Winters not harming long term economy says experts
Experts say the winter's impact on the U S economy is repairable and likely temporary. The Morgan Guaranty Survey notes early signs of a rebound as weather eases and production resumes, with CitiBank saying manufacturers remain optimistic about a rebound and Bache Halsey Stuart predicting a sharp second quarter spurt from depleted inventories and stimulus.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
U.S
Morgan Guaranty
Citibank
Economic Outlook Brightens Despite Western Water Woes
Economic commentators note modest weather impact on jobs data and a rapid car sales rebound. They see buoyant consumer mood, rising capital spending, and a stronger single family home market, while drought in the West and higher food costs loom as risks, though the worst may be over.
MENTIONED IN THIS ARTICLE
California
Gold rise signals risk to stocks warns market analyst
Dow Theory proponent Richard Russell says gold's bull market signals potential weakness for stocks and bonds. He notes gold could climb to 160, with a long correction ahead, favoring Homestake Mining and Krugerrands as stores of value, while cautioning political factors in Kaffir stocks.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley
Richard Russell
Dow Theory Letters
London
Russell
Homestake
U.S
Washington
Dow Jones Quotes Rally Amid Broad Market Activity
NYSE tone strong with multiple blue chips showing gains while a broad array of stocks fluctuates. The AP report lists values for PepsiCo Gillette American brands and major names, reflecting active trading and varied price movements across sectors.
Commodity Closing Quotes From London And IMM Markets
London gold at 146.50 the London May coffee 3.03 and cocoa 2.02. IMM May gold 147.40 and April silver 4.882. Copper 69.1 cents, wheat 2.7634, corn 2.5534, soybeans 8.36. Soybean meal 233.50 and soybean oil 25.9. Live cattle 38.90, hogs 34.37, pork bellies 50.35. Cotton 0.79 with market not closed.
MENTIONED IN THIS ARTICLE
London
Stocks Fall Sharply as Rally Collapses
New York stocks sank after a rally faltered with the Dow Jones 30 down 9.47 to 942.57 at mid afternoon. Losers outpaced gainers 5 to 2 on the NYSE as volume reached 14.27 million shares. Analysts cited congressional climate, a tax bill without the investment credit, rising rates and wholesale price concerns.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Congress
House
Carter
Citicorp
NYSE
Charity Fountain Opens At Avanti in Scottsdale
Four Avanti restaurant owners Angelo Livi Benito Mellini Franco Ferrandi and Ramon Vives designate their fountain at 3102 North Scottsdale Road as a charity fountain with all tossed coins donated to the American Cancer Society.
MENTIONED IN THIS ARTICLE
Avanti
Scottsdale
American Cancer Society
Angelo Livi
Benito Mellini
Franco Ferrandi
Ramon Vives
The
Cancer Society
Scottsdale Rd
Lee leads bank decentralization boosting branch responsiveness
James S. Lee senior vice president and area supervisor reports a September realignment of Arizona Bank branch administration to Scottsdale area centers. The decentralization expands control to 25 offices in Scottsdale Paradise Valley east Phoenix Tempe Mesa and northern Arizona with a 10 person staff in the Scottsdale Bank Building.
MENTIONED IN THIS ARTICLE
Arizona Bank
James S. Lee
Eastern Branch
Central
Arizona
Phoenix
Lee
Scottsdale
Paradise Valley
East Phoenix
Tempe
Mesa
Scottsdale Arizona Bank
69Th St
Camelback Road
The
Maricopa County
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Business Mirror
N. Scottsdale Rd
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Madda Trading Company, Inc
Chicago Mercantile Exchange
Fountain
Turf Enterprises, Inc
Bank
Scottsdale Industrial Airpark
Salas
Tom R. VanSickle
E. Butherus Drive
Thunderbird Industrial Airpark
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