Dollar steadies after three day firmer run on European markets
U S currency held its firmer tone in early trading across Frankfurt Zurich Brussels and Milan with fractional declines. London Paris and Amsterdam saw continued mild gains while gold held at 178.25 in Zurich and 178 in London. Dollar rates opened lower in Frankfurt Zurich Brussels and Paris while London and Paris showed slight strength. The pound traded at 2.3705 dollars after 2.3790 previously.
MENTIONED IN THIS ARTICLE
Brussels
UPI
U.S
Frankfurt
Zurich
Milan
London
Paris
Amsterdam
Chase 9 percent prime rate lowers bank loan costs
Chase Manhattan Bank cut its prime rate for business loans to 9 percent, the lowest among major banks, matching U.S. Trust Co of New York which also moved to 9 percent. Other big banks hovered around 9 1/4 to 9 3/4 percent.
MENTIONED IN THIS ARTICLE
New York
UPI
Chase Manhattan Bank
NYSE Stock Quotes Show Broad Market Gauge Turn
New York market listings show mixed moves in mid afternoon trading with notable gains for Allied, Amex, and Exxon among others while several industrials edge lower. Key names include American Airlines, Boeing, Coca Cola, and IBM with varied directions and percentage changes as traders digest earnings and sector signals.
Market outlook cites midyear relief with rate declines ahead
Winkle Cantor Pomboy & Co sees a broad advance by mid year as economy firms and interest rates ease. Merrill Lynch forecasts short term rates to fall into July with yields rising later. long term rates may ease briefly before further declines in Q2 as inflation eases.
MENTIONED IN THIS ARTICLE
New York
UPI
Winkle, Cantor, Pomboy & Co
Federal Reserve
Merrill Lynch Government Securities Inc
Treasury
Commodity Closings Today From Madda Trading Co
London gold falls to 176.50 while IMM Mar gold slides to 176.90. Silver at 4.12, down .17. Platinum 151.00, down 1.00. Copper 52.4 cents, up .2. Wheat 3.8972, corn 3.164, soybeans 6.22, hogs 41.60, cattle 36.63, bellies 66.10, eggs 48.75, potatoes 3.80, plywood 123.60, cotton 38.95, sugar 36.4. Market not yet closed on some items.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
AmHes
Am Airlines
AmBrest
AmCyan
Asmit
Va Amt&t
Amstar
Apeco Corp
Armco
Atlas Corp
Avco Corp
Babawil
BakerOl
Bangor Pn
Bath Ind
Bendix
Beth Steel
Black&d
Boeing
Braniff
Va Brunswk
Bucyrus
Budd Co
Bulova
Burlind
Burt
Chris Craft
Vo del Mat
Delta Air
JOS Iwat Va Dennisn
DiamSh
Diebold
Disney
Dow
Dresser
ElPas Co
EttraCo
Ex Cello
Exxon
FlaPwr
FordMo
Gannett
Ga Steelind
Great A&p
Hershey
Heublin
Watt Hewitt P
Hobart
Idaho
IBM Corp
T&t
Itek Corprin
Jantzen
Jeff Pilot
Jonn&j
Jon Logn
Tya
Va JosSens
KLM
Knight R
Im . Kopper
Kraftco
Kresge
Va Kroger
Va LearSleg
Lehm
LOF
Libby McNi
Ligg My
Onsb
Liftonin
Lockheed
LoewCp
Lones Ind
Lonesg
LTV Corp
Luckys
Marcorine
MayerOs
Va McCrory Co
McLean
Mead C
Merck
Merridy
Ogden
Ohio
Vo Owenill
PacPwr
Javaiyo
Pan Am Air
Panhandle
Penn Centr
Penney
Pennpl
PepsiCo
Phelp
Phila&i
We PhilipMo
Ja Philipsin
A PhilPet
Pse&g
MH Pulman
Revion
Rey Ind
Va Robshaw
Rockwell
Rohr Ind
Royal CC
IV Royld
StroMm
StRegis
Sander Asso
Ya Schering
Schlumb
Va ScottPap
Seagram
Sears
Shell Oil
Va Sierra Pc
SignalCo
Ila
SouthCo
Mp Sonres
SoPacif
So Rail
Studew
Tandy Corp
Teledyne
Teneco
Va Textron
Va Thiokol
VA Thriftyd
Op Timlin
Mat
Wva
Wb Transam
TranUn
UnoCal
Uniroyal
UnCorp
Ye US Ind
US Steel
US Toh
Va UniTel
UnivsOil
Vatti
Utah
Utah Pl
UV Industa
Vendo Co
Vetco
Wava
Walgreen J
WarLam
WsinAr
WsBanc
Wunion
So Westh el
Wstvac
Ea Weyrhas
Whilpool
Ae Whit Con
Whittake
Ma Wickes
Xerox Cp
Zale Corp
Va Zayre Corp
ZenithRad
Va Zurn Ind
London
Maine
Arizona Bank Cuts 46 Jobs Since January
Arizona Bank in Phoenix reports a statewide staff reduction of 46 since January 1. The latest layoff, affecting 37 employees, occurred last Friday. Board chairman G. Clarke Bean said the cuts follow a slowdown in growth.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Arizona Bank
G. Clarke Bean
Pinacle Peak Patio names Roger Schwartz as new manager
Scottsdale based business briefs announce Roger F Schwartz named manager of Pinacle Peak Patio replacing Chris Tripoli. Schwartz previously opened and managed McCormick Ranch Clubhouse in Scottsdale and led clubs in Naples Italy and Taiwan while in the Air Force.
MENTIONED IN THIS ARTICLE
Roger F. Schwartz
Chris Tripoli
Schwartz
Scottsdale
McCormick Ranch
Naples
Italy
Taiwan
Air Force
Association of America
Masonic Lodge
Shrine Club
Lions International
Agana
Guam
Also Mentioned on This Page
Hoke
Schneider
Dow Jones
Indus
ChrysirCin
Citicorp
CntiCan
Contri
Cox Brd
CPC Ind
Crwnz
Curtiss
Cyprus
Wall Street
American Exchange
API
American Stock Exchange
Australil
Va Buttes Gas
Dixlyn Corp
Dome Petro
Ford Can
Madda Trading Company, Inc
Chicago Mercantile Exchange
Sunburst Hotel
N. Scottsdale RD
Thurs
G. Henson
West
Gold & IN Exchange
Dee Lenard Olsen
George E. Freiburghaus
E. Hazelwood
Scottsdale General Office
New York Life Insurance Company
Hermosa Inn
Paradise Valley
David A. Covington
Freiburghaus
William L. Hoke
E. McDonald
Johnston Mobile Home Sales, Inc
Mesa
Theron W
Ted) Johnston
Johnston Mobile Home Sales
Cleveland
University of Illinois
Europe
Ascension Lutheran Church
The
Mesa-West Rotary Club
Disabled American Veterans, Eleventh Armored Division Association
Phoenix Illini Club
Ambassador International
Harry William Schneider
Ambassador
Tempe
Popular Merchandise Club
Valley Stream
N.Y
Signet Better Homes Club
Cambridge
Mass
Record Club of America
York
Hudson Vitamin Club of
Keith D. Morgan
Western Savings and Loan Association
Scottsdale Road
First Street
Salt Lake City
Morgan
University of Utah
Western
East Thomas
Camel Square
Western Savings
North Phoenix
Institute of Financial Education
Linda
Alman J. Taranton
Sunkist Growers, Inc
California
Arizona
Citrus Marketing Organization
Los Angeles
Joe Salembier
Bozell & Jacobs
Salt River
Phoenix Roadrunners
Sea Ray Boats
Motorola New Ventures
Salembier
B&j Phoenix
Dwight E. Loeffler
New York Life Office
Loeffler
Centurion
Russell Waterhouse
Third Avenue
N. Scottsdale Road
F.d.lc
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