Market calm hides hot options arena at CBOE
Harris Upham analyst Alan Shaw says stock gains will run within a 800 to 900 range and detach from interest shifts, with earnings recovery in view. Options strategy favors longer maturities on investment grade names like U S Steel and Union Carbide. Murphy Oil rises as a solid pick amid a consolidating 12 months.
MENTIONED IN THIS ARTICLE
Copley News Service
Chicago Board Options Exchange
Alan Shaw
Harris, Upham
New York
Shaw
U.S. Steel
Union Carbide
Johns Manville
Harris
Upham
Murphy
Fed
Lou Stone
Harris Upham
Investment Dealer's Digest
Stone
Wall Street
U S land could meet food crisis
The Agriculture Department says the United States could add as much as 266 million acres to cropland by converting pastures and forests if a severe food shortage occurred. This would require high prices or guarantees to persuade farmers, the Economic Research Service reports in Cropland for Today and Tomorrow.
MENTIONED IN THIS ARTICLE
Washington
United States
Agriculture Department
Department
Economic Research Service
Southern Plains
Plains
Mountain States
Upturn Hinted By June Income And Savings Surge
The Business Mirror notes rising disposable income and savings in June suggest consumer readiness to buy homes and cars. Personal income after tax jumped about 63.3 billion in Q2, while savings hit an annual 114.6 billion, 10.6 percent of disposable income, the highest in 29 years.
MENTIONED IN THIS ARTICLE
New York
U.S
Washington
Dow slides as rates fears deepen in quiet trading
The Dow Jones Industrial Average falls 6.26 points to 856.15 as investors fret over rising rates. Pan Am leads activity with a 4 percent drop to 34, while Textron slips 1.25 percent and Green Giant gains 1.25 percent on steady volume. NYSE composite falls 0.31 percent.
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NEW York
New York Stock Exchange
Pan American World Airways
Pan Am
Textron
Green Giant
NYSE
Dow Jones
Arizona
Alas AlcanAlu
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AligLud
AllisChal
Va Alcoa
Hess
Ampex Corp
Armco
Asarca
AsniQil
Asdorg
Avco Corp
Bendix
Boeing
Ty BaiseCas
Borden
BorWar
Brunswk
BuddCo
Lola
Curtiswr
Cartind
Deere
DelMon
Delta Air
Dennys
DerEdis
DiamSh
O Dillon
Js Disney
OrPeppr
Dresser
duPont
EastAir Lin
Easka
Eaton
Je Echlin
la el Paso
Eliza Cp
Esmark
Ethyl
Ns ‘Y Evans
Exxon
FairCam
Va Fairlad
Wy Ie
Fstin&n
Adige
GamSk
de Gannett
TelEi
Heciam
Hercules
Heubin
Va Hewlt
A Hoern W
Honywil
Phelps
Pitneyb
Polaroid
Tektronx
Tenaco
Texaco
Quaksto
Questor
Thiokol
ThrittDg
Ralston P
TimeMir
Timlin
Ae Rancom
Todd Shipyd
Trans W Air
Raytheon
Transam
RCA
UMC Ind
Reyind
Svable ReynMella
Rockwith
Unocal
Roy Ccol
Roy
Lg Uniroyal
Tgt Ag
Upjohn
Ag Scoaind
Searleg
Sears
Sa Varian
Sala Vendo Co
Velco Osh
Vaepw
Signa Co
Wachova
SingerCo
Va Smithktine
WasWat
SonyCo
Wa WnAir
Sonres
Sperry R
Whitem
Va Whittaker
WilmsCo
StdBrands
Va WinDx
StdOnCal
Winnebago
Zstautch
Zale Corp
Stevens
Wis
ZeninRad
The
Associated Press
New data flood in showing modest GNP rise and housing drift
U S government figures indicate real GNP declined 0.3 percent in the second quarter versus 11.4 percent in Q1, with May inventories down a record 2.97 billion. Industrial production rose in June for the first time in nine months while inflation cooled to 5.1 percent annualized. Housing starts fell 5.2 percent in June, mortgage rates moved above 9 percent, and housing costs average about 38 thousand dollars amid cautious recovery signals. Carla Hills urged optimism for a housing upturn through 1976 despite uneven monthly gains.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
Ron Nessen
Federal Reserve
First National City Bank
Ford Administration
Housing and Urban Development
Carla Hills
HUD
Commodity Closings Show Mixed Movement Across Markets
Gold prices slipped with London gold at 144.00 per ounce down five cents while IMMA Sept. gold rose 40 cents to 167.10. Copper gained 9 cents to 57.8 cents per pound and Sept. sugar edged up one cent to 16.89 cents per pound.
MENTIONED IN THIS ARTICLE
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
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