Stock market rallies on light New York trading
The Dow rose 8.92 to 784.89 and the S P 500 gained 0.60 to 83.41 as 1,715 issues moved higher on the NYSE. Volume reached about 10.6 million shares amid muted news and expectations of higher rates, with DuPont and Eastman Kodak lagging and gold miners like Dome Mines and Campbell Red Lake leading gains.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Federal Reserve Board
Standard & Poor
DuPont
Eastman Kodak
Getty Oil
Halliburton
Kerr McGee
Dome Mines
Campbell Red Lake
Inflation slashes purchasing power and bank yields
A finance column analyzes that a $10,000 deposit in a maximum yield savings account over five years, after taxes and inflation, loses purchasing power more than cash held today. It compares potential gains from high yield bonds, tax free municipals, Treasuries, and stocks as alternatives.
MENTIONED IN THIS ARTICLE
Judith G. Rhoades
Copley News Services
Savings Bank
HNA
NYSE Close Stock Snapshot With Wide Range of Movers
Selected stocks on the New York Stock Exchange show varied close values across many names. Entries include Alcoa Allied, Exxon, Coca Cola, IBM, and DuPont with notable price movements and percentage changes amid broad market activity.
Wall Street Charters Signal Ongoing Market Recovery
E.F. Hutton reports healthy internal market conditions with a technical basis for continued recovery. Provident National Bank of Philadelphia notes glamor stocks nearing technical downside objectives and predicts the downturn from 1973 may be ending.
MENTIONED IN THIS ARTICLE
Provident National Bank of Philadelphia
National Chamber Chief urges curb on government spending
Arch N. Booth president of the National Chamber of Commerce urged Congress to control spending to avoid deficits. He said the government should spend only what it collects in taxes in a keynote address at the Denver Chamber of Commerce forum The Business Community in an Uncertain World.
MENTIONED IN THIS ARTICLE
Denver
UPI
Arch N. Booth
National Chamber of Commerce
Congress
Booth
Denver Chamber of Commerce
Dow Jones closes higher on broad gains
Dow Jones averages rise with 30 industrials up 9.00 to 784.79 and 20 transports up 1.67 to 158.16, 15 utilities up 0.16 to 67.74, and 65 stocks up 2.37 to 236.15. Trading volume today reaches 11.32 million shares.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Commodity Closings From Dated Market Roundup
Today's closing quotations show London gold at 140.00 an ounce unchanged while silver sits at 3.975 an ounce up 0.09. Copper at 83.4 cents a pound down 0.08. July wheat 4.17 per bushel down 0.03. July corn 3.295 per bushel down 0.04. July soybeans 6.97 up 0.15. Live cattle 45.15 per cwt up 1.00. Plywood 110.50 per thousand sq ft up 1.50. Potatoes 4.41 per cwt down 0.04. Cotton 52.50 per lb down 0.31. August eggs 46.65 per dozen up 0.10.
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Ibat Va
CaterTr
CBS
Nn CentTel
Cerinth
CocaCo
Colgate
Cox Brd
We Curtiss
Cyprus
DanAivr
Danac
Dart
Deere
DeltaAir
Dennisn
DiamSh
Diebold
Disney W
OrPeipr
DomeMn
Dow Ch
Dresser
Duke P
DuPont
EascoCo
EltraCp
Esmark
Excello
Exxon
Ff— Faberge
Firestone
FMC Cp
GsG— _GAC Corp
GAF Cp
Gam Sk
Gannett
Gn AO
Gen Dynamo
Gillette
Global Mar
Goodric
GoodyrTi
Grant W
Gta&p
GtWsFin
Gt West UN
Nh Grn Gia
Grumn
Gulf Oi
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Gulf&Ws
HammiPal
Harrahs
Tia Harrisc
HeeaMin
Hershey
Heublein
We Hewitt P
Hilton Hill
Hobart C
Ve Hoff Electa
Homstake
Howywl
Inacp
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InspCop
IBM Corp
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IntNek
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Inf T&t
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KaiserAl
Kerr
Kidde W
Kim Cl
Knight
Kopper
Kraftco
Kresge
Kroger
LearSleg
Lehi Ptc
Lehm
Lockheed
LoewCp
LTV Corp
Lucky S
Luken Stl
aVe— Va Macy
Massey
MayerOs
Maytag
McCroy
McDond
McGrEd
McLean
Mead Cp
Merck
MGM
MMM
Mobsco
Morisco
Monogram
Monsan
Morgjp
Va Morrsk
Motorola
Moon
MtStTei
MurpCo
Nabisco
NingMo
Norfolk
NwBan
London
Maine
American Exchange Highlights in New York Market
Selected stocks on the American Stock Exchange in New York faced activity at week’s end with traders watching price moves. Investors tracked listings and volume as the market displayed mixed gains and declines across sectors.
MENTIONED IN THIS ARTICLE
New York
API
The
American Stock Exchange
Difference Between Annuities and Deferred Annuities
A new deferred annuity offers a choice of contract types including fixed, variable, or a combination. The fixed portion guarantees a set annual return for five years and then a guaranteed rate at future market levels. The variable portion cannot be guaranteed, but if the investor dies before retirement the beneficiary gets the greater of the original investment or its present value.
MENTIONED IN THIS ARTICLE
W.H
Los Angeles
Penny drive at Thomas Mall offers gift certificates
Merchants at Thomas Mall and Southern Arizona Bank and Trust Co sponsor a penny buy day from 10 a.m. to 5 p.m. People trade rolls of pennies for mall gift certificates redeemable at any store. Certificates scale from 400 pennies for $5 to 2,000 pennies for $25 with a $25 per person limit.
MENTIONED IN THIS ARTICLE
Thomas Mall
Southern Arizona Bank’ and Trust Co
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