Wall Street eyes comeback as glamor stocks gain
After a week up 22.87 points to 856.29 the Dow remains about 200 points below its 1973 high while the NYSE index lingers under its early 1970s peak. S&P and NASDAQ show strength with growth names IBM Polaroid Upjohn Honeywell among 12 month highs as analysts note a shift toward faster growth issues.
MENTIONED IN THIS ARTICLE
Chet Carrier
NEW York
Wall Street
New York Stock Exchange
American Stock Exchange
Dow
Standard & Poor
Boston
United Business Service
IBM
Polaroid
Upjohn
Honeywell
Standard & Poor’s Corp
P-Q
Stevens
We New York
SuuWor
SunCo
Tektrax
Telex
AutmRad
Texaco
Beverly
Timlin
Damson
TWA
Transco
EarthRes
Goldfield
Mucl
Usgyps
Usind
Ussteel
UnTech
UniTel
Ma Upjohn
Varian
Vaepw
Wachow
Waltum
WrnCom
Warnrl
Wshwt
WnAirl
WnBnc
Wunion
Westge
White Mt
Associated Press
Exxon
Drilling Rigs at 2,300 as Industry Grows
Ed McGhee of the International Association of Drilling Contractors says activity is up with over 2,300 rotary rigs active, the first time since 1958. He notes large fleet totals around 2,800 when counting non drilling units and cites regional softness in California and South Texas amid overall strong demand. Joe Sherman named VP for PR at Associates Corporation of North America in Dallas.
MENTIONED IN THIS ARTICLE
Houston
Ed McGhee
McGhee
International Association of Drilling Contractors
Defense
James Schlesinger
Schlesinger
Congress
U.S
Hughes Tool Co
The
Drilling Association
Hughes
California
Joe Sherman
Roswell
Southern Methodist University
Associates Corporation of North America
Dallas
Texas
Furr's Cafeterias Reports Best Quarter Ever
Furr's Cafeterias Inc. reports 1978 Q2 sales of 21.2 million, up 17.7 percent from a year earlier, and earnings of 1.1 million or 47 cents a share. Tax credits added 5 cents. Two new cafeterias opened in Lawton and Ponca City, with 11 future units under purchase or lease and three more planned by year end to reach 75 locations nationwide.
MENTIONED IN THIS ARTICLE
Jnk
Arizona
Alcoa
AMP Inc
Armco
Asarco AO
BankAm
Bausch
Beker
BellHow
Boein
Braniff
Beek Bueyer
EMC
KaisrAl
nigtRd Carrep
Koppis CastiCk
Kraft Catrot
Kroger
Don Furr
Lubbock Based
Furr
Furr’s
Lawton
Ponca City
Oklo
Atlantic Richfield reports higher 1978 Q2 earnings and revenue
Atlantic Richfield Co. reports second quarter 1978 net income of 210.9 million dollars, up 10 percent from 1977, with 1.73 dollars per share, while six months show 361.2 million and 2.97 dollars per share. Revenues rise to 3.133 billion for Q2 and 6.061 billion for H1. Chairman Robert O. Anderson cites higher daily oil through the Alaska pipeline and full pipeline capacity as key drivers.
MENTIONED IN THIS ARTICLE
Los Angeles
Atlantic Richfield Co
Robert O. Anderson
Roswell
Atlantic Richfield
Prudhoe Bay
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Marindy Marm
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Ozarka
Ind Pecp
Risdon
Tenneco
N.Y
Max B. Skelton
South
Mid-Continent
Lubbock, Texas
Furr’s Cafeterias Inc
North Richland Hills
Fort Worth
Lubbock
Sherman- Dennison
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Okla
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Gene Curtis Insurance
Arcon Come
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