Drought Drives Speculative Buying in Corn and Soy Futures
The Midwest drought spurs aggressive speculative and commercial buying in corn and soybean futures as rainfall forecasts trigger price volatility. Iowa cites a 20 to 70 percent potential drop in corn output across 40 counties. Livestock futures show mixed moves amid rising grain costs and uncertain consumer pricing. Silver futures retreat after gains, yet overall market sentiment stays firm amid inflation worries and impeachment uncertainties.
MENTIONED IN THIS ARTICLE
Fred Schaffer
Bache & Co., Inc
Midwest
Iowa
SRP Announces Major Cost-Cutting Campaign
The Salt River Project launches a broad cost-cutting drive to curb inflation effects and limit a potential rate increase. SRP cites 1974 construction costs $25.8 million over budget and 1975 up by $45 million, with labor and fuel costs surging. steps include hiring freeze, 10 percent O&M cuts, travel and vehicle reductions, and no new car purchases in 1975.
MENTIONED IN THIS ARTICLE
Salt River Project
Rod J. McMullin
SRP
McMullin
Lsted
NYSE Closing Quotations Summary of Selected Stocks
Readable NYSE close shows varied gains and losses across many blue chips including Am Airlines AmCan Exxon CocaCol Colgate and Boeing. Notable moves include high percentage shifts for Alcoa AmStar Ampex and General Electric with mixed results across sectors and key industry groups.
Wall Street Traders Look for Caution Amid Market Swings
Merkin & Co warns there is no definite bottom in sight and erratic swings may dominate in the weeks ahead. Reynolds Securities notes growing interest in options trading on the Chicago Board Options Exchanges with 32 available issues and favorable premiums versus OTC options.
MENTIONED IN THIS ARTICLE
New York
UPI
Merkin & Co
Reynolds Securities, Inc
Chicago Board
Reynolds
Chicago
American Exchange NEW YORK stock selection report
American Exchange in New York lists selected stocks on the American Stock Exchange as of this API filtered report. The snippet notes API sourced selections, with no further financial figures or company names readable in the fragment.
MENTIONED IN THIS ARTICLE
NEW York
API
American Stock Exchange
Commodity Closings Report From Market Desk
Commodity close quotations from Fred Schaffer list London gold at 155.50 down 3.50 per ounce, Aug. silver 4.53 down .16, Oct. platinum 196.80 down 9.70, Sept. copper 80.20 down 4.30 cents per pound, Sept. wheat 4.32 down .20, Sept. corn 3.59 down .10, Sept. soybeans 8.55 down .20, olive cattle 49.60 up 1, Aug. live hogs 38.45 down .47, Aug. fresh eggs 43.30 down 2.00, Nov. Maine potatoes 4.61 down .29, Dec. cotton 52.30 down 1.32, Sept. plywood 109.60 down .40 per thousand square feet.
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General Motors Dealer Seeks Number One Sales Manager
The COOL SAN DIEGO ad invites a solid citizen with managerial experience and full understanding of hiring training and closing to join GM dealer operations. The dealer, selling over 2000 cars annually, aims for 3000 and offers generous compensation for those who prove capable. Send responses to Box 888.
MENTIONED IN THIS ARTICLE
General Motors
Dow Jones Averages Report
Dow Jones closing averages show gains and losses across sectors. Industrials up 1.48 to 752.58 while transport and utilities decline. overall market activity shows 10.11 million shares traded.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Stock Prices End Mixed on Quiet NYSE Trading
The Dow gained 1.48 to 752.58 marking a rare rise after six straight declines. Declines outpaced advances 735 to 544 with 1,706 issues trading while the S P 500 slipped 0.19 to 78.58. Volume about 9.7 million shares amid uneven early session action.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Standard and Poor
No recourse after prize stereo deal misleads buyer
A reader bought a stereo for over 350 dollars from a store advertising it would meet or beat any price. After installation, other shops sold the same model for about 50 dollars less. The adviser says the ad is an invitation to bargain, not a guarantee of low prices, leaving the buyer with no recourse.
MENTIONED IN THIS ARTICLE
G. B. Denton Copley News Services
Systems Institute Opens For Business
The Institute of Systems Development Inc at 7736 E Rancho Vista Dr has opened offering contract systems analysis. President Timothy A Miller says businesses can now obtain outside analysis without buying a full custom package, lowering overall installation costs by using their own staff for programming.
MENTIONED IN THIS ARTICLE
Institute of Systems Development, Inc
E. Rancho Vista Drive
Timothy A. Miller
Institute
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