B. Walker Shoes
Washington Group
West Knitting Corp
White Shield Co. BM
Wix Corp
Wright Machinery
Howard Stutts
Larry Forrester
William Bell
Ilderton-Dodge Auto-Truck Leasing
Red Ed Bird Cab, Inc
Ene
Highland Leasing
Highland Motors Inc
N. Main St
Olds-Cadillac
Ry Ak
Vann York, Inc
Moving & Storage
Mayflower
Granville
S.hamilton St
Fred P. Newby
Steve Foster
Craig Newby
MGR
Mexico
American Express
Mexico City
Taxco
Acapulco
Merida
Cozumel
City State
Zip
World Travel Agency
Carolina Motor Club
North Main St
NEW York Life
Tim Sims
NEW Aere Insurance CO
P.O. Box High Point
Anc
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