West Coast experts predict a market rally gains ahead
West Coast technicians forecast a new bull phase with the Dow likely to top 1100 in coming months. Elders cite accumulation, strong sectors like technology and REITs, while Value Line and Merrill Lynch list favored buys across growth, defense, and speculative issues.
MENTIONED IN THIS ARTICLE
West Coast
Elliott Ware
Gerry Nelson
David Holt
Pasadena
Calif
Holt
New York Stock Exchange
Nelson
Elliott Wave
Simplicity
Woolworth
TRW
Merrill Lynch
Skaggs
Tandy
Tiger International
Holiday Inns
Host International
Homestake
Pierce, Fenner & Smith
Wall Street Closes Mixed As Dow Dips Amid Broad Trade
The New York Stock Exchange shows mixed late quotes with the Dow Jones averages slipping around the 2 p.m. mark while gains appear in several blue chips and financials amid a broad market pullback. Major names across sectors including Kroger, Exxon, IBM and General Electric fluctuate, with investors weighing earnings and policy signals.
Scottsdale Daily Progress Business Brief
Scottsdale business desk reports on local commerce trends and market activity as of December 16 with prices, openings, and notable deals across Scottsdale and nearby business districts.
MENTIONED IN THIS ARTICLE
Scottsdale (Az
Daily Progress
Panels offer second look for urban home loans
Lenders nationwide plan review panels to reexamine denials for inner city mortgage loans. Panels exist in Milwaukee Pittsburgh Cincinnati Cleveland Chicago and Denver with few applicants. Officials say efforts address urban minority access and reflect broader urban policy focus by President Carter and savings associations.
MENTIONED IN THIS ARTICLE
New York
Milwaukee
Pittsburgh
Cincinnati
Cleveland
Chicago
Denver
Savings and Loan
U.S. League of Savings Associations
Carter
League
Bank Lending Reform Aims At Urban Rehabilitation
A business report discusses pooling funds from associations to back equity investments and loans for urban rehabilitation. It notes accusations of redlining and lender hesitance to lend in minority areas, with panels to review complaints and potential loans, though no enforcement power. John Hardin urges city leaders and residents to partner on safer, stricter code enforcement and better services.
MENTIONED IN THIS ARTICLE
John Hardin
League
Hardin
Savings and Loan
Tanner Purchases California Plant to Enter Southern California
The Tanner Companies of Phoenix acquire a 40 acre prestressed concrete facility at Etiwanda California in a 1 million investment for TPAC led by T E Blizzard. John Johnson moves from Tucson to manage the Etiwanda plant with Joseph Gregory named general superintendent.
MENTIONED IN THIS ARTICLE
Tanner Companies of
Phoenix
California
Etiwanda
Calif
Tanner
TPAC
T.E. Blizzard
N. 53Rd St
San Diego
Rohr Industries
Blizzard
John Johnson
Joseph Gregory
Commodity price roundup from London markets and futures
London gold at 133.25 down 1.25 per ounce. IMM Mar gold 135.20 up 1.60. Feb silver 4.40-0.50 up 0.60. Mar copper 60.3 declining 0.1. Wheat 2.69 per bushel unchanged. Corn 2.50 down 0.04. Soybeans 6.904 up 0.32. Soybean meal 201.40 up 1.60. Soybean oil 21.39 up 0.09. Live cattle 40.57 up 0.62 per cwt. Live hogs 35.35 down 0.10. Cotton 75.7 down 0.28. Sugar 8.09 down 0.01. Market not closed.
MENTIONED IN THIS ARTICLE
ConsuPow
ContAir Lin
Tek Corp
Control
Velwel Corp
Dat
Cooperin
Jewelc
van Be
P.m
Va KaisrAl
Kroger
DiamSh Wi
Dilfon
LTV Corp
LehVal Ind
Maney AdmsMillis
Veo Dow Ch
Lehma
Dresser
Levitz Furn
AetnaLlf
Ww duPont
AirProd
Arizona
AlcanAlu
EastAir Lin
Loews
AllegCp
EasKd
Eaton
Echlin
LaPacif
Exxon
McOald
Am Motors
Filrol
McDond
McGrah
MeadCp
Amt&t
Melville
FdFair
Sia
Merck
Ampex Corp
Fordm
Milgo- Elect
Apeco Corp
Freepm
Monsen
Ise ArchDan
Frigtrac
Mondu
Armco Ta
MonPw
ArmstCk
MorNor
Jotorola la— Lugi
BabckWil
Gamsk
Dim Ve Miftel
ORK Cap
Noon Interway Co
Baltge
Gannett
Misttel
BankAm
Nabisco
Aegis Corp
LatyRad
Beecha
GenMills
NatAirl
Alleghy Airl
Lincoln Am
Beker
GnMot
Ve Ae Cares
Ene LoewThe
GPU Cp
ArminCp
Cuulo
VeMeg BellHow
Bendix
Vegtelet
Asamera
Olnt
BenfiCp
E Mitchie
BethStt
GaPacif
Nat Semicn
BanistrCtl
Nkinney O
Gerber
NatlSti
Azie
Bellind
Nat Paragn
Boeing Ya
Gettyo
Berg Bruns
Boise Cas
Gillette
Bradfdn
Borden
Global Mar
NevPw
Brascana
Nytimes
BorWar
Goodrh
Nengel
Ckpet
NorCdn Oils
BristMy
Ie Goodyr
Newmt
Ia CMI Corp
Ozarka
Ve BritPet
Gould
Niamp
Ve Carbon
PaliCorp
Brunswk
Grace
NorfWin
Caressa
Pertecomp
BucyEr
Norris
BuddCo
Norphi
Va Bulova
GrGiant
Circlek
Presley Cos
Burlind
Grumm
Northrp
Coachma
BuriNo
GulfWstn
NwstAir
Coleman
Risdonm
Burrghs
Robintech
Yo Buttesg of
Norton
ConOil Gas
Ryanh
TSUN
Mersin
E Cookind
Shnandh
Cornelius
Spencer
ATM
Harnishf
Va Crutcr
Syntex
Cadence Ind
Harris 1
Oklage
Damson Oil
Tenna_ Corp CmpRL
Uipcp
Chessie
Homestic
PacPetrl
Falcons
Usfiltr
Chipnevt
We Hongwil
PacPw
Fed Resrees
Vernitron
Chris Craft
Houshf
Filmwg
WTC Inc
Chrysler
Houshp
PanAm Air
Frontier Air
Ware Pfc
Citicorp
HowJohn
Panep
Va—- Hi Patricp
Glantvel
Associated Press
Clark
Icinds
PenDix
de— Ie Gladding Co
INACD
Penney
CloroxCo
PaPwLt
GtLkCh
CocaCol
IdealBa
Pennzo
Harma
ColgPal
Imptcpa
PepsiCo
Hartzm
ColGas
INCO
Pfizer
Ye HO
Philael
E— H Hycel Inc
Interlak
IBM
PhiliPet
Pitney B
Instrum
Pugspl
Tandy Corp
Tandycrft
Tektronx
Teleda
Teleprmpt
Elex Cp
Ae Questor
Tenaco
Texaco TesoroPet
Va Rca
RalstonPu
TexEst
Rancomn
Todd Shipyd
Rapid Am
Transw Air
Raythn
Ovva— Transam
RepSti
eTricon
Ma TwenCen
RyderSys
Unocal
Upaccp
Scmcp
Uniroyal
Ve Us Steel
Va Sanders
UniTel
Va Sfelind
E— “A Upjohn
SlerrPac
Eka Signal Singer Co
Wunion
Eee SmithKline
Westge
Weyerhr
SonyCo
London
Imm
Also Mentioned on This Page
Helen L. Call
Copley News Service
Wall Street
Aetna Life
At&t
Houston Lighting and Power
Kresge
Lincoln National
Shell Oil
Southwestern Life
Standard ‘Oil
Ohio
Borg Warner
Bristol Myers
Carrier Corp
Combustion Engineering
Dana Corp
First Charter Financial
Florida Power & Light
General Signal
Great Western Financial
Houston Natural Gas
ITT, Marley, Co
Maryland Cup
Pillsbury
Reyco
Scovill Manufacturing
SmithKline
Sothern
Indiana Gas & Electric
Textron
White Consolidated
Beech Aircraft
Cessna Aircraft
CMI Investment
Cooper Industries
General Tire & Rubber
Mgic Investment
Mesa Petroleum
Southern Union
Value Line
Amcord
American Medicorp
Computer Sciences
DPF Inc
Eastern Air Lines
Heck’s
Katy Industries
Keene Corp
MacMillan, Rexham
Seatrain Lines
Supermarkets General
Dow Jones
American Exchange
Santa
Elf Brigade
North Pole
Scottsdale Pecuracy Es
Brug Store
Lays
Scottsdale Rd
John Cunniff
Business Mirror
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
Dan We
Richard G. Capen, Jr
Russia
People's Liberation Army
Lo Wu
America
Camel View Plaza Cinema
State Liquor Board
Scottsdale Hilton
Tingem
Loeb
Rhoades
New York Stock Exchange, Inc
New York, N.Y
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