Market gains lift New York stocks on earnings and defense bids
Oil, defense and cost-processing stocks led a broad rally as New York stocks hit fresh highs. The NYSE composite rose to 65.98, with Amex and NASDAQ also advancing while the Dow edged higher. Boeing and Lockheed gained amid higher defense spending prospects. Coca-Cola bottlers may use more corn-based sweeteners as syrup makers rise on earnings. Volume on the Big Board climbed to nearly 60 million shares as markets stayed brisk.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Stock Exchange
Dow
Carter
Congress
McDonnell Douglas
Boeing
Rockwell International
Sperry
Lockheed
Coca-Cola Co
NYSE
Standard & Poor
SKP
Sparrows Point Bethlehem Plant Booms Amid Modernization
Bethlehem Steel's Sparrows Point plant in Maryland remains competitive with rivals due to modernization. Plant manager Russell Jones cites improved operations and the opening of a 1,000-ton-a-day blast furnace as a major boost, with the facility employing 18,500 and a $450 million payroll.
MENTIONED IN THIS ARTICLE
Sparrows Point
Bethlehem Steel Corp
Bethlehem
Russell Jones
Executive shifts mark aerospace and finance moves
Former astronaut Michael Collins resigns as Under Secretary of the Smithsonian to join Vought Corp in Washington D C. He led the Air and Space Museum construction before 1978 appointment. New Under Secretary is Phillip Samuel Hughes. Carolyn Polony named deputy director of Maryland Commission on Human Relations. Angie Harcum becomes manager of Glen Burnie office for Baltimore Federal Savings & Loan. Doon E. Back named VP manufacturing at Food Fair. Willem V. McHughber named VP at Chensie Resources.
MENTIONED IN THIS ARTICLE
Michael Collins
Smithsonian Institution
Vought Corp
Aero- Space
LTV Corp
Washington, D.C
Collins
Smithsonian
Air and Space Museum
Phillip Samuel Hughes
U.S
Bureau of the Budget
Carolyn 1. Polony
Maryland Commission On Human Relations
Maryland Attorney General’s Office
Georgetown University Law Center
Angie Harcum
Pew Glen Burnie
Baltimore Pederal Savings & Loan Agen
Salisbury
Doon E. Back
Compass Fonds
Great Atlantic & Pacific Tel Co
ARP
Food Fair Inc
Willem V. McHughber
Chensie Resources Inc
Chessit
Investigate all terms before borrowing money
The Maryland Association of Certified Public Accountants urges careful term scrutiny before any loan. Compare APRs, interest, finance charges, and repayment schedules, including car loans and second mortgages, to avoid costly choices. If credit is refused, you can request a credit bureau file review under new federal rules.
MENTIONED IN THIS ARTICLE
Maryland Association of Certified Public Accountants
Association
Maryland Cpa
CPA
Credit Bureau
Board of Governors of the
Federal Reserve System
Washington, D.C
Liquidation in Inflation Adjusted Reports Hits Giants
John Cunniff notes inflation adjusted annual reports will show many so called giants like General Motors in liquidation danger as profits are overstated by old cost bases. Value Line’s Steven Lewins says masking the problem will risk future growth and heighten debt, inflation, and interest pressures.
MENTIONED IN THIS ARTICLE
New York
General Motors
Steven Lewins
Value Line
Lewins
Saudi oil price hike lifts OPEC benchmarks to $26 a barrel
Saudi Arabia raised its base crude price by $2 to $26, retroactive to Jan 1, boosting the OPEC price for Arabian light crude to about $28 per 42 gallon barrel. The move, following a $8 boost in December, broadens prices across OPEC and could lift U.S. fuel costs slightly. US imports from Saudi Arabia averaged 1.35 million barrels daily in early 1979.
MENTIONED IN THIS ARTICLE
New York
Saudi Arabia
Organization of Petroleum Exporting Countries
U.S
Exxon Corp
OPEC
Nigeria
Indonesia
Energy Department
United States
Middle East
Caracas
Venezuela
Nicosia
Cyprus
Iraq
Kuwait
The
United Arab Emirates
Qatar
Also Mentioned on This Page
Internal Revenue Service
Council
EPA
OSHA
Department OF
MD. Assn. of
Cpas
Dow Jones
Bethstrah
Chessie
Coca
Exxon
Fairchild Ind
Gulf Oil
Harris
IBM
Eroart Litton
Marriott Corp Bt
MD Natl Cp
Mercantile Bokshi
Mobil
Philwu
Penney
al Sears
Tandy
Texaco
Undigd Warner L
Watkins J
Baker Watts & Co
Frederick
John Cunniff
Iir
the News
Frederick, Md
Comsat
Federal Communications Commission
Baltimore Federal
All
Frederick Towne Mall
Ipslic
Renneirby
Renn
Renn Kirby
Pontiac
N. Market
Etropolitan Federal Savings and Loan Association
Levinis
AUS
U.S. Poute
Grove Mill
Fredenci
Stece Geeragy
Mnes Anan Mery Tang
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