Economists predict steady harvest trims grocery prices in 1976
Economists believe favorable rains will yield a bountiful 1976 harvest and curb price spikes. They expect retail food prices to rise about 2 to 5 percent for the year, with some forecasts as low as 2.3 percent and others above 4 percent in later quarters, reflecting strong harvests and variable regional conditions.
MENTIONED IN THIS ARTICLE
Copley News Service
Department of Agriculture
A. Gary Shilling
Wall Street
White, Weld
Dow Jones 2 p.m. Averages and NYSE Prices
Dow Jones 2 p.m. averages show declines with Industrials at 997.30 down 7.86, Transports 230.01 down 1.26, Utilities 90.94 up 0.03, and Stocks 313.52 down 1.91. Selected late NYSE prices list numerous issues with mixed latest and last prices and percent changes.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow Dips Below 1000 On Profit Taking After High
The Dow Jones industrial average fell to 997.30 as of 2 p.m. down 7.86 points after stalling near 1000 amid a broad market drop. Losers outpaced gainers on the NYSE with moderate trading while analysts noted disappointment over failing to extend Monday's 34 year closing high. Shares tied to corn syrup sweeteners slid sharply amid Merrill Lynch guidance on lower prices. The NYSE composite fell .31 to 56.30 and the American stock exchange market value index declined .42 to 106.63.
MENTIONED IN THIS ARTICLE
New York
Dow
Merrill Lynch, Pierce, Fenner & Smith
NYSE
American Stock Exchange
Commodities Prices Fall on Rain and Liquidation
Chicago traders saw broad price declines as rain and profit-taking triggered liquidation across the board. Soybeans led losses with futures down 20 cents per bushel and soybean oil down 100 points, or one cent per pound, while soybean meal dropped $10 per ton.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Commodity Closings On Manila Exchange Items
Commodity prices and market quotes from the Manila Mercantile Exchange show futures and spot figures for corn, soybeans, pork, eggs, and beans. Prices include July and May contracts with bids and last quotes across several grains and livestock categories.
MENTIONED IN THIS ARTICLE
Tocays Ciesag
Manilla
Dary, Inc
Scarsdate
Cacage Mercantile Exchange
Loren
IMO
Joy Phahange
Judy Pryceed
Wall Street Noon Prices Mixed Across Diverse Shares
A snapshot of American Exchange noon prices shows mixed moves among diverse issuers including Newpark Resources Ozark Aluminum and Valspar. Changes range from modest gains to declines as traders track activity in stocks such as KinArk Corp Stet Lafay Red and Vikoa Inc amid varied volumes.
SRP issues 40 million in municipal revenue bonds
The Salt River Project sold 40 million dollars of municipal revenue bonds at 6.6988 percent. Bonds were awarded to Bache Halsey Stuart Inc. of New York. Proceeds finance construction and improvements of electric facilities at Coronado Hayden Craig coal plants and Palo Verde Nuclear Station.
MENTIONED IN THIS ARTICLE
Salt River Project
Bache Halsey Stuart Inc. & Associates
New York
Coronado, Hayden and Craig
Palo Verde
Inventories Reach 142 Year High in May
May inventories rose to 272.5 billion, up 0.7 percent led by manufacturing gains of 1.0 billion and wholesale 829 million, while retail rose 58 million. Sales fell 0.3 percent after April’s 0.9 percent rise, boosting the inventories to sales ratio to 1.46.
MENTIONED IN THIS ARTICLE
Washington
California adopts lifeline energy rates penalizing heavy users
California’s Public Utilities Commission approved a lifeline energy plan that cuts costs for the minimal electricity and gas needed for basic household needs while raising unit prices for higher usage. The structure aims to aid low income households, though some commissioners warn higher bills for businesses and others.
MENTIONED IN THIS ARTICLE
San Francisco
California
State
Public Utilities Commission
PUC
Eugene Raleigh
Raleigh
Commission
Vernon Sturgeon
Wiliam Symons Jr
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