Business spending eyed higher in 1977 survey
A Commerce Department survey forecasts plant and equipment spending rising about 11.3 percent in 1977 from 1976, though real gains may sit around 5.3 percent after inflation. Analysts note late-year activity and cautious optimism amid prior inflation and interest-rate shifts.
MENTIONED IN THIS ARTICLE
John
P Boshness
NEW York (Ap
Commerce Department
Valley National Bank of Arizona posts 1976 gains in deposits and loans
Valley National Bank of Arizona reports year end 1976 deposits at 2.909 billion, up 10.7 percent, and loans at 1.746 billion, up 99.9 million. Net income rises to 18.5 million or 2.08 per share while pretax income before security gains stands at 18.3 million. Total resources total 3.325 billion, up 1.5 percent.
Wall Street Rises on Tech Gains Amid Mixed Economic Signals
A volatile session sees tech shares push higher while caution lingers over inflation and interest-rate paths. Investors weigh weak manufacturing data against resilient consumer demand as major indexes swing.
Market Price Quotes From Madda Trading Firm
Closing quotations show mixed futures with gold at 131.75 up 1.75, AMM Mar gold 132.10 up 0.50, copper 63.1 down 0.6, wheat 2.79 down 3.34, corn 2.62 down 2.34, soybeans 7.19 down 0.7, meal 214.00 down 3.80, oil 20.93 up 0.22, cattle and hogs uneven, lumber 179.40 down 5.00, cotton 67.11 down 0.21, sugar 8.37 down 0.05. market not closed.
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Ameipw
Motors
ANSIR
Amt&t
Ampex Corp
Anchrh
Apeco Corp
ArchDan
WM Armco
JL ArmstCk
Asarco
Ashloll
Asddrg
Amrich
AtlasCp
Avco Corp
BabckWil
Balige
BankAm
Bauschl
BeatFosad
Beckmn
Beech A
Beker
Bellow
Bendix
BentiCp
Bengt B
BethSt
Blockkhr
Boeing A
BolseCas
Borden
BorWar
BristAy
BritPet i
BucyEreh
BuriNo
Buttesg Oil
CarrCp
CartWall
CastiCk
Champint
Chasem
Chessie
Chipneyt
Chris Craft
Chrysler
Citicorp
CitlesSv
Clarke
Ciel
CloroxCo
CocaCol
CoigPal
CoiGas
Deere
Dyer
Genesco Inc
H. Harnlahf
Harris
HarteHk
Hercules
Hoern' Ca
Honywil
Peseriak
IBM
Nek Corp
HtelCorp
Joweps
JhnMan
I Kresges
LoneStar
MistTel
Crcp
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Nabisco
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NatCan
NatFual
NetGyp
Omara
Penney
Pennzol - Va
Fepsico
PhilMorr
PhillPet
Gunter Ind
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Questor
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RepStl
Reviow
Schersp
New York
Atlascm
Austral
BaldorEl
Aegis
Berg Bruns
Coleman
Cornelius
Grutcr
Damaon
Dixityn
Dome Petr
Berliat Dynlety
Adve AM EarthRess Sr
ElcorCp
Gladding
Hartzm
Hycel Inc
Impola
Kalsring
Kewanee
Matt — Trin
Tandy
AIM
Tendvertt
Tektranx
Ate ' ‘Telex
Tennco
keeEntr
Mitchie
Siline -N&ingsy Cp
Nat Pardon
Fecaten Aie Ori Net
Olle Wttset Akk Pye Chem
Ozar We
PallCorp
Pertecomp
Ve Plantene
Ve . Pressey. Cos
Risdonm
Ryan H
Spencer
Syntex
Ve Corp Alleghy Airle
BowVall
System Englas
Tenna Coe A
Amic Corpase
Armincp
Asamera
Brascana
Etat Corp
Cardssa
Champ Hom
The
Associated Preas
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Dow reverses two day slide with moderate rally
New York stock market turned higher led by gains on the Dow Jones 30 as of 2 pm with the average up 4.07 to 972.32. Volume on the Big Board reached 16.23 million shares with more advancers than decliners signaling bargain buying and short covering after recent declines.
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