Need More Than Sympathy for Utilities
Utilities face a dilemma as heavy borrowing, rising fuel costs, and weak equity markets squeeze finances. Credit ratings fall, dividends may be cut, stock issues become harder, and construction stalls. Analysts warn of aging plants, rising prices, and possible government intervention as investors price in nationalization.
Wall Street prestige fades amid Congress tax clash
Private advices say Congress finance committees growl at Wall Street as stock prices slump. Treasury aims to limit industrial revenue financing, while Burns backs Davis Bacon tweaks to widen labor markets. Accounts urge tax losses harvesting and switching to quality stocks, with preferreds favored in utilities for future financing.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American Newspaper Alliance
New York
Washington
Congress
Wall Street
House
Senate
Wall
Ways and Means Committee
Treasury
William Simon
Simon
Federal Reserve
Arthur Burns
Ford
Market closes Mixed as Dow Ends Down 3.29
The Dow Jones Industrial Average closes at 654.88 on Friday, down 3.29 from the prior week while the Associated Press average rises to 218.9, up five points. Indicators suggest profit taking trimmed gains last week, with midweek losses offset by a late-session recovery near last week’s levels.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Wake Forest hosts evening seminar for non accounting managers
A 13 even ing seminar at Wake Forest University Winston Salem runs Mon and Thu 7 to 9 30 p m from Nov 4 through Dec 19 and aims to teach financial and managerial accounting to non specialists with lectures discussions problem solving and case analyses.
MENTIONED IN THIS ARTICLE
Wake Forest University
Winston-Salem
Jack D. Ferner
Babcock Graduate School of Management
Ferner
J. Timothy Heames
Babcock School
Center For Management Development
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High Point Enterprise
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Ourhai Lifé
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Assoc Am
N.C
Alion
First Mississippi Corp
Rmic Corp
Frate Corp
Rahall
Clude
Reid-Provident Labs
Rex Plastics
Farmers New World
Ga American Furniture
Forsyth Bank & Trust
Sea Pines
Av Bankers Trust
Vic Franklin
Bassett Furniture
Financialite i Shoneys
Aya
Guardian Carp
Sonoco
Blacks Inds
Heilig Meyers
SC National Corp
Brenner Inds
Henredon Furniture
Southern Nat, Corp
Burnup & Sims
Hickory Furniture
Spartan Food Systems
Burris Inds
Cameron Finance
Synercan Corp
Cannon Mills
Kenan Transport
Ta Am Televent Leasing
Ma Carmine Foods Ee 4
Lace Inc
Isa Textiles Inc
Carolina Cas
2 Lane Co
Thathimer Gros. Wa. Car. P&l
Leggett & Pratt
Transco
Carolina Wise Flo
Washington Group
Ae C
S.C
WC Natural Gas
Wi Shield Ca
Coca-Cola Ca
Northwest Fin. Corp
Ta Wik Corp
Tia
Colonial Life
Wright Machinery
Ae AM Conner Hames
Danial Internat
Phillips Fescue Va
Diamondhead Corp
Thor
Tams
Ab & Sond
Aso
Siti Jasono
Wilbur M. Currie, Cla
Truennamy
W. High ST
China
Peoples Republic of China
Atlas Travel Service, Inc
High Point
Luxary
Ray Hubbard
North Carolina
Federal Reserve Bank of Richmond
Wilmington Standard
Asheville
SMSA
Raleigh
Durham
Fayetteville
Smsass
Faytteville
Greensboro- Winston-Salem-High Point
Charlotte
Charlotte Smsa
Gastonia Smsa
Kinston
Wilson
Hickory
Anserphone
N. Main ST
Eri
Granville
Mayflower
Granville Moving
Hamilton St
Fred P. Newby
Steve Foster
Craig Newby
MGR
Triad Air Charter A Division of
Paul H. Gibson Leasing Co., Inc
Greensboro
Winston Salem
Trinity
England
van Statint
George P. Clark, C.L.A
Tyne Eee CA
Lindsay Street
Income & Capital Associates, Inc
Capital Creation, Accumulation & Managemen