Market Outlook and Energy Stocks Amid Fed Policy Shifts
The section analyzes Fed actions boosting the federal funds rate to mop up the money supply, pressuring the Dow from 875 back toward 850 and signaling further downside risk. It notes banks raising prime rates to 7 percent, mixed loan data, and a widening fiscal deficit forecast for 1978, while highlighting energy and blue-chip plays poised for potential gains. It also references specific firms like Dresser Industries and Mitchell Energy with near-term earnings expectations and price ranges.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Reserve
New York City
Office of Management and Budget
Lance
IBM
Carter
Arthur Burns
U.S
Babcock & Wilcox
Kewaaee
Argo Petroleum
Chemetron
Siliconix
Sullair
Mitchell Engery
Petro Lewis Corp
Senate
Plymouth Introduces Sapporo Small Car For 1978
Plymouth will add the Sapporo to its 1978 lineup, a four passenger two-door subcompact with four cylinder engine and MCA Jet system for better fuel economy and cleaner exhaust. Pete Rubena of Desert Chrysler-Plymouth says the model expands the dealer range of small cars and targets first time buyers and new or growing families.
MENTIONED IN THIS ARTICLE
Plymouth
Japan
Sapporo
Chrysler-Plymouth
Pete Rubena
Desert Chrysler-Plymouth
Realtors Assisting Women’s Charity Receives Monthly Award
Bates and Springer Realtors select Temporary Assistance to Women Inc. TA W founded January 1977 in Las Vegas to provide emergency housing and advocacy for women and children facing domestic violence, assault, rape, or family crisis. Ellen Olufsen and Ninfa Daniel drawn the winner.
MENTIONED IN THIS ARTICLE
Bates and Springer Realtors
Women Inc
Ellen Olufsen
Bates and
Springer Realtors
Ninfa Daniel
Temporary Assistance To Women Inc
T.A.W
Las Vegas
Clark County
Airline seeks new gateway to Europe from Minneapolis-St Paul
Western Airlines has filed with the Civil Aeronautics Board to provide trans Atlantic service naming Minneapolis St Paul a gateway to Europe. The route would reduce the need for passengers from Las Vegas to travel to Chicago New York or other congested points. Current service patterns require flying opposite direction from the intended European destination.
MENTIONED IN THIS ARTICLE
Western Airlines
Civil Aeronautics Board
Minneapolis/St. Paul
Europe
Las Vegas
Chicago
New York
Norton named VP and manager of Nevada National Bank office
Jack Norton has been named vice president and manager of the bank’s main Las Vegas office according to Vince Longquist. Norton, a Washington native and Washington State University and American Institute of Banking graduate, now lives in Las Vegas with his wife Janet and their four children.
MENTIONED IN THIS ARTICLE
Jack Norton
Nevada National Bank
Las Vegas
Vince Longquist
Norton
Washington State University
American Institute of Banking
Klickitat, Wash
Janet
Manager Appoints Shirley Richards Assistant Manager
D Mark N Miscevic and Jack Mathews and Co. announce Shirley Richards has been named assistant manager at the Paradise Valley office. The move follows the appointment of D Mark N Miscevic as general sales manager and Jack Mathews and Co. expands its leadership team.
MENTIONED IN THIS ARTICLE
D. Mark N. Miscevic
Jack Mathews and Co
Shirley Richards
Paradise Valley
Bio Dex By Ken J Michaels Bio rhythms chart use tips
The page explains a computerized biorhythm chart called Bio Dex. It instructs locating birth month, reading intellectual emotional and physical readouts, and summing three numbers to obtain a biodex value. Warnings address temper at negative cycles and safety tips for DIY repairs and ladder use.
Market Slumps as Prime Rate Rises and Stocks Fall
UPI reports a bleak end to the week with the Dow at 808.30, the 2 year low. Citibank raises its prime rate to 7 percent, followed by other banks amid Fed uncertainty and White House pressure on the Fed.
MENTIONED IN THIS ARTICLE
Frank W. Slusser
UPI
New York
White House
Federal Reserve Board
Dow
Citibank
Fed
Arthur F. Burns
Blyth Eastman Dillon
Harry Laubscher
Wall Street
Carter
Western Firms See Upswing In Fourth Quarter Forecast
Prudential Insurance Company panel sees positive outlook for Q4 1977 across 13 Western states with 69 percent expecting higher dollar volume, 18 percent a drop, and 13 percent no change. Southern California Arizona Nevada respondents show stronger optimism with 73 percent up, 16 percent down, 11 percent steady. Year over year, 82 percent foresee identical Q4 results. finance and trade lead with 87 percent expecting an upswing, construction and agriculture at 83 percent.
MENTIONED IN THIS ARTICLE
Prudential Insurance Company
California
Arizona-Nevada
Also Mentioned on This Page
Johannes Steel
Walk Street
Dresser Industries
NYSE
Mitchell Energy
Mitchell Energy & Development Corp
OTC
Ings
Realtors Assisting Women’s Charity
By Ken J. Michaels
Dex
Wall Street Journal
Labor Department
Citicorp
New York Stock Exchange
Standard & Poor
National Association of Securities Dealers
Unes Hotel and Country Club
Santa Claus
Mexico City
Zodys
Katie AV
Flamingo
Voy
TNS
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