Market analyst foresees restrained 1977 growth and oil price impact
Ted Morse of Smith Barney predicts a slow 1977 with inflation easing to under 5 percent. He warns of a gasoline squeeze, higher oil costs, and possible gasoline imports at $14 crude, while consumer spending hinges on confidence and savings. He suggests 65 percent stock portfolios, overweight steel and aluminum, underweight drugs, and notes wage trends from unions.
MENTIONED IN THIS ARTICLE
Ted Morse
Smith Barney
Harris
Upham
New York
Morse
Oo Morse
Sen. Kennedy
Stocks in a Broad Market Snapshot From New York Exchange
At 2 p.m. the market shows wide swings across many names with large gains for some, notable declines for others. The report lists numerous firms including oil, drug, and industrials with prices and percentage moves, reflecting a broad, fluctuating session on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
UPS and Downs
New York
American Stock Exchange
Money tips on saving and safe deposit boxes
Reader questions reviewed by Judith G. Rhoades cover maximizing bank interest via day-of-deposit and day-of-withdrawal timing, compounding frequency, and crediting dates. Safe-deposit boxes are advised for stock certificates, with inventory, lease checks, and optional insurance, plus ABA guidance on access and records.
MENTIONED IN THIS ARTICLE
American Bankers Association
More Normal Weather Could Clarify Economic Strength
New York AP reports that easing cold and drought returns to normal weather across affected areas. Economists anticipate clearer signals on GDP, productivity, and inflation as weather effects fade, with February and Q1 data to come. Inflation is likely to run higher than 1976, around 5 to 6 percent, despite improved conditions.
MENTIONED IN THIS ARTICLE
New York
Market decline continues on slow Dow drop in January
The Dow Jones industrial average stood at 932.10, down 1.33 points, as losers led gainers 7 to 5. Volume reached 10.60 million shares mid session, with most blue chips showing only fractional moves while investors awaited today’s government index of leading economic indicators for January.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
GultOil
Squibb
NatGyp
étBrand
Chessie
Natind
Stdolicl
Chipnet
Chrisett
Citicorp
Ve ‘Harteck
NevPw
VesterDrug
Norris
Benes ColGas
A Einareatt
Ess Tandy
Honywil
Aivy
Norther
Norton
NorSim
Telex
INACD
Tesoro
ContiCo
Idahop
Es QhioEd
Texaco
Akzona
INCO
Cooprin
OutMar
IBM
Aicoa
Timlin
ToddShip
Ie Curtis Wr
PacPer
Transam
Ve AmAir
Dartind
Panam
A. Am
AmCan
Au Deere
Panep
DesMon
Jewelc
Ye Patrip
Aymcind
Mit Ve Aepw
DeltaAir
JonMan
Fe PenDix
Va Dennys
Jonnson Ja
Va Penney
Avind
Arion
Unocal
Anatr
Disney
Pfizer
AmStad
Wat
Peppr
KK — Phelps
Uniroyal
Dow Ch
KaisrAl
PhilaEl
UnBrand
Amic Be
Ampinc
duPont
Kellogg
Eaton
KerrMc
US Steel
Armco
Echiin
Kimbel
UnTech
armstCk
ElPaso
KnigtRd
Proctrg
Unitel
Asarco
Eltracp
Asdorg
Enserch
Ve Kresger
Pueblo
Wa FM
Tome NE Ome
Ay . van Esmark
Ys Kroger
Pugspl
Varian
Amrich
Ethyl
Lt-L — Puilmn
Vetco
Va Exxon
LearSieg
QuakOat
Wachova
Warnerl
BallyMf
RCA
WnBnc
Balige
Liffontn
BalsPur
BankAm
Rancom
Ye RapidAm
LonStar
ReichCh
Va Restvoll
Whittake
BellHow
Va Lykes
Reviow
Williams
FdFair
Pelnsit Aa
Ae Enti Frokinm
Macy
Rohrind
Blockhr
Freepm
MadsFd
Royccol
Boeing
MAPCO
Aes Royld
BolseCas
Ve MarMid
Borden
BorWar
Scmcp
GamSk
Gannett
Bdlly
McDaid
StroMin
Brunswk
GnCable
Wo Acdond
BucyEr
Stregp
McGrah
Bulova
MeadCo
Ve Sanders
BunkRa Ap
AD GenHost
BuriNo
GM ‘Ir
Schergel
Searle
Mobil
Tye Sears
GaPac Ab
Mohasco
Shell Oil
Cpciint
Gerber
Je Monsan
CalFini
Gillette
SierrPac
Goodrh 1.12 30x166 28% 28 284+ Ye Aotorola
Smithkin
SonyCp
CartWall
Grace
Ida Scareg
Castick
NCR
Va SouthCo
Nlind
Ye Sonres
Nabisco
SouPac
NatCan
Wa Sperryr
Champint Vo
GoWind
Square
Wall Street
Also Mentioned on This Page
Helens
CALL
Copley News Service
U.S
New York Stock Exchange
Zenithr
Associated Press
FPA Corp
ICM Realty
Beverly
Isc
Noel Indust
Judith G. Rhoades
Rhoades
Scottsdale Rd
America
Scottsdale (Az
Daily Progress
John Cunniff
A-Accurate Business Co. Inc
E. Thomas
Chevron Chamical
Scottsdale SunBurst Hotel
Tues/Mart
Milton Newton, Inc
NASO
Financial Center
North Central Avenua
Paoenm
J. Milton Newton, Inc
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