Economists foresee rising real income boosting spending this spring
Four major research groups including Argus Research Continental Bank Merrill Lynch and UCLA predict real disposable personal income will rebound this year after a year and a half of decline Inflation falls and tax rebates spur a second quarter surge while spending and saving patterns vary by group The outlook calls for modest income gains through 1976 with inflation easing and no imminent double dip in inflation driven recession.
MENTIONED IN THIS ARTICLE
Copley News Service
Wall Street
Argus Research Corp
Economics Department
Chicago
Continental Bank
Merrill Lynch
Pierce, Fenner & Smith
UCLA
Albert H. Cox Jr
Lionel D. Edie & Co
Cox
Helen Scott
Argus
Ted Tung
Robert Williams
Williams
Tung
NYSE Quotation Snapshot Dow Jones Averages and Stocks
NYSE 2 PM quotations show a wall of tickers led by gains and losses across major names including Getty GettyGas PacNet and US Steel. The list features numerous investors such as Heinz Pfizer Dow components and consumer goods firms with varied price changes and volume signals.
Stock market downturn on New York Exchange
Prices retreated broadly as short term rates rose. The Dow fell to 805.54, down 8.60, with 952 declines to 415 advances among 1,762 issues. volume 16.43 million shares. Polaroid slid under one point after signaling SX-70 profitability concerns but plans a cheaper model next month. GE eased slightly as AT&T warrants traded modestly lower.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
American Telephone & Telegraph
API
American Stock Exchange
Byva
Dixlyn Corp
Gia Ora
Frontier Air
Kaiserin
Ye Kirbyind
Tosh
Lee Natl
McCullch
Syntex C
Commodity closings and prices from Madda Trading Co
Today's closing quotes list London gold at 1467.75, May gold 167.90, June silver 4.35, July platinum 148.90, copper 54.8 cents per pound, May wheat 4.3944, May corn 2.827, May soybeans 5.5844, June live cattle 44.60, live hogs 47.00, pork bellies 73.00, eggs 44.95 cents per dozen, Maine potatoes 3.76, plywood 134.80, cotton 44.8 cents per pound, sugar 25 cents per pound.
MENTIONED IN THIS ARTICLE
Bangor Pn Nu
Bath Ind
Curtiss Wb
Cyprus
Bell Hwi
E- DanAiv
Bendix
DanaCo
Beth Steel 2A
Dart
Black&o
Dayco
Vo Boeing
BoiseCas
Borden
Wwe
Dennison
Branift Wb
Omas Diebold
BritPet
Vo Disney
BrGrup
OrPeppr
Brunswk
Bomem M
Bucyrus
Dresser
Sy DuPont
Basco Co
CBS
Exxon
wWr
Faberge
Chessie
Farah Mtg Ea
Chris Craft
FerroCorp
Va FoodFar
FordMo
Colgate
ConsFd
Ase
Steel Ind
London
Maine
Also Mentioned on This Page
By Donald C. Bauder
Scottsdale (Az
Daily Progress
Dow Jones
Rove
Gerber Pd
GettyOt
Gillette
Global
Goodric
Goodyr
Grand
Grant
Great A&p
Gitmeck
Giwsfin
Giwtu
Gila
Grynd
Heublin
Hewitt P
Hilton Ht
Hobart C
Hof Electr Hal Inns
Homstake
Honywi
Houslp
Howardd
Hewmt Cp
Idaho P
Ul Pwr
Imperial Cp
INA Cp
Inexco Oil
Ing
InspCoppr
BM Corp
Itek Corprin Janizen Jett
JonnMy John&j
Jostensing
JoyMig Kaisra
Kancso Kange Kansn Kanplt
Kayser R
Kenmdl
Kencott Kerr M
Nee Kerr
Kidde W
Kimber Klm
Airl . Knight R
Macy
McLean
Mead
Merck
Mm&m
Monsan
Va Morgjp
Ye Morrska
Ide
Motorola
MtStTel
Nabisco
Va Nev Pw
Norfolk
Ws S
Sbyat Jy
Norton S
Ohio
PacGas
PacPetri
T&t
Pan AmAir
Pepsico
Pfizer
Va PhilaEt
Va PhilipMa
Va Phillips Ind
PhilPet
Pillsbry
PSEAG
RCA Corp
Vo qReading Co
Wa Ve RepSil
Revion
Rey Ind
ReyndMet
E— Vo Robshaw
Roy D
Asvr
StroMm
StRegis
Sang Elec
Schering
Sears
ShellOil
SterraPc
SignalCo
Simusc
Wa Singer Co
Smithkline
SouthCol
We Sonres
SoPacif
So Rand
SteiiDra
Tandy
Twcfox
Unocal
UN Pac
VM US
US Ind
US Steel
UniTel
UnivsOll
Utah
Utah PL
UV Indusig
Varian
WarLam
WsBanc
Wunion
Westh el
Misch
Wst
ZaleCorp
Zayre Corp
ZenithRad
Zurn Ind
Indus
Allied St
Alcoa
AMAX
Am Airlines
Am Motors
Amt&t
Vila
Apeco Corp
Armco
Va AsninQilta
Anricht
Atlas Corp
Avco
Be Corp Avnetinc
Bath&Wil
BakerOut
Gap
General Electric
Jaccuzie
Carecrook Rd
Carefree Dr. Carefree
Arizona
Joe Vaccaro
Assoc
American Exchange
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
Everest & Jennings
Electric Expert
Bennett Hanee -E- He
Medicare Information Center
E. Indian School Rd
Miller Plaza
Investment Consultants
N.Y
Dancause Investments
Dancause Com
Sulto
Third Ave
J. Milton Newton, Inc
North Central Avenue Financial Center
Phoenix
Business
Ween Ae U
Sunburst Hotel
N. Scottsdale Rd
St. Petersburg
Tampa
Miami
Ft. Lauderdale
Orlando
Jacksonville
Houston
Jackson Miss
Tucson
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