Auto firms profits hit record in second quarter
Detroit reports a booming auto industry with 1.5 billion in quarterly profits. Ford Motor Co. posted 442 million in April to June, surpassing prior records. General Motors and Chrysler also set new marks as UAW presses for fair shares and potential wage gains. Worldwide sales reached a record 8 billion dollars, up 27 percent from a year earlier.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
General Motors
Chrysler
Ford
Ups And Downs New York AP Major Exchange Movers
A list from the American Stock Exchange highlights top gainers and decliners by percent change. Notable movers include Ceila Craft Me Mw Up 7.2 and UnNatl Cp 15-16 We Up 15.4, with downers such as Barwick ET 2-% Off 23.8 and Aeronca Inc mq-We Off 32.5 in the same report.
MENTIONED IN THIS ARTICLE
BabckWil
Usgy
Interiak
US Steel
UnTech
tntHarv
Utah
Itek Corp
SeabCh
Vetco We
Mo Jones
BethSt
HelCorp
Searle
WA Vaepw
Singer Co
Warner
Util BoiseCas
JhnMan
Vedi Smithkline
Borden
Va Johnson Jin
Sony Co
WasWat
Va JonLogn
New York
Va BucyEr
Whittaker
Burrghs
KerrMc
Tama
StBrand
WilimsCos
AMF Inc
StdOiCl
C WinnDx
E Koppers
ZenithRad
Arizona
Cmprl
SunCo
Associated Press
AlcanAlu
UWA
LTV Corp S
CastiCk
Ms Tektronx
AllisChat
Levitz Furn
Vo TesoroPet
Am Airlin
Chasem
LoneStind
Texaco
Chessie
AmBadest
Chris Craft
Chrysler
LykesCp
Texsgif
Wr—Ameipw
Citicorp
Textron
Macmill
ThriftOg
Yo Am Motors
Anciveni
Macy
TimeMiIl
ANAIR
CocaCol
Timlin
Va AmStand
Va Mapco
A Todd Shipyd
Amt&t
ColGas
Apeco Corp ArchDan
McOnid
Umciind
McDond
Va Uop We
ArmstCk
Armco
MiYa
Va McGrah
Va ContAir Lin
Ye Mead Corp
Asarco
Wa— ContiCp
Va Melville
Va Merck
Atlas Corp
Avco Corp
O Cooper
Mobil
Va CoxBdd
Mohasco
Monsan
Curtis Wr
MtStTel
NN — Stock Exchange
LafyRad
Deere
Ncrcp
LoewTheft
Wit
Marindug
DelMon
Nabisco
Aegis Corp
Delta Air
McCulo
Dennys
NatCan
Asamera
Medenco
DillonCo
Va Downs Dresser
NatlSti
duPont
Dixilyn
Essex Ch
Ryan H
Benguet
TriSon Mtg
EastAir Lin
SharonStl
Apeco Corp
Easke
Norfik
Va Norphi
GiantVel
EmerEi
Va Hovollm
Enserch
Northr
Tl Corp
EvansProd
Norton
Xonics Inc
NorSim
Jetronic Ind
Zimmer
Ray Oklage
Oklang
FdFair
Formck
Va PanAm Air
Finkin M
Panep
Freepm
Patrkp
Penn Cent
Penney
GamSk
PaPwLt
Gannett
PepsiCo
Pfizer
PhilaEl
Genesco Inc
Polaroid
Geor Pac Wi
Proctrg
E— Ve Gerber
Psocol
GettyOil
PSVEG
Gillette
Publckr Ind
CO and Global Mar
Goodin
Pugspl
Goodyr
Gouldin
Quaksto
Va GrGiant
RCA Greyh
Ve Grumm
Va RalstonPa
Rapid Am
Va GuitOil
E Raytheon
ReichCh
Harris
HarteHk
E— We Alecla M
Wa Revion
Hercules
Reynin
Heublin
ReynMet
Rockwilnt
Hoernw
Va Royccol
Ryder Sys
We ideasBa
Impicpa
UPS and Downs New York
American Stock Exchange
Ceila
Whittak
Holly Corp
Instrum Sys
Barwick ET
DeilaCp Am
Aeronca Inc Mq
Stock Market Rises Slightly After Declines
The Dow Jones industrial average advanced 2.04 to 981.33 as gains edged losses on New York Stock Exchange listings. Analysts cited belated support from a rate cut across banks with Citibank and others trimming the prime from 7 to 7 percent, while volume reached 9.36 million shares by mid afternoon.
MENTIONED IN THIS ARTICLE
New York
Citibank
Commodity Closings From The Market Desk
Today's close quotations from Madda Trading show London gold at 112.50 up 0.70. Sept. gold 112.30 up 0.10. Silver 4.45 down 0.56. Platinum 167.00 up 1.00. Copper 0.799 up 0.013. Wheat 3.40 down 0.40. Corn 2.80 down 0.02. Soybeans 6.05 down 0.1634. Live cattle 37.95 down 0.70. Live hogs 43.25 up 0.08. Pork bellies 65.05 up 1.15. Eggs 0.605 down 0.005. Potatoes 8.05 down 0.05. Plywood 151.70 up 0.50. Cotton 0.750 down 0.015. Sugar 12.07 unchanged.
MENTIONED IN THIS ARTICLE
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
Stockholders Revolt Over Corporate Bribes and Fees
A typical small investor laments using stockholders' money for illegal gifts. He cites Occidental Petroleum and Lockheed cases, noting executives paid hush money, then defended with fees. He warns of shareholder losses and executives shielded by retained pay as advisers.
MENTIONED IN THIS ARTICLE
New York
Occidental Petroleum
Armand Hammer
Richard M. Nixon
Occidental
Hammer
Lockheed
U.S
Best Western to convene 28th Round-Up in Phoenix center
Best Westerns 28th annual Round-Up, the world’s largest lodging executives convention, will run Oct 4 to 8 at the Phoenix Civic Plaza Convention Center drawing over 2,000 motel hotel and resort owners from the U S Canada Mexico Australia New Zealand and the Caribbean.
MENTIONED IN THIS ARTICLE
Best Western
Phoenix Civic Plaza Convention Center
United States
Canada
Mexico
Australia
New Zealand
Caribbean
Arizona Biltmore
Phoenix
Best Western International
Richard Anderson
Battele Institute
Earl Jarvis
Robert C. Hazard, Jr
Citibank Cuts Prime Rate Following Bank Trend
Citibank, the nation’s second largest, reduced its prime rate from 7 percent to 7 percent, aligning with cuts by Morgan Guaranty Trust, Bank of New York, and First National Bank this week. The prime is the minimum rate charged on loans to top borrowers.
MENTIONED IN THIS ARTICLE
New York
Citibank
Morgan Guaranty Trust Co
Bank of New York
First National Bank of Chicago
Also Mentioned on This Page
United Auto Workers
UAW
Ken Bannon
New York Stock Exchange
Dow Jones
American Exchange
Country Club
McDowell Mountains
Paradise Valley
Dick Turner
Length
Pinnacle Peak Developers
East Pinnacle Peak Road
Old Scottsdale
Bel-Air Leasing
John Cunniff
Business Mirror
Phoenix Center
Zonked
Postal
Scottsdale Daily Progress
Ed Nixon
Jerry Ziegler
Cstr Mead Oy Tss
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