Mexico's economic prognosis shown as poor by officials
Treasury Minister Julio Rodolfo Moctezuma Cid says Mexico is in a pothole with a crisis not yet over. President Lopez Portillo and cabinet acknowledge financial difficulties while seeking hard currency loans and IMF support amid peso devaluation fallout since 1976.
MENTIONED IN THIS ARTICLE
William Giandonid Copley
Mexico
Treasury
Julio Rodolfo Moctezuma Cid
Jose Lopez Portillo
U.S
International Monetary Fund
Lopez Portillo
Mexico trims deficits and gains foreign credit confidence
The 1977 program reduces imports and controls costs while boosting exports. Inflation slowed from 4 percent a month to 1 percent by May. Trade deficit narrowed to 245 million in Q1, down from 666 million a year earlier. Foreign loans, including World Bank and Lloyds credit, total about 3 billion for 1977.
MENTIONED IN THIS ARTICLE
Industralists
Romero Kolbeck
Mexico
World Bank
Lloyds Bank International
Treasury
Moctezuma
U.S
Dow Jones Industrial and Transport Averages Slip At Open
New York stocks opened with the Dow Jones Industrial Average at 907.39 down 2.12, the Transports at 237.63 up 0.53, and the Utilities index at 115.99 up 0.13 as widespread trading began. Analysts noted mixed results across major issues with several big names showing modest losses while others edged higher.
MENTIONED IN THIS ARTICLE
New York
Indus
Stock table snapshot shows mixed gains on American Exchange
The Associated Press reports national price listings across multiple American Exchange issues. Stocks such as AllegAir and Austro-Rad show varied gains and losses with percent changes spanning single to double digits, reflecting a mixed market.
Commodity Closings From London And IMM Markets
London gold at 142.00 up 0.50, London Jul coffee 1.78 up 0.04, cocoa 2.31 up 0.02. IMM Aug gold 142.50 up 0.60, Jul silver 4.41 up 0.00, Jul copper 0.576 up 0.003. Jul wheat 2.37 up 0.01, Jul corn 2.1934 up 0.01, Jul soybeans 4.29 down 0.12. Jul soybean meal 169.50 up 1.00, Jul soybean oil 0.2237 up 0.0009. Live cattle 40.02 down 0.25, live hogs 47.95 up 0.05, pork bellies 56.02 down 1.38. Cotton 0.6115 up 0.0035. Market not closed.
MENTIONED IN THIS ARTICLE
London
London Mar
IMM
Arizona Stocks Snapshot From Scottsdale Merrill Lynch
Arizona stocks listing from Merrill Lynch in Scottsdale shows mixed readings on major Arizona headquartered firms and facilities. Companies such as APS and Southwest Gas display varied high and last prices with notable percentage changes, while several others list partial or unclear quotes.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
The
American Stock Exchange
Arizona
State
Scottsdale
Merril Lynch, Pierce, Fenner and Smith
Bridges elected head of life insurance group
H Bridges CLU of 1708 N 69th was chosen president of the Peionie chapter for 1977 78. He has been in life insurance since 1946 and succeeds James R Cone. New officers include Craig S Reynolds vice president John C O Callaghan Jr secretary and Marvin D Loos treasurer. Carmen Robinson named Scottsdale resident manager of the Inn at McCormick Ranch.
MENTIONED IN THIS ARTICLE
H. Bridges
CLU
N. 69Th
Peionie
American Society of Chartered Life Underwriters
Bridges
James R. Cone
Craig S. Reynolds
Franklin Life
John C. O’callaghan Jr
Connecticut General Life Insurance Co
Marvin D. Loos
Lincoln National Life Insurance Co
Carmen Robinson
Scottsdale
McCormick Ranch
Randy Randall
Aircon Corp
Denver
Steamboat Springs
Colo
Jackson Hole
Wyo
Simple interest explained by Judith G. Rhoades
A simple-interest loan charges interest on the outstanding balance day by day. Borrowers receive only the needed amount, here exampled at 3000 dollars, with interest accruing for the days the money is kept. Late payments incur extra interest rather than a penalty fee. In California, thrift and loan companies may finance securities purchases if you meet their requirements.
MENTIONED IN THIS ARTICLE
Judith G. Rhoades
Copley
California
United States
Thrift and Loan
Market mixed as Dow slips after early gains in New York
The Dow Jones Industrial Average fell 2.12 to 907.39 by 2 p.m as gains narrowed. NYSE volume reached 17.08 million shares while the overall market showed 8 gainers to 5 losers on the day. The wholesale price index dropped 0.6 percent led by farm and food prices, signaling mixed economic signals. Dow Chemical fell 54 to 32 and reported flat Q2 earnings guidance despite a 334,500 share block traded at 32.
MENTIONED IN THIS ARTICLE
New York
Dow Chemical
New York Couple Buys Psycho-Ceramics Shop
Marilyn and Ed Lomas of New York purchase the Psycho-Ceramics Shop at 6941 E Fifth Ave. The shop will operate as a teaching ceramic studio and gift shop offering hand crafted pottery. The Phoenix warehouse at 1950 E Watkins remains under the Greisigers and will be renamed Féenix Ceramics and Supply.
MENTIONED IN THIS ARTICLE
Marilyn
Ed Lomas
New York
Psycho-Ceramics
Fifth Ave
Jack
Joan Greisiger
Fifth Avenue
E. Watkins
Phoenix
Greisigers
Féenix Ceramics and Supply
Also Mentioned on This Page
Luis’ Echeverria
Central Bank of Mexico
Gustavo Romero Kolbeck
Scottsdale (Az
Daily Progress
Dennys
Disney
duPont
FlPaso
Emere
Engmc
Ensrch
Esmrk
Evansp
Exxon
A. Fmc
Fairind
FdFair
Fordm
Formck
Gannett
GenDyn
Gene
VY Gillette
Goord
Goodyr
Gould
Grace
Gaipc
Arco
AlcanAl
AllaStr
AlvsCh
Armco
ArmstCk
Ya Asarco
Anrich
Ayealp
BallyMt
Balge
BankAm
Ballscht
Baty
Ve BeatFos
BelHow
Bendix
Bota
Bury
Inerco
Hwcapt
IBM
Censow
Ina
Chessie
Cpnet
JhnMan
Jomin
Chysie
Joniga
JoyMig
Ve CiesSv
DataGen
AOA Cayo
Gere
Kmat
Kasa
Kane
Kroger
teaSieg
Levitf
Lyget
Lifyél
Ution
MaMid
Masco
McDald
Va McDond
Merck
Merly
MerrEq
Monsan
MonPw
Morgan
MorNor
Nlind
NLT
Nabisco
Omark
Owen
Pace
PepsiCo
Homestic
HughsTl
Polarond
RestvOil
Reviow
Reynin
ReyMet
RuAd
Robins
Rockwi
Koninga
DAM Me Rover
Royo
Reyid
Ryders
Satewy
StoMn
Stsaf
Stregp
Sambos
Schlumb
SimpPat
Singer
Va Skyline
SonyCo
SouthCo
Sonres
Steven
SunCo
Tandyett
Tenaco
Texaco
TimeMir
TWA
Trarsam
Transco
Wunion
Westg
Weyertr
Whirlpol
VU Whittakr
Wiliams
CTM
Paradise Valley
American Exchange
AegisCp
AllegAir
AuldAr
AtlasCp Wa
UWA
ChampHo
Ordex
Colemn
Damson
DomePt
DynAm
DynellEl
EDG Inc
EanhRes
FedRes H
GiantYel
Goldfield
Wencotrm
Invwa Oe
Kaigrin
Kawanea
KnickToy
Lveop
lalyRd
leeEnt
MWA— Loewwi
Marindy A Nd
McCul0
ReshCot
Resisa
Piscon
Robnich
Ryanh
Shenand
Tennéco
Terral
Warnc
Associated Press
Madda Trading Company Inc
Chicago Mercantile Exchange
Patagonia
Ind
Ariz. Bank
UB Fin. Corp. WY
Valley Nat. Bank . Oss
Anheuser Busch
BaylessMkts
Southwest Gas
Gen Semi
Solid Gold Radio
Life Insurance
Doug Short
E. Belleview
National College of Business
NCB
Short
Ramada Inns
Memorex Corp
Robert M. Shervem
Arthur Aschauer and Co. Inc
22Nd St
Shervem
University of Washington
Carefree
Mesa Tempe
Paradise Valle Chandler
Guard Services Inc
Paradise Valley Investigation & Patrol Service Inc
Invergordon RD