Fed Pumps 1.1 Billion, Eases Credit To Spur Expansion
The Federal Reserve Board injected 1.1 billion into the banking system to curb unemployment and fuel business expansion. Lower reserve requirements boost bank liquidity and promise cheaper corporate loans, with a slow pass through to the economy expected over weeks. Critics oppose Ford energy plans aiming higher crude costs and gas utilities seek relief or rate hikes amid shortages and cuts.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Fed
Ford
Congress
Bank executive shifts and new roles in Phoenix area
First National Bank of Arizona names Torgerson Scottsdale manager and promotes Spies to chief of the Scottsdale office. Spies previously led the Casa Grande branch while Torgerson moves to commercial loan administration at Phoenix headquarters. Also announced Siemens Components Group assigns Richard E. Christopher to Western Zone Distribution Manager in Scottsdale. Diamond's picks Frank Seif as vice president finance.
MENTIONED IN THIS ARTICLE
Thomas A. Spies
First National Bank of Arizona
Scottsdale
N. Scottsdale Rd
Spies
Arthur D. Torgerson
Commercial Loan
Phoenix
First National
Casa Grande
Bank
Iowa
Springerville
Eloy
Benson
Tucson
Torgerson
North Dakota
Bankers Trust Co
Des Moines
Richard E. Christopher
Siemens Components Group
Dickson Electronics
Willian K. McMillan
Christopher Will
Mississippi River
Christopher
Siemens
Fairchild Semiconductor
W.W. Barrett
Diamond’s
Seif
Florida
Minnesota
Diamond's
Dayton Hudson Corporation
Las Vegas
Tax plan won't affect refunds for 1974 taxes
IRS District Director Robert M. McKeever said the Presidents rebate proposal will not change refunds already due for 1974. He urged taxpayers to file their 1974 income tax returns early to aid prompt processing and potential automatic rebates, noting the rebate amount depends on tax liability and IRS processing.
MENTIONED IN THIS ARTICLE
Ford
Internal Revenue Service District
Robert M. McKeever
Congress
McKeever
IRS
Wall Street Mixed as Dow Falls on Industrial Shares
NYSE selections show varied moves with Industrials down 0.39 and Transports off 0.12 as utilities edge up 0.03 while overall volume runs around 10.9 million shares. Traders note uneven performance across major components with several big names posting small losses and slight gains amid steady trading.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
NYSE Quotations Snapshot From Afternoon Session
A dense snippet of New York Stock Exchange quotations shows varied bid and ask figures for multiple securities. Prices shift across listings including Steel Ind, GTE, Gillette, Goodyear, Goody’s, Grand, Grant, Gulf, and other firms with percentage changes and percent or fractional deltas indicated.
Fraser Management Associates Sees Market Bottom by March
A Burlington Vermont firm predicts a final market bottom in the first quarter, likely in March. It expects a gradual phase change after March toward higher prices into 1976 77 and advises investors to seek a balance sheet market with dividends and yields more important than before.
MENTIONED IN THIS ARTICLE
Fraser Management Associates
Burlington, Vt
Commodity Closings From Madda Trading Co
London gold 174.25 down 0.25, MM ran gold 178.00 up. Feb silver 3.90 down 0.01, platinum 143.50 down 0.45, copper 52 cents down 0.4. Mar wheat 3.944 up 0.15, corn 3.1214 up 0.02, soybeans 6.02 up 0.02. Live cattle 34.50 down 1.50, live hogs 37.55 down 0.92, pork bellies 57.40 down 0. Viet cwt. Eggs 53.35 cents up 0.55 per dozen. Maine potatoes 3.60 unchanged, cotton 99.14 up 0.01. Sugar 34.05 cents down 0.02. Market not closed on some items.
MENTIONED IN THIS ARTICLE
Budd Co
Bulovaw
Burling
CanPac
Sa Carrierc
CaterTr
CBS
CentTel
CessnaAir
Chessie
Chris Craft
Chrysir
Citicorp
VM City
CocaCol
Colgate
Cpc
Curtiss
Cyprus
DanRivr
Delta Air
Diebold
Disney
I— Dresser
duPont
Oat Veasco Co
Eastern Air
ExxonCp
Fast Faberge
Fleming
FMC Cp
Svat
FoodFar
FordMo
Gam Sk
Gannett
Aveta Genatr
Otis el
Owen CF
T&t
Pan Am Air
Va Panhandle
Penn Centr
Penney
PennDix
Pennpl
PepsiCo
PhilaEl
Va PhilPet
Pillsbry
Proct &Ga
Ma Pulman
PurexCp
QuakOat
Ralston
Ve Raython
RCA Corp
qReading Co
RepSd
Reviow
Rey Ind
Robshaw
Rochg
Rockwell
Tandy Corp
Teledyne
Teneco
London
Maine
Valley to View Industry Display for Bicentennial
Valley residents will be among the first in the nation to see Industrial Heritage U.S.A. in Dearborn produced by Greenfield Village and Henry Ford Museum. The Phoenix Bicentennial Commission sponsors the exhibit at Metrocenter January 29 to February 2 with 27 displays tracing American industry from origin to present products. Open 10 a.m. to 9 p.m. Wednesday through Friday, 10 a.m. to 6 p.m. Saturday, and noon to 5 p.m. Sunday.
MENTIONED IN THIS ARTICLE
Metrocenter
Scottsdale women named officers in Executives' Secretaries group
Two Scottsdale residents were installed as Phoenix chapter officers of Executives' Secretaries Inc at the Camelback Inn Monday night. Angela Lohman became vice president and Doris Logan was named ways and means director responsible for fundraising.
MENTIONED IN THIS ARTICLE
Scottsdale
Phoenix
Executives’ Secretaries, Inc
Camelback Inn
Lincoln Drive
Angela Lohman
Indian School Road
ESI
Doris Logan
82Nd Street
Ways and Means
U.S
Canada
Hawaii
Also Mentioned on This Page
Dean Witter & Co
FNB
Frank Seif
Poe
NEW York
UPI
New York Stock Exchange
AlcanAl
Allieds
Allis Cha
Alcoa
Am Airlines
Ie Amt&t
Apeco Corp
Armco
Arms CK
Ve Atlas Corp
Avco Corp
Avnetine
Bath&wil
Vo Baker Oll
Bangor Pa
Bath Ind
Beckmn
Bell Hwl
Wat Bendix
Beth Steel2
Bleck&d
Boise Cas
Borden
Borg
Bost
Yvat
E— Ve Global
Mario
Uva
Goodric
Goodyr
Grace
Grand
e+ Grant
Great A&p
Aiey
Gull&Ws
HamPa
Harrahs
Harris
HeclaMin
Heinz H
Hercules
Hershey
Heublin
Hewitt P
Hilton
Hobart C
Hoff Elecin
Hol Inns
Homstake
Honywl
Houslp
Howard
Howmt Cp
Idaho
idealBasic
Ncenin
BM Tbm Corp
Kimbel
KLM Ahl
Aia Ava Wat la
Knight R
Kopper
Kraftco
Kresge
Kroger
Libby McNi
Lockheed
LTV Corp
Lucky S
Ve LukaSti
Lykesy
M Macmill
Macy
Man Hn
E— Vo MayerOs
Maytg
McCrory Cp
McDond
Vo McLean
Va Mead C
Ms Merck
Ya MerrilLy
MGM Inc
Mm&m
MobiiOl
Morisco
Va Monson
Motorola
Nabisco
Nee Ndust
NwBan
American Exchange
Ales P-E
Hds
Olxtyn Corp
E— Vo Dome Petro
Frontier Air
Va HousOlt
Husky
Viet Vo Kaiserin
Lee Kirbyind
McCullch O
Transam
UAL Inc
Avat
US Tob
WaMat Ve UniTel
UnivsOll
Utah
Varian
Vendo Co
Va Vetco
Elec
WarLam
Walgreen
Wash
Va WstnAr
WsBanc
Ova
Vo 1A
Wla
Ye Wu Union
Westhal
N—M Weyrhas
Wohrspool
Whittakr
Zayrere
Zenith Rad
Zurn Ind
Wall Street
Isl
Seven Palms Enterprises
Christian Eee
Ear Ee
Amon
Rterly
First Street
Scottadale
Arizona
Madda Trading Company Inc
Chicago Mercantile Exchange
Pati
Logan
Associated Surgeons Ltd
Lohman
Jennings & Thompson Advertising
Sismiu
Hughes-Calihan Corporation
North 16Th St
Sun City
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