Wall Street Chart Says Bull Market May Return This Year
Wall Street traders and firms like Philips Appel Walden and Moody's Investor Service note bearish current trends but predict a rebound. They cite odd lot buying as bullish and expect averages to rise to 1000 or more, while dividend yields stay high despite profit declines and prices at about 12 times 1973 earnings.
MENTIONED IN THIS ARTICLE
New York
UPI
Philips, Appel & Walden, Inc
Moody's Investor Service, Inc
Stock Prices Dip on NYSE Amid Profit Taking
Stocks fell sharply on the New York Stock Exchange with the Dow sinking 15.76 to 856.40 as profit taking and discouraging energy news weighed. The S&P 500 slid 1.56 to 95.75 while declines outpaced advances in broad trading. A White House remark that no Arab oil embargo lift was seen soon tempered optimism after Egyptian Israeli disengagement.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Standard & Poor
White House
NYSE Closing Quotations From UPI Report
Selected NYSE stock closings showing high, low and final for numerous companies including Admiral Corp Am Airlines Amex Amstor Am MT&T Avnet and Boeing. The data lists prices and percentage changes, reflecting market activity on the session.
Stocks on American Exchange show mixed closes
New York based American Exchange reports a wide list of stocks with varied closes. Petro and Austrail oil firms posted gains while Banister Brascan and Creole faced mixed moves. several industrials like Exxon and DuPont posted notable activity amid a broad market mix.
Dow Jones Averages Edge Lower Amid Broad Declines
The Dow Jones Industrial Average sits around 855.47, down 16.69 points as most sectors slip. Broad market action shows declines across 30 stocks, with notable moves in General Electric, Goodyear, and Texaco amid a session heavy with price swings and subdued volume.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Business Briefs highlight regional appointments and awards
Carral named GEC district credit manager for Arizona and Nevada with offices in Scottsdale. Buzzard named Salesian of the Year for Scottsdale New York Life Office. Harlan L. Wolf named C T Corporation Phoenix division VP. Donald H. Bennett named director of marketing for Big Surf. Gene York wins O Malleys Expense Management Award.
MENTIONED IN THIS ARTICLE
Duane Johnson
General Electric Credit Corporaton
Richard Carral
Arizona
Nevada
East 4Th Street
Scottsdale
New York Life
Farmington
N.M
Scottsdale General Office
Angelone
Walborn
Harlan L. Wolf
E. Calle de Paisano
C.T. Corporation
Phoenix
Chester C. Goss
Wolf
C.L
Kansas City
Clark County
Donald H. Bennett
N. 81St St
M. Edwin Merrell
Ey E. “Gene” York
O'Malley Building Materials
N. Scottsdale Rd
O’malleys
Seminar plan outlines marketing executives sessions
Dr. Charles Lapp of Washington University leads sales and marketing seminars through Saturday for executives. A session specifically for salesmen will be held Saturday. Interested individuals should contact Dr William Harris in the marketing department at Arizona State University.
MENTIONED IN THIS ARTICLE
Charles Lapp
St. Louis’ Washington University
William Harris
Arizona State University
Also Mentioned on This Page
Wall Street Charter
Wall Street
Scottsdale Az
Daily Progress
Yaunvangs
Admiral Cp
Aircolng
Anacon
Apeco- Corp
Yarmcos
Ner Me Assoc Trans
At- Richard
Allas Corp
Avco Corp
Avnetinc
Bath&Wil
Baker Oil
Bath
Bell Hwil
Wa Bendix
Benguetine
Bethst
Boeing
BoiseCas
E— A Borden
Borg W
Saa Ed
Bournsstne
Bris My
BrGrup
Brunswk
Bucyrus
Budd Co
American Exchange
API
American Stock Exchange
Crw CP
DayMn
Ims Dixtyn Corp
Dome Petro
Frontier Air
Kaiser
McCulichOl
Rem Ar
Syntex C
Utah
Uae
Vikoa Incor
Bne
Eye Vates Indus
Bulova
Bunker
Burlin
ChaseMan
Chris Craft
Chrystr
CocaCol
Colgate
Crane
Cyprus
DanRivr
Bm Dana
Deere
DeltaAlr
Dennisn
DuPont
Duane
Enscoto
Faberge
FairCm
We Fairind
Firestone
We Fleming
Gannett
Nck
Eal A
Sen Lorie
Gerber
BAT
Gillette
Cron
Jobal Mar
Goodric
Grand U
Giwsfin
Gulfel
GulfeWs
Howards
Jeff Pitat
LearSieg
LehPic
TV Corp
Bucky
Luken
Lyke Ygstn
AO Magnayvania
Marcor
Marter
MayerOs
Maytag
Hi McCroy
Va McDond
McGr HI
McLean
Va Mead Cp
Morisco
Ap Monsanto
Morrsk
Motorola
Misttel
Nortons
OpdenCp
Ohio
Oklang
Otis el
Owenill
Packty
T&t
Pan Amair
Penn-Centr
S Peniney
PennDix
Pennzoil
PepsiCo
Pfizer
PhiaEl
Philip
PhilPet
Prisbry
Pitney
Bow
Pse&g
Pullman
Ralston
Raython
RCA Corp
Qg Reading Co
oyalCc
StRegis
Sander Asso
Schering
Sears
Shell Oil
SierraPc
Simusc
SouthCo
Vy Sp Rand
Ferlorg
Studew
Tandy Corp
Teledyne
Texaco
Thiokol
Thriftyd
Timlin
TraneCo
Transam
TranUn
Va UnCorp
US Indus
US Steel
Vo UniTel
Buo Va
Walgreen
WarLm
Wa Wash
Momma Wunson
Westy el
Weyrhas
Whittakr Cp
Wickes
KYZ
Xerox Cp
ZaleCorp
Zayre’ Corp
Zenithr
Zurn Ind
E. F. Hutton
East Camelback Road
John Reyno
Bill Tennison
L Hutton
E.F. Hutton & Company Inc
Camel View Plaza
East
Camelback Road
Royal Bond
Bond
Royal
Raylax
Call J. Burrows
North Central
Monroe
Rush Press
Royal Bond Copier
Royal Typewriter Company
Tri-City
Adams & 16Th St
Carral
GEC
Big Surf Organization
Bennett
Thornton- Reichert Advertising’ Agency
Milwaukee
Pewaukee Lake
Wisconsin
Teledyne, Inc
Carrai
General Office
Pat Lattimore
McDowell
68Th St
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