East West trade boom with Soviet and European buyers
Western firms report rapid growth in East West commerce led by major deals. Chase Manhattan and Business International cite half a million dollars in women's fusionable English shoes for Moscow and Leningrad, a 25 million dollar Prague department store contract, 280 thousand gas masks for Yugoslav miners, an Aeroflot reservation system, 22 Pepsi bottling plants across East Europe and beyond, plus a 300 million dollar Yugoslav atomic reactor sale and large quantities of chicken and synthetic fiber orders.
MENTIONED IN THIS ARTICLE
New York
UPI
United States
Chase Manhattan Bank
Business International Corp
Moscow
Leniingrad
Prague
Aeroflot
Pepsi-Cola
East Germany
Poland
Russia
Hungary
Czechoslovakia
Yugoslavia
Pepsico, Inc
Moore to direct Hallcraft funding
Phillip K. Moore named chief financial director of Hallcraft Homes Inc. at age 40. He joins Hallcraft founder John C. Hall as president after James H. Cederquist resigned amid earlier financial troubles. Moore's prior roles include VP of finance at Alex Robertson Company and work with Robert H. Grant Corporation. Hallcraft, a $75 million firm with operations in California, Hawaii, Nevada and Arizona, has sought new working capital to normalize payments to suppliers and subcontractors.
MENTIONED IN THIS ARTICLE
Phillip K. Moore
Grant Corporation
Hallcraft Homes, Inc
Moore
Hallcraft
John C. Hall
James H. Cederquist
Alex Robertson Company
Robert H. Grant Corporation
California
Hawaii
Nevada
Arizona
American Institute of Cpas
National Association of Accountants
Hall
Hallcraft Homes
New York Stock Exchange Closing Quotations Summary
NYSE closing quotations show mixed results across major issues with several securities recording gains of up to 37 percent. Notable movers include Am Airlines and Am Can with double digit increases, while alcohol and alloy stocks show varied performance amid market volatility.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NEW York
UPI
Wall Street Bear Market Outlook Reassessed By Analysts
UPI reports Wiesenberger says stocks are in gear for a major bear market low by year end with the Dow likely to breach 700 but finish above 600. Bache & Co. advises focusing on institutional quality stocks with favorable price earnings and upside potential in high quality firms. Harris Upham notes the current selloff signals final bear-market stages and may boost liquidity for future investing.
MENTIONED IN THIS ARTICLE
New York
UPI
Wiesenberger Services Inc
Dow Jones
Harris, Upham & Co
Dow Jones Averages Slide As Trading Totals Fall
The Dow Jones closing averages showed declines with the industrials down 15.26 points to 711.59 and utilities off 1.24 to 64.90 while the overall Dow 30 fell 3.82 to 217.86. Trading volume reached 11.6 million shares versus 13.8 million on Tuesday.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Trans
Commodity Closings From Today's Market Report
Quotations courtesy of Fred Schaffer of Bache & Co London Gold 154.50 down 1.50 Sept. silver 4.50 up 0.15 Oct. platinum 189 down 4 Oct. copper 79.5 up 0.13 Sept. wheat 4.39 up 0.12 Sept. corn 3.53 down 0.0175 Sept. soybeans 7.27 up 0.01 Aug. live cattle 45.80 down 1.00 Aug. live hogs 45 down 0.55 Aug. fresh eggs 52.00 up 0.05 Nov. Maine potatoes 4.46 down 0.19 cwt Dec. cotton 50.35 down 0.07 cwt Sept. plywood 112.40 up 1.30 thou. sq. ft.
MENTIONED IN THIS ARTICLE
Amt&t
Ametek
Apeco Corp
Armcos
AtRich
Atlas Corp
Avco, Corp
Bab&Wil
Baker Oil
Bangor Pa
Bath Ind
Bell Hwi
Bendix
A. Beth Steel
Braniff
Brigss
Bris My
BritPet
BrGrup
Brunswk
Bucyrus
Budd Co
Bulovaw
Bunkerr
CocaCol
Colgate
Ag Col Gas
Cyprus
Danac
Dayco
Deere
Fred Schaffer
Bache & Co., Inc
London
Maine
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UN Pac 2.40 12 262 75% 73% Ti4— Va Uniroyal .70 43 7% V4 7Va UtdAircrs
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