Economists see recovery starting mid 1975 says Jallow
Raymond Jallow senior VP and chief economist of United California Bank predicts recovery from the 1974-75 recession beginning in June 1975. He argues against doom prophets, warns against gold as a crisis hedge, favors home buying, and says stock gains and higher dividends will lift markets next year with lower interest rates and more European investment.
MENTIONED IN THIS ARTICLE
Helen L. Call
Copley News Service
Raymond Jallow
United California Bank
Jallow
U.S
Broker Switches Careers to Wash Socks on West Side
Lawrence Hetherington, a former securities broker at Bache & Co., quits after sleepless nights over clients’ fortunes. He opens a one man laundromat, works nearly 12 hours daily, charges 15 cents a pound, and reports steadier sleep and growing business. He plans expansion despite remaining skeptical about stock markets and says hard work in service can be honest, rewarding. He still watches the New York Jets and occasionally visits bars after work.
MENTIONED IN THIS ARTICLE
New York
UPI
Lawrence Hetherington
Manhattan
West Side
Hetherington
Hether— ‘Ington
Bache & Co
New York Jets
Nortrust opens Arizona trust office for wealth management
The Northern Trust Co of Arizona opens at 4350 E Camelback Rd to serve high net worth clients with on site trust management starting for portfolios above 500000. The Chicago firm stresses live service for living or will administrations with no local banking.
MENTIONED IN THIS ARTICLE
Northern Trust Co
Chicago
Phoenix
Northern Trust Company of
Arizona
E. Camelback Rd
Southwest
Robert A. Williams Jr
Williams
Edward B. Smith
Nortrust
E. Norman Stans
Gathany
Illinois
Wall Street Quotes Highlight Braniff and IBM Movements
NYSE afternoon quotations show Braniff and IBM among notable movers with mixed results. Several firms including Bucyrus, CaterTr, and CarrierC display varied prices and percentage changes as traders react to market conditions.
Market snapshot of stocks and firms reported in Scottsdale daily
Readable ledger lists numerous companies and stock values including CocaCola Colgate Exxon Getty Goodyear Philip Morris and US Steel with quoted prices and percent changes. The compilation covers diverse sectors such as energy finance manufacturing and consumer goods reflecting daily market activity.
Wall Street firms warn markets may bottom soon
Thomson & McKinnon Auchincloss Kohlmeyer Inc says the Dow’s 400 point drop this year reflects a deteriorating economy and that the bottom may come as downtrend pressure eases. Harris, Upham & Co notes low price earnings and high dividend yields, while Edie & Co cautions on credit needs and inventories and sees January bringing further rate pressure.
MENTIONED IN THIS ARTICLE
New York
UPI
Thomson & McKinnon Auchincloss Kohlmeyer Inc
Lionel D. Edie & Co
Commodity Closings From Madda Trading Co
London gold 180.50 up 1.50 oz silver 4182 down 0.06 oz platinum 174.00 down 1.50 oz copper 58.8 cents down 0.5 cent lb wheat 4802 down 0.12 bushel corn 3.62 down 0.03 bushel soybeans 7.28 down 0.20 bushel live cattle 42.37 up 0.72 cwt live hogs 46.50 up 0.95 cwt pork bellies 69.05 up 1.50 cwt fresh eggs 59.1 cents down 0.07 dot Maine potatoes 5.10 down 0.15 cwl cotton 40.6 cents up 0.06 lb plywood 106.30 up 0.50 thous sq ft sugar 47.9 cents up 0.02.
MENTIONED IN THIS ARTICLE
Chasem
Chessie
Chris Craft Chrysir
Citicorp
CocaCol
Colgate
CPC
Crane
Curtiss
Cyprus
Danato
Dart
Dayco
Dayplt
Deere
del Mat
DeltaAir
Dennisn
DetEdis
Diam$h
Diebold
Disney
OistiSea
OrPeppr
DomeMn
Dow Ch
Dravo
Dresser
duPont
Duqnel
EascaCo
Eastern Air Eastk
EatnCo
E!pas Co Tg
Eutracp
Emer el
Esmvarkin
Etny! C
E« Cel
ExxonCp Sd
Faberge
FarCam
Faircind
Fairmif
Farah
Mfg FerroCorp
Firstne
FsPacp
Fleming
Flintkot
FlaPwr
FMC Cp
FoodFar
FordMo
GAC Corp
GAF Cp
Garnet
Gnadil
GenAtTr
Goodric
Goodyr
Grace
Grand U
Gruman
Gulf
Wigan '¢ Bay
T&t
Jon Laggn
Jostens
Xa Binasa
Kencott
Kidde
Jota Kraficg
Kresge
Roger
Corp
Macnoitt
Macy
New York
Marcoring
American Stock Exchange
Austral Oi
MayerOs
Butles Gas
McLean
Mead
Merck
Bélig
MerrilLy
Ie ‘Midsou
Dixtyn Corp Dome Petro Mm&m
Frontier Air
Mohsco
Ie Monson
Kaiserin
Ay Kirbyind
Ms Lee En
Motorola
Visa van
Nabisco
London
Maine
Dow Jones Averages Movement at 2 PM
The Dow Jones industrial average stood at 575.48, down 2.12 points. The transport average was 137.96, off 0.74. utilities at 65.76, down 0.13. and the broader stocks index at 188.75, down 0.70.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Also Mentioned on This Page
Big Chicago Bank
Florida
Scottsdale
Paradise Valley
Tucson
Dim Ross Cigar Humidor
Troe Stetson
MS. Patii
N. Brown
George
Coin
America
Thomas Ad
Sal
New York Stock Exchange
Braniff
Va Carrierc
CBS
CentTel
Tye Cerro
Cessna Air
Hershey
Heublin
Hewitt P
Hilton Hil
Hobart C
Hoff Electn
Hol Inns
Hbmstake
Howywl
Houssp
Howard
Howmt Cpt
Idaho P
IdealBasic
WiCenin
WW Pwr
Imperial Cp
INA Cp
Inexco Oil
IBM Corp
AlcanAl
Aileg Cp
AllgLud
Allid Ch
AlliedSt
Allis Cha
Va Alcoa
AMAX
Va Am Airlines
Va Abrand
Va AmBrest
AmCan
Ny AmCyan
Va AmHolst
Apeco Corp
Armco
Es Arms Ck
ArlRich
Atlas Corp
Avco Corp
Avnetine
Bath& Wit
Baker Oil
Bangor Pn
Bath Ind
Beckmn
Va Bell Hwi
Bendix
Ea Beth Steel
Black&d
Boeing
Boise Cas
Borden
VBA
Scottsdale (Az
Daily Progress
Mon
Ohio
PacPwr
Pan AmAir
Panhandle
Penn Centr
Penney
PennDix
PhilaEl
PhilipMo
Va Philipsin
Pillsbry
Pitney
Ns Purolatr
QuakOat
Va Ralston
Rapid Am
Raython
Marca Corp
Rey Ind
ReynMet la
Riviana
Robshaw
Jp Rockwell
Royalcc
Snend
DOW- Jones
Simusc
SmithKline
Sterlorg
Tft
Tandy Corp
Teledyne Ji
Utd Aircrf
Utd
UnCorp
US Ind
US Steel
US Tob
UniTet
UnivsOi
Utah
UV Indust
Varian
Vetco
Eiec
Walgreen
WarLam
WsBanc
Whittakr Cp
Xerox Cp
ZaleCorp
Va Zayre Corp
JenithRad
Zurn Ind
Bean Witter & Co
Wall Street Charter
Harris, Upham & Co
Mrs. Homemaker
Pathfinder
Adiv. of
Call-Aservice, Inc
American Exchange
P.O. Box
Isf
Almipa
Madda Trading Company Inc
Electronic Communication Systems
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