Big Three profits dip as 1973 ends and 1974 outlook worsens
Detroit reports show GM Ford and Chrysler posting a sharp fourth quarter profit drop despite higher sales. Executives warn 1974 may begin in a valley with upside not likely until summer as energy shortages and price pressures loom. Public sentiment about profits attracts calls for government limits.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Edward N. Cole
Chrysler
Lynn Townsend
Ford
Henry Ford II
Lee A. Iacocca
Iacocca
Cost of Living Council
COL
American Motors
Tacocca
Richard Gerstenberg
Gerstenberg
AMC expands small car output adding 1500 workers
AMC boosted production at its Kenosha Wisconsin plant from 850 to 1100 cars a day to ramp up Hornets and Gremlins. The move comes as GM and Ford idle about 53 000 workers this week amid weak February sales and a 35 percent drop from last year.
MENTIONED IN THIS ARTICLE
Detroit
UPI
American Motors Corp
General Motors
Ford
U.S
Co _ AMC
AMC
Kenosha
Wis
Wall Street Quotations Spill Through Day’s Close
NYSE closing quotations show mixed movement across key industries with firms like CaterTr and CocaCola trading around modest gains while oil and energy names such as Cities Sv and Cin Gas post varied results. Transportation and tech issues appear uneven with DeltaAir and Exxon reflecting divergent trends.
Wall Street Close Mixed On American Exchange Trade
Selected stocks on the American Stock Exchange ended with mixed results as traders watched key movers like Petro, Cal Comptr, and Ford while data showed varied highs and lows across energy, manufacturing, and consumer goods issues amid modest volume and fluctuating percentages.
MENTIONED IN THIS ARTICLE
NEW York
API
American Stock Exchange
Wall Street Chatter Signals Cautious Rally Ahead
Wall Street firms describe a technically overbought market with gains exceeding losses for ten straight days. They forecast a possible pause unless negative news hits, expect the Dow to rise to 900 to 920 and advise selective buying with caution through March.
MENTIONED IN THIS ARTICLE
New York
UPI
Merkin and Co. Inc
Dow Jones
Dow Jones closes higher on broad gains
Dow Jones industrials rise 1.26 to 853.18 led by industrials as 30 stocks gain. Transports slip 0.58 while rails retreat 0.07 and 65 stocks edge down 0.01. Total turnover reaches 12.27 million shares.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Stocks Inch Higher as Dow Gains in Slow NYSE Trade
Markets showed little change with the Dow up 0.47 to 851.61 near the close while the S and P dipped 0.35 to 95.18. Trading was light as declines led advances 76 to, and total volume was about 12 million shares. Egyptian leader Sadat urged an oil ministers meeting to discuss lifting the embargo and Meir signaled she would stay in as head of a new minority cabinet. Weyerhaeuser slipped as EVP Knudsen warned of softer first half earnings but a hopeful year end.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Standard and Poor
Anwar Sadat
Golda Meir
American Exchange
Weyerhaeuser Co
C. Calvert Knudsen
Institutional Investors
San Francisco
FTC sues mail order firms over out of state debt suits
Washington based FTC charges Montgomery Ward Spiegel and affiliates with unfair debt collection, noting Ward shoppers faced in person court appearances in Anchorage and Spiegel sued out of state in Cook County. Agencies West Coast Credit Seattle and Commercial Service Co named in action.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Trade Commission
FTC
Montgomery Ward
Spiegel
Ward
Anchorage
Alaska
Chicago
Circuit Court
Cook County
West Coast Credit Corp
Seattle
Commercial Service Co., Inc
Also Mentioned on This Page
Scottsdale (Az
Daily Progress
Ware
CanPac
Carrierc
CaterTr
CerroCorp
Cessna
Chasem
E— Vo Chessie
Chris Craft
Ety
CocaCol
Vo Co
CBS
Ya Col Gas
ComSolv
Danac
Dayco
Ye Deere
Del
DuPont Lad
Duggnel
Vt BascoCo
Lola
Exxon
Ff— Faberge
FairCm
Glvat Sd
Fairind
Fairmtf
Farah Mfg
FerroCp
Firestone
Je Fleming
Steel Ind
G Tire
Ga Pac
Gerber Pd
Getty
Gillette
Global Mar
Goodric
GoodyrTir
Grace
Grand UN
Grant W
Gta&ptea
Ginnek
GtWsFin
Va Gt West UN
Gulf of
Gulf&Ws
Harris
HeclaMn
Heinz
Va Hercules
Hershey
Va Heublein
Hewitt P
Hobart M
Howardj
Howmet
Idaho P
IdealBasic
Sa Henin
I Pwr
Imperial Cp
Admiral Cp
Am Airlines
Wea
Amt&t
Apeco Corp
Armcos
Va Assoc Trans
Richild
Atlas, Corp
Avco Corp
Mat
Bab&Wil
Bangor Pn
Bath Ind
Bell_ Hwl
Vy Bendix
Benguet
Sve
Beth St
Black&d
Boeing C
G Bolse Cas
Ja Borden
Borg W
Va Bost Ed
Bourns Inc
Branift
Fe Briggs S
BrGrup
Bucyrus
Petro
Frontier Air
GenCine
HuskyOl
Va Kaiser
Lee Ent
Lee NatlCp
LoewsTh
S5va
Va McCulloh
Va Okc Corp
Ookie
Pracnw
Utah
Vikoa Incor
Wat Vo Wyo Bnc
INA Cp
Inexco
Ing Rad
Mind Steel2
InspCop
InHarv Wa
Inti Mining
IntNcki
IntiPap
T&t
Itek Corprin
J I : Jantzen
Ms JohnMv
John&j
Va JonLogn
Jones L
Va Jostens
JoyMfg
KaiserAl
Kange
Kayserr
Kenmit
Kennecot
Kerr Mc
Kidde
Kim Cl
Kem Aijrl
Knight
LTV Corp
Macy
Va MayerOs
Maytag
Va McCroy
Ve McDond
McGr HI
McLean
Mead Cp
Va Merck
MGM
Mm&m
E— Va Mobil Oil
Mohseo
Satewy
StroMn
StRegis
Sander Asso
Schering
Schlumb
Sears
Shelioul
Sierra Pc
Sun Oi
Tandy
Va Texacolne
Thriftyd
Timlin
TraneCo
Transam
Unocal
UnCorp
US Indus
US Steel
India
Varian
Va VendoCo
Vetco
Ik Victor CC
Va Elec
Walgreen
Ve WarLm
Va Wash
WsBanc
Wstvac
We Weyrhas
WhelPitt St
Vas Whitpool
I Whit Con
Va WhiMot
We Whittakr Co
Xerox Cp
ZaleCorp
Zayre Corp
Zenithr
Zurn Ind
Monsanto
Morgjp
Morrsk
Motorola
MtStTel
MurpCo
Natomas
Va Nengel
Va NingMo
Va NL Indust
Norfolk
Norton Si
Wova
QogdenCp
Ohio Ed
Oklage
OlinCorp
Ta Utbedm
Va Owen CF
Pan ‘Am Air
Penn Centr
PennDix
Penney
Pennzoil
PepsiCo
Purolatr
Va Rockwell
Wall Street
Scottsdale
Gary
Sid
First Avenue
Arizona
E. F. Hutton
E. Camelback Road
Gordon Schubert
el-Hutton
E.F. Hutton & Company
Camel View Plaza
Camelback Road
Earls Drive
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