Credit markets face deficit funding risks as 1975 looms
Economists and bankers across the U S warn that a growing federal deficit could spark inflation and higher rates. Salomon Bros models show private credit demand weakening while public demand rises, risking an inflationary surge if the economy doesn t slow as expected.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley News Service
New York
Hawaii
Wall Street
Salomon Bros
Fed
Federal Reserve Board
James McKeon
Salomon
McKeon
Norman Robertson
Pittsburgh
Mellon Bank
Hobson
Treasury
Wesley Hillendahl
Bank of Hawaii
Honolulu
Kent Newmark
Bank Investments
Southern California
First National Bank
San Diego
Newmark
Sentry Plans New Scottsdale Offices for 1000 Jobs
Sentry Insurance announces a major 80 acre complex at 96th Street and Shea Boulevard in Scottsdale. The West Complex is projected to cost 910 million dollars and employ 450 initially, rising to about 1,000 within 10 years. Existing Sentry staff will relocate by June and about 100 new hires will come from the Phoenix area during the transition. John W. Jeanis, chairman and CEO, notes 41 centers were considered before choosing Scottsdale.
MENTIONED IN THIS ARTICLE
Scottsdale
Phoenix Press Club
Sentry Insurance
Progress
96Th Street
Shea Boulevard
John W. Jeanis
Sentry West
Jeanis
Phoenix-Scottsdale
Greater Phoenix
Scottsdale Daily Progress Briefs February 26 1975
Local brief from Scottsdale Arizona dated February 26 1975 reports community notices and short items of civic or social interest, typical of a midweek newspaper page.
MENTIONED IN THIS ARTICLE
Scottsdale (Az
Daily Progress
San Francisco Exchange Moves as Pacific Stock Exchange Shifts
After 93 years San Francisco loses the Pacific Coast Stock Exchange to Los Angeles but keeps an option market role. Exchange president Ackerman says the plan transfers main stock business to LA and uses San Francisco for options trading with about 20 major stocks initially. Ray Moore, an options specialist, calls it bullish for the Pacific exchange.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Pacific Coast Stock Exchange
Los Angeles
Securities and Exchange Commission
Exchange
G. Robert Acker
San Francisco Exchange
New York Exchange
Pacific Stock Exchange
Ray Moore
Seattle
Ackerman
Chicago Board Options Exchange
American Stock Exchange
New York
Fleming calls for higher interest rate on idle state funds
Arizona State Treasurer Bart Fleming says banks should pay a higher rate for use of idle state funds. He backs a bill to allow state CDs to yield the average private citizen rate, claiming potential extra revenue up to $2 million annually.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Bart Fleming
Fleming
Commodity Closings From Market Update
Quotations from Madda Trading Company show London gold at 183.00 down 0.75 per ounce while Mar gold rises to 184.30 up 0.90. Apr platinum stands at 154.50 unchanged with Mar copper 57.4 cents up 0.4. Other readings include Mar wheat 3.70 down 0.052, Mar corn 2.712 down 0.xt, Mar soybeans 5.2394 down 0.01, and Apr live cattle 36.80 down 0.72 while Apr live hogs 39.40 down 0.90. Mar pork bellies 63.87 down 1.50, Mar fresh eggs 47.3 cents up 0.1, May Maine potatoes 3.65 up 0.06, Mar plywood 116.30 up 0.80, Mar cotton 39.65 cents up 0.75, and Mar sugar up 1 cent per pound.
MENTIONED IN THIS ARTICLE
London
Maine
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Money Matters
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Joanis
Tom Stokes
Florsheim
Yal Conaway
Fashion Square
Camelback Rd
Worthmore
Dow Jones
Indus
New York Stock Exchange
AlcanAl
Éllola
Alcoa
AMAX
AmHes
Watty Am Airlines
Apeco Corp
Armco
AshinOil
Alricht
Aglas. Corp
Avco Corp
Bath Ind
Mat le Beal Fois
Bell Hwi
Se Bendix
Beth Steel
Joma
Ye Black&d
Ea Boeing
BoiseCas
Borden
Va Borg
Vara
Ng Braniff
Va Brigss
Bris My
CBS
Va CentTel
Cessna Air
Chris Craft
CocaCol
Colgate
Curtiss
Cyprus
DanRiv
DanaCo
Deere
Delta Air
Dennison
von DetEdis
Diebold
Disney
Peppr
Dome
DuPont
EascoCo
Eastern Air
Wey Ata
Easik
EataCp
Exxon
Faberge
FerroCorp
Gam Sk
A Gannett
Ideal Basic
iWwCenin
IH Pwr
Imperial Cp
INA Cp
Inexco Oil
Ing
Ga Pac
Gerber Pd
Great A&p Co
Gruman
Gulf Oif
Wa Harrisc
Wy Heinz H
Hercules
Hershey
Wy Hewitt P
Bhat
Hilton Hilt
Vola Vln
Hobart
Jantzen
Jy John
Jy John Mv 1.20 § 154 20'4 1994 20'E— Vy John&j
Jon Logn
Jostens
Alla KalsrAl
Va Kayser R
Ae Kencott
Kerr
Kidde
Me KimbCi
Libby McNi
LTV Corp
Macy
Massey
MayerOs
McCrory Co
McGrEd
McGr HI
McLean
Mead
Merck
Morrska
Motorola
MistTel
MurpCo
Nabisco
Vsva
Ohio
Owen CF
T&t
Pan Am Air
Panhandle
T v Wa 32 324+ 2 Penn Centr
Penney
PennDix
Pennpl
Pennzol
PepsiCo
Pfizer
PhilaEl
Philip Mo
Phillips Ind
PhilPel
Pillsbry
Pitney
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Rapid Am
RCA Corp
qReading Co
Reviow
Rey Ind
ReyndMet
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E—— & Seagram
American Exchange
API
Ales
Dixlyn Corp
Dome Petro
Frontier Air
McCullch
Syntex C
Utahidaho
Vikoa Incor
Shell Oil
SierraPc
SignalCo
Simus
SingerCo
SmithKline
SouthCo
Sonres
Tandy Corp Wba
Va Teledyne
Texaco
Sa Ve Timlin
Transam
Ae A UnCorp
UniTel
UnivsOil
Upjohn Utah Itt
Uwlahpl
UV Industa Wa
Vendo Co
WsBanc
Union
Whitpst
Whilpool
Whit Con
Ava
Whittokr Cp
Wickes Cp
Winnox
Xerox Cp
Wa Zale Corp
Zayre Corp
ZenithRad
Zurn Ind
Emerserey
Madda Trading Company, Inc
Chicago Mercantile Exchange
JIM Crawford & Assoc
Ethan Allen
Joe
el Joe Baney
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