Fed money policy stays in focus for stock traders
Federal Reserve moves influence money supply and interest rates, shaping stock activity. Analysts urge tracking longer term trends in money growth, inflation, and GDP, noting weekly figures can mislead. Investors should monitor discount rates reserves and margin rules for clear signals.
MENTIONED IN THIS ARTICLE
Chet Carrier
NEW York
Federal
Federal Reserve
Federal Reserve Board
The
Fed
Norton
Reamer
Putnam Management Co
Boston
John C. Sutherland
Irving Trust Co
New York Federal Reserve Bank
Larry Wachtel
Bache Halsey Stuart
Putnam Management
Wachtel
British Recovery Signs Detected In May 1976
British recession shows tentative bottoming as inflation eases and output rises. Prime Minister Callaghan warns belt tightening remains for months while unions push for concessions. Treasury notes improvement since 1975 third quarter. forecast deficit exceeds $20 billion.
MENTIONED IN THIS ARTICLE
Louis Nevin
Associated Press
London
James Callaghan
Callaghan
Treasury
Trades Union Congress Labor Confederation
TexElastic Corp announces three personnel changes
TexElastic president Carl R. Harris reports promotions effective May 31: C. Ted Burgess to vice president of sales and marketing, G. Mark Ellis to manufacturing manager, and James H. Spessard to controller. Burgess and Ellis have long tenures, with families in Greensboro and High Point respectively. Spessard also resides in Greensboro with his wife and two children.
MENTIONED IN THIS ARTICLE
Carl R. Harris
TexElastic Corp
C. Ted Burgess
Burgess
Greensboro
G. Mark Ellis
Ellis
High Point
James H. Spessard
Stock Quotes Explain National Assumption of Secure Deal
The item outlines an Assocratec Press note on national stock quotes and how the assumed deal affects retailer pricing. It discusses approximate daily prices, retail markup concerns, and commissions for various representative items.
MENTIONED IN THIS ARTICLE
Assocratec Press
Qeetsrais
Secures Dealth
Iter
Pearer
Oh Approci“Ately Jom Daly Pryces Do
Navn Tows
Market Down The Dow Drops Week Ending
The Dow Jones industrial average finished at 975.23 on Friday, slipping 15.52 from the prior week.
Homelite Names New Chairman
Franklin S. Atwater, president of Homelite, has been named chairman of the Charlotte based company. Beverly P. Dolan, currently president of Polaris E-20, a golf cart maker, will become Homelite president.
MENTIONED IN THIS ARTICLE
Charlotte
Franklin S. Atwater
Homelite
Beverly P. Dolan
Polaris E
Autos Powering Economy By John Cunniff AP Analyst
Autos drive the 1976 economy as car demand surpasses expectations despite high prices and shortages. GM chairman Thomas Murphy raised forecasts to about 10.5 million cars and over 3 million trucks, with total vehicle sales possibly second only to 1973. Strong midMay rates reflect robust interest in larger cars and trucks over subcompacts.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW Yok AP
Thomas Murphy
General Motors
Murphy
Mos
United States
Detroit Economic Club
Agmost
midMay
Also Mentioned on This Page
Open Market Committee
Ray Hubbard
Senco High Point
Senco Products, Inc
Cincinnati
Ohio
William Ledwell
Bill Tucker
Charles White
Lewis
Ruth Carter
Shaklee Products Distributors
Shaklee Corp
Carters
Piedmont Dairies Inc
Wendover Drive
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
William Q. Goodman
Piedmont Chemical Industries. Inc
Queen's University
Kingston
Ontario
Canada
Goodman
Entrat Vermont
Fatnam
ora-Cota Co
Telomm BraTrsea
Hanes Bis
Fidelit Corp Vt
Cacawoa
Faso
Farmers New Word
Uman Corp
Bauss
Frankia Nie
Ds Piedmont Aviotion Piedmont
Pinkerton
Planteck
Pope Ser
Rmic Cornais
Reid
Trion Media
Uniti
Caro
Bancohs Id
Internalanat
LFE Insurance
Robert McCliston
C.L.A
S. Hamilton St
Jintegon
Chrysler
Chrysler Leasing Society
Plemouth
Dodge
Xeric
Sporty
Ilderton
Muir
Marty Payne
Ee Mack S. Pyrtle
Suione P.O
By Ae
AAA
Caribbean
Caribbean Lines
Haiti
Jamaica
Bahamas
Norway
Send
Stanwand Cou
World Travel Agency
Carolina Motor Club
North Main St
N.C
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